Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hope you get rid of !
I'm Still a shareholder of a value of 2.4p, about the same as the company is worth TBH
Lost a lot, It was making me Ill tbh hoping for news, BOD past and present don't give 2 hoots about you me and new PI's, how can they the BOD get a process so wrong when they have done it time and time again but get it wrong!! To Buy TIME !! shouldn't you learn from mistakes, The RNS makes no difference in my decision, how can you trust guys with your cash time and time again when they are amateurs, we dont know them there all millionaires living in huge houses off lies and deceit, Rinse and repeat to the next set of mugs, I'll forget the guys involved..
This requires stopping on AIM full stop, We wont roll over like they think we will, its nearly 2020 all evidence out there !
Must have been a difficult decision jaffas, with YA still to off load £1M worth and that amount of shares is increasing daily with the decrease in SP. Wouldn't be surprised to see SP 0.5 before anything Angus can bring to the table to give any kind of hope. good luck.
Only hope would be a third party showing intrest. Even that may well be the fial curtain for the P.I.
ace, cheers
I saw your post at the time, jaffas.
I didn't say anything, but, as you can appreciate, I didn't agree with your decision (but, of course, it's your money and your decision!).
If I remember right, ANGS's RNS came out a bit later. Personally, I thought their RNS was welcome and positive.
I wish you all the best, too.
ace
I've still got 3 shares i sold over a million on fri. For over a 90% loss
YL,
You won't be surprised to hear me say that I don't agree with you, but I do recognise your sincerity.
You say you have written off your investment and, given your opinion of ANGS, you are not looking to reduce or recover your losses by buying back in again or averaging down.
So I'm not sure I can say much else than to wish you all the best.
Agree this will require more cash ! The bod deserve everything that comes to them.. only RNS fri late because it was down 22% and 8 day before mcap drowning this share is worh nothing at all..bod to blame 100%.. millions they have cost PI's..
Ocelot,
I've never been a cheerleader for any company - although I may have defended my buying decision and "reasonable" hopes for good outcomes from time to time - both here & elsewhere.
I always "try" to take a rational / balanced view but understandably I freely admit to getting rattled from time to time - especially when I come across half truths & fabrications being spouted on here.
I dislike shorters and swing traders talking down a share just so they can buy back in lower, just as much as I dislike rampers hoping to hoodwink a few newbies to invest - whilst they cash out themselves on a false spike... I view that kind of behavior as immoral!
Whilst I understand some current underwater investor's hostility towards negative posters here, there really is "no smoke without fire" and Angus only have themselves to blame for this. It comes as a direct consequence of their appalling mismanagement.
Regardless of looking in the rear-view mirror, and based upon their very latest FAILURE in their planning submission... it would appear that NOTHING HAS CHANGED or is ever likely to - so long as Lucan, Tidswell & chums are in the driving seat!
Here are four more predictions for you to fact check in a few months time:
1) Balcombe planning WILL be delayed and may not even be granted without further re-submissions / site work and written assurances.
2) Saltfleetby will cost more than anticipated, take longer to complete reconnection (if allowed) and - even then -turn out to be less commercially viable to operate.
3) The BOD will have further nasty surprises and manage to dig up yet more skeletons between now and then.
4) The SP has further to fall - long before it sees any realistic chance of sustainable recovery.
This is not negative spin to enable me to get a lower buy-in (I have already written off my investment here) this is me being realistic about the prospects of a serially incompetent management proving themselves capable of overturning their impressive record of 100% failure!
On the day of the Brockham RNS, 28/06, the share price low was 1.25p and the close, 1.425p.
That RNS is now 4 1/2 months behind us.
The time is approaching when the share price will cease to be absorbed by the rear-view mirror and, instead, focus on the way ahead, Balcombe and Saltfleetby.
The catalyst will be WSCC Balcombe approval on the 7th of January. Hopefully, Angus will sort the EA issues out on time. Mobilisation of testing gear to site and subsequent testing should create interest hopefully strong enough to clear the Convertible out and lift the SP.
I hope Angus doesn’t screw up this time and sorts the planning approval out. They did say in the RNS that no delays are expected, I hope they are right as I need an 8- bagger from here to break even.
Given the current MCap, seems fair to say there is significant upside potential. Short term I would expect EA accepting revised plan, Balcombe planning approval granted and equipment moving to site, plus update on gas feasibility study. That in place should be enough to bag from these levels.
Longer term I don't think folks appreciate how substantially undervalued the MCap will be if either the Balcombe produces close to the conservative estimates OR Saltfleetby lower-end estimate is reached.
IMO high reward with a favourable risk. Here's hoping for Q1 production...