MINMET'S PROSPECTS....with realism

Orange

There is a difference between deramping for the purpose of shorting and actually calling it as it is based on history and performance.

Either you are a Board member giving a PR stint or you are ramping because you have bought at these lowly worthless levels into a company with a few £m in the bank and some assets linked to former goodies the company's once owned yet flogged off for peanuts because it was in their best interests to do so or were incapable of actually managing those assets. Remember the average salary in the Irish office exceeds £50k per annum, including finance, administrative and support staff. That speaks volumes doesn't it.

The share price now reflects the consolidation and as with our shares the recent 15% drop should be multiplied by the consolidation figure, showing a massive plunge, albeit made to look somewhat less damaging than before the consolidation. Then you begin to see that the consolidation is playing into the hands of the Board, shareholders have been legally conned out of their shares and the MM's, on no volume whatsoever and no appraisal of the current activities available from this shambles of a Board, are more than happy to continue walking down this miserable share price even further. Who on earth would want to buy a single share?

I detest derampers and rampers alike, but many guys here that I once detested and told them so, have managed to open my eyes to what has always been the agenda and I was too stupid to realise. And there is little anyone of us can do to prevent it.

Work out the value of the company in share price terms. Bear in mind we know that Rolf Nordstrum still holds shares and his son has recently purchased 13% of the company as well as more added by one of the directors recently. Add those shares to how many the Board are likely to hold and what they have done to the shares in circulation. Think about it. My guesstimate a few weeks ago was probably right, it would cost less to buy all the shares out there left that the Board didn't own than the dosh in the bank and the current market value of the share allocations in the sell off companies.

It is not rocket science. This is a scam, make no mistake about it.

AIMHO

Beau