Stanelco Share Discussion Threads

[daw2] 26/5/2010 14:11

Sirmark I really admire your enthusiam, hope you are correct but as well as looking forward you also have to look at history of delivery.

Does anyone think that once the cash is raised it is an option to kick the useless ineffective Mines into touch and get some one else in? You might ask who, but my answer would be anyone, one of us, Paul Masterson, the f-----n Clangers. No one could possibly do a worse job and deliver less than Paul Mines has done.

You know the really sad thing, he is probably sat there thinking to himself what a great job I have done, kept the company going another 2 years and raised another £3.5m, how wrong can you be? He has used the excuse of product development to avoid actually getting out there doing the selling, marketing, PR etc, I actually think he is scared and very uncomfortable at dealing with people commercially, should have stuck to his engineering pipes and flanges!

[sirmark] 26/5/2010 13:50

Company Value

Working on the basis that the companies assets are worth (what the market is dictating today) 4mln +cash, then if the 3.5mln @ 0.00125(rumoured) goes ahead would leave 6billion shares in issue / an increased cash position of £3.2mln after expenses then the share price should sit at about 0.001597p which is pretty much where the market makers are now.

Once you couple the fact that fear is involved IE they will not raise the capital, then the share price could be of and running above 0.0020+ which isn't massive but once news of contract wins appear then the 0.006/7 & 80's could be back with us.... (if they get them...high risk high reward)


SirM

[rajstar] 26/5/2010 13:49

or has been working on something beyond anyones imagination!! DYOR

[wolterix] 26/5/2010 12:04

agree with all of that - I sometimes have the feeling PM is working on his cv... and looking for further horizons...

[runnett] 26/5/2010 11:51

daw,

I hear what you are saying. If i was a CEO, i'd not touch SEO directly but hopefully have the nounce and the resources for an IP license and go my own way (oooer that song has just popped into my head lol). Why - with a good legal team you can run circles round SEO in litigation because they (management) are overeaching their ability imo.

I'm beginning to think PM is one step above his station, a good section manager - keeping his bit steady - but not a leader of a footsie (fledgling) company.

[runnett] 26/5/2010 11:41

Induna,

Yep the perpetual cycle of fundraising is in place, in practice and very much a live. Will we ever see a share buy back? Not in my life time and i have quite a few years to go.

[wolterix] 26/5/2010 11:37

great ip?

now just need to sell the damn stuff...

:)

[daw2] 26/5/2010 11:29

runnet

no chance of a deal let alone a juggernaut, Mines has spent the last 2 years proving incapable of doing any such thing yet talking about it no end.

If you were another company / CEO would you want to deal with such an ineffectual t--t like Mines. If I was a CEO looking at a deal 1st thing I would lokk at would be the recent history of the company and the share price and announcements. What securit / confidence would any 3rd party get from Mines and what he has achieved?

[induna123] 26/5/2010 11:23

daw2 - 26 May'10 - 10:25 - 21507 of 21512


Fur EXACTLY

consolidate 10:1 then it gives Mines the scope to drop us another 90% whilst ripping us off for another year or 2.


You could be spot on with that. Issue billions of shares then consolidate, then issue billions of more shares and consolidate, ect... it never ends. As long as they continue to convince people to part with their cash, this - in theory - could go on forever. Or until somebody says enough is enough!

[wolterix] 26/5/2010 11:11

weeelll, if they get the money, they promise not to burn it as much..

only if they get it, mind, promise....

I have a feeling my kids will play that trick on me in years to come...

#21512

[runnett] 26/5/2010 11:09

The way SEO burn cash, i'm still undecided whether this is for loose ends before an anouncement, a first stage fund raise or merely a very accurate costing for something. Baffled - yep! 3.5m is not a lot for their appetite for building a bigger money pit.

I'm hoping its for completing a juggernaut of a deal which actually works - somehow i don't believe this, as the market would of got a whiff even when facing the wroung way.

[wolterix] 26/5/2010 10:57

I suppose having the £3.5 mill cash to play with bumps the mcap up, so a post issue price of 0.15p?

[sirmark] 26/5/2010 10:44

THERE WILL BE NO CONSOLIDATION

[wolterix] 26/5/2010 10:27

totally Induna.. totally..

so placing / open offer @ 0.125 - how much do they need to raise again? £3.5 mill?

2.5 billion extra shares?

round the number of shares in issue up to 6 billion, market cap of 6 mill, share price of .. 0.1 p?

[daw2] 26/5/2010 10:25

Fur EXACTLY

consolidate 10:1 then it gives Mines the scope to drop us another 90% whilst ripping us off for another year or 2.

[fur] 26/5/2010 10:21

the price could be 1.25p, and they could be consolidating etc at the same time. we will find out eventually.

[2pearly] 26/5/2010 09:44

As opposed to the success your methods have achieved?

Keep smiling JW, we're not arguing we are disagreeing on a strategy to reach the same goal.

[jwoolley] 26/5/2010 09:37

I am not going to get in an argument with you graxy....and if you think what I am doing is a "silent protest", you have no idea about me....but I can assure you, I am not "weak" or "spineless chaff".....but I tend to do it differently to you....and moaning on here, day in and day out....gets you nowhere...

[2pearly] 26/5/2010 09:14

JW what are these magical 'other methods' you talk about?

I've spoken directly with PM.I've e-mailed my concerns.I will be raising my concerns at the EGM [if they ever manage to organise one]I have e-mailed fund managers about my concerns.I am in contact with other disillusioned holders about votes of no confidence etc

My intent is not to 'scare' the management but to remind them that we are not all weak, spineless chaff that can be walked over.

You stick to your silent protest and I'll stick to my methods.At least my approach gives me some satisfaction that I am not just waving my investments goodbye without a fight.

[jwoolley] 26/5/2010 08:50

LOL....I see your a happy chappy as normal....

I for one am not clapping and applauding the "company"....but would like to change your word of "company" to the word management...!!!

But I do not feel the need to go over and over the same old thing on here....because....that is just "spineless"....there are other methods in getting things sorted....and just because you think the management read this...it will not scare them for one moment with your comments....you should be putting your energies in complaining about the management elsewhere....

Peace out...!!!

[2pearly] 26/5/2010 08:36

You're quite right JW we should be clapping and applauding the company for what they have done.

Stick around, we need a few more spineless sycophants to compliment the management.

[jwoolley] 26/5/2010 08:25

Just a few moans from you this morning then graxy....

Moan moan moan......

[vaneric] 26/5/2010 08:23

Runnet you have a very poor understanding of the green credentials of the USA, can I suggest you do some research. V.