Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Heading towards the right direction which is what the management wants. £0.00004 soon. Zeroes all over the places
Can I use my ISA allowance for this year?
Yeah razor I like to give an objective and balanced view.
This is a sensible discussion board now.
Especially after admin had a cull of the rampers tut tut.
Anyhoo onwards and downwards.
Manos I have been having a right laugh at your hilarious posts about the amount of shares in issue and what the team are doing. That's brought a smile on my boring lunch!
The management, bringing real value to this business & PIs. Somebody is making money somewhere o this share !
Rampers look away now( oh and keep ya hats on incase of woodpeckers)
7M+SELL.........TIMBERRRRRRRRRRRRR
I assume this will just tick along for a little while while the company try to organise finance, then a RNA, then a downward share movement.
I did think there would be a bit of a bounce.
If only we could get back to those heady suspension days of 0.36 or similar!
What is scary would be a share issue to raise funds, at these prices it will take Billions of shares to raise anything material. As said on wordstocks, a substantial share issue and a 1000/1 consolidation would be pretty devastating but potentially unavoidable.
If we were running at a 1.5m net loss per month in 2018 (based on 17m loss), we will have improved on that for sure, just based on oil price alone, but this still equates to a net loss per month. Even Lewis is predicting a substantial net loss with his 2019 year end turnover estimates, so at what point is this monthly loss going to erode the cash balance.
Taking into account the 1.6m loan payment due (could they just default on this and add it to the 20m loan balance?) which is due in a month or two and also taking into account the sundry payables of 8.5m due within 12m, can these be defaulted on. The auditors brought them into short term liabilities for a reason, they will be due. I was hopeful these might, for the most part, be accounting adjustments or similar, but from Eva's email the other day, it is royalties, local taxes and payments which must be made. I am not sure they would want to go down the road of defaulting on royalties and taxes.
Labour costs were predicted at 1.5m a quarter in the last quarterlies and there seems to be no move to reduce this, again no default can be made here.
With the petrofin issues and the rainy season and the lack if production increase as detailed by RRL itself, this points towards a monthly cash depletion that will need to be addressed.
Even a 'small' $3m share issue would equate to c60% of this company. If this company moves forward, which is becoming less likely, then the people to suffer will be the shareholders.
Lewis has pointed out that the debts are not secured. I will take this as fact, but this would not stop creditors forcing either legal action or bankrupcy etc etc.
Holding pattern for a few month, but if there is an RNA pre Xmas you can bet it will be bad news for the shareholder.
Wow halfed my investment again. Lol Its the company that just keeps taking. No option but to hold and wait for the end.
I have bought shares in RRL ranging from 16p down to 1.7p - My average price is 2p - I am convinced I will NEVER get back my money, The way this share performs on good news and bad beggars belief. The only time it went up for a while was on that ridiculous rumour that 50p could be attained!! I like so many others can only sit and wait that my loss will be minimised over time...
GLA
Joke of a company. Hang tong Ching. That is Chinese for you could not sell your mother to the dentist.
Anyhoo's the range moggie.has used up 8 lives. the.
next leap is it's last.....To infinity and beyond......Meeeooooowwwwww.....foo..king...SPLATT!!!
It finished flat as a witches tit
Cannot even manage a dead cat bounce thingy
How much did it go up?
Breaking out the champagne on a rare RRL rise.
You can get 1 million shares for,,,,,,,, £650. Not tempted though.
Today's annual guess how many barrels short of the mythical 1000 target.
Was won by a Mr S HUNT of Weston-super-Mare with only 350 short this quarter.
Meanwhile on the sporting front,
Rick's bar 389/4dec
RRDSL. 47/8 bad light.... So they're in the rum shack.
Looking at all the positive's.... . the bod should rake in a few more good paydays, and. the dead cat should bounce at 0. 01 of a pence....
Its only meowing at the minute.
This is still trading....
Axe Bobby /Qantas....( strong buy) bless Is you're axe stuck in ya nappa.
Its not like you've ever been right...... EVER!!!
In the 10years I have ben invested here there has never been a rise on RNS. Its tragic, I think some more dilution is in order to complete the misery.
This one is gone down badly 👎
you mean bye bye bye££
So what's your opinion. Mine is buy buy
👎
so indi....why are you posting here if its a pOS
dont tell me...out of the goodness of your heart to help fellow pi's........pmsl
Stupid remark...........I should listen to Indivestor...... this is a pile of poo