Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Maybe RY can give us an update via interviee just like he did when he wanted deal to go through
Jezzac
So what about this one, we going to pass the finish line?
JEZZAC
Likewise.
TDT
fwiw Ive never been shafted by any Russian company but ive been shafted many times by AUS, CAN, USA and UK companies.
But not necessarily any safer for PIs.
TDT
Someone will pick that up on the cheap, the point i was making aus, usa and canada safe jurisdiction for western companies..
I wouldn't get to fixated on Canada as some sort of promised land. Take a look a Pure Gold. Hyped by management most of whom sold large chunks of shares before it all collapsed. Touted as the next big think in gold mining with spectacular grades and big names on the share register. It all turned out to be smoke and mirrors.
That's mining for you.
TDT
Sorry, I meant North America as a whole. Canada would be great too. Going to be fascinating to see what he can come up with as the metals markets are in such a lowly state just now. If he can line up purchasing a license with the right product at the right time then there is life in this old dog yet. But please, get that money in the bank before Chrimbo!
Canada is good also..
What ever the plan is going forward that RY comes up with I hope it won’t be anywhere near Russia! Ideally Australia or the US as those are the safest jurisdictions.
Come on Robin get some news out please!
Dont think Svidlov will allow the delay.
They need a bank to accept barings money, surely there must be some banks willing to do business.. gone on far too long, sort it out.
Roger i too saw that statement in rns, RY must be crazy to put that in if he wasnt confident the deal will go through..
Then perhaps the banking issues are already sorted and it’s trying to put some kind of option for the future in front of share holders that’s holding things up. Wouldn’t put it past RY to deliberately hold it up now. He does love his gravy…
IWould think we’ll be told what’s happening when Robin puts together the sales pitch for the next venture(reverse takeover) he’ll want to do the payout and venture news close together to drag along as many as possible.
For sure they’ve known what the plan is for a good while.Expect we will be the last to know.
MD
Are people here worried this transaction won’t go ahead?
From the recent RNS : We look forward to updating shareholders once the banking restrictions are successfully solved.
Hopefully this will be done before Christmas!
Big sell at 8:18am but far bigger buy (delayed transaction) from just three mins earlier. If that’s a genuine buy then someone is confident of making a few quid here. Is Robin going to turn out to be a Christmas Robin after all?
We have our frustrating days with Amc …….Priceless!
MD
We have our frustrating days with amc but svidlov has been doing DD well before the war, he was prepared to pay over $100m for the project. Everything is on sale in russia now, he wont allow deal to collapse imho they have to find a way to get money into amc bank.
Its interesting a rto can add significant value, they can pick up a private company pay some cash and issue some shares to them.
Can easily be 10m-20m mkt cap company.
Make us believe again RY, get our money out of Russia asap.
That’s how I see it playing out too TDT.He’s sorted for another 12 months so the money will most likely come through euro clear fairly soon and miraculously arrive in the bank.Then we’ll see how long the admin takes to get to us.Hey ho
MD
A share consolidation is perfectly possible but I'm not so sure a placing to raise funds will be needed. The 200m additional shares to cement an RTO and the $10m+ left in the bank after the divi payment to prove up and develop the new project. That's how I'm expecting to see this play out but who knows. We'll just have to wait and see.
TDT
Robin will likely allocate all the shares to himself as an option at a price of something around 1p so that he can make himself a swift mil from the dividend.
imho
maestro1
Agreed.
TDT
I think investors are reading too much into this, every year directors ask for potential share issues.
There wont be any rto until KM has been sold and money in bank.
This idea of a potential share issue before disposal of KM is a myth. There is nothing out there to suggest they're going to do this. On top of that, if it were proposed then despite the poor turnout at the AGM yesterday, I'd fully expect enough PIs to vote for an EGM and for RY to be given the order of the boot.
As for a consolidation of say 1 for 10 for example it would reduce the shares in issue down to 139,287,231 and the recently authorised share allotment down to 20m. No need for a new share authorisation since we've already given the BOD authority to issue 200m. A consolidation would simply reduce that by the chosen ratio.
TDT
You do know they have $5m in bank at the moment.
Russia authorities have given the go ahead for sale its just getting money into western banks.