Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think you maybe right Tincan, I would be surprised if he is finished buying.
I think our buyer is still about , but the price action was giving too much heat here , so like fishing I think a little wait maybe required & the buyer will return! Gla
Mind blowingly boring tho but look forward to good news in part, but not all to shut up the *ickhead trolls who visit here. I mean what's the point, they are uninvested and just want to be a pain in the arse. Obviously too much time on their hands. Volume died a death here and our large delayed trades have all but stopped, what's the Calgary guy up to??? Waiting for the price to slip before hoovering up again? Personally I believe we have formed a base now in the 4's and hope we can re visit 8 again asap.
Hi Phil, I get your point with the going concern tests and additional funds. But these are all 2022 activities and shouldn’t be holding up a 2021 year end report.
My view is they are absolutely holding this up due to the company statement on activity.
I also suspect an NDA would be in place if there are significant talks taking place, but this would not stop a generic statement such as “we are involved in discussions with one or several companies regarding a farm out or buy out.” Or words to that effect.
Unless there is a gentleman’s agreement to keep a lid on this to stop the sp blowing up ahead of the announcement.
It’s all guesswork but something here is fishier than my exes Y-fronts (which is also the reason she’s my ex).
ATB
.....just to back up my point, taken directly from the half year results 30th Sept 2021..........it is likely that additional funds will be sought before the end of January 2022 in order to meet licence and working capital needs and in order to meet the "going concern" tests of the 2021 year end audit.
In reality as we now know that cash raise was not completed until early April it is therefore difficult to see how the going concern test could have been applied much before that date.
Hi Phil, slightly disagree with you. firstly the final results are for last year ending December 31st which are always shared with its shareholders in April (give or take a few days). The board only had to satisfy the FI authorities as per this RNS
"As part of the approval process the Company will have to demonstrate that it can meet its financial obligations under the terms of the licences" and as such this had nothing to do with end of year results.
The strange things we cannot escape from are (in no particular order)
1. Why did the FI consent to a licence extension before the subscription offering? Its never definite that a subscription or placing would be successful.
2. Why is our new Calgary investor buying and stakebuilding?
3. Why really are the final results late, is it because of the CEO and Chairman review of all things up to date and outlook going forward? And if there is a delay, is this because something new is being processed that cannot be excluded because its very relevant but also cannot be included because it's not finalised?
Final results are a given, done and finished because its last year's business, company up to date review and outlook is obviously not......
Im not concerned about the delay in the results, they were always going to be delayed because the cash raise was not completed until 9th April, as I have said before one responsibility of the auditors is to apply the going concern test, they could not complete that until after the cash raise or the company would have failed it. I am not necessarily expecting news of a done and dusted deal with the annuals, although it is possible, what I am expecting at the very least, and bearing in mind our canadian friend has been stake building, is confirmation that they have re engaged in serious farm in discussions with at least one or two interested parties. As I have said before if there is no appetite for this now, there never will be, and remember there was interest in the dim distant past pre 2014 crash. Just my opinion.
Even the company website states the figs due in April.
Hi RG, I can’t see it going to 2p any time soon, unless the eventual results update doesn’t have any mention of farm out or TO activity.
It’s the statement on activity that we all need to see, so I expect the price will hold at 4-5p until then.
Must be close to a 7% holdings RNS.
Aren't you forgetting Mr Calgary is stake building. No news is significant, imo.
Still no news here? I think this will fizzle back to 1-2p soon. nothing to substantiate the rise since January.
No you are missing the point. Full year accounts need to be filed end of June latest, final results have always been given end of March or April every year apart from twice since their listing|( and that was May). I am not interested in the financials but the review and outlook by the CEO and Chairman.
Gus0
So you would discount an obvious reason in favour of a rumoured reason. OK, let's wait and watch.
Secret- what's that got to do with it? It was 6 months from year end last year and the board still posted the finals 14th April?
Its always last week March or April (apart from 1-2 other times) So they are late- well late.
Year end reporting rules have changed. It's six months from year end now, not four months. So it's now due in June.
The final results are indeed very late and the financials will be until end of December 2021 and include boring stuff and things we already know. However I do wonder if it's being held back due to backroom dealings that would affect the Chairman and CEO's review and outlook within the finals, do they let the cat out of the bag in their review or sign the deal before posting the accounts? Possibly a bit awkward for them at present, hence the delay.
I agree Anth it has got a bit tedious the last 2 weeks since that afternoon when we hit 7p. Decided whilst waiting for RKH and BOR to announce next bit of exciting news (and one will spark the other for sure) to have a punt on Predator Oil too!
Just venting as I’m getting increasingly bored waiting on the annual results being posted.
It’s the usual head in the sand tactic from our BOD instead of letting the investors know why we had a 1000% sp increase in 4 months !!!
At this stage I don’t even care what the update says, just break the friggin boredom ffs and tell us something !!!