Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Haha genius Research them Main Market shells with no pay to the board until the first acquisition. Running cost are �160-200k,but I'm sure you know it already :)))
Annual fees typically �700,000 to �800,000 on the main market, plus much tighter regulation means higher fees are generally incurred for things such as more detailed accounts. AIM cash shell seems the only likely outcome here, and then a reverse takeover will need to happen within 6 months otherwise the shares will be suspended - obviously the asset disposal needs shareholder approval first though.
If �6mill is required then the chances are that it will be done at a discount to the current market share price even if it is a very attractive RTO target. A listed shell has a value of course. Some say it is �300-500k. If you add on the cash held then it goes up to �900k-�1mill . That is two thirds of the current market cap. I would not be surprised to see P&D merchants peddling their wares in the time before economic reality bites.
It is good to see all the dead wood being thrown away. The cash left in the bank is what we need to focus on. Nothing can happen if shareholders vote against getting rid of the Italian liabilities ( management and business). With the decks cleared then a RTO can be announced in due course. Whether that is this year or not does not really matter. Assuming all goes to plan I estimate that the cash in the bank when the RTO is announced will be �400-450K. That will be the only asset of the company. Thus the market capital needs to be compared to that. At present it is 3 or 3.5 times higher. The excess is the "goodwill/expectations" of the RTO. If the share price is too high then the RTO is less attractive for the assets coming into the Company. Any funding a RTO requires has been done at a discount to its announcement price. I can find no exceptions to this general view.
20% up from lows. In at .57
Hope to many of you didn’t panic sell! Flush out the weak I’m afraid!
... another INFT required a reverse takover
Adl ....do you really call that investment?
Dead cat Splat! I think we're about to be reborn I'm up for Cat Zombies
You, or someone at SP, need to take a long hard look at @bcoops12 on twitter Gary.
Dead cat Bounce haha
What does that even mean? What IS this company exactly?
Few on here were quite critical of my article yesterday calling a sell at 0.8p and assets having no value! They seem to have disappeared now...
B B B Bounce
Probably, I did say but no one listens. hope no one lost too much money.
it says they retain no assets and have been bought for �1 remaining only as a cash shell I have sold out this isn't a good position to be in and will be very fragile. Feel free to enlighten me if you read it differently, GLA
No worries.company moving forward
RNS just landed.
Yes where's my glasses
You’ll find it was a sell - look at the time
.
For 1 trades now Time to unleash the beast
... gone? ZIOC?
over 1p ....soon