Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Useless CEO it should say.
This is a desperately awful RNS-full of terrible updates and with barely anything to offset the feeling that this horse could be on its way to the knackers yard.
Am astonished that there are not calls for the very obviously useless to follow the equally inept FD out of the door.
Paid for content - hence why Vox is full of dud companies that desperately need promotional help.
The latest tale of woe after heavy plugging via Vox Markets following in the shadow of the likes of Sondrell, Saietta etc. they seem to have the inverse Midas touch ie everything they push turns to s*it
The delay in DTC is a big blow, considering it's revenue and profit that's now required.
ther's always a concern that, once a company gets a history of delays/difficulties, that the assets become a target for cheap takeover and, having put all their eggs in China, have to wonder whether there'll be an attempt to push the company into further trouble to take those assets.
the upside is, if they can finally get manufacturing going, their assets are going to be in demand so... have to see what cack-handed further furnding they obtain, having pretty much trashed the sp in the TMT takeover.
This company is likely to struggle if it cannot bring in the sales. Just when you think the sales are coming in there's an RNS about a delay again which is worrying.
Can anyone tell me whether that 3 million dollars factors in the 5 million POUNDS raised?
Seems qn over reaction given the plans to move forward
But bloody terrible execution of manufacturing.
shares could get cheaper still but, assuming there isn't something else in the woodpile, opportunities for new investors at these levels.
bloody miserable for existing holders, though.
Third dud company in three years. Every single penny I earned.
Can’t even talk about jam tomorrow
The money gone
No product
Abd a write down to include costs of warranty’s
So I assume many machines are not working
The rule should be do not buy any company with links to Tek Capital, China and that can not get timely communications out. Rather than send an email telling them to do their job I should have sold. Like Tek and others.
Big bang
The money
The 5 million POUNDS raised
It ain’t there
It’s gone
The company are done
Humm – This news was semi expected with the months of silence and explains the drop to below 20p over the last few months as people in the know, made their move, and took a short-term profit.
The debate is how much this news is already priced in as most of us were expecting the worst as the months passed by.
Again, technically they should have kept ALL shareholders advised over the past number of months throughout and a bit naughty.
How much the market reacts in the short term will be interesting, but at least we have official confirmation of time scales which sometimes helps! The next few days will be interesting.
Rather than acquiring TMT we should have done a larger placing earlier and got on with delivering the business plan. TMT had us over a barrel and milked us. Anyways, going forward, as long as there is no further placing, and as production has moved mainly to China with a view to increasing gross profit, if sales kick on and other costs are tightly controlled, this should still come good. As ever, patience needed.
It’s not all bad
My phone still works
10p at best
A total dud
Salvage what you can
Where did the 5 million go
I guess we shouldn’t be surprised but they could have managed expectation’s by proving short updates through Q1/24. So much relies on confidence yet their lack of communication until a nasty surprise provides none!
Not the news we were waiting for
I thought the same but in keeping with BELL’s style I thought I’d tell you about how well egg production is expected to be going, the worldwide places we can sell eggs to then promise you an egg tomorrow
I expected at the very least a thank you but we will update the market soon. They did get the share quantity out so must have too been busy adding them up to be polite and reply. :) no egg for them.
Cheeky penny drop too
Doubtful
Until we hear anything we must assume nothing
The longer the wait the more information void is filled with people like me
We have essentially heard sod all in terms of sales for 14 months
And that was codswallop when they released updates months later
But nice to see you all looking
Happy Easter all
Question is, is there even anything going on *with* it ?
They need it
Nothing going on without it
I think the only thing they’ve been doing in the meantime is snoozing