Ellison Speaks. What Really Matters for MinRes Now?

  Рет қаралды 6,169

Money of Mine

Money of Mine

Күн бұрын

Пікірлер: 48
@b4bmm
@b4bmm Ай бұрын
If anybody in upper management in MinRes was found to do a fraction of what Ellison done at the company, they would be terminated immediately and dragged like dogs by Ellison himself in the media. It was gross negligence and it’s unknown what else has been done where the tracks were covered better that will never come out.
@trtr316
@trtr316 Ай бұрын
Matt your totally out of touch
@steviestone3968
@steviestone3968 Ай бұрын
rules for thee and not for me
@ibrahimsabouh5088
@ibrahimsabouh5088 Ай бұрын
Regardless of how sincere he was . His actions have ripped off shareholders. You can’t trace back the years and repay the shareholders their potential profits as opposed to losses from his misrepresentation . He’s a billionaire who’s stolen from small investors trying to make an earn . No remorse!
@PaulHinds-ni9hh
@PaulHinds-ni9hh Ай бұрын
The Cult of Chris runs strong. Good on you Trav, speaking the truth.
@komurz
@komurz Ай бұрын
Great work Trav for saying it as it is. Very soft Matty
@trtr316
@trtr316 Ай бұрын
@@komurz totally biased ... yeah he is a legend a good bloke. No he has ripped of shareholders for years there is alot more to come. Lets not even talk about the train wreck capital allocation. Matt... your an ex miner stick to your knitting the greatest example of a person with no ethics is ellison and cheer leaders like Matt. Travis has shown intellectual superiority and his ethics kudos. Wa is a shithole with a rip it out rape it take mentality anything goes. Personally max short min res and will continue to be i hope it goes to zero.
@BloorStreetCapital
@BloorStreetCapital Ай бұрын
Great discussion guys! Self-dealing continues to happen in the mining industry and always at the expense of shareholders. This is why so may investors, both retail and institutional, avoid the sector. Nice job Mr Ellison.
@CHEFinaVAN.
@CHEFinaVAN. Ай бұрын
Your comment around if either of your two good mates did what Ellison has done to you, you wouldn't work with them again. You really resonated with me. Yes, i believe that the entire shit show has been blown out of proportion by the general media, but you still summed up the crux of the situation. I am also interested in your speculatory view on the Onslow numbers, definitely a rabbit hole that i would be concerned about if i was a shareholder. Cracking episode gents, keep up the great work. Cheers, Jai
@anywhereroam9698
@anywhereroam9698 24 күн бұрын
I really appreciate the different PoV given by each of you. Especially Trav’s. Trav made lots of good points and gave good justifications for them. It’s food for thought for share holders. Ripper episode guys, thanks.
@haroldb6773
@haroldb6773 Ай бұрын
Chris has Matty in his pocket
@petertimp5416
@petertimp5416 Ай бұрын
“Paid for by myself and always repaid promptly”????????😮😂
@minemetmagic
@minemetmagic Ай бұрын
My concern with Minres is the truck automation, I believe these are still currently manned by Hoomans atm, when they get to that 35mtpa how many trucks will be required, what is the actual timeline to full automation, that is they can start to lower opex, if they have to staff these trucks all the way to 35mtpa wonder what the costs will be
@trtr316
@trtr316 29 күн бұрын
@@minemetmagic automation = indian drivers from eastern australia 100% correlation why they tip over on dead straight bit of road.
@trtr316
@trtr316 29 күн бұрын
@@minemetmagic no one in wa will work for min res thats well known at 50 dollars an hour. So your left with inexperienced operators piloting over 400 tonnes at speed what could possibly go wrong
@jimgeorge5116
@jimgeorge5116 Ай бұрын
Great Christmas decorations boys
@leonardredenbach7547
@leonardredenbach7547 Ай бұрын
Hi crew love your show I’m a long term holder of a few Goldie’s been checking out a miner just down the road from be in broadford Victoria the company is called southern cross mining just located some nice ground some places 500 grams + per ton looks extremely rich , my issue it’s only 60 klms from Melbourne on the Sunday Creek. Got shares in Regis we all know the issues they have with McPhillamys love to know any of your thoughts 😢Len
