Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Dont think i would take part in any fund raise at 2p! feel sorry for everyone here some of you will need to see bids valued at 100mill and over to even get your money back!! looks like GFIN all over again without the happy ending!!!
You'll sit back and watch them go under...just like the rest of us Mr Castle. They'll deliver zilch....and continue to be consistent.
Dear oh dear....oh dear Hivedoff !!! And there was you so sure these wouldn't see 3p. An evening class for you in very basic mathematics my boy. What a plonker.
Spot on Bottomzup, I’m with you on this one.
helx has been put back in his box, that hand puppet won’t be needed for a good 18months...
As I’ve said on balance this is probably good news, we can now sit back and let them get on with it.
Absolutely neon, good to read someone posting with a cool head.
Of course the MM`s will drop the price in the morning, but there will be plenty taking a long position after the appointment to the BOD of Bryan Neider.
This is a significant move by both parties.
He brings more than 25 years of experience during his tenure at Electronic Arts, a global leader in digital interactive entertainment. He served a variety of leadership roles including managing global business development, EA Partners, corporate finance and CFO and COO for EA.com, CFO of Worldwide Studios, COO for EA's global development organisation and SVP of Global Operations.
All the bedwetters and panty p**sers are coming out of the woodwork calling a disaster, blood bath and catastrophic doom and gloom, but only a few months ago some of the same Bids bashers went from calling a placing in Q1 at 3p, to definitely in April at 2p... then if it doesn`t happen in May its turn the lights out time. Then it went to a 1.5p placing in June and if they don`t raise at least £10m it`ll be pointless and won`t last the company long enough, and will need another placing in 6 months. Then it was 1p and as low as 0.5p, to finally they won`t be able to raise anything because nobody will want to get involved in this sinking ship.....etc etc etc!!!
Now they`ve raised £10m at 2p its all doom and gloom catastrophic disastrous blood bath and sinking ship won`t survive etc etc.....I see a pattern here.
I see helx has gone a bit quiet when you would have thought he would be posting about every 5 minutes on this massive news, but no. I suspect he`s on the phone, or zoom call with his paymasters as I write, being briefed on how to put the next negative spin agenda together now that the placing bashing stick has been wrestled from his hands.
I might take part in the inevitable drop tomorrow, if I can get in at 2p!
One thing is for sure, the bedwetters will be taking their losses, while the savvy bargain hunters will gladly take their shares off them for the inevitable bounce back when the market assesses the massive potential of this fully funded leader in the In-game net new advertising category.
£10m in the bank, and moving in to the significantly H2 weighted revenues season sounds good to me...onwards and upwards.
Evening all.
Well well well. What a royal duck up !
Told you so, but certain individuals would not listen.
Which joker kept buying shares to try and spite me because I annoyed him?! You couldn't make it up.
Blood bath tomorrow.
Then the city boys will flip the shares to get their easy 20% odd gain.
The price will plummet to 1.5p soon enough in the weeks to follow
No need for JD to take part in the fund raise everyone!
Why would he when he can cream off the easy money in salary and expenses lol (paid for by those taking part in the fund raise)
Blood bath tomorrow.
01-Jul-21 14:19:24 2.97 336,700 Buy* 2.80 3.00 10,000 O
Now think about this person, spent £10K at 2.97 at 14:19 today only to see his stake going down significantly tomorrow. :(
Well, atleast Draper managed to raise the funds, well more than I thought at a lot less price but I'm surprised to see he finally managed to raise the funds but ofcourse shareholders paid for it. It will be blood bath tomorrow and based on last fund raise, I think the SP will probably open around 2p ish and if the shorters get on board then expect 1.80ish but will bounce back pretty quickly.
GL
Dilution isnt the issue for a private investor with a tiny, tiny % holding in any company ...it is the EFFECTS of dilution that matter
..and it is the EFFECTS of any forthcoming share issue that are there in the declining share price....the old 12p high could become a new 6p high ....so a new trading range of 3p to 6p could be the equivalent of the old 6p to 12p (100% rise)
The EFFECTS of dilution hit the capital value of a holding ..because of course the share price is adjusted for there being more shares ( although there is cash raised too)
Holders have been seeing the EFFECTS of any forthcoming dilution for weeks on their capital value...
