Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Scrap that, maybe it's a Bed and Isa...
Looks like massive sells which have gone through...
I'm still holding, I think that should answer your question.
Mr Magorium,
And which one of those based on where we are is the most likely. Am not sure holders are in the strongest position to turn down whatever price they offer?
Fiinu has a par of 10p per share, and a company can't raise below that without going to the shareholders to agree the specific capital structure changes.
Even a reduction to a 1p Par, and a placing at that level would yield strong support for anyone invested at this level, as this would be a recapitalised business, with funding to apply for its banking license.
IMO, best case is a buyout or succesfully structured placing.
Worst case, is sale of operational business to founder, and a cash shell left to current shareholders.
With no news to stop the slide, it will likely test the all time bottom. That's around 0.53 so might dip just below as the last remaining abandon ship.
Sell now, wait and buy in at the new low of 0.50. Plus placing is due so that will be lower too.
A_Milli, you indicate this will reach 0.5p. You assume, that by selling a stake at 1p, you would then have the ability to buy back a double stake at 0.5p? Then presumably that will recover to make any investment viable?
I think you could be the AIM nostradamus if that one comes off!
There's no funds and no news, and price keeps dropping drastically. On the losers leaderboard for two consecutive days now. Scary stuff.
Ramping drove the price rise, traders paradise. Price will likely keep dropping. Could drop as far as 0.50 or less. So worth selling and securing profits and buying back in later.
Why hold a paper loss. When you can sell now and buy back in at under 0.50 amd double your money?
People selling drove the price down, just hold and buy and it'll go up, massive spread of 40% now
I wonder if someone will be hoovering up those sells. It's relatively small volume in grand scheme of things, but MM have certainly moved the spread to catch any prospective day traders.
The share price has been rising cautiously, although most of the time it's been on the leader board.
Goodluck all
It's a tricky one Yuri, as any psychic with the ability to bend spoons with their mind would know.
If only someone could accurately predict share prices just as well! We wouldn't need to be speculating on a BB.
But why would consistently loss-making company already valued above NAV need more rampers if you're already here?
Held here since the reverse takeover, think it hit close to 30p a share. Bought a load more about a week ago at 0.72, since that it's been near daily rises - does seem like something positive is near given how well it's sustained the rises
Bound to start catching the attention of blind rampers soon enough, surprised it hasn't already
Let's see , the momentum is building on speculation alone.
Https://fiinuplc.com/major-shareholders
According to the major shareholder list, 71% of the business is held by a small number of people/corporations.
Assuming those holders are all still holding (which looks highly likely), that means there's not much free float and with a buying frenzy, the MM will have to let this go. With a positive RNS on funding, it's anyones guess as to what could happen...
Is a return to double digits really out of the question here?
Big buys after working hours , interesting?
Agreed :)
I wouldn't want to speculate on price as given it does have it's hurdles to face and there isn't an RNS at this stage, it literally could end up being a finger in the air.
Peter, the founder, has raised similarites with a US business with a similar, albeit, opinion is not as superior technology to Fiinu, and that business has a 300 mil market cap. Different markets/ regulations/ population of course, so there will be reasons why such disparity to here and there. I don't believe they possess a banking license also though. (see Dave Inc on NASDAQ)
Fiinu is approaching 4 mil MCAP on todays news... it has investors who have bought in when the MCAP was £30 million +.
For me, it feels like it seems potential to be a good one, but obviously it's a roulette wheel and I would certainly not bet more than I can afford to lose.
@mr magorium,
Yes, I ve been extremely fortunate to be here.
I agree about your double digits thoughts, any ideas on actual share price it could potentially rise too?
No smoke without fire.
Those in will be waiting and those speculating will have it all to play for.
Founder seems to know what he's doing, so i'm quietly confident. There's not much free float according to their latest major shareholder list on their website, so why not a double digit possibility?
If it announces its raise its 35 million and is now applying tor its license, this will move
Is there news coming?
Sorry, being much too prudent. Dave has MCAP of $376 mil dollars, just shy of £300 mil. See his LinkedIn for source.
Not in anyway suggesting a similar valuation here, but if a founder feels the tech is up to those standards, it does make you wonder if current valuation is too cheap.
Only circa 20% in free float, according to the Major shareholders list on their website...
The founder flagged a similar US company called Dave on his LinkedIn last week, which has apparently worse tech and a Market cap of £100+ million.
Maybe this should considering relisting on Nasdaq!!