Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Looks like those share holders who didn't tender have lost out to LOAMs cunning little plan and the share price will no doubt inevitably fall...Who knows LOAM might dig the hoover out when it reaches 12p in a couple on months...
This whole approach was influenced by LOAM and the tender was oversubscribed massively. Surely no one can be surprised by the news this afternoon.
What’s around the corner though….BT and the board wouldn’t have dug their own grave so I expect to see LOAM back in with a skimmed profit and the whole thing smelling like the John West factory.
It's rather nice to have these civil discussions for a change.
But it is a mute point if LOAM expected the share price to surge on the back of imminent commercial orders from STM why try and off load 100% of their holdings at 24p now?....unless of course they don't see any large commercial orders in the immediate future as in next few months arising...
Who knows maybe it's a cunning plan to buy back at closer to the cash cost of what £23m looks like with 185m shares in issue or maybe they looked at their investment portfolio and saw better returns elsewhere and needed as much cash as possible...But the fact of the matter is they tried to sell up and exit and were only partially successful, although by the looks of things they got a large chunck of the available £30m and are no doubt off loading the remainder while the price is above 20p and supported by the £3m on market buy back...Funny that I did question why the buy back price was so high at 23p, and much higher than I suggested being to start once the share price falls below 20p or did LOAM agree the floor would be 22p to 23p to give some litigimate credence to how it was being operated?
Either way we should get evidence via TR-1 notices assuming that 8.5% stake dwindles further!
Actions speak louder than words as the saying goes!
Maybe that was their original agreed modus operandi get as much cash out through the £30m buy back and squeeze the remainder out through the £3m 'on market' buy back by keeping the share price high.
Retail investors with all fairness are warry of the behind closed doors shenegins with the Board and LOAM from the Samsung settlement debacle where Board guidance did not reflect LOAMs actions and the outcome for retail investors, many of whom, I might add supported the 37p placement a year earlier, felt very misled and misguided on expectations based on all the Board communications that were relayed over the proceeding two years!
Wonder if Loam are thinking of investing in your flash lamps Xenon :
https://www.linkedin.com/pulse/global-xenon-flash-lamp-market-2024-2032-exclusive-rnqtf/
Kooba, "Loam would have had a one to one meeting with the company after the interims" blah, blah, blah..
And what happened in that meeting Kooba? Do you think Nanoco's CEO has infiltrated some of STM's potential customers? What do you think BT knows that he has already told us that he couldn't know? Come one, give us an example instead of saying LO would have been unhappy pocketing 50% profit on some of their holding.
I know... What if BT knows that the dots explode if exposed to sunlight? STM have been working with these dots for years but maybe they've never taken them outside!
I'm always unbiased.
Troublesome, is that your unbiased opinion?..
Seriously, do you guys finish each other's sentences?
Desperate.
NGR, even if they bought the same number of shares back at 22p they would have pocketed £737k of free money. They were always going to make some money... Or, they might see something else to invest in.
The really big question we need to ask is... why do we care?..
Kooba, 404x, TG2D etc care as they want to use it to create a narrative of panic because they want to buy back in at a lower SP. But there isn't any panic. LO's money isn't missing from the company - we gave it to them along with anyone else who wanted some. LO aren't selling 36.8m shares, they've already sold them!
If I were Nanoco's CEO I'd be glad. The fewer big holders who have the ability to create artificial SP swings the better. And LO have got far less ability to do that going forward.
So, I see this as a positive outcome.
Troublesome Loam would have had a one to one meeting with the company after the interims before deciding on what to do in the tender…it is not a great vote of confidence in the long term tendering their entire holding. But maybe there is a cunning plan that is not as transparent as that that someone can make up and post?
X
Kooba, do you think LO have used your company valuation calculations and that they now know what the share price "should" be?..
No i’m sure they did their own calculations very similar thats why they decided to dump out i reckon? What do you think?
Looking at the SP, nobody else seems to see it as good either !
Does nothing for sentiment, trust, confidence or belief in the CEO meeting any of his targets or increasing commercial orders in the short term, possibly medium and longer terms either.
I dont want to spin anything X i just know the largest institutional holder that knows the company inside out and has been invested even longer than you has just tried to sell their whole holding at 24p. You tell me why that is good?
They have many investments and maybe want to free up cash to reinvest elsewhere ..they can invest in quite a few other investments you know they can move on after all now they had another liquidity event they supported.
I know how institutions work fella and i don’t need help telling me that they bought some sub cash and have sold at a modest premium.
Doesnt appear it is me furiously backtracking..and it appears however you look at it LOAM thought 24p too good a level to turn down.
Maybe just maybe they are looking to replace their holding lower down nearer current cash…what’s wrong with that as a professional strategy??
HA HA ha Xenon you are doing my job for me maybe we are the same person hah hahhhahha
Kooba, do you think LO have used your company valuation calculations and that they now know what the share price "should" be?..
They could buy back in but only at 24p and below otherwise it’s not particularly clever. As the largest holder perhaps they felt they could control the price more than small traders who hardly move the needle. Currently they could add over 10% at these levels. Only time will tell.
Kooba, I know as much about LO's intentions as you do... yep, you don't know and I don't know.
And yes they do trade the market. Did you not know that's what they do? Of course it's good for Nanoco that they have reduced their holding.
Tell me why you see this as bad news? Do you have a conspiracy theory? Do you think LO have sent people to infiltrate STM's potential customers to find out their plans?
You want to spin why they sold at 24p as a cause for concern. You do understand thats a nice profit for the ones they bought at 16p? Let me help you, thats not 1p difference, it's like.... about 50% more!
Its good though that you pointed out they only bought the stock when it went to a discount to cash..maybe they use that as a benchmark??
so they have traded out to buy back in..oh are you not going to **** them off as short term traders??
what makes you even think they want back in they tendered their entire holding..were they not afraid of the taking a bullet and the price running away from them.
you have no idea whether they might just want to dump the rest having got a good price for the majority of their holding do you ? no idea of why they sold and their intentions now.
sorry you can’t spin this after everything you have said.
Kooba, yep they tendered - and yep I bet they plan to buy back in if they see an opportunity to make some money. You see, that's their job...
Do you know how they make their money? They buy and they sell. And then they buy. Etc...
They bought 8.1m shares at 15-16p in Nov-23. They tendered. They made £650k+ profit on those alone. They didn't need to know anything more than you or I knew about Nanoco. I did exactly the same as them when I bought more at 16p.
You desperately want to read more into it to fit your narrative and to serve your own agenda. But it's nonsense to try.
@TG2D
Please be serious -investing isn't supposed to be fun, or is it ?
Troublesome
That sounds like what goes in the newly installed dungeon device room!
Probably got a rack torture device in there as well for any potential customers!
Here we go :
"I would rather a mind opened by wonder than one closed by belief "
Maybe Terrorwit will post that one one on Advfn too as he didn't seem to like the ' Life is short' quote just my alernate or extended versions.
Wonders will never cease ;-)