Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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But I have no sympathy for anyone complaining after todays RNS, the company released the doomsday statement in early August and anyone investing after that date knew the very high risks associated with the company. If you lost money then you allowed people to suck you in instead of looking at the company fundamentals and got caught on the hype/rainbow chasing train.
Most likely tmrw Mannan......why wldn't it.............even lower if you ask me tbh.......... Who with any sense now would wish to throw money at this now? If the funding is not secured (high probability imo), then this has zero value............... It's the innocent pi's who got fleeced yesterday I feel for..........
They will still be loss making and if they get funding and that's a big if. From the RNS "The Board repeats that all of the proposals received attribute little value to the equity in the Company." "If the current discussions are successful, the Board expects the Group to see a further increase in its level of indebtedness as new working capital is made available to the business. If current discussions are unsuccessful, it is likely that the parent company will be placed into administration"
correct.
they get the funding this could come back.
How long?
lol i think 0.0001 isnt an appropriate estimate, there is this a 50/50 chance for the company securing funding
Seen this so many times anyway you have been warned by the company no value at all no hope at all here
Sorry chaps you guys where warned this is going to .0001 no value to shareholders watch the mms do it , zero value zilch
1.25 coming
people take note of those ramping yesterday afternoon/evening...........esp for future pump and dumps.....not the first time; suspect not the last... You may not make money, but at least you wont lose it if you remember who they are. Suddenly, nowhere to be seen...... Good Luck all and genuinely sorry for holders and all those who got fleeced..............NEVER nice to see this happen to innocent pi's......ever. Only one way this is going imho so be careul those taking a gamble.....that's exactly what it is......DYOR.......ATB.
times do we see this pattern repeated on this bb? A company makes an announcement effectively stating that it's bust. A raft of private investors think they must be lying and and we enter a period of the loons claiming that the share is "massively undervalued" and "this is a great buying opportunity", "I've just bought another x million" etc. etc. The company then makes the next statement stating that the game is almost up. Suddenly the scales fall from the eyes and the loons try to bail out...normally at a vast loss. Why are people so stunningly stupid with their own money?
Quickly I'd say
Please taking a gamble or trying to reduce their losses?
33% chance of success how do you work that out? It is cling on and survive with increased debt whilst still loss making or bust......
If you think the share price is low, think again. This is going down to sub 1p by Friday. You have been warned
I gree riseagain, an hour ago at 2.6 I said quote: I wouldn't buy it now, there's only a 33% chance compared to the last big drop on refinancing, not great odds and with RRSA agreements not being sold for now, even less profit. I don't say it's over but my balls aren't that big (or pockets that deep) GLA. NOT dermaping, but at this low, the brave may want to day trade it, you have a chance.
Black lol
On that rns
0.5 is maybe worth a punt. Depends where they plan to go next. Very volatile. Could go anywhere. Balls of steel this one..........
and the other option is finance from the ''unpreferred'' funder
0.5p
ha
who would be buying this share given the update gives 2 options and one of them is administration?
I out of this one taking a small hit , too high risk now!