Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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So the last 6 months chart is good ? You show me a 6 month share chart that's good of a shell company not releasing any news and I will pull a rabbit out of my a$re. Speaking of which, Oi,Luke Bryan wtf are you doing and about time you moved your arse ! Loads of us sitting on big losses here and you say nothing.
So the last 6 month's chart is good? I do hope it does well in the long term.
SaintPeter: what are your thoughts on its value ? Thanks
3 year chart ? How is that relevant to a company looking to rto. This is a Cash Shell so really only need 6 month chart maximum.
Translate please !!
Look at the last 3 year chart a long way to go to even back get to there we where but may be just a chance?
Come on Luke & Adam
apart from the share price ? Should I buy more ? Decisions !!
Looking sadder than the Dow tonight! Dow down +4%! Hanging in here as I don't like pocket change!
Officially my worst one to date. Mofos
Would be nice !
At the last AGM, the directors were given authority to issue just over 50.8 million shares. As part of an RTO, we may see a need to have an EGM to give power to issue more. Nothing particularly unusual about that though. The viewed value of the assets acquired will determine how well the share will do afterwards and that is where I have confidence that the directors experience will count for a lot.
Is there a limit in no. Of shares they can issue in next round of equity raising ?
Think they will need to raise some more funds to complete RTO as their cash resources are on the low side. But that happens sometimes. What is important is the assets they acquire. I expect them to be seen to be of sufficient value to well outweigh any fund raising effect on the SP.
The shell alone is worth more than the market cap !
Yes I see. MMS dropping prices everywhere because of main markets sell off. Hope it proves to be a good buy for you. Really don�t know where the bottom is for this share now. Too low for me to give in. Will hold to see it through.
Panic seller
Was my buy
Why drop ?
Hi Alexios I don't know why; we can all speculate on why. I do agree that they will undoubtedly need to raise cash as part of the RTO. Pelamis Investments position is interesting in all this though, in holding just under 30%. I can't see them letting this fail.
Hello Peter, Any ideas why this rto failed to materialise? This dd cost Draganfly around �250k. Cash is king they say. <�250k left, so ~0.15p equivalent. Fingers crossed someting good will materialise RTO by end of Mar so still enough time to evaluate other options, but silence is defeaning. Watching closely
http://www.kalaharimetals.com/wp-content/uploads/2017/11/171030_-kml-investor-presentation-update2.pdf For those of you haven't seen this, here is KML's investor presentation in September 2017. This is the company controlled by Luke Bryan and Adam Wooldridge which may be the target of DRG for its RTO. The presentation may have been part of their search for investors' funds in connection with the previous RTO which they appear to have attempted last Autumn. Since then, MOD Resources in particular, who have licences in the same Kalahari Copper Belt, have announced excellent resources, the last of which was just last week http://www.modresources.com.au/asx-announcements
The share prices Chart's show down for a few months and it would be nice to see some up wards movement before getting too carried away .
Finally after a few dull days. Someone got burnt offloading at 0.375, or it may transpire they got out before rock bottom. Personally I think nothing has changed (except share price :-( and I may as well see this one out. Days are ticking down fast and we may even see a rally approaching deadline day. Good luck all.
i cant believe they havent announced anything yet