Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Can only trade the MF once a month.
Trek, I agree with what you say about how it will attract people to the MF by being a nice little margin above their offer price.
One thing I’m not sure on though and I’m going to go away and read it again, is that I’m not sure people buying in to the MF can sell up early doors for a quick percentage. I seem to recall quite a few things in the Leno document basically saying investors are in it for the outcome of the drill and all what comes from that. I’m sure there are words in there to the effect that there is no other real market for the shares, no audience to offload them and as in a similar way to some other funds the Manager can prevent withdrawals.
When they are in, they are in. I think.
The Soon to be bid 2.2 sp 2.3 ask 2.4 range imo. That gives MF a 10% start and should accelerate any late comers. I expect a MF RNS of sorts, purely because we had one to say it had been kicked off. Question then is do the sophisticated investors bail for 10% ish? I doubt it and even if they did the stock should be soaked up as that’s when the newsflow should really begin. Also expect to see a continuation in volume now as the higher it goes the more likely the MF is to be a success and imo less likely it is for them to grab a quick buck as the market is expecting news. Lots and lots of news. I expect a few of the RNS’s have been drafted and can’t yet be released as they are not finalised, well obviously else they would have to be released but I am just hoping our BoD are getting a little more streetwise after a few years of rest! Time to deliver coz let’s face it a 46m MCAP is huge for FA bar a few licenses that on the face of it no one wants to farm in to. Newsflow needs to be thick and fast after the 7th else the market will be brutal and those MF investors can quickly become psd off. For comparison look at the valuation TXP, 45m and what they have achieved and are producing. I now have way more than a punt in here but still maintain what I think is a balanced view of the risks. As always DYOR and expect the unexpected up or down.
Trek
22/01/2020 16:10 461,361 2.168
22/01/2020 16:10 15,455 2.168
22/01/2020 15:57 149,226 2.143
22/01/2020 15:46 22,505 2.182
22/01/2020 14:46 91,367 2.184
22/01/2020 14:42 44,882 2.184
22/01/2020 14:30 100,000 2.184
22/01/2020 14:06 18,227 2.195
22/01/2020 14:05 7,000 2.15
22/01/2020 13:01 57,843 2.115
22/01/2020 11:41 186,593 2.137
22/01/2020 11:05 1,000 2.085
22/01/2020 10:47 10,843 2.085
22/01/2020 09:49 330,145 2.117
https://www.nexexchange.com/company-all-latest-trades?isin=IM00B3NTV894&listingtypeid=PLSU