Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Atan has probably been stopped from posting for the last 14 days, 11 April untill today, not as he sat been on holiday. He usually posts that he is going on holiday.
As you can see from his post on 11.April he knows nothing as he posts 'cash will not be over £4m'
Hiw wrong could he have been with that £1.4m wrong. Basically another on with Captain who implies that they know more than others when in reality they know absolutely nothing. Company is best place to listen to and as what they had to say in RNS it's looking alot better here than it was before.
Thought the narcissist had done the decent thing and gone for good. The normal verbose ramblings say nothing as always. At least now PrivateDull has somewhere to rest his tongue. Not sure which one is dullest.
Warrants have expired last year
My bad Mr Swag, you are absolutely correct. "The Company today announces that it has raised £2.0 million (before expenses) by means of the Placing of 50,000,000 Ordinary Shares at 4.0 pence per share and that it intends to make an Open Offer of a further 49,860,515 Ordinary Shares to give Qualifying Shareholders the opportunity to invest (up to £2.0 million) in the Company at the same Issue Price. Subscribers to the Placing have also been issued with Warrants to subscribe for one additional Ordinary Share at the Issue Price in the ratio of nine Warrants for every five Placing Shares issued to those subscribers."
Andy that was the open offer not the placing. After the placing they tried to open up the offer to mug punters
Nobody took the open offer up
The placing figure is a lot higher..gazillions
Gazillion is made up. It isn't a real number, it was used as a numerical amount which it cannot be.
Gazillion was used as a made up adjective that means a huge amount. How huge that amount is nobody knows. They only know what that amount was previously.
The fact is that no numerical amount was used because In mathematics there is no such number as a gazillion.
"The Open Offer closed for acceptances at 11:00 a.m. on 31 May 2022. The Company has received valid acceptances from Qualifying Shareholders in respect of their Basic Entitlements in respect of 1,560,453 New Ordinary Shares and has also received applications from Qualifying Shareholders under the Excess Application Facility in respect of 1,317,323 New Ordinary Shares. In aggregate this totals 2,877,776 New Ordinary Shares, representing approximately 5.77 per cent. of the Open Offer Shares. Accordingly, Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlements as well as those applied for under the Excess Application Facility.
Accordingly, a total of 5,002,776 New Ordinary Shares will be issued at the Issue Price (subject to the conditions noted below), of which, 2,125,000 New Ordinary Shares will be issued pursuant to the Subscription and 2,877,776 New Ordinary Shares will be issued pursuant to the Open Offer (the "Open Offer Shares"). This brings the gross proceeds of the Fundraising (including the Placing announced 6 May 2022) to £2.20 million before expenses."
Gazillion isn't made up.
https://www.vocabulary.com/dictionary/gazillion#:~:text=Definitions%20of%20gazillion,kazillion%2C%20million%2C%20trillion%2C%20zillion
Andy..there was always going to be a retrace as the froth from update dies down.
If there is a prolonged period of no news ..like there normally is then you will see the so drift down
The traders have had their fun...and the shrewd will already be out and ready for the next opportunity.
As for 4 p placing shares...lse is currently only showing 5 trades of £3 k in total. These won't be the placing shares
Believe me it will take what seems an eternity to get through the gazillion..especially as there is nothing really to drive the so north of 4p at the moment.
Their was froth from the news of first profit in years ...but this is not an exciting aim share like a mine or oil field with results coming .
It is a lot of jam tomorrow with yearly sales of £10 m or whatever it was a year. Barely into profit from the " expected," comment
As expected the SP drifting back as the 4p placing shares try to get offloaded. This might take some time to get through, but on completion it will continue it's journey North.