Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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ismalia...........!
exactly........... is me point that it seems to easy to x2 bag...........or more if you like :)
30p raise at or pre consolidation.........?
I'll admit to being confused on the RTO.........!
All the best (for sure looking to get in, but when..........?)
PS and by way of interest I added a few last week and if you feel 30p is on then buying in at up to 10p will still be a lower entry price.
Morning Fortitude. I think this will be all about asset building rather the P/Es although they do mention a dividend which would be a side issue with me. I suppose my thoughts on the early sp would be that any pricing - in this case 30p should leave scope for this to move up and settle nearer the 40p mark. It would be a very poor show if the BOD or finnCap allowed the sp to be set only to show a retrace. They should allow they market a premium if they want the journey to be worth making. There is little free float and any placee at 30p will be a holder in the short term so it will be other potential investors who will start the ball rolling but only if they are aware. Any start below 30p would send a very negative message with the way forward looking very positive if we can come in between 35 - 40p. Plenty of 2020 vision here. Enjoy the break and all the very best for the coming year.
PS Iron looks as if it could be interesting during the next qtr?
Enlarged Share Capital on Admission 135,235,066
Market capitalisation of the Company on Admission at the Issue Price
(approximately) £40.6 million
Equals £0.30
So what's the x2 bagger catch here then.......?
All the best (seems nailed on........... defo looking in :)
Hi Ismalia
For some reason the computer wouldn’t allow me publicity...It has its moments. Maybe one over the eight...............................
Hi Ismalia
Yes. The exposure just by changing from NEX to AIM will in itself open up to a much wider market... and pupil city from this should follow. As far as an opening price of 30p and where this will settle , job to work out. Without a P/E impossible to be accurate. If I were to speculate a 30 to 50 is possible, we shall see...... have not read anything on year end change but you may well be right...
Have a very happy and healthy new year.........
All looks very positive. Fortitude with so much of the stock under "lock in" agreements what do you feel the appetite may be from new investors, and do you feel the new group will attract any publicity. Also have they changed the year end to June? Have an enjoyable Christmas and like you I look forward to positive progress after the forthcoming meeting.
Just had to post..... Reading the CVs of all the new and old members of board and company directors the calibre and quality of their expertise is breathtaking.....
When I invest in companies the first and certainly main consideration is the quality of the board. This one seems to have it all. If this fails no new company will succeed...........
Happy Christmas all............
I seem to remember the disposal was announced in the last set of accounts issued by SMS.
Merry Christmas to all and a properouse and healthy New Year.
Thanks for the reply. I wasn't sure.
Merry Christmas to you
Hi. Damocles
As I recall half shares were sold early in 2018. and subsequently the rest have been disposed of as I understand it............
Fortitude - we must have been posting at about the same time - thanks, and have a good Christmas.
Market bidding for 100 but offering 25k suggests to me that FinnCap may be pre selling the placement. A couple of small buys so some interest and it will be interesting to see how the market will open on 7 Jan. My friend in the North who is big in property and sometimes reads this board should have a close look at the potential here or give me a call - same code 502959 as I have lost his contact details. It would be good to hear from you as well Fortitude and the way you see the post 7 Jan reaction
Hi Ismalia and Damocles
Ismalia. No way GC will put The Boston Tea Party in the fray. Totally separate enterty Under no circumstances SELL. your holding. This will turn into a major company. GL.
Damoclès.
Just me I love the mix . All very what’s in at the moment.
Expanding a little more, the transfer from Nex to Aim scheduled for 7th january2020 will create a whole new market of investors. The price will react accordingly. This company as I have been saying for a number of years now will grow very quickly . The complete opposite to mining companies. As you are fully aware I am a GC fan and this is an example of why I am such a devotee. You will given time make a really good return . GL...........
Footnote
GCs other two mining companies will start a major recovery early in 2020.......’.
317 pages. I didn't realise it was that many. Maybe I wouldn't have read it had I known.
It's a much better prospect than it was when it was in the doldrums as SMA of course, and it has moved on significantly since those days. We can expect a dividend next year, but it does seem an odd collection of parts.
We'll have a group of gastro pubs and hotels, a car dealer, a coffee company, a property portfolio, and a green and ethical straw and cup manufacturer. It's definitely a mixed bag.
Like you Fortitude, I've been here more than a few years, and I can't remember their name now, but we retained a stake in a gold prospector when the reverse takeover took place. Is that still on the list or has it been sold on? I can't remember and if it was in the prospectus I missed it. Maybe it doesn't matter now anyway.
My thoughts are I'll now start to see a return on my investment. Whether I'll breakeven is a mute point and remains to be seen, but I have a tinge of hope on that score. It depends on how many years I have left to live, LOL.
It's definitely onwards and upwards as the saying goes, so let's see where we end up.
Life is full of surprises, and this may join the list.
GLA.
It's quite diverse.
Hi fortitude. Lots of good news here and no doubt on the way. GC has done well for us here and it looks as if he may be divesting many of his business interests. Do you feel he may look to put The Boston Tea Party into Barkby? Also do you feel that the 30p entry onto AIM leaves something for the market to push the sp higher? Float will be quite small on admission so I would not be suprised to see the sp be pushed up. I know nothing about the major shareholders but it looks as if they are on a buy and build programme. I have a modest holding that imo is worth holding.
Hi. Ismalia..
I have been wading through all 317 pages of a very detailed placing and schedule of events.
Re consolidation , no shareholder will lose out. Whilst we will all hold less shares this will be exactly compensated by the increase in price currently 10.5p
To précis. The jewel in the crown of the new business seems to be the property co but all in all a very large business capitalised at 41 m.
Interesting the proposed acquisition of the Star Inn at Sparsholt for 1.2 m. Oxfordshire dining pup of the year.
Disappointed to see Giles Clarke resigning but major shareholder. Charles Dickson , à serial entrepreneur every bit as good as Clarke.. Good to see leaving NEX for AIM on 7..1..2020......... of
Excellent news all round in today's RNS, is my feeling.
We've certainly come a long way from the days of Sovereign Mines of Africa!
So Fortitude - for every 193 we get 74 so what's your take on that's? Looks like a lot of paper to read over the holiday but on the initial look it looks good for us.
Hello Fortitude
I agree that the outcome on 12/12 has done everything to provide positivity and it may well be the case that the BOD had been waiting for such a result. The new company make up looks to be compelling and the market should be in a good mood to see the introduction off to a good start in 2020.
No doubt we will compare thoughts when it all happens: so have a good Christmas and lets hope we can share a prosperous start to 2020
Hi. Ismalia
Yes, agree ! I did post to you underlining that I felt because of the size of the deal it could be well the other side of Christmas. Outside chance that the deal falters but highly unlikely as board positions have been mentioned.
Have a very happy Christmas. The new year looking very affirmative after the Johnson victory!......................
Fortitude, I am beginning to feel it will not be until Feb or March before we get any further news.
Hello Fortitude, yes and in any case I feel they would like to get the 12 December out the way. It may be that they would like to get the half year figures out at the same time.
Hi. Ismalia
Sorry for delay in answering. In general terms only , this a big fish so I expect it to be well the other side of Christmas.........................
Morning Fortitude. They were talking about an additional location in Wiltshire which is in the same area as the pub estate and perhaps we will hear more when we have the prospectus. I don't know anything about Dickson or the potential he will bring to the group. However it would appear that we will be a more diverse business. Any thoughts on the timing of relisting?