Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
11:57
Conventional wisdom suggests that unless you can consolidate on sustained good news the share price will falter after a consolidation because the market generally takes a negative view on share consolidations.
If people are pro the idea of a consolidation because it will mean the negative posts here about the number of shares in circulation will cease then wait for the harbingers of doom because we have consolidated. :-)
Skippy, that was always my thoughts, however it has been pointed out many times to me that this is a simplistic view. You may consolidate 1/1000 but the share price rarely matches the multiplication. I personally dont care if we reach 50B or more if the company turns a corner.
I don't understand where this narrative that SP consolidation makes any difference to your holding. You end up with fewer shares in hand but the overall value of the shares will be the same. So it really isnt important and would be a complete waste of company time right now.
BromBarb, thanks for the instructions, I have contacted my broker to ask how to vote on the resolutions. I hope that they will send a form or make it as simple as possible.
As for consolidation, without trolling through multiple posts I am sure that AG said they would discuss it at the AGM as a number of people had raised it with them. It may not be a resolution but I hope they at least reference it.
01:21
Consolidation is not on the AGM agenda ( at least as far as I can see).
https://clients3.weblink.com.au/pdf/88E/02790292.pdf
remember that voting is easy via most UK brokers (if HL is an example) , votes need to be received by 4:00PM 8th May,
so need to be with broker earlier.
No reason voters can not not just vote now.
"United Kingdom (CREST Voting Instruction)
DI Holders in CREST may transmit voting instructions by utilising the CREST voting service in
accordance with the procedures described in the CREST Manual. CREST personal members or other
CREST sponsored members, and those CREST members who have appointed a voting service
provider, should refer to their CREST sponsor or voting service provider, who will be able to take
appropriate action on their behalf.
In order for instructions made using the CREST voting service to be valid, the appropriate CREST
message (CREST Voting Instruction) must be properly authenticated in accordance with Euroclear’s
specifications and must contain the information required for such instructions, as described in the
CREST Manual (available via www.euroclear.com/CREST).
To be effective, the CREST Voting Instruction must be transmitted so as to be received by the
Company’s agent (3RA50) no later than 4:00pm (BST) on Wednesday, 8 May 2024. For this purpose,
the time of receipt will be taken to be the time (as determined by the timestamp applied to the
CREST Voting Instruction by the CREST applications host) from which the Company’s agent is able
to retrieve the CREST Voting Instruction by enquiry to CREST in "
https://clients3.weblink.com.au/pdf/88E/02790292.pdf
Kelladee, not my desire but I think it's inevitable, and if so I would rather sooner than later. Clear the air and hit bottom so we can work on a better average
What a mess this share is, the BOD got in rather quick to keep the lifestyles which they are used to. nowt happening for another yr, I did ask this Q, whens drill etc, oh dear couldnt write it, shocking share
09:47
See what you did with the header :-)
Not sure if "badly down" reflects actuality in fairness.
Seems to be quite a few 5M buys sneaking in last few days someone building up at these prices
Following the "transformational" news trumpeted by rampers
Taximan57 - Your desire to have CONSOLIDATION I would suggest that you have never experienced it. NO CONSOLIDATION.
K
I think that gives us 28.9B shares, not quite the 100B mentioned on here, fully funded for more than 12 months, next Namibia payment paid, and income from Longhorn. All we need now is a buddy with deep pockets, for Leonis and Phoenix.
Consolidation may be next but lets do it sooner rather than later. AGM decision.
Miner4... is it the full stops that are dramatic, or the extra circa 4 billion shares from the capital raise hitting the market at 8am that is dramatic.
The consolidation will be even more dramatic-er when it comes, Im quite sure.
And good point, Olderwiser...
Anyway, lets see what 8am brings.
This is useful to compare 88e
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
Worth noting
There are two issues today, one for the Namibian farm in partner Monitor, and the other the capital raise, all raised at .003c AU, in total 3,768,609385 shares added to the market today
https://clients3.weblink.com.au/pdf/88E/02798807.pdf
Number of +securities proposed to be issued
3,291,974,839
https://clients3.weblink.com.au/pdf/88E/02798809.pdf
Number of +securities proposed to be issued
476,634,546
7C.1 Proposed +issue date
1/5/2024
Are. The. Full. Stops. Added. To. Make you. Seem. More…Dramatic?
They don’t. They just highlight what a tool you are 🙄
Might someone give an indication as to when the 3.5 billion shares from the placing that wasn't supposed to happen as 88e were 'fully funded' are due to hit the share register, please?
Was it 1st May...? As in Wednesday 1st May.
Pretty sure that is what the rns stated.
Three. Point. Two. Nine... billion.
Yup.... Billion.
Consolidation, anyone?
Nice one Mad
Hi Taxi,
Yeah I'm at work so it was a bit of a rushed / unclear message. I'm a medical technician and it's a bit of a crazy one today.
ATB GLA DYOR
MadEnglish, yes I do recall that but thought they would end up with 8%. Still puts them 3rd largest shareholder.
Robert Bose, principal at Charlestown Capital Advisors in New York City is also president of Sintana Energy which might explain your comment.
Yes Taxi, Challenger got a hell of a deal with Chevron and now have Charlestown on board as a 10% shareholder, just put up 1.5 million. Charlestown are NY based and are the guys that put Sintana on the map.
ATB GLA DYOR
Chevron also bought into offshore lease belonging to Challenger Energy (CEG) in Uruguay so there are companies out there still prepared to invest in leases.
Saw today that GBP one of biggest risers, rise seems to be based on fact that Chevron have agreed a deal with Namibia's national oil company.
Important to note that Chevron have bought into an OFFSHORE block, we are inland .
https://finance.yahoo.com/news/1-namibias-namcor-signs-deal-073628319.html?guccounter=1
2D planned H1-2023.
11:12
Thanks for explanation.
10:19
Copy paste of my 88e screen data at close, my platform sums both trading floors ASX and Cboe
Open
$0.003
Prev. Close
$0.003
Volume
37.34M
PE Ratio
0
Market Cap (M)
75.37
52 Week Range
$0.003 - $0.009
VWAP
0.00336
Dividend
$0.00
Dividend %
0%
Intraday Range
$0.003 - $0.004
08:28
Longhorn
Latest company presentation
" Net 88E cash flows of ~US$3M expected in 2024, provide funds towards exploration and appraisal."
https://clients3.weblink.com.au/pdf/88E/02796243.pdf
page 22