Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Where has everybody gone?
I don't believe anything the directors of this company say about anything. I notice that the pump and dump merchants have moved on from this stock. It probably got too boring for them once previous holders of this company had their say.
Finncap out with broker note today talking about further acquisitions in technology space with applications not just in o+g. Guess share price performance really depends on how market reacts. Hopefully they will be better than the last lot of related party deals. The lack of director buys and Finncap being specific about technology space suggests directors inside and unable to trade. Suggests deals probably not too far away.
Fairly certain disclosing potential transactions in securities is considered inside information; nevertheless it's not the buying of shares I want to see, I want to see how they intend to deliver shareholder value
No it isn't insider information. Its not price sensitive. Whether they do or not is another matter. If they do it will have to be in size as well.
Wouldn't Anna disclosing that Directors will be buy post period be considered insider information ?
Anna has promised me there would be director buying post results. Anyone else heard that. If so why are they not doing so. Perhaps someone should remind them what they promised they would do. I think once they do that investors might give them the benefit of the doubt and start to believe the company has great prospects. It should do given they went ahead with this deal rather than simply return circa 60p of cash.
Quite happy to get in on the dips and wait for next months developments how many aims have £21M cash up front
Haha yeah that's true if only he was on the same salary as naut employees eh
Actually Dave could keep it and sleep in it, when Dave lost all his money on AIM!
How about if Dave scraps or sells the old taxi and becomes a stock market trader instead and makes his millions??
I feel NAUT is a like the situation below Dave the taxi driver has £2000 cash in his bank account (no savings to fall back on). His working taxi vehicle is old & dilapidated & hasn't got long left as has issues. To repair Dave's Taxi will cost £5,000 and to replace it with a new taxi £15,000 Is Dave cash rich?!
A massive problem with this stock is the concert party controlling 65% of the stock. Alan Quasha basically controls this company and he is quite famous or maybe that should be infamous. Google his name. This company has basically bought up assets from bankrupt Quasha businesses. How can you trust the concert party to look after the minority shareholders. The answer is you can't. They could announce tomorrow they are delisting the shares and not offer to buyout the minority shareholders. It's a horrible situation and they are looking at buying more assets. Is this more assets from bankrupt Quasha companies. Stating the obvious but only invest money you can afford to lose.
I really thought this may of moved up this morning,but looks like it was already priced in. It certainly would not take much buying/selling to move this. Let's hope for plenty of buying.
Anyone want to check my figures and thinking? Cash at 31/12/16 = $16.4M * Cash at 09/02/17 = $3M * Cash due 31/03/17 = $7M * Cash due 31/04/17 = $0.5M Total Cash = $26.9M (£22.1M) * = $10.5M convertible A loan note matures 2027 at 8% or 50 pence conversion price. New Fixed Assets following RTO: A) Three offshore subsea vessels = paid for by A) forgiving $8M of a $12M loan and b) $5m cash or 75% of Net profit payable in 18 months, (the loan being forgiven currently stands at $12M so having just forgiven $8M that leaves $4M still outstanding and as such offsets 80% of the $5M liability that is to be paid in 18 months time) B) Eight offshore subsea vessels + barge + equip = paid for by consideration of the issue of Convertible B & C Loan Notes as payment for vessels offset by the issue of A Convertible loan notes paid in cash to inject cash into NAUT. Loan Notes: A) $10.5M convertible A loan note matures 2027 at 8% or 50 pence conversion price. B) $6.1M convertible B loan note matures 2029 at 6% or 160 pence conversion price C) $15M convertible C loan note matures 2032 at 6% or 225 pence conversion price -------------- Personal comment: Given the conversion prices vs the current sp the loan note holders are all locked in and can't / won't flip them, so that just leaves the issue of NAUT servicing the loans at a cost of circa $2M pa in interest payments, but as they have over $26M in cash at present, short to medium term debt serviceability is not an issue. The age of the boats implies a refit will be needed on some of them, but that won't dent their cash pile by much, so the key here is how well or badly can they now invest that cash pile in cherry picking more fixed assets or businesses to flesh out their business plan, and how profitable will it then be? Unanswerable questions for now, but doubtless they will be informing the markets of their plans in due course. In the interim the market cap is a quarter the value of the cash, and less than half the value of the fixed assets.
Yes I read her report, then I made a coffee. I can tell you are passionate about this share and that's okay. But you obviously know this company well and I don't. I bought shares here on your say so and I'm only being cautious.
Are you still here?....Just incase you cannot read the RNS and take on board the content - this is the bottom. . Off you go.
See also your advice to us all yesterday Cadis - 'get in now at the bottom'.
See my email from Anna Williams - it lays out the timelines for presentations/strategy - the market will know in April how they intend to put the cash and vessels to best use.
Okay, so really it's a waiting game with a handful of aces but not playing yet. That's probably why no one's jumped on it yet. Thanks. I'll keep my cards and wait to see how it plays out. Good luck.
Well set up for the next developments which are going to be set out in the plans later on. Great financials.
I did get on this boat ride a couple of days ago. But I look at it this morning and I have to ask: We have a shed load of cash and a fleet of half decent ships, but what are we doing with it to make more money?
It's amazing the market hasn't taken this in. How can you not like the idea of buying cold hard cash at a significant discount? I remember when GLR was valued at cash and SP was just over 1p. Multi bagged since then! Wake up people.
Cash of 16.5M and as cadis stated another 7.5Million end of the month, total assets over 30m Undervalued, big time
the other $7.5 million, due at the end of the month too!