Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sorry, 27 working days = w/c 3rd June
Including todays RNS:
- £754,763 spent (25.16% of £3m) in 9 working days
- 3,535,459 shares acquired / cancelled
- Average price paid £0.21348 per share
At the same rate it should take approx 36 working days to complete = around w/c 17th June.
If the purchase average remains the same (21.348p) we'll buy another 10,517,124 shares.
This will leave us with 185,366,145 shares in issue (plus 13,762,222 in treasury).
The proposition it could end next month assumes trading volumes will remain well above 1m a day. But if volumes go down to around 400k a day then the company will only buy around 100k a day, which would mean several months.
The company can't artificially generate the volume by raising the share price on their own.
Personally I think it will end in August or September.
Nige
Yes pls.
NGR, I am loathe to post the reasons for my optimism on this BB as this playground of a forum isn't exactly the best place to have a sensible conversation.
If I can summon up the strength I'll post something when I get time. People can make of it what they will, whilst others will drown it out with noise.
I don’t get the obsession any more than I understand why anyone posting a view in contradiction to yours need result in that person being thrown into the xxxwit hopper? Shall I do the same with you TG and Kooba and see how you like it?
Does Nige i.e. NigWit actually contribute here or anywhere else for that matter e.g. Terrorwit ?
His acolytes are so so predictable in their responses - it's so easy to bring this about.
I see a potentially bright future here (I mean the company, not this BB).
I would be very happy to see Nanoco accelerate their share buy back at current prices..
I think those people playing musical chairs are concentrating way too hard on the finger and not on the moon..
Do you really need to be juvenile about this TG? Can’t you reply in any other way than trying to undermine me and suggesting I’m some other contributor? It’s not helpful.
Yes Nige silly me of course they will!
What “deals”? STM are just calling off product as required and yhey will issue a PO. Summer holidays have nothing to do with it - they don’t stop working for 3 months and head to St T for the summer .
@TG2D
Sounds a real possibility to me and doesn't need much imagination for that scenario to come about.
Not one for predictions myself but sounds credible given the lack of supporting details for any other.
Looking like end of May maybe early June for buy back to end average £100k a day..
Seems I was right on this one.
BT mentioned around 3 months leas time to meet commercial orders so with the summer holiday season fast approaching and most of the decision makers at STM going off on lengthy breaks it maybe early to mid September will be the first sign of any news on commercial deals...I expect long quiet summer here till Autum with the share price trailing down to mid late teens at best...GLA!
Think Brian our illustrious leader was thinking of multiples of market cap of around 12p being 24p the buy back price...amazing isn't it how he nailed it by exactly times two how does he do it with all these 'inflection' points!
Lol Morbox
Glad to see you've lost none of your humour - Keep healthy.
Stating the obvious, IF the board delivers (that’s a big if!) 30p if not 12p. Personally, after all this time I’m thinking of selling up and move on, will decide when I get back from the India ocean!
@Morbox
Which do you think has the greatest possibility over the coming year
30p or 12 p ?
Gorgeous day today - Spring has really sprung.
@Kooba - It's always worth recalling Xenon's famous quote :
' Again this is all purely my opinion and I might be completely wrong ' - sounds a bit like BT's guidance at times.
Why no straight div, I know, watch BT when the price (if ever) goes to 30p he will say what a great job the board is doing. However the Market Cap would be roughly the same at 18p per share (as of today) without the Tender, and probably more free share by then!
As a long-term investor, the last thing I expected was an offer to sell my shares at a loss in the hope I could buy back 2 or 3 weeks later at a lower price. My only question is why we weren't offered a simple dividend.
Looking increasingly like Xenon has issues that might go beyond Nanoco
Xenon again
Maybe they worry they won’t be able to buy back in any lower SP? There were some large buys yesterday (4 alone over 150k shares) in addition to the company buy-back. The big buys are likely to be from shares tenderred getting back in with a nice profit. They don’t seem to think the SP is going much lower... Those people who already sold can’t exactly sell more shares to lower the SP, whilst the company still has £2+m to spend buying back shares – on top of all those expecting to buy back in.
If you do not understand how a broker works an order on screen in an order book and then prints out one transaction to the client at the end of the day then please don’t comment on market activity or who or what is going on to suit your everyones desperate to buy back theories. Its getting embarrassing now.
Wow what an incredibly dull post that has nothing to do with the company and everything to do with someone’s state of mind and their ability to make silly allegations up.
Xenon you post diatribes on other o posters ..right? Interesting use throughout a post ..right??
Anyway stop with your silly theories and making stuff up. If you have anything relevant to the company please post.
Xenon
One of the de-rampers previously said on this board that LOAM were called into a secret late-night meeting with Nanoco management and must have had an insight into some negative news that made them want to tender their shares. Except… the management team have already told us what they know and LOAM doesn’t have any better insight into STM’s plans for future dot orders!
Please point to where this was said..i said that they would have had a post results one to one meeting as is quite normal as they are the largest shareholder , same detail as the investor presentation I imagine and that it had obviously not convinced them not to tender ..and in fact they tendered every share they owned. No suggestion of late night inside information at all..so stick to facts.
If you think Mr Hamoodi had a one to one meeting after the results you obviously are not up to speed on the relationships.
If you are struggling to make a valid point don’t make stuff up xenon.