Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The SP is so low in order to attract Buyers. But there are no Buyers. One reason for No Buyers could be that the route to Market is shrouded in If’s But’s Maybe’s. I think AS has run out of wiggle room to metaphorically buy more time / so the Product is either Robust and does the job / or we will find out soon enough whether this has been One Big Sting.
Make it better
We want news, more News. Better to have something rather than assume things are going to plan. Get this SP back where it should be for everyone's sake.
Go Techtonic !!! :)
Another possibility is the non refundable cash does land. This gives rise to SP on speculation of potential Agreement. Those HNWI then have a higher Exit price spread over 120 days (assuming they are Shareholders or by third party connection cough cough). I wonder where we will be cone End of Q3 ??
Right, the company can't have it both ways here.
I'm going to call Tim Metcalfe and ask if we've received the $100K.
If Tim says he can't comment because it's material news , then it needs an RNS by definition.
If it's 'not material news' he can tell me.
Tim reads these boards, so expect a call/text soon Tim.
You can't have it both ways.
It wouldn’t surprise me if AS extended the £100k Exclusivity period by 14 days. An outright Offer to buy Ciz out would be nice (Won’t happen). C’mon AS it’s time to communicate and deliver on your own Timeline. Hours to go now..
It’s quite simple. At Close of Play today in USA the 30 days are up. So the outcome should land FRI 7 am in the UK. No other scenario now is acceptable.
It would also mean that investors aren't holding on for another 6 months to make assumptions about the direction.
They'll should be told.
After AS having acknowledged in his DT interview the importance of keeping shareholders up to date, the Company appear to want to fall at the very first hurdle if what Tim is saying is correct.
It’s a contract milestone.
I’m getting a little fed up of all this. It’s not as if we are asking them to RNS a new Company presentation has been loaded onto the website like other small caps do.
Tim should be encouraging the company. It's PR and essential.
The news in either direction has a material impact on price.
We've said we expect it. If we don't have what we expect then people make a decision to buy or sell. It's material.
At least i talk more sense than some of the charlatans on here!
“I do not believe it meets the materiality threshold where there is a requirement to RNS and I don’t know whether the company will choose to or not.
Best regards
Tim
Tim Metcalfe
IFC Advisory
Managing Director”
I see his crystal ball is as accurate as usual
I think Joe might have lost his twitter account recently so he's back to trolling here...
'Heading below 1.60p by the look of things.'
BLUE!
I’ve said previously I do not like these MOU’s. I’ve never known one materialise in any of my doomed Investments. The main thing about this one though was the short timeline re non refundable cash. Usually the MOU in other doomed Investments has been 3 Months with no sign of a promise payment.
To the wire and looking like this one won’t complete.
Heading below 1.60p by the look of things.
Nice to have Joe back!
Doesn’t look like the £100k payment amount meets the materiality requirement to RNS.
Tomorrows Thursday not Friday.
Technically still until Monday. If it comes in later via the US tomorrow might not RNS until Monday (if they decide to - and they should)
@neilin if the cash was in the bank on 29 march (when accounts signed note 24 (post balance sheet events) would not say 'will receive' in relation to the 100k payment.
In any event still a day to go
Need news to lift up the SP!
It is price sensitive news. It ultimately tells the market if the MOU is alive or not.
It should be RNSd.
@ neilin
Good to hear from you again.
AISI, there are two major milestones that have to be achieved within the framework of this MOU.
The first being a $100k non refundable fee. The second would be the signing of a legally binding agreement. I feel that the $100k payment is no less material than the ultimate signing of the deal and as such, it should be RNS’d.
Others may disagree, but given the lack of confidence in communication from AS and his subsequent interview espousing the need to keep shareholders updated, this may, for me at least, lessen the ill feeling regarding the massive discrepancies between the Sept-March RNSs.
As you yourself say, sentiment can change significantly on a event or comment. More so in my opinion when they are regulatory statements.