Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Everyone just need to calm down, the shorters have fled on the back of the RSN, some after making a quick raise. Nothing substantial has changed, it’s just a little longer than we all expected. Good time to average down.
nothing substantial has changed? Are you sure??
No deal done within 6 month time period so de-listing is a strong possibility.
Need to raise up to £6m to then change direction and become an investment company.
I'd say quite a lot has changed.
Cash shell with £1.2m and valued at £2m despite 50% drop today so potentially could keep falling. I fell soory for all the people who bought 3p plus based on a done deal.
Okay, i agree with some of what you say, however for those that bought at 3p plus and in light the current share, what alternative is there left, panic and sell up and stand to loose more than half their investment or hold and allow time for the BOD to raise the £6 million and have a chance of recovering their investments.
What the BOD directors have proposed is not impossible.
The alternative is to lose 100 per cent if the company is delisted in 6 months. That is the reality. I will be impressed if they get the 5 million plus they need. But they could I guess with someone like Akers buying in and a huge billion share placing? Left it late though!!
I guess all PI will have 8 working days to see if the is a slight uplift in the share price and sell or impending suspension which could result in one of two outcomes. BOD gets the £6 million to become a investment company or delisted and you stand to loose 100%. Major holder like Stephen Paul Jones have more to loose than us. Has he sold out yet?
Thank fully sold my shares at a slight loss 3 weeks ago after thinking something wasn't quite right......thank god. Will keep an eye on it for future trading. Hope people have not lost too much, no worse feeling!!
The company market cap is basically at cash value now, so hold for up to 6 months and see if something comes to fruition or get basically the current mcap in cash back in the event of liquidation. May as well hold IMO.