Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Looks fairly sane to me: https://www.londonstockexchange.com/stock/RLD/richland-resources-ltd/company-page
Interesting that someone would think it a good idea to sell 55k shares for 2.61p at 11:15. Folk should await the new presentations and PR that will I'm sure be detailed on a new Lexington website IMO.
GLA
Can't you call your brokers? You don't have to deal at MMs price. On aim, cheap computer trades or expensive mainline brokers are exactly what you don't need, especially when the spreads are as much as 20%. Get a proper broker and pay the 1/4% commission. You always get what you pay for. OK if we're dealing hsbc or shell it doesn't matter a jot. But with this kind of stock it matters a lot. Don't be mean y'all... Pay a good broker.
BOS is offering 2.8 but,,,, nah! not today thank you :)
No expected cash raise over next two years. The funds raised now will be used for a drilling programme. Numerous drill logs will aid the understanding of the geologic formations, as this emerges reports/feasability studies will be issued and hopefully reserves, resource estimates will be updated, which should fuel the share price. With luck proving up resources in a target/s similar to Haile.
https://www.miningdataonline.com/reports/Haile_2017_FS.pdf
Donato84
With circa 261 million shares in issue.
At placing price of 2.75p.
Mcap is around 7.1 million.
With £2.5 million cash said to be enough for 2 years, so no expected raise till towards the end of 2022.
Does anyone know the current market cap for the company? post consolidation? I am interested as if it is around 3million and they have raised 3.3million at 2.75p then this is trading near to cash levels. Have seen few gold plays do very well over last few years or so, Solgold was at 2p at one point now we are 36p, then Greatland Gold 1P to 23P, the RTO method of entry indicates strong confidence in the prospects and like the area being geo politically stable, but a question does anyone know if SolGold or Greatland Gold are actually producing any gold at present or have they just discovered a lot of it? I am interested to see the mechanics of what prompted such a large rise in MCAP.
Brgds
The Board of Richland Resources Ltd has announced a reorganisation of the Company's Share Capital. Shareholders as at close of business on 23 November 2020 will have their holding consolidated, receiving 1 new share in place of every 10 previously held. The new consolidated Shares are expected on 25 November 2020. Please note we will credit the shares to you account upon receipt from the registrar which may not be before 8.00am on 25 November 2020.
The Company is also proposing to change its name to Lexington Gold Ltd.
We will write to you following the Consolidation and Name Change to confirm how your holding has affected.
I only hold 1m shares of old ie 100k new. Not quite the multi boom our resident rampers predicted prior to suspension ? Shame but the old adage if it sounds too good to be true! Happy enough with the return as was one of the lucky ones at 0.10p last christmas. GLA MFU
Hi ATISHA, no, to be honest, can't ever recall getting one, and it is certainly not still on my account at HL, where I have never deleted a message. Ce la Vie, if it's the 27th then I will just put my hard earned cash elsewhere for now, and await the results of these couple of days on the SP.
Cheers again,
Ian, Have you still got your message from HL? I deleted mine. I pretty sure they mentioned the 27th for start of dealing, maybe wrong.
No change on my HL account, would have liked to add earlier, but with an 18% spread at the moment, maybe it's a good thing I can't buy.
current bid is 4.89p and offer is 3.25p
??
Its seems wrong but that is what I am seeing right now.
Well hopefully that's the big wait over!
HL has scrubbed the value off my total portfolio, and just shows Rld with no share quantity or value. I suppose now we are just sitting wait for lexington to go up in value? Is that how it works?
@BoracicLint
I’m in IG at it’s the same for me
In IG, it is still under RLD, which other posters suggest will last a couple of weeks. However, in both my ISA and Share accounts, the shares have been consolidated but the share price shown is the old one of 0.32p, yet my overall account value has gone up by 30%. It's completely screwed up at the mo, but as am not selling for some time, I'll just be patient....
Patience Gurpsy!!!! Its all written in the stars!!!!! We're just waiting for news.....
NT to sell, but I can buy. Atleast it’s trading.
Well, it will normalize soon, i still cannot buy
Can buy and sell on Halifax. Just got quoted 2.802 to sell and 3.122 to buy.
Nothing on HL yet............
Absolutely dead right. Especially short term, Jones Keystone Loflin. Lots of drill history... I'm thinking that the first announcement will cover this concession.
See http://www.richlandresourcesltd.com/
Some details for each prospect are linked there. They look promising to me!
Waiting for it to move
Appreciated Johnny / munchlet,
That makes sense and brings me back to earth.
All good still, compared to yesterday at least.
GL
Just divide your holding by 10
Divide by 10. Therefore 1mn shares is now, 100k