Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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You mean sub 0.5p coming!
Suspending these operations would choke cashflow and that would lead to a possible default.That is what SPR wants probably.
Wow, this dropped off. Just as ya think it can't get any lower... Bushveld proves wrong.
They are looking with stake holders to resolve the cash position. Ooh raise at what price now?
when?
Boom!
Did your AI tool malfunction?
BOGOF buying opportunity for feral tiggers?
Not so good for the Eeyores of this world!
Just bought some shares here this morning. Sure it looks grim but there is plenty of cash due in from a delinquent investor and capital sale proceeds. Maybe the announcement is just what is needed to crystallise action. Looking forward to this afternoon’s call - should I be able to make it. Gla
Absolute ****
Many were optimistic but crook management had a part to play in it.Got to say looks like Fortune is involved here somehow, it is funny to this new entityhas not coughed up cash at this critical time.
Th
Dbh1956dbh, quite the opposite, I feel sorry for those that were taken in by the narrative on this board. I and several others continually warned of the red flags in financial statements, RNSs etc but these concerns were laughed off by the "experts" who had another agenda...
These shares traded at 45 at one point I believe. These assets were acquired at the expense of shareholders and now they have disposed them off at shareholder's expense.Worst thing is whoever will foot this funding shortfall would take a big chunk of company for peanuts.
I was briefly invested about 4 years back. My goodness regarding how things have turned for the worse. Shocking Mismanagement. I hope shareholders recoup their losses. I seriously think that there needs to be really tough regulations on AIM in order to protect shareholders as management at AIM companies seem like politicians - unscrupulous and without any ethics
Whatever way you look at it it is disastrous for shareholders.They need money for working capital,they need money to pay orion and they are not profitable at this level.Aim at its finest shareholders will be shafted royally here.
I assume sarcasm. Its a question of not if but when. I doubt the company has got the finances or appetite to take legal action against Arcadia. Can't make any profit at those costs and suspect overall its loss making. Have to find 7 million this quarter to pay Orion. I think that Orion could claim a share of the mine but maybe they have something to cover non payment in the small print. Nothing should come as a surprise to anyone who has followed this for the last year or two.
Company has to suspend operations if no money is received in coming weeks.
SP is holding up quite well after a very poor RNS....
To the person who dares to use a honourable persons name, I bet you are wetting yourself at other peoples misery. What a sad individual you are!
Sub 1p incoming?
Not good. The market won't like this at all.
Https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/w6351gw/export
Https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/w635n9w/export
Salam Alaikum hmhg 10 goals conceded in the last 2 games by your home team
ATM went off over 6 years ago ,... it has yet to make any real money and has had both investment and a whole load more coming.
Like many, I was pretty disappointed at the dilution we got in shares, but FM and mini-me were dreaming of energy rainbows and positioning as an integrated energy provider. remember that Belco plans were changed and scaled to meet the expected BESS requirements that were largely going to be paid out of free World Bank money. They cosied up to Cyril but totally underestimated how weak he was.
CC was an is right to focus on mining first ... but lets not delude ourselves there could have been the resources to keep and expand ATM. There were not and given that ATM (tin price spike aside) is a year+ from really making any money and that would be over 7 years.
Mining is hard !