Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Gregg works for Early Equity, and quoted from their website "We invest in stocks and bonds to build wealth through long-term capital appreciation." And have 12 years experience doing so. I am very confident in Gregg and Nicks partner ship here. Given their background i think its fair to rule out any chance of liquidation here. Maybe a temporary delisting, but this given them another 6 months to find the right investment to create shareholder value. I'm glad they havent invested into the first company they spoke to as this would be incompetent
Agreed. Although can I clarify that the company won't be delisting on 6 April, it will be suspended. If 6 months after that, they haven't RTOd or raised as an investment vehicle (which I see as quite unlikely given their experience and contacts). Then we would be delisted and probably liquidated with remaining cash (current value £1.2m) to SHs after any costs. I'll take the chances.
Remember this was at 3p per share only 3-4 weeks ago. Those well researched about the backgrounds of Nick and Gregg loaded up immensely which pushed the price to these levels. A reminder RNS about a potential delisting scared many investors who were not risk tolerant away. Now presenting an amazing opportunity to invest into this shell at cash value (pretty much zero risk now), into two individuals with years of investment banking experience. These two directors are worth at the very least 2p per share just based on the value their experience creates.
My bad just a suspension on 6th april! Which is even better
You are correct Mike it is just a suspension on the 6th of April i just double checked. In that case I'm baffled at why anyone would be selling shares right now. At cash value??? No doubt all will be selling for a loss too as this is the lowest share price ever seen here. The company will have 6 months to conclude a deal with businesses they have been in discussions with. Significant value will most likely be created and the upside potential is far greater than any potential downside
I like the optimism. So, where's the buying at these levels to reflect it?
In other shell news, many thought all was lost at MTFB but now it Looks like They are going to be coming back with a bang after their long period of suspension, everything takes time.
A period of suspension is not the end for CCAP, new beginnings and all that.
Due to restrictions an investment company can invest in to companies that a normal RTO cannot, Investing companies find it easier to go for new start ups, smaller % stakes in what could be high growth, generally agnostic to sector so many more doors open, especially when they get the £7m in the bank.
Me thinks Greg sees limited downside from here. He would know.