Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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AIM shares are just too much for most investers. 11 years of AIM has told me that the best strategy (assuming you want to get involved at all) is to just trade lumps of capital in say 4 or 5 shares and take immediate profits when available. Traders will say anything to keep punters on-board while they trade in and out of the shares with impunity. AIM shares are not an investment. Fundsmith, Scottish Mortgage or Pantheon International are investments and ahve paid me handsomely I am just glad that AIM shares only constitute about 5% of my portfolio !
Surely they will have to refund the raised cash based on # shares ??
I still believe they will manage to do RTO with another company.
From the RNS:
'Should the Company not complete a reverse transaction within six months of the date of suspension or be re-admitted to trading on AIM as an investing company under the AIM Rules, it is expected that the Company's shares will be cancelled from trading on AIM.'
It doesn't necessarily mean all will be lost, but it could be. The money doesn't technically disappear, but the company will disappear from AIM if they don't relist. They may have to relist as another company or on a different exchange if they don't relist as an investment company. Can't say I know any more. Does anyone else have any ideas?
I bought into this thinking they'll get an RTO done in time. Still think they will. As much as people lamet Blue Air, they didn't meet the requirements. No use wasting time or crying over it. On to the next target... and maybe the next.
If it doesn’t re list in time and doesn’t come back to aim is it just a waiting game or will the shares be cancelled and we lose all our money?
It makes it very difficult to relist so all eyes on the RTO.
I wonder how much of the 2 mil was burnt up between the end of March and now? They stated (pasted from the RNS below) they believe they have enough funds left for a reverse takeover, but is that a statement from the end of March or now?
(taken from RNS)
Going concern
In determining the appropriate basis of preparation of the financial statements, the Directors are required to consider whether the Company can continue in operational existence for the foreseeable future. The parent company had cash and cash equivalents of £2,001,000 and net current assets of £1,974,000 as at 31 March 2021.
The parent company is an AIM Rule 15 cash shell and as such is seeking a suitable target business to perform a reverse takeover (RTO). The Board believes that there is sufficient working capital to perform such a transaction
I actually can't relist without a deal... or rather it can't unless it raises £6m
It won’t re-list without a deal.
Not a baseless comment at all, AIM shares drop like a rock on far less. If this re-lists without being in some sort of deal negotiation it will drop significantly. I you dont believe this then you must have only been investing in AIM for a few days !
How can you conclude that? It’s a baseless comment. Might be right but could equally be wrong. All depends on factors completely unknown - I.E the details of the proposed transaction and if it comes to fruition.
In my opinion, if this re-lists it does 100% minimum within seconds of opening.
If we relist this will drop like a rock I suspect
Okay hopefully your right and I get to see at least it re list so there is always hope for another rto and an opportunity for us to make some money
I have had a number of shares in this predicament most of my money along these lines was in Concha. Disaster that was. They just decided or should I say He, Akers decided not to relust in the timeframe so went private with all investors money.
RC are on a timeline to announce a deal. No deal 2 options. Delist. Or realist. I think the latter. They will come back on at a price the market sees fit. Probably at a figure pre any previous deal announcements and wait again to start the RTO process.
This is all new to me just wondering if anyone can shed any light on what the odds are on us getting re listed in any way? What is the deadline for finding a new company to RTO? Or can we re list as an investment company? In other words what are the chances I’ll ever see my money back? Haha