Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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|Is funny how he changed his story...
Richland Resources Ltd (LON:RLD) told investors it has entered into an option deal to sell the Capricorn sapphire project to Fura Gems Inc (CVE:FURA), which if exercised will effectively leave the AIM-quoted firm as a cash shell.
Fura is to pay a C$150,000 option fee - of which C$125,000 must be loaned by Richland to the Capricorn subsidiary interest-free - and, upon exercise, a further US$185,000 of cash would be paid along with 4.85mln Fura shares. Some additional future payments would also be due.
READ: Thursday’s stock market movers report
In a statement, Richland acknowledged that it has for some time been engaged in talks with potential strategic investors to secure funds to restart production at the Capricorn mine or alternatively conclude talks to sell the asset.
Looking ahead, the company said: “The proposed disposal will constitute a fundamental change of business for the company and will therefore require the approval of shareholders at a duly convened general meeting.
“Following successful completion, Richland will become an AIM Rule 15 cash shell and, as such, will be required to make an acquisition, or acquisitions, which constitutes a reverse takeover under AIM Rule 14 within six months from the completion date.”
He did the same at MOS earlier in the year... blabbered on the board then disappeared
take everything everyone says on these boards with a pinch of salt
Target for good news chaps?
Just for the record not that it matters to anyone but anyway, I have held this for longer than most with the exception of a few who held way before any of us, April I bought I think or May can't exactly remember.
But I have sold or sliced nothing yet, foolish you may say, yes maybe, let's see.
What I say I do.
Mohh, You're accusing a guy of lying, when he hasn't said anything?????... in regards to selling, despite the fact he does'nt have to tell you whether he's sold or not.
I know, Trading is a business, this guy has been nice enough to add his research,yes he will benefit from it, so he should, hes not a free money making service is he?
Aside from this for anyone interested they are hungry on the bid and the offer is weak so this is good.
Large buys also as you can see?
Don't quite understand of a few here, sentimentality of kids... jeez.
Suhails research has been spot on, So what if he's top sliced, (IF he even has top sliced), and taken some money into something else, that's his money and his prerogative.. not yours!! IF you had invested when he was first calling this, even 2 weeks ago, you would have been in here at 0.08's or lower!
I made money on ORCP yesterday without anyones help and I didn't even post there once.. jeez do your own research and stop just surfing ffs. Suhails right about RLD through his research so either sell up and move on but jeez stop bad mouthing a guy for doing whatever he wants with his money, which he dosen't have to report to you everytime he buys or sells.
Grow up ffs
He was over on MWG earlier looks like another nice recovery play
taken a punt for now, lost some on it quite a while ago when it
was in double figures currently 1.5p so hoping to get it back if
nothing else.
Now closing in on TSX playtime GLA
And that's the reason the mms will take a million at a time.
Look at the buys coming in now. Follow the money.
ORCP? Who are they?
Ino sounds like suhail is his lover and he's caught him having an affair!
Relax
That is a big buy.
Hmm.
Resistance at 0.04p finally smashed.
MMs taking big sells in one go to meet demand.
Hopefully this is the next ORCP.
Yes I know but 0.40 was becoming an issue.
Trader
they would be wrong have not even crossed last years spike into 0.5's and still
no disposal/rto news.
Fingers crossed below posters .5/.6 will be the springboard we launch from. GLA
A lot of selling at 0.38-39 makes me think many are actually thinking 0.40 and has topped out but no one saying it.
No it has not, wait and see.
Might be worth buying into Fura at 0.13 cents on the tsx if you think think they are reversing into rld.
More upside
Lots a positive talk this is happening. Big afternoon on the cards
....the next ORCP? Mondays RNS should provide the answer.
Fura involvement confirmed and it should zoom past a penny.
Money to be made.