Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Maybe so but after residing over a 60% fall in the share price the trust isn't there anymore, why should we believe the reasoning
If you read the full results you will understand what the funding is for :-)
For me this is a solid reset. If anyone has done any research you will see Jim's got a good track record of realising value. In addition the move away from transactional work is a good news IMO
O Prosecco. Perhaps the other one is the Spanish version
Neither do they! A new banking platform? I thought they already spent a shareholder fortune upgrading. Looks like they are chasing a train that left the station 2 years ago. The original founder leaving with Covid and selling all his shares on the open market told me everything I didnt want to know about this company. An utter disgrace. Champaign Charlie will definitely be on Preseco for the rest of his natural. Thoroughly deserves it
Took a load at 41p. Regardless of what you think of this company, the placing is only 10% new shares. So in theory should get back above 45p fairly quickly. Maybe even 50p. Easy 20% on offer today.
A placing?? The last thing expected. We've been told how profitable and cash-generative AGFX is and the full year results, also released today, say the company has £18m in the bank as at 31/12/23. If that isn't enough to "spend on growth" then I'm seriously doubting AGFX's business model. Damn, I keep picking lemon companies.
Sold out on the fall and glad i did, i'll be staying out this time i have no idea what they're doing
Same. Dont understand why they aren't using cash in bank for funding of whatever it is they want to do with it, instead of diluting us.
At least its only 10% new shares, but begs the question why they couldn't have got this away a little higher. It raises £5M before expenses, which isnt much. They claim to have £8M in net cash. Seems to have been handled badly, letting the price get so low. As for the sell off and Rockwood, seems everyone knew except us. Certainly an aspect to consider here is investor relations.
I am not 100% sure what this money is for?
I stand corrected divi scrapped
Little bit of fwd selling, hence the stake reduction the other week. Can now buy back at 45. Nice if you get the inside track
Results are slightly ahead
Funding to accelerate growth
Divi remains
I like the new focus, the SP is washed out anyway at this level. I see this as the start of the recovery
Is this a joke? The sp is 60% down in a year and they want to do a placing? Very poor show here.
Poorly run business. Not sure what to do with my loss here.
Thank you for your enquiry.
The results will be released on Thursday 2 May.
With best wishes,
The Argentex Team
Thanks @petrencf
Some more large buys way above ask..
CEO stated in the update published on 30/01/24:
"We will share our plans for the business with investors following the publication of our full year results in April and after we have completed our strategic review".
Well, today's the last day of April and there are no results yet. Why the delay? Market hates being lied to.
I have emailed them this morning, av11.
@petrencf Could you provide the source link please? I couldn't find the info on their IR page.
They cant take this much lower. Who ever is doing this, isnt doing it to sell a lot of stock. Some kind of manipulation.
Wonder if it is dragged down to make a low offer look good?
Results are due on the 2nd of May according to IR!
Me too volume remains low, but is constantly marked down. Feels like a worst case has already been costed in
In the January update they promised publication of the full year results in April. So, tomorrow one presumes? A share price decline in a leaky company leading up to Results always makes me nervous...
Lol, ive ended up with way more than planned. But its a turnaround story for me. Lets see what the latest results are and if we also get any output from the strategic review
Fair chance the sale board will be raised IMHO. I dont read to much into Rockwood, as they are an active fund its year end and have also kept hold of 5m
Wonder if Rockwood, knew that there was going to be forced seller. e.g. one of the founders or something. So they sliced a bit to trade it lower? There has been a few buys as well, I took a few at 46 and been watching it carefully. Though admittedly its a failing trade now.