Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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And now we are going to end the day up!
My guess is it’s on off market trade. Seller wanted out and worried that drip feeding onto the open market would push the price right down so offered them to Pelham who gladly took them off his hands at a bargain price. Good for him. Much better for us that way.
Quiite possible they wrote the wrong price on the rns? lets hope it wasnt actually a sell LOL
I was going to post earlier about large support around 5p and that would be a great place to buy in while moral would of likely dropped through the floor. Seems Pelham has fixed the bottom personally. For the record I have now dived in and added as I do not think I will see that 5p mark myself now.
How did he get that price . 5.16p
I’ve bought more today. That was a clear buy signal for me.
Must have been off market.
Been waiting to buy lower close to 5p myself but the sp didn’t go that low. How the hell has Pelham managed to buy at 5.16p at that amount?
And good to see it’s the obt ords and not the Argento pref this time. £155k of the Chair’s money says this is a buy.
Chair buys another 3m. Nice price for him as well.
Well a bit sneaky with the after hours RNS.
How many broker notes saying 30p was cheap.
Looks very over sold but have been caught out before when a company delisted.
The normal PI is the back of the queue. GLA
Take away additions and its a 20% drop [in 1 year]
NAV is stick your finger in the air job.
Drop for last yr full results
Jimzi, where are you getting your devaluation of assets from. NAV is unchanged since end of last year.
Have a punt by all means - but unless you know the plan - its risky - it could de-list - then you have a world of hurt - the assets have been de-valued significantly on what appears highly speculative valuation methods.
How is the mcap justified - the bod might know but you can't justify it from these accounts imo
Join the dots....
In July the Chair bought 5m warrants with an exercise price of 20p that expire in 18 months.
Rath Dhu took their holding over 3% last month.
Richard Byworth, a mate of the Chair, bought 9m of these at 8p in July. What does he know that us PIs don’t....
They would have been better just releasing it at 7am, nasty hit at the moment.
bit sneaky...after hours update. Disappointing..... their only jewel now would seem to be the new veneer factory. Also can't see them maintaining an AIM listing for much longer, seems little point when so little trading, and costing 200k odd p.a..
To be fair it’s been one way traffic already. Some positives and negatives IMO. Pelhams reminder of what he has invested a nugget of hope perhaps..
Very bad set of results in terms of use of resource and high cost of borrowing funds for short term, It's needs to get long term trade finance sorted with better terms till that not tradable.
DESIgned to go down. Downbeat but I’ve added shares- misdirection. Assets devalued by 35m. Deferred tax unchanged though so that doesn’t add up. And why is there DT anyway (65m) Nothing adds up so yes, they are up to something as per our beloved Market. The only way you’d find out what’s really going on is to go to Africa to find out- a project no PI will do. So uninvestable imo.
Is this going up or down tomorrow?