@cyclingstock4930
@cyclingstock4930 Ай бұрын
He has been caught and now is going to be judged, I feel sorry for the investors. I think that bad behaviour has been called out and it is time to retire. Too many times, corrupt behaviour goes unchecked due to powerful people in command and control. Interesting enough - what if it was not brought to light? Would these behaviours have continued?
@jamesm6341
@jamesm6341 Ай бұрын
Thanks Trav
@nathanAdamson-bf1eb
@nathanAdamson-bf1eb Ай бұрын
Landau 2.0.
@herbschmidt2401
@herbschmidt2401 Ай бұрын
Always bolstering “corporate governance” after there has been a server issue of trust. This gas lighting feels like theatre (Min).
@baabaabaabaaable
@baabaabaabaaable Ай бұрын
Hectic stuff fellas
@trtr316
@trtr316 Ай бұрын
Crocodile tears he doesnt care at all
@bretthomburg
@bretthomburg Ай бұрын
I agree with matty here! It’s easy to lay in while everyone else is but you have to appreciate businesses that create jobs and opportunities
@jimgeorge5116
@jimgeorge5116 Ай бұрын
Matty for and Trav and JD against…….let the fight begin…..lol
@hamishritchie6415
@hamishritchie6415 Ай бұрын
Matty backing Chris today aha
@steventaylor5283
@steventaylor5283 Ай бұрын
THANKS
@henrysun138
@henrysun138 Ай бұрын
min is hold.
@inconsequentialoriam
@inconsequentialoriam Ай бұрын
Trav, I understand your point about having a partner screwing you over but that is when you are an equal or near equal partner. When lots of shareholders have a very small part of the organisation, I assume the maths is quite different. Chris is seen and a benevolent dictator, maybe with some flaws. Over a long period of time this guy made them money and they are willing to overlook the historical errors. As for not saying sorry, I assume that they were all PR/Crisis trained so there was no mistakes. If you just ask what is the best interest of the company and the shareholders at any point of time you may have come to the same conclusions. We found x but the impact of making this disclosure or public will have a negative effect. Yes by definition it may be market sensitive but if you determine the sums involved was not material then it may be easy to rationalise. Why create a storm that will wipe a heap of cash off the share price if the impact is less that the issue in the first place. Just add it the Chris did something silly GL code and move on as everyone is makeing money. I agree with the egos buying stuff they should not have purchased but I'm sure may commentators were not very critical at the time. If only we could all make money by retrospective view. Can any one else see Gina taking Minres private for her dear friend??
@mikedunn7766
@mikedunn7766 Ай бұрын
I understand why some people are upset. But reality is , and for some with gritted teeth , that you still want Michael Jordan on the team leading. Chris and his core long serving team have a class leading history of high performance , winning and possess the ruthless killer instinct required to do so, for which they have been applauded and lorded for till now. Often human factors have it, this killer instinct has it, that they operate on and sometimes over the line of what some would call savoury or within the rules. They’ve sadly hit a perfect storm in the market for which we all are passengers and thru some rapid growth related corporate pitfalls for people to take easy aim, but we’ve seen 2015 before and as a share holder I’m buying more, as I don’t see why this share price, when the market restores and the business doubles , that this share could easily hit $100 up to $150 per share in a couple of years. What will they say then ? Let’s just let Jordan and the team get back to core business.
@peglux
@peglux Ай бұрын
You can say what you like about Ellison, but I have to wonder why super fund board of Trustees, who look after considerably larger sums of money, are arguably subject to much less scrutiny, transparency and accountability than ASX listed companies. I know this isn't what MoM is about, but I feel it necessary to mention this. Something to think about here in 🇦🇺. I think that this observation is an absolute joke.
@Dravid-2003
