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bitcoinbuyer Why would they give a S**t about their options at 16p when it was 8.5p to buy last week ? They still have to pay for them.
I have to say that I am pretty sure nothing is yet in the pipeline and Richard Cursie is doing his mates another favour by pushing the share price up so they get their 16.2p options.
Do they think we fell off a Christmas Tree.
Good luck with this !!!!!!
You should check out the SPACs that have been going on all year on the nasdaq. They have more like 50m cash and valued 500m to 1bn prior to merger. Typically keeping around 20% of the new company on merger.
Such valuations of 5m have not been unusual at all in the successful few this last couple of years. It depends on the quality of the management team, what they can fight for, and how quickly they can achieve it.
They say history repeats itself, but IMO I am sure it is all just coincidence. (I saw a comment here earlier about an NAE asset and an news release today about said asset increasing its potential?):
NAE (AB Chairman), sold NAE asset Redmoor to SML (AB Non-Executive Chairman, PW Executive Director).
Thu, 26th Feb 2015 09:43 RNS Number : 9561F Strategic Minerals PLC "Richard Corsie has a total beneficial interest in 50,000,000 ordinary shares in Strategic Minerals, representing 6.91%".
RNS Number : 9830X Strategic Minerals PLC 03 September 2015 "Richard Corsie no longer holds a notifiable interest in the Company's share capital"
Well if that's the case Madchatter we need a PLC production line.
£500k in and a 6 bagger Just do not get it.
Unless there is material news , a leaky ship with a up and coming deal this is chicken pie in the sky.
After all it is not a given that they will make a success of any deal.
Very intriguing this .
As for Keboo . Lots of skin in the game and get us a good deal going forward.
Again chicken pie in the sky . Having money in a cash shell is like money in the bank . That is not skin in the game as there is no game.
I think you all have Corsie fever.... He plays Bowls :)
He has has sub £100k invested and the market cap has gone up £1m
Would love to be proved wrong
Not a deramp just a logical opinion !
Kebo, I thought the directors held 29% of the shares, is that right?
Shareholder purchases more
I think you’ll find fair value here with no news is £2m with £500k cash as the shell has a value with no business ! Having chatted with the CEO Dean.I am confident he has lots of skin in the game and will get us a decent investment going forward ! Buy up to 24p before news. Good luck everybody.
Nearly 30% of the business changed hands over the past 48 hours. This has all the hallmarks of an imminent RTO. 31/12 YE deal?
@Ivan's many of those that have successfully rto from cash shell are valued 3-5m on 500k cash.
Still plenty of room here.
About Lind Partners
At Lind, we understand the challenges faced by management teams of growing companies.
By upholding our mission to be a responsible investor and a reliable financial partner, we have built a reputation as a leading provider of growth capital to the small- and mid-cap sector.
The Lind Partners is an institutional fund manager and leading provider of growth capital to small- and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind targets high growth sectors such as technology, biotech, clean-tech, mining and oil & gas. Founded in 2011, Lind has a multi-faceted investment strategy: direct investments of new capital ($1 to $15 million initial investment); participation in syndicated equity placements; and on-market trades. Lind has completed over 70 direct investments for more than $850 million in total value and has an established reputation as a flexible and supportive capital partner to investee companies.
Http://www.thelindpartners.com/cgi-bin/index.pl
This is a good read about The Lind Partners, asset management firm that manages The Australian Special Opportunities Fund
Http://www.thelindpartners.com/documents/FG/lind_partners/news/207859_Mining_Journal_Mar_2014_-_Lind_Partners_Unearthing_Real_Value.pdf
sold my small stake today in MUST for 50% profit. was in for punt when i saw certain individual pump in twitter.
like you said, now its overvalued on hype as they only have small cash around 500k and will need to raise or RTO. even then, its now valued far ahead than it should be, in my view.
i still have ORM which i believe the next shell will multibag from here as they have large cash 5m and mcap still only around cash.
Yep have to speculate on what is to come and the big players loading up edges it towards something good. Let’s see.
Yes I read that MNN but I suppose its what they are aiming to do with the company ????
Alan Broom Auzi based Mining Background ...
Peter Wale Uk based but mining also
The remit uk based on /off shore gas / oil ...
I suppose its wait and see.
Bit like roulette at the moment ..
BOD are the players , backing on previous success stories :)
3 times cash at the moment ... So on paper anyone buying now has in theory lost 2/3rds.
Only like buying and Bentley I suppose ...
I am sitting on the side lines at the moment but very intrigued by the sudden increase.
Either a leaky ship or some very bottle half full punters
Which is how it should be nothing ventured nothing gained.
You have to be in it to win it.
Good luck to all holders !
Might jump in on a dip.
Good Cash shells are hard to come by these days. The majority of listed shells are debris of a failed business. The same management will still be there , far too many shares in issue and unlikely to ever attract a profitable operating business. @Mustang_Plc is not one of these
. https://twitter.com/corsierichard/status/1337464339385692162?s=21
Look @ Richard Corsie MBE twitter .. Confirms its a punt if he is not telling fibs ..
I invested in a cash shell years back.
You only get a certain amount of time to start trading .. If not must de list
So they will be looking .... but not much of a war chest ...
I think Kevin Hornsby and Richard Corsie are just taking a punt.
No info to say otherwise.
Just don;t get it.
£550k in cash and At this share price £1.5m value in anticipation.
An investment in oil and gas in Egypt when Boris has said no foreign fossil fuel investment.
You don't get much for £550k unless its a reverse takeover .
They will not get funding so its a raise to deal ...
Just my opinion -- good to have a balanced view .
No, it's main market, there is no such requirement. Enjoy the rise! It needed to rerate anyway.
Should there not be an RNS to state; ‘We know no reason for the rise in SP.... etc.?’
Keep this one quiet lads, last thing we want is all the numptys jumping in and out and shouting £1 by Christmas !!
Anyone putting money in now should hold until news. Shares will be impossible to buy soon.
Target price short term 50p on news.
Me too lol
Certainly looking positive.
Fingers crossed they’ve got something huge lined up.
The big boys are loading up ??