This has always been a mainly retail owned stock, so unfortunately mr patience, you’re story will be a common one I fear.
How anyone can have the brass neck to advise anyone sitting on big losses not to sell, right before a placing is a disgrace. If they want to sell they should do.
Read my history on here. I was a LTH with bids for 2 years +. This company and its directors have a lot to answer for
250M shares at 2.50p will give them £6.25M before expenses which should give them enough runway for the next 12/13 months or so when I calculated it last time considering their burn rate around £475k/month. But if it’s raised with CLN then expect selling pressure to intensify! Regardless a good CEO would certainly understand and address these issues before the can get even bigger. Unfortunately because of the constant BB bashing and his own arrogance, I personally fail to see how Draper is going to handle it.
GL to the holders
Bidstack's financials make Costain look like Apple. These are done. Just hope it's a quick end now.
Helx.. i dont think it was as much as that...but ..it wasnt good for current holders for sure.....but they did sell it down to 32p before the 60p fund raise notice finally arrived ....i have some..still sitting on them....share price stuck at 57-60p going nowhere at the moment
Didn't Costain lose about 90% of its value too Mr Chips? Not a great advert.
I still believe a big dilution is the most likely I'm afraid but just giving humoring the idea.
I'm perfectly sane thanks and whilst I hope it comes higher than the current price I doubt it.
If it does along with proper news, not the smoke and mirrors we've had so far, then i'm back in.
Otherwise not.
I expect more galls tomorrow. I'll stay out of it for a day or 2 and let the others tell you the share is mostly likely dead or dying.
Cambridge 130 " A big dilutive fundraise most likely wiping current shareholders out" ..
I dont take the slightest bit of notice anything you say...it chops and changes ...your posts make you look as fake as they come...best you talk to someone else ...
PokerChips whether your feeling is right or wrong what will be will be. I hope you're right.
I hope there is some kind of deal or ramp up in revenues imminent. If so, a raise could happen higher than the current share price if the other parties are sold on that.
I'm happy to wait and see and miss out on 30% instant upside for the safety margin I get from certainty. There would in such a scenario still be plenty of upside.
I stand by wanting JD to step aside and someone else run the show.
" How will they raise at 3p? It’s impossible based on the current share price."
Of course they could..dont be daft...it may already be done and dusted and ready to go....
Are you trying to tell me that just because there has been scaremongering there cant have a 3p fund raise...rubbish
Announce a 3p fund raise on Thursday and the SP could go up....
I have seen it all before.... Costain went down to 32p on placing wait..then the placing came out at 60p ..
Remains to be seen ....i just have a feeling .... but dont say it is impossible...that aint so
How will they raise at 3p?
It’s impossible based on the current share price.
At best they could try for 2p
I have a feeling that a placing could be announced on Thursday at 3p a share..or if not next Tuesday.......surely everyone involved is going to want to get it out of the way before the key summer break period....and the wait to find out has really gone on long enough..
Hi
Sorry but could you please show me the RNS where gfinity raised money at 0.5p please? They raised funds at 1p on 2nd April 2020, in the middle of the pandemic. Are you talking about this raise? If yes then please correct your post. It’s not nice to scaremonger BIDS investors in this way. Who knows, bids might secure debt funding or other means of funding to avoid equity raise. Good people lost money because of a certain CEO, it’s really not nice to keep poking who are already suffering.
Last placing was done at 29% discount to the sp on the day.
Similar thing happened at Gfinity. Only people who have made money there are those who came in after the placing and options at 0.5p, when it hit rock bottom. If same does happen here, getting out at 2.5p would give you 5x more shares if a placing is announced at a similar level. It’s The only way to protect yourself from dilution is to get out before the placing.
Absolute madness the CEO has told the market a placing will need to happen and then let the company run on fumes while the sp is decimated.