Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Dunno about that could do with something to make this share rise other than hopes dreams and conjecture.
* last year’s …. ( no need for yeast!)
Spratt - indeed but perhaps some thought must be given to transparency here, considering the near catastrophic consequences of last yeast debacle.
It takes more than a change of name and a new helmsman to assure investors their money is safe. Informing the market of such discussions as alluded to by Pearls would be de rigeur in light of recent events, wouldn’t you think?
Desert, as you may know it’s down to the Nomad re RNS’able events/news..not you or I. Re further capital requirement..we don’t know if there will be and in what form..many way to access capital and raises can be accretive…I do know that any TR1 /RNS stating a BOD purchasing on the open market will indicate a raise is unlikely..watch this space
Well Raven, I wound not invest in any company where I don’t trust the bod..hence I assume you will be selling up and moving on?
Got to agree with Spratt on this. I’ve invested in many companies over the years who have brought out an RNS confirming a new financial facility following a period of (obvious) discussion. Whoever they choose to talk to, you’d expect the discussions to be kept private until a deal is struck.
I really don’t see any issues to RG being the discussion party, should that happen. He’s already the largest shareholder and clearly likes the company so he should be supportive.
In their earlier update, the company advised an expectation of sharply increasing sales as the year progresses. Results from other companies show there’s a tech rebound out there, I expect CRTA to gain from this as well. It seems to me it’s all to play for out there and with such a top notch management team in place we surely have at least a fighting chance of the turnaround taking place. I thoroughly expect a major rerate of the shares soon as the recovery starts to become clearer. Arranging some sort of facility just seems prudent alongside everything else going on.
I’m buying more accordingly. If a soft facility is announced the shares will rocket.
Not quite Spratt ….. it’s not completely linear. in this instance, where Cirata is clearly struggling - it it is not an exaggeration to say will need additional funds Just to keep the lights on, any such discussions with RG would be seen as having a material impact on the share price and is market noteworthy
As much quality as a chocolate teapot! Keep pouring the shareholder funds and watch it melt away …
Would definitely be a shame to boost the share price unnecessarily!
For clarification, regardless of whether there are discussions going on with RG, there is no requirement for an RNS until such a time the company deems it necessary and the news becomes materiel. This misconception on AIM derives from the low quality CEO’s RNS’ing unceccesarily to boost the SP..thankfully we are not that kind of outfit.
But surely an investment manager like him isn’t just buying pretty much blind, like all of us are here. You say he’s lost money but he’s clearly invested in the future, not for a quick “ gamble ” in hope for a quick return.
@Pearls - any discussions with RG would need to be announced to the market. This is exactly what got the organisation into their issues previously.
I also do not think RG would be putting more monies in when he has lost so much so far.
CRTA will need more funding and this will mean either a rights issue or extra shares being listed - either way the share price will be going lower.
Pearls - Any such discussion would be a mandatory RNS -
Speculation - the forming of theory or conjecture put forward in the absence of fact or evidence.
You are completely fixated on RG being the lynchpin solution to Cirata‘s current woes. That is both shortsighted and presumptive.
What I meant is that I think CRTA have invited RG to discuss providing a soft facility to them as it will be mutually beneficial. After all, they have no idea for sure that the year will work out, it is all based on hope and a range of assumptions. We hope most of these are reasonable ones, and that the company can trade through to a successful outcome, but it is perfectly wise for them to plan a facility in case of any issues. The biggest shareholder is an obvious choice, especially if he's on side.
And here's the conundrum - RG has not bought more for a while, yet previously he was regularly increasing his stake. So what is stopping him given the price is near all time lows? I think he has entered into these discussions and the books have had to be opened up to him as a result. Such discussions normally exclude the involved parties from increasing their stakes during such discussions. Hence the obvious silence from RG.
When I commented that the penny was starting to drop, what I meant here was that a number of buyers began buying in and buys do exceed sells over the last few days. Nothing special yet, everyone's assessing things and forming their own opinions. These are mine, they may be wrong, but I am an investor with decades of experience, and I believe such discussions would be a logical move by both parties at this stage, so why not?
Yes! Want to hear your thoughts, In a good or bad way? Started off strong this morning though..
Pearls… which means what exactly ?
Looks like the penny is starting to drop this morning.......
But Cirata has no assets other than cash - the property is on a two year lease.
This from the Annual report, which i assume you have read, says it all!
Sheffield Wednesday F.C.
During 2022 the Group agreed to pay $362,691 to sponsor Sheffield Wednesday F.C. for sponsorship of the 23/24 football season, which was on
behalf of EyUp Skills Limited. EyUp Skills Limited is a company owned by David Richards jointly with Jane Richards. There is also an additional
$127,303 sponsorship payable which is contingent on certain post-year-end outcomes.
Where is Richard Griffiths? Before the recent update, he was frequently seen increasing his stake, since then the price has tumbled and he is nowhere to be seen. What is going on?
This is only my conjecture, and perhaps I am wrong, but I think he has been asked to assist with any funding and has obviously then asked to see the books. In such a position, he cannot increase his stake.
He could easily provide a soft facility to CRTA secured perhaps against a building etc, and provide any liquidity they need. For him, the sorts of money involved needed to probably see CRTA through are small, so the facility need not be large.
It's all a question of course as to how well business is coming through, but one has to plan for contingencies, even worst case ones, and it would seem wise to bring him in, if he is amenable. Given his current 20%+ shareholding, I'd guess he would be pretty amenable to helping.
More to the point, news of a decent facility - which CRTA might never need to use - would enormously aid the share price. Friendly large shareholders can be worth their weight in gold......