Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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But isn’t bricklive just going to be servicing the debt and administration costs. They need to pay wages and can’t pay in shares forever. Those paid in shares will need to sell, ranjit will almost certainly unload as will creditors. I’m worried about low liquidity and a lot of shares to be dumped. I’m not buying now but will of it goes to half the current shareprice
If you look at the previous rns’s and the turnover against the number of BL events, average order is £150k so far we have about 23 events and we are just 3 months in 2024. I believe we will do at least 50 events this year which is 7.5m , only costs are shipping/depreciation and repairs when needed which is outsourced, so i’d say we can make 70% on this which is over £5m , running costs for the company have been drastically reduced i’d say its £1.5m so that is a profit of £3.5m and that does not account for the potential with the cornerstone and formula E. plus we are cashed up for the rest of the year. There will also be new brick live models/tours. With 400m shares current MC is just £3m . This is a steal imo and i will continue to buy.
Simple, I am not far behind you with an average of 2.45p. I have to admit that I am tempted to exit at break even, or do I sell some and hold some hoping for Utopia. I have been unsettled by the recent rampings of some on this board prior to the lifting of suspension which have now turned out to be the ravings of demented persons. Otherwise the SP would have soared by now. Moral of the story - ignore the rampers and their supposed information because it is b o l l o c k s
I've refrained from giving an opinion until there's confirmation within an RNS, so here's my concise take. It's positive that Bricklive is generating revenue, though the amount remains unknown to us. I anticipate no significant change to share value until the cornerstone investors and the company finalise their due diligence and a decision on choice and direction made, which is expected by the end of May or into June. We remain hopeful for a bright future, but the timeline for any substantial improvement is uncertain. My investment average is relatively low at 2.27, so reaching that figure would allow me to exit at break-even, which would be satisfactory.
I took part in the placing but also buying more, don’t think it will stay at this price for long.
Don’t forget about covid … personally managed to half my average this week to 2p … hopefully it will work out well..
But that will be .... 90% it's barely
My message cut off for some reason
but that will be less than 10p per share with enlarged capital. With a loss of 90% it's barely worth selling out now, might as well see if the 'cornerstone' investor can make something back. At 0.9p this might be worth a punt, but DC droll presentation hardly inspired confidence
So much has changed since 2019 when I first invested at 57p ! ... but I think it's worth giving new(er) private investors a bit of context. Back then there were approx 60m shares in issue and the mkt cap was around £30m. Bricklive was in a significant growth period, with 60+ annual shows / exhibits. I saw a potential for £2-3m net profit, a p/e of 10 and double digit growth.
How wrong this all proved. DC embarked on a series of frivolous side ventures and the rest is history. Could this return to a £30m MC company ... well hopefully yes - but that will be 90% it's barely worth cutting losses
Looks like they were in a hurry to get the good news out sue-they also missed out the word update re corporate update !
happy to overlook that too lol.
i think you will hear more when one of the investors finalises an agreement ,but not about the one who falls away given confidentiality agreement .
All very positive so far ....there is the small matter of the due diligence to get over !hopefully the investor will derive some comfort from the extensive audit.DC seems confident but that butters no parsnips!
happy easter
Great news, looks like we’re definitely heading in the right direction.
Looking forward to to hearing more about both investors.
Think they’ve put wrong date for GM 🤔
But I’ll forgive them, providing they continue to give us positive news.
Brilliant news. Plus 1 more Brick live contract a few more signed. This is clearly the bottom.
Fantastic news for sentiment and shareholders
I wonder if the decision for Ranjit's resignation was part of the due diligence of the new investors. All the deals Ranjit was part of stink and would be huge red flags for any investor
Hang out the bunting! Ranjit finally leaving the BoD! Woop Woop !!
Second Cornerstone agreed Head of Terms. Let the bidding war begin! :-)
Unless the alternative for the creditors was £0, then they take what they can
Dunno - but there’s no way that I would subscribe to a placing at 1p or 3p or have shares issued in exchange for debt repayment just to sell immediately at 0.7p!!!
What will happen when creditors are issued shares through the EBT? Will they hold?
While there are limitations on what can be disclosed, any information shared during the webinar can be verified through RNS since it's already in the public domain. This approach ensures that more people will acknowledge and trust the information in an RNS than those who are aware of the webinar and its content.
Https://www.investormeetcompany.com/meetings/investor-presentation-591
Once ther new investors are in, I expect it to fly, so I bought soon after re-listing as at under 1p I see them as a bargin. as new will soon flow afterwards for sure.
As frustrating as it is, DC has explained his hands are tied ref two investors, until the end of May, the way I’m viewing it, we’ve waited this long, what’s a couple of more months.
I’m just grateful we’re out of suspension,
with hopefully an investor in the pipeline, so we’re in a better position than we were in.
I agree it would be good to hear if second investor signed, however, I appreciate these things take time, so I’m hoping we’ll hear soon.
As for sp, sadly I think we’ll just sit where we are until we hear what’s happening.
Happy Easter to all 🐣
I think you might be correct Hugh. Sad to say it but it is what it is!
Hardly any movement and very few buys and sells. I think that says it all about this company and its perceived prospects.
Can anyone post a link for the webinar please. I am at present in Romania and internet at this location can only be described as patchy! On for 10 minutes of for 20 minutes.
No RNS to back up what was discussed in the webinar then. Pretty much says it all and suggests yet more fluff without real substance.
Yes, that's the one I've been looking at.
The sticker for Google and the foreign markets is PTV3