Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If you bought at 2p I'd predict a single or double bagger. Which some would consider good but I don't personally for the stress and risk that there was with this one.
But if you get given the option to buy more in a placement you could get a good return on buying more.
So you don't think anyone around 2p will do well? I think the raise will be higher than 2p personally
I first entered at 70p and averaged down to 1.3p for a grand total of £3k.
When the suspension was lifted I sold at 2.4p and bought back at 1.6p and repeated this cycle until I had £11,200 worth of shares.
I bought back in for 2.6p so feel pretty comfortable.
This isn't going to be easy money, the new share holders will do better than the old shareholder, so we'll have to put our money where our mouth is.
The funny thing is most folk will still be massively under even at 10p
It's all speculation. No one truly knows what will happen. I do think anyone will a average at 2p will do well
Hope we dont see your forecast I want it to relist at least 10p on relisting then take a small amount out and let the rest ride
This is what I see happening and you can play around with these numbers as much as you like to get different outcomes.
Current Market Cap is £2.32m and current share price is 2.2pence which means there is circa 105million shares already in existence.
RNS says purchase will be at least £50m that to means more than £50m and less than £100m so lets take the average at £75m.
Yes they could just issue more shares and give them to Redwood but then Redwood would be in no better position than now so I think they'll do a placing for a value identical to the purchase price. So they may issue say circa 3.5billion ne shares at 2.2p.
Quite common with placings they off the shares at a discount of say 20% so it may be more like 4.5billion new shares.
You'd like to think the placing shares are offered to the share holders, so if you had £1k worth of shares you'd be given the opportunity to buy circa £30k to £35k of new shares.
Then once the purchase goes through redwood bank would have another £75m cash on their balance sheet and the million dollar question is what would they be worth. Lets say for arguments sake £200m this would see a share price of less than 6p due to all the new shares in existence , so I think the share price could go up 100% to 200% max.
To get the maximum benefit of this we'd have to take them up on the placing.
I've got over 400,000 of these shares so could never fully take up a placing of the levels above as I'd need to stick in £350k but I'd happily stick in £100k if the above scenario was offered.
I hope for all that we get a boost that's long deserved
My view is that we will need to see further clarity on the funding raise by Mode via an RNS before we come out of suspension. This would likely lay out the placing to existing shareholders and the share dilution via new shareholders. Then once they have the cash another RNS will confirm terms with Redwood.
I am interested to see the terms of any open offer weighed up vs the size of new capital coming in (I imagine most will be new capital so they have certainty).
IS that whats owed to the redwood bank by customers or is that what the redwood bank is in debt for ?
Redwood bank
Who has over 400 million in loans ?
Over 400mill in loans
Imagine there is a vote but the people that need to hold enough shares to pass it
Silly question buy do we just come out of suspension at the new value (obviously diluted etc etc)? Or is there a share holder vote on the proposal? New ground for me all of this
So could all come to life before November
Rto can take under 30 days if same sector etc and being its the same people wouldn't expect this to take too long
That was for rewards
Bitcoin along with a other crypto currencies are only vehicles for trading. The blockchain tech has possible uses. Mode has proven that by failing as as a company. Major retailers on board but not enough take up to make it work. JR himself lost alot of money I imagine.
Definitely the future is going to happen and a lot sooner than everyone thinks,just take a look at what's already happening everywere.Digital globalization bitcoin is happening,my opion R8 capital with JR with there license for bitcoin right place right time could be absolutely sensational business to invest in right at the start.Something like this I wouldn't be surprised not for this to open up way over 50 pence and every man and his dog try and get a piece of.
This is the million dollar question, hopefully its all being lined up in the back ground prior to RNS being they appointed the Redwood Bank employee months ago ...
From Redwoods director -
What advice would you give to someone starting off in banking? And what should we watch out for in the industry?
Firstly, work hard and treat people as you would like to be treated yourself. And secondly, I believe we will start to see an increasing number of digital/tech banks and further significant developments in Open Banking and Artificial Intelligence, Blockchain and Crypto.
hmmm.. ;)
Not sure that current banking licences would allow for bitcoin. MODE had to give up various incentives as part of gaining it's licence, so I think it would currently be too restrictive for others to go down this route.
Regs may have changed since MODE attained their licence though
Is Bitcoin an asset class? Years ago declaring Bitcoin as a part of a new digital asset class was controversial, but with major traditional financial institutions such as Goldman Sachs admitting it is not only a new asset class, but an investable asset class, the tide has turned.
Could be possible, going to happen at some point as it is the future