@Dravid-2003 Ай бұрын
Surprised at how the implications of CE's behaviour were not more fully considered. The approach to Kali Metals appears orchestrated, involving concert parties.There have been several other takeover's where CE has been at the table with other significant players and some sort of unseen understanding has been reached, without the disclosure of an overt deal. Now think about how events unfolded or a resolution was reached in WC8, Azure, NWE, GL1, etc. A bit too neat perhaps. Consider for a moment the 'lack of transparency that Trav carefully pointed out in the numbers. If Min res are so willing to manipulate, hide, obfuscate and mislead with numbers, at this time of scrutiny, what else do they know about but have not divulged. As to the CE supporters. He has achieved much, but if he was still a cowboy, either this opportunity [MIN RES] would have been exploited by another person or the margins of the other players would be fatter. CE has not discovered anything , he merely saw a gap in the market, so is difficult to understand the fan boi aspect to support of CE. Whatever else , it should be much clearer why Justin Longer was thought to be a suitable director.
@JackBlack-x6z
@JackBlack-x6z Ай бұрын
All numbers are quoted in Australian dollars unless stated otherwise. The $1,053M is AUD
@MoneyofMine
@MoneyofMine Ай бұрын
It says $USM in the first chart title. But yes it should be A$M
@peterjohn5834
@peterjohn5834 Ай бұрын
Well done Matty, loved your passion and explanation. Ellison is a legend and an extraordinary Role Model. Plain hard work and the implementation of dreams. This is pure business drive and Purpose. The complete bullshit beat up of old news from the media is disgraceful. Great job Jonas and researched approach. I suggest you look at the long term debt level and regression line before we can look at the future debt funding package. Finally if Onslow can be profitable for the last month, basically from development then we have no problems. Having customers like Bawai and POSCO is a real bonus. Trav suggest you like to take a holiday and grow up.
@trtr316
@trtr316 Ай бұрын
@@peterjohn5834 clearly you lack the understanding of iron ore metrics or the capacity to analyze this company without vested interests .
@ClintHart-x1s
@ClintHart-x1s Ай бұрын
@@trtr316 So many people like to jump on the wagon when a successful person makes a mistake. Especially the media. We should all know by now that anything written, heard, or seen in the media should be taken with a pinch of salt and the rest of it is rubbish. I'm interested to know of all the people jumping on the wagon. How many thousands of people do you pay each week, how much money do you give to charities and sports organizations, how much money do you put into the economy? In short. What have you ever done.
@anywhereroam9698
@anywhereroam9698 24 күн бұрын
Trav made good points and had good justifications. I really appreciated hearing his take in addition to the others. Good to have multiple PoV
@trtr316
@trtr316 24 күн бұрын
@@peterjohn5834 ellsion a legend ? Seriosuly delusional he has been ripping shareholders for years with the pile of steaming turd that min res is
@Paydirt007
@Paydirt007 Ай бұрын
The cult is real , how’s the bloke who didn’t sell at 80 lol.
@todd8856
@todd8856 Ай бұрын
Missing an opportunity, to be relevant. Find what means most to the masses on a daily bases. Develop a template on talking points about mining assets financials thoughts on probabilities on outcomes. Discussions between producers, developers, and exploration. Just an opinion . . .
@MoneyofMine
@MoneyofMine Ай бұрын
Love all feedback mate - we haven't touched on MIN for over 2 weeks 🤷‍♂️
@cellamare2
@cellamare2 Ай бұрын
Sounds like a pod I'd listen to Todd. What was the name of that one?
@todd8856
@todd8856 29 күн бұрын
It’s in their directors special that could be a base daily video for revenue.
@KennoKarateChop
@KennoKarateChop Ай бұрын
Same of story he thought he was smarter then the rest of us. I would dodge this company and any others he has anything to do with iam glad i seen through him earlier followed my instincts and stayed clear of them.
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