Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Maybe, It still surprises me that with their natural resource expertise, and their network of contacts through arlington, that they haven't gone for something in the copper/lithium/cobalt/nickel space, or even graphene... We're really at the start of a paradigm shift in automotive industry technology, that will likely continue for the next 50 years or so. The demand for all of those materials is going to skyrocket over the coming years, with Britain and France making the first statements about banning sales of new petrol/diesel vehicles by 2040, how long will it be before the other major European countries follow suit? Not to mention the other continents. P,us that's not the only industry that will see huge change -housing, wind power generation, and so on and so on.. I don't think people quite see just how big the bow wave of momentum demand for these commodities is going to become... L.
I mentioned Circum to them a few years ago. The board were aware of it but at the time I was told it wasn't an option for various reasons that I can't recall without checking back through correspondence. However, things may have changed. PREM may also be looking to separately list ZULU potentially which again would be good here. Hopefully we will have news on something sooner rather than later, PREM related or not.
Frustrating really, but then again, with on,y an annual spend of £35k, another 3 years of waiting will hardly dent their bank balance, nor their mkt cap either... L.
The BoD at Auct aren't to keen on rto's, unfortunately... from what I understand, it would have to be a rock solid opportunity, and one that requires a lot of funds, they'd likely shy away from.. They seem to talk a lot about due diligence, but I wonder if they almost set the bar too high.... L.
They are waiting for the right opportunity to come knocking on the door, three years now, see George roach of prem is desperately buying shares in circum a privately owned potash company worth billions but in need of funds to produce it, now that would fit a reverse take over main market listing and away we/they go. Perhaps we should give them the nod. Wishful thinking I know.
Who knows, Half year report... http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AUCT/13326675.html Good cost mgt again, but still no news... Time for new mgt?, new ideas, new vision perhaps?. L.
from auctus ipo coming up on the 22nd expecting icing on the cake or is that to much to ask?
And with another 1% of the stock purchased in last few days, this stock going to get squeezed before too long, specially with over 30% in director's/funds/ other lth'ers hands too... L.
well thats two of us now in the room lets hope it fills up in the next couple of weeks, see some one else has just taken a small wager.
Good to know someone else is invested in here. Was beginning to think I was the only one. Given the relatively tiny volumes traded over a long period, my guess is that the majority of shares are actually in the hands of long term holders. All the directors and funds and founders, and the placing participants, got in at around the 50p mark, so it's unlikely anyone will be selling, especially given how tightly they control cost. There's a real sense of wanting to use their cash for some sort of deal. After 2 years, perhaps something is finally in the wind... L.
just bought a small amount the speculative buys are much larger, got a feeling some are in the know here, its been a long wait but have a feeling some thing is afoot and we might hear something in the next few weeks.
Another buy at full ask L
Might help if I include the link of course http://www.auctusgrowthplc.co.uk/wp-content/uploads/2014/07/Prospectus-Auctus-Growth-plc.pdf L.
Super, Since I was there and you were not, I'll let Auctus BoD decide whether any of what they said during the meeting could be construed as sensitive or not. I personally don't think there was, but I just want to be sure Interestingly, I was reading through the original prospectus. All the founders, directors, and hnwi all got in at 50p. Illiquidity aside. No wonder no-one really selling. No-one will be making a profit at this level... L.
They will have said nothing. They really are not that stupid. Any announcement will be made via RNS to the wider market.
They will have said nothing. They really are not that stupid. Any announcement will be made via RNS to the wider market.
Hi, Yeah a done deal would be nice. I've played back a summary of the conversation I had with them to find out if there was anything they'd object to me restating in a public forum like this. (I.e. Want to make sure nothing they said to me would constitute contravention of insider trading/market abuse regulations), and am just waiting to hear back from them... L.
A done deal? Were you the only one at the AGM? Thanks for the feedback. Was there any nibbles and drinkies?
Still surprises me how much under the radar this one is. Clean shell, mkt cap less than cash assets Directors waiving salaries Main market listing so no timescale restrictions on doing a deal (unlike aim) Directors with natural resource sector and rto/ipo experience 30%+ in directors and lth holders hands Small free float available What more do people want from such a cash shell? L.
BoD were surprised anyone had turned up to it. Good to meet Charles and Ross though. Also interesting to hear a little bit of the background about how Auctus came into being. The focus on running the company on the absolute minimum cost base that they can, plus waiving salaries and so on, and the fact that as a cash shell, it's £1 million plus funds is still ahead of its current market cap, aside, (oh, and let's not forget that is has a main market listing rather than an AIM listing, so as a cash shell, it does not seem to have the same time restrictions applicable for finding the right deal), it is very clear that the BoD are acutely conscious that considerable time has elapsed since starting their journey of finding the right opportunity that they can direct Auctus funds at. Charles certainly seems to know his stuff, pointing out the vast majority of opportunities that land on their desk tend to be "average" ideas with problems attached that those individuals are hoping to dump onto Auctus to solve. I am more confident that the BoD are holding out for that genuine opportunity, and given the BoD's background and experience, I am now much more convinced that they will uncover the right deal for Auctus shareholders. As to how long that will take, we'll that's any body's guess, although naturally as one would expect, the BoD would have to remain tight lipped in order to avoid insider trading and market abuse regulations. Rightly so... So, whilst I am filled with greater confidence about their ability, focus , commitment, strategy and vision for Auctus, and am therefore happy to accumulate more stock whenever I have an opportunity, no juicy tidbits about future activities... sigh..... Guess I like the rest of AUCT shareholders will just have to wait until we see an RNS.. L.
Anyone going? L.
Very true. Agm couple of weeks away. Might be a good time to try and find out what is going on. There's eval and due diligence, and then there's eval and due diligence.... Interesting that the directors seem to have considerable pedigree, in the natural resource sector, and in ipo'/rto's, which begs the question, why is it taking so long to find something to invest in... L
There are hardly any shares to be had so when the buying starts, it moves very quickly.
In a nutshell its a main market cash shell with approx. £1m in the bank. The IPO was done in August 2014 (the document is well worth a read). An acquisition nearly happened about 12 months ago but that would have taken us of the main market and onto AIM. In any case, the acquisition was aborted by the BoD and the associated costs were paid by them. As far as I know we are still looking for another target with a few being considered. The AGM is at the end of the month i think. So we are still waiting for an acquisition but have a credible BoD in place in my opinion. I think that just about sums it up. I have high hopes that they will pull something spectacular off and its main market not AIM.
going on here, anybody know please?