Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This RNS is FABULOUS news and look at the detail. We are protected . Conversion price on 1st issue includes a max £800,000 at 5.78 p
On the second issue our market cap must have doubled to get all converted to shares.
Us share holders rewarded. Max c37.5M shares at 3.96p and a 1 warrant for 2 shares to convert at 7.48
We are now well funded and this is a great deal IMHO.
Indigo
I will be surprised if we don’t
For those of us who shares are held via our brokers what is the procedure for registering for the offer?
Just another note: all the shorters on here who've been going on and on about the fact that this isn't a going concern and about to go bust....we won't see them here today but you shouldn't forget.
Somebody obviously got wind of that RNS yesterday given the buys which went through all day.
I haven't got a clue where the share price will go today. We were at 6 - 7p about a month ago based on the progress made this year, the SP only crashed because of the funding issue. So now funding is sorted we could rise back up to 7p. But the Open Offer price of 3.96p might act as a bit of a magnet, pull us in the opposite direction. A few peeps will probably be happy to sell at 6p to buy back in the OO, and get some warrants too. So who knows what direction we're going in.
Warrants for existing holders who take part in the OO, I like that a lot
Right I'm not going to work. Going to have a few mimosas instead. Feeling just a bit elated
Bergen Asset Management, LLC is a New York-based global asset management firm focusing on direct investments in high growth publicly-traded and private companies. Bergen is sector-agnostic but has a particular preference for investments in industries that have the potential for above-market medium term appreciation.
£2M secured. Funding is secured. They'll also do an OO at 3.96p to reward existing long standing shareholders. But the £2M is the news, breathe a sigh of relief.
Glad it's not just me
If you were about to tuck in to a barbequed elephant where would you start?
That one will take some digesting
Great news, but It's a bit early for me, can someone spell it out in short sentences.