Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Seems oversold on placing, CBD potential and proceeds of any sale. Its 'lost out' derampers month and SP is weak. Non core assets will be sold, but common sense will prevail and good assets relevant to CBD wil be kept
In for 10K hope to get 50k on any drops.
I'm out guys, I've given this p.o.s. one to many chances of coming good, GL all.
£7m market cap and drifting - 28 per cent down at 12.30pm
"The Company has also increased inventories at Zoetic ahead of several significant presentations to potential customers. Should these meetings be successful, it is imperative that Zoetic is in a position to fulfil orders quickly."
Coulda, Woulda, Shoulda.
You know hat is coming next.
Why have these inventories built up? I thought they were selling by the shedload?
Hmmmmm..................
So I guess we're no longer 'vertically integrated' now then, since the assets that support this are going.
Don't these assets also cover all of HNR's overheads including CBD (or at least did)? So costs are going up?
Possible loss of nitrogen resource which was touted as providing +30% plant yield.
None of it makes sense unless other, better news is on it's way.
So this leaves us with a CBD only business that needs to justify an MCAP of ~£9M.
No CBD financials from HNR released. No substance to future plans, only vague ideas.
So now NT really needs to demonstrate that HNR have a robust business model backed up with sound financials and contracts, otherwise there's no value here.
I am going to stick it out. I have no option really as my holding is not worth much now
What’s everyone planning to do now? Stick it out or take the pennies we have left? Chances are this will go bust completely or there’s some further cash stealing scam involved.
Also where are the lying rampers? OSG? HD? Where are the apologies for us being derampers who profit from this company losing? I’d be happy right now if I was one of those. Instead another few thousand gone thanks to robber price, the career criminal. Should have listened to the guys years ago who have been warning on the advfn boards about RPs past. How I got slated on here for daring question his integrity.... turns out it was worse than even I ever expected.
same - nearly 75% down now
just have to see what happens now - seems problems are a lot bigger and deeper than i thought a couple of weeks ago
.
Lost a small fortune here like a few others I presume. How are you lloydee? hope you are not suicidal, I feel your pain and more.
I feel absolutely disgusted with Mr Robert Price I hope no-one ever invests in any of his future business ventures. Conned again another bottom drawer
HD, FADEC, BH, BS all will be back soon enough once the dust has settled to tell everyone what a great opportunity there is now
DTU not worth even 12m shares from here. This was the biggest scam that hooked everyone in. It's a really sad day for LTH who believed in the tech
They raised the money they did not need because billionaires thrust it onto them.
Which they were going to use immediately.
Which they then didn't.
They then had some "unexpected" bills which needed paying pronto. For which they drew down a $500k facility.
Which has left them with the money that they raised that were not needed which they used immediately which was not used immediately now left there immediately to be used in the future immediately whilst also drawing down $500k immediately.
NT went to Oxford don't you know!
It'd make sense for them to give him DTU in exchange for his shares.
MCB55 if you think he will hold these shares after everything that has transpired for the last 3 year then you being very naive at best. He will sell to get his investment back. He bought these at 5p. He then has warrants which he could buy if SP north of 5P which expire in April 2020. He's basically in a no lose situation all at the continued expense of share price. HNR now have one egg in a one basket. The legacy of RP will continue to take this down further.
He was not pushed.
He was simply found out!
By it's very nature a charade is finite.
I think he was pushed, nothing else makes sense! I don’t think that he is a privately wealthy man, so unless he has wealthy backers he can’t do much with hnr’s residual assets, except float a new company and there might not be many buyers for that given his track record!!
sorry 23.5m warrants at 5p
19th August RNS:
" The new funds will be utilised immediately in expanding our manufacturing capabilities and further developing awareness of the Zoetic brand."
4th September RNS:
"Consequently, the Board resolved to draw down in full the $500,000 bank facility. This satisfies these temporarily higher costs whilst preserving the funds raised in the placing on 19 August for future expansion and ongoing operations."
Hmmmmm..............
"utilised immediately" or "preserving the funds raised in the placing on 19 August for future expansion and ongoing operations."
So one of the two RNS's is either an error or a downright lie. I wonder which?
Why did RP resign do you think? Was he pushed, is he an out n out oil man and uncomfortable in CBD, did he see more bucks to be made out of hnr’s residual assets? He still has 12m hnr shares and so he will want the CBD biz to make these worth a lot more than now!
negotiating asset sale with the same guy who owns 12m shares in the company and holds 12m warrants at 5p. You really think this will go anywhere on any positive news with an overhang of that magnitude. Plus they've fully drawn the £500k finance. Robert Price will continue to bleed this company long after he has gone.
Here today (hence the surprising news....),some who gloating about their savvy wisdom with the likes of "I told/warn you so....." YET, I am sure some of those guys bought,or looking to buy now on the cheap....GL whatever as long that you are a tad more honest than the likes of RP.....and more importantly succesful too....
Robert Price said:
"It has been a privilege to have worked with Highlands over the past four and a half years. I am proud to have developed the portfolio of natural resources projects and also to have been involved with the Company as it re-shaped its business and established itself as a vertically integrated CBD business.
Shameless to the very end! Salt into festering sore. What's that about "classless"?
" I wish the Company well for the future." - he forgot to add "the one which I helped to destroy single handedly."
I'm sure that I'm like many LTSH's .. stuck. My shares, originally based on the enthusiasm of RP and DTU, now ave in the 40's. Hindsight is a wonderful thing and perhaps I should have cut my losses and dumped HNR many many months ago. But, I didn't .. my choice and my responsibility !! I can't really afford to sell now. So here's being hopeful