Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Trying to work out why LR didn’t partake. He’d be called for buying cheap and called for not buying so he can’t win.
Agreed, there needs to be new leadership, and this time, someone who has only one job. Whilst the sp tumbled and our calls for a steadying update of anything went unheeded, all I could think was “Nero fiddled whilst Rome burns “ the existing shareholders have been treated appallingly badly and we are the owners. That’s not good enough.
The thought is the CB and MC said to him you can’t invest at these prices because you’ve cause this mayhem.
Or he simply doesn’t have the money to invest heavily. He admits he didn’t handle the SS news to market correctly.
LR has to go. He's made a right mess of this!!! IMHO
I'm in a similar situation to you here and BZT.
Robbed...and in so short a period of time.
That's one interpretation, another is that they presumed to raise off the back of the Scoping Study but didn't anticipate the reaction of being unable to release figures with it. Either is unforgivable. One way they're either pondlife the other they're completely incompetent! To my mind LR not taking part in this fund raising is the last straw, simply unfathomable unless he has zero confidence in the company. How did he think it would look? It doesn't take even a modicum of common sense! I remain invested albeit now heavily diluted and down 86% and to my shame down 75% in his other poorly managed company BZT! Where no doubt he 'manage' the same trick of massive dilution! Absolute shower of ****. They should be ashamed of themselves. I've pretty much written off both of these investments. I'll hold just for a miracle not because I believe he can work one but he just might get lucky with a commodities upturn and get an offer. That's the only chance I see of getting some of my hard earned back but God knows how long that might take!
they are pond life. It would appear they have not raised money at reasonable prices, instead used the funding uncertainty to drive down the share price & then take 2/3 of the company at giveaway prices. Totally screwed existing s/h's.
Havig warrants is good - these are priced so cheaply though so it’s so painful!
But if we do good more money for company and we move forward
They can raise £800k without doing another placing.
Positive to me, but horrible for us!
Can someone explain to me in layman's language?
"In addition, one warrant exercisable for a period of 3 years from Admission at a subscription price of 0.025p per Ordinary Share will be issued to all participants in the Fundraising for every two new Ordinary Shares subscribed (the "Fundraising Warrants"). Accordingly, 3,200,000,000 Fundraising Warrants will be issued pursuant to the Fundraising."
Someone took 70M at 016 and 15M at 0.156 I've almost got 70M if it stays down here I'll round it up to 100M.
Don't me wrong I'm down £10k+ but willing to invest more at these prices. See what next week brings.
Asset still there, funding sorted onwards and upwards.
CB, MC and LR bought at 0575 so I'm not the only one down plus there was a placing last August at 0775, get anywhere close that and you're in serious profit. Keep looking at the mcap not shares in issue. GLA
Even though the deal isn't a great ideal MC has bought a total of 199,999,999 Million shares and 333,333,000 Million through Energy Mineral of which he is a substantial shareholder which in total equates to approx 5% of the business at a cost of £80,000 plus the other ones so he's put his money where his mouth is for starters.
There are now other II's involved and have clearly been tempted to invest.
This now draws a line under the funding issue, clearly CB wants this to succeed and knows the value of the asset. I believe we will be trading substantially higher in the coming months.
I taken more off the table and am happy to wait.
Energy Minerals is an associate of Mr Campion ....Has anyone find the owners of this company ?
Those are scary calculations.
He won’t resign though will he unless he negotiates a pay off for being an incompetent.
I did see this coming and i wrote about it during the week that they are going to take over this company for peanuts.
I hope these thieves die a very painful death??
I think you have it wrong Oiltap. Why did they not do a share place placement rights issue ? I am or was a substantial shareholder....I have just been diluted by more than 50%....that being the CB and MC have taken up those rights....!!!!
Well now...reading between the lines MC and CB own more than 50% of EUZ now....frigging thieves if you ask me....maybe that's why LR wanted nothing to do with it....
IMO the SP has been manipulated on purpose to give Myles and Colin a bigger slice of the pie....I think LR is on the way out as he had the perfect opportunity when it was at a higher price to raise more capital with less impact on share holders. He had a 10% reissue as a mandate which he never used. So he foooooked up again somehow. Now we are diluted more than 100%.....hope he is never employed ever again and he needs to be fired !!!
So they have money in I should say.
Inxentivised to make it work
I’m surprised I can see even a bit of positives in this - only because I thought they would raise at 0.01!
Surprised they raised almost £1m in these markets..... if no directors would bought I would sell now .. but they took a big part so it’s money now
Raised last time at 0.0575 then jumped to 0.16 - 2.5 bagged for some (not me, sitting on a heavy loss)
Now we are in bad position SP wise with crazy markets nd stupid directors but company has proven asset and little bit of infill and we could have interest. 3rd party don’t want because all inferred - if we have some indicated we would be peimed for JV or sale.
Just my 2p - fundraiser is sickening but have to make most
Not bad - can buy at 0.016
Bobby...when I say a ridiculous level I guess I’m comparing to what a lot of the rest of us got in at before they run the share price into the ground with incompetence. Our mistake of course buying in at the price some of us did, to believe the hype and what the “management” were telling us.
He’s in the same category as Justin Tooth. Talks the talk ( not very well ) but is a completely incompetent.
He’s running the share price of Bzt into the ground too.
I wonder though how much of a pay off he will get to sack him...paid because he’s a hopeless clown.
LR has never bought any share - the day he does is the day I eat my hat