Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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the cash shell rules relates to AIM only (i think), so it could be that shares can remain listed on ASX - unless they have something similar. however, my understanding was that, historically at least, the majority of the trading volume went through AIM
"500.000 Australian DOLLARS AND THE COMPANY ABOUT TO DE LIST WHO WOULD SPEND THAT SORT OF MONEY The register is very small and now with this person holds 6% that only leaves 30% retail witch is about 160 million shares for retail".....someone who knows it isn't going to delist. Why go to all the bother of being a cash shell just to force a delist. ?
For the last week the British and Europeans have been selling but the Ozzy are buying up !
i agree with that but it just seems absolutely bonkers at the moment. is kenny just speculating or does he know something - because he wasn't exactly subtle about how he went about it
500.000 Australian DOLLARS AND THE COMPANY ABOUT TO DE LIST WHO WOULD SPEND THAT SORT OF MONEY The register is very small and now with this person holds 6% that only leaves 30% retail witch is about 160 million shares for retail
I agree that MCAP is currently twice the cash in bank. It’s currently a cash shell with 2 months to go to announce a deal. No speeding ticket issued yet so there is a piece of the puzzle still missing.
who's R2D2 ?
Kenneth Baker? wasn't he R2D2??
here is the link to Becoming a substantial holder
https://newswire.iguana2.com/af5f4d73c1a54a33/rmp.asx/6A1009596/RMP_Becoming_a_substantial_holder
Well it's also up on the ASX in Sydney up 26.7% with 40 million traded and also notice today 27-11-2020 Becoming a substantial holder bought 32,460.000 that's 32 million four hundred & sixty thousand shares recently for 1.6 cent Australian .
only asset is cash in bank of about £2.4m but a market cap of £5m - that seems like madness ... given only what we know
Another strong day ,like the money coming into rmp
Hannibal Lecter seemed sensible, eloquent and highly intelligent but could bite your face off without warning ')
TBH is history of protecting shareholder assets has been nothing short of embarrassing over the last 10yrs.
I've met Bandy and had a long chat with him.
He is a sensible person IMHO.
Which means, he is not going to become involved in a project unless he thinks there is a serious chance of success.
We all know this has been a terrible year for oil exploration due to low crude oil price.
Finding a suitable project / partner will not be easy.....
That is all I mean by my comment. He is protecting shareholder assets, not being reckless.
P
yeah so let themselves get delisted? no way, something will be on the table soon. All depends how the market values it. But just to get delisted for doing nothing ? Unlikely IMO
Or will RMP be delisted due to nil activity.
Which means, go Private and hand the cash back to shareholders...
P
Something brewing in the background??