Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Check company house.
They sold quanta for 600k
I am pleased to say I hold just over 1m shares. Still showing a loss but with an average of just over 0.52p so not far off break-even. Mcap of £2.17m perhaps a bit high at this stage if they decide to do a placing to inject funds directly into the company. However I look at Litigation Capital Management as some sort of comparable company for what Forbes might be a couple of years down the line and that has a current mcap of just under £69m!
Had a quick look at INX. Seems to having to make some tough decisions on its future if I understand its current position corretly.
Those 2 large buys have put a lot of faith into this company. Wish I had the money to buy more.
I only hold 300k. Gutted
Have a look at inx peter.
I think they must have institutions lined up to supply the loan notes to the fund.
Yep I hold and have added for past 2 years
No idea. I’m adding more soon.
Wonder where the mms got the shares from? Perhaps they have had to borrow them?
Are you still holding wressmycase? Guess you are.
Very interesting those two large buys out of the blue.
It is going to be very interesting to see how they finance the new business in Malta. To date as Forbes has no funds it has been financed by lending from MEGH the holding company. Will they seek to raise funds do you think?
Interesting. 2 large buys
Some news from Allica Bank in which Forbes hold a small investment https://financialit.net/news/banking/allica-bank-appoints-richard-cameron-head-asset-finance
They now operate business savings accounts as well as offering finance.
Not sure what Forbes will do with their investment but might produce some cash if sold towards the costs of setting up the securitisation cell in Malta, which I understand is on track for commencing in the next few months.