Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ok I get this thanks....
New tr-1 holder, Paul mckillen.
Greg there are huge holes in your logic !
Firstly people screw up and you cant compare 1 share with another. Just look at Neil Woodford for example, 100's of people worshiped at his altar said he could do no wrong said he had made millions and preserved peoples capital during the dot com bust. But look what happened. I want this to succeed as I am not accustomed to chucking £10K in the dustbin but I have to add some balance to blind faith .. And also I dont see where you get the 12 months to get the RTO figure ???
TBF if you bought 3p and above it was a gamble but at 0.9p it wouldn't be much of a loss at worst case.
I could afford to lose £70k which roughly equated to 7m shares but the level of risk would not support this, I have around this sum in several other investments but none as unknown a risk as this.
Boom, you should be getting some ZZZs, you've got a big day tomorrow.
There are some nutters on twatter
https://mobile.twitter.com/Meister61640463/status/1404770313079033858
It’s gamblers anonymous whether you have 700k shares or 7 million shares..
If it’s a gamble, it’s a gamble.. you invest relative to what you can afford to lose.
Not really a binary bet is it. They actually have 12mnths to get RTO 6mnths listed and 6mnths in suspension. If no RTO then £6m fundraise for Investing company within the 6mnth suspension period. JN's calibre virtually guarantees the fundraise. Investment company here is not the end of the world as just look at the meteoric rise of his AAA which is going to £2 or for those in the know $2. Even though RTO is actually provisionally done here.
How much someone puts into a share is upto them. IMO
This does require nerves of steel as it is totally binary. I have around 700k shares thats enough for a punt like this. When I hear of people putting huge chunks of cash into similar shares as this, I think 'gamblers anonymous' !!
I had FOMO so couldn't help a top up before the bell! It's pretty tough holding your nerve here. DYOR GLA
Expect break out pre rto news , I'm anticipating suspension at 1.5-2p level
TR1 holders could well be adding but unless they cross the next unit percentage increase then no further TR1 needed. In theory someone holding 5% wouldn't need to notify the market until they went to 6% or bought another 4.5m shares.
From RNS 12th April "Since becoming an AIM Rule 15 cash shell on 5 January 2021"
So the six months rule is on or before, which makes 5th of July.
Would anybody like to clarify the end date, 6 months from either the 5th Jan or 28 Jan which means we have to the 5 July or 28 July re reversing into a company