Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Recent conversions pointed to this as a possibility.
Long way to go from this tiny mcap
28% now.
Just sent you a PM lol... fair enough.
Over ask paid.
But good luck all. Hope it goes up and stays there for you :)
It looks as if the pump and dumpers have abandoned this share. It will probably drift back down to where it started.
To looks like gong RED
shakey shake mm need shares
quickly this moves the other day. Interesting share this one.
I wonder if they would issue a speeding ticket if volumes are high again and we cross 50% up
Looks like it will rise steady throughout the day
buys showing as sells
Decided to leave it... so gl to you all :)
For a grand and leave it here. See what happens.
Good luck all.
No idea what's going on lol
10p coming already
25% up. 10's coming next imo. I got 7.6p
damn should have taken 8.5p... never mind. made lots here last week! Too hard to trade as need to use NT.
of 6,523,860 ordinary shares in the Company to their affiliated company Aeterna Capital Fund II, LLC as part of a tax-free reorganization.
and this over 2 sessions:
Nautilus Marine Services PLC (AIM: NAUT), announces that on 10 January 2019, the Company received notice from McLarty Capital Partners ("McLarty") to convert the US$7,640,000 Convertible A Loan Notes (as defined and described in the Company's AIM Admission Document published on 16 January 2017) into 12,524,590 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 50 pence per Ordinary Share at a fixed exchange rate of GBP1/US$1.22 (the "Conversion").
can we have 20p today
well I would if I could lol.
nothing at 8.5p. 9's coming now imo
yup up 10%... might buy back... but that never works for me!!
moving now. Could be a good day. gla
let see what it brings or bust lol
Something fishy going on here imo... another RNS with loan note transfer today... unsure what to make of whats going on atm here... currently not in will watch closely....
GL
Early last year something similar happened at Altyn, a gold mining company. An investor called Assaubayev paid 3p for a 10% stake in early 2018. At the time the share price was around 1.6 pence. Posters on LSE were all saying why didn't he just buy on open market instead of paying double the asking price. Altyn are now 0.6p but it does show that sometimes someone is willing to pay well over the odds for unknown reasons. I note the last posters comments about the possibility of this being used to recoup the note holders money by forcing the company into liquidation. On Friday I read an article about this being a reverse takeover and that another company are changing their name to Nautilus Marine (the link should be on a post further down from Friday afternoon). On Friday I sat in front of my dealing system watching this go from 80% rise to 300% rise and annoyingly couldn't get in. It closed down (if you can call it that) with a 100% rise.
The deal today makes a huge difference. The company has plenty of cash and some assets but this was balanced by the long term debt. That is shown on the balance sheet. A lot of that debt was retired today so the company still have the cash and assets but now a lot less debt. The company had to issue new equity but at a huge premium. So the company value has increased by 6 million...,at least on paper. The company will book a huge gain on the yearly results. Say you have 10 million in the bank but you owe 10 million to a second bank. You have nothing in total. The second bank say to you give us 4 million in full settlement of your debt. You pay them in full,,,,you now have assets of 6 million. Very unlikely but maybe the company involved here made a huge profit last year. They have now made a big loss on this investment....offset against tax in a profitable year.