Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Knigel, I'm not concerned with the actions of other companies; they're not pertinent to this one. However, if we are comparing, more are in a favourable position than not. Your comment suggests you invest only in companies with poor management. I expected a decrease in value upon this share's relisting, but this is not merely a drop—it's a collapse. You may be comfortable risking £30k on a whim, but I am not. The idea of DC stepping down seems unlikely unless forced by ill health. I don't have an issue with DC personally, only with his management style. He's an effective salesman but not suited for what follows, turning what should be a profitable deal into a costly error. My stance is clear: if the share price recovers, I'll exit, but I won't accept a £30k (73.21%) loss that could easily have been avoided so you will just have to suck it up and put up with the moans until the error has been reversed.
Knigel you’re right, time to use the filter option
Have you considered that relisting was an opportunity for creditors and directors to sell shares and regain some money. An opportunity for DC to secure assets through his convertible loan? All at the expense of shareholders!
Knco - don’t you get it? They are clearly not shareholders and may even be the same person imho… of course there’s plenty to complain about with LVCG but the AIM/small cap sector has had a dire few months - I have lost count of the number of companies issuing shares for debt or delisting!! I simply don’t know why a few here have not yet sold out but perhaps they don’t want to go from the frying pan into the fire re invest in another high risk share.. sentiment will change if one of the two investor options happen and we have new business lines.. also if DC takes a back seat… the filter button is quite an useful tool :-)
"Hughe nope it’s not £2m that’s when there were 260m shares , it’s now 300m i’ve accounted for that"
The market capitalization remains at £2.08 million, irrespective of the number of shares. What your figures demonstrate is the dilution of share value from the previous 260 million shares to the soon-to-be 300 million. As insiders depart from the faltering company, the share price continues to plummet, contrary to expectations of recovery and growth. Isn't it time to face the realities?
Knco - Who is the greater fool: the one who naively predicts the share price will hit 10p by summer, based on a madman's ramblings, or the one who seizes the opportunity to average down during the low share price, thus enabling an easier exit during a potential future surge? Personally, I believe it's somewhat mad to take such a risk and invest more after losses, but I can see and respect the logic behind it. On the other hand, you seem to be blind, in denial, and unwilling to reassess your investment based on reality.
Hughe. Everyone can see who the plonker is, you don’t trust dc yet you are buying???? Go figure.
Hughe- you are a nutcase and you make no sense, as dc can harm it, even if you buy at 0.2, ao that makes no sense, as for the other poster, they have enough cash until
Jan 2025 and they cant raise cash, nominal value is 1p
It is about supply and demand and there are creditors and directors past and present that will most likely be offloading. If those offloading exceed the number of buyers the price will drop until equilibrium is restored. That may be at 0.5 or 0.3, is the shareprice important? The assets they have will tick over paying debts and wages, just hope they don’t try and raise cash for more hair-brain ideas they can’t execute, or dilution will be massive at these levels. Keeping thinking about Startart if you want to know how much shareholders are valued and the motives of this company.
Knco, I am a nutcase and a fruitcake bashing my own investment? What a plonker you are. This company is run by an idiot and you profess that this will be 10p by June having bought at 1p+++ and now seeing your investment almost halved. At least I know when to buy and when to exit. I am in the process of averaging down to a level that even DC cannot harm.
Hughe, you’re the nutcase, bashing your own investment, and continuing to buy, you’re a real fruitcake aren’t you?
Hughe nope it’s not £2m that’s when there were 260m shares , it’s now 300m i’ve accounted for that
Those are MB10 style assumptions! Your charity insight is much closer to the mark.
Knco AKA Tintin200, LVCG is not at 2.5m, it is 2.08m. Glad I did not buy more at the placing price. After all your ramping and "insider knowledge", you must be sinking fast. Had another punt today at this price, not because of anything you have said but because even that nutcase DC wants to see something for this investment after all his 20 previous failures
This is the reason i continue to buy.
exactly, look
at hzm total ****, rns clearly states it’s likely to delist and sh will get nothing yet its risen today by 25% and mc is £5m compared to lvcg which should be in profit, we are not in a great position at the moment but currently it is way undervalued at £2.5m
Basically, what you are highlighting is any AIM company that requires capital is struggling in these markets and at risk of going under.
And it's obvious that funding, if secured, isn't favourable for shareholders.
On that note, it's probably best to point out to the DC fan boy who thinks that 50 BL events will pull in decent revenue, that at its height of 76 events in a calendar year Clit issued a profit warning!
Its a funny old world innit! Currently I have 53 investments, 31 of them are in profit and none of those in profit are on AIM. This one comes out of suspension at a massive drop just as another goes into suspension. I was lucky with vast, as I offloaded most of my shares at a small loss before the consolidation and just left a few in 'just in case' which are currently running at a 37.65% loss which I suppose is piddling compared to being down 73.21% in here.
it’s a leap of faith at lvcg on if you think dc will land one of the strategic investors or not. given there are two he is chasing, the odds are better than if there was only one option. the majority of the debt was converted at 3p - he could easily have totally wiped out shareholders by converting that much lower and he did prop the company up to get it relisted with a personal own and guarantee - he could have let it stay delisted and proposed a much lower conversion price for his shares. it’s still revenue generating and with op costs totally slashed, should make a profit this year which is better than 99% of aim companies. the mcap is only £2 million - which is nuts as the loose bricks alone are worth £6 million - never mind all the models. so he could sell the bricks, pay his loan back and there would still be enough to pay back shareholders twice the share price.
so while it’s not great, and there are still issues, it’s not all bad and could have been a lot worse. dc is a ****. of that there’s no doubt. but there are even bigger ****s out there. consider the following in the last couple of weeks alone where the directors have taken being ****s to new levels of ****ishness:
horizonte minerals #hzm - restructuring of debt “unlikely to be a positive outcome for existing shareholders”
loop up #loop - cancellation of listing
bidstack bids - administration and ceo buys it out of admin.
supply @me capital syme - it’s just a money laundering scam
bens creek #ben - drawdown of working capital facility (death spiral finance). ceo paid himself £1.4 million for losing £24 million.
c4x discover holdings #c4xd cancellation of listing
itsarm #its cancellation of listing
soundrel #snd - delisting
byotrol plc - cancellation of listing
molecular energies plc #men
and watch out in the next couple of weeks for the following
superdry #sdry - dunkerton was going to buy it out, now a placing at a very material discount and only in the condition that it’s taken private.
genedrive #gdr - after a year of death spiral finance has run out of cash
#vast resources - where to start. remember i warned you about vast at 9p - massively in debt, no sign of any fantasy diamonds - so a massively discounted placing, administration or delisting.
And we all know Knco AKA Tintin200 being an insider cannot be wrong :-)
Don't worry knco has guaranteed it to be 10p by June
I am cutting my small losses and wishing you well as it is still falling I notice.
My mistake buying this Phoo the other week.
No one can predict the (so) future - by next week we could be sub 0.5p or back over 1p - who knows!!
The new business investors may bring a fresh spurt. hence I bought a few the other week but I know the risks. They did go from 3p to over 12p once.
They are now even cheaper at 0.75 and I should have waited until after the meeting.
I must learn from my mistakes.
A lot of the rentals are to shopping centres who are already strapped for cash due to the shift in online shopping. Many of these are also council run and therefore cannot spend huge amounts let alone 150,000.
The largest sets that go to zoos, probably do achieve this, but far fewer.