Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Dont be silly only 3 with 20 million. you do like to scare monger.
do or die for most investors here now, including the big ones. Got to go Kylie has turned up, who would believe it. News by the end of the week.
Doubt it mate . Resolution just passed for upto 35 percent dilution.
Consolidation is likely.
Could even suspend tomorrow. Shard won't be happy with 1.1m debt and it's getting low now the cap.
Could be an uplift now the big sell has gone through, must 've been hard to shift with this low volume. looks like a double or bust sitch here atm. GLA
Only 3 with that amount of stock nice try
Could be anyone selling, 20 million not that many. I cant see Lyates, Mcadder or LT selling. there in it until the end.
Well if No tr1 in the morning it must be lyates. LT or maccadder would be go under the threshold.
So one of the big three is dumping.
But why are they dumping and only one of them. Looks like one has been ripped off and now the other two will follow suit. This could be sub nominal value by tommorow morning.
If I was holding I think I'd be pulling first thing . Looks like they are selling at big discount and the MMS are not likely to want to take the risk here now.
Where are the leaders ?
Onk onk those pigs need feeding
Placing coming
I think you are right. Definitely a tip off and someone knows it's less than .16
The company has told the market that a placing is coming and the scale of dilution is 35%.
No-one will buy any shares in any volume until the placing price is known. Therefore it is proving impossible to sell other than to market makers who are looking for massive discounts. Even their patience will dry up this week in the face of Saharan liquidity.
Complete botched job by the board. Suspension of trading is the only sensible thing to do while the finances are sorted out, otherwise it's a race to the bottom.
GS and DM are out of their depth now and a lifeguard is needed.
wonder who's been tipped of
Must be timbob he said he could sell
I heard Kylie was having trouble with her back again
They wanted to get there money back, this was motive enough. It looked good on paper so was easy to believe, its been in worse states than this though but i fear the overhead is to much to bare this time.
Of course they could be just about to sign a deal but then there is probably more chance Kylie Minogue jumping in my bath tonight.
The problem was they was all **** sure. That led to others less intelligent believing their convincing research. Yes they maybe was genuinely convinced. It's the way they was so sure of themselves that ultimately cost alot of folk their shirts .
Starbuck911 - having met Sharelock I can't agree with your view of him. I feel that his posts always gave the logic from official communications as to why he felt the say that he did. It was those that had been sucked in by Minty's loose lips and then spouting off with confidence bordering on arrogance that I take challenge with as to what their motives are
I agree warrant.
There was a rumour that they had refused cash at 1P. Plus the usual suspects on here wombat sharelock and Seadog saying they won't place but below last year's PP. They will place at 2 p after a deal.
Now look at the state of the SP. No wonder none of them will show there face on here.
If they do they be going on filter with timbo .
If only we had a decent Finance Director / CFO that managed the finances in a risk adverse way. He clearly knew what was going on and he should have taken care of all of this back in January, but no we have the son of the legend who will have known fully that there was nothing in the pipeline but chose to ignore that & let us drift to where we are now.
They should of dealt with this with some foresight & strategic thinking rather than the tactical way they have been to date.
The lunatics are running the asylum
According to my calculations should be with us by month end. Any thoughts on the matter ?
Cash raised last time and failed OO offer , must be almost gone. Feel sorry for the ones who bought in then like MC adder. Hopefully it's not lights out .