Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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On the 16th over 250m options were cancelled. So from a point of view of dilution we should consider the placing as really 25% less in reality. Also, ASX is useless - no trades on it. Expect further buying today.
How much debt do they have ?
WorkOver: historically RRL is decorated in disappointment. However, those buying down here would be delighted with 0.5p which is your pessimistic valuation (1p being ubber optimistic). For those buying in tomorrow for example that represents near 300-400% uplift so is a very attractive propsition - and consider that it is to achieve the pessimistic bench mark. Some woukd be happy with a 50-100% gain. Either way it sounds as though there is money to be made from such discounted levels.
lol...we're doomed, woof woof........
get a life....
Reckon we will wake up one morning to find that this has been suspended and will be taken private. With the debt and general lack of progress it seems the obvious path for the bod.
Theres dogs and then theres RRL cant belive anyone would buy this stock
me of ( the shrimpers) comment - I will top slice at a quid lol.
Something is rotten in the state of Denmark! Or in this case the pile of guff that is RRL! Soon this share will have 10 billion shares in issue having just crossed the 9 billion with today’s announcement! That’s nearly a share and a half for every man, woman and child on the planet!!!! Let that sink in ! What a mess! It’s nearly August and we are waiting for the “forward looking operational plan” ! Truley shocking state of affairs ! Management should be ashamed and should be investigated! Since the shares make up more than the statutory 3% then they are bound by law to let us know who holds the shares ! Assuming they are held by the same entity or a connected party ! I feel sorry for anyone who has an average anywhere near 1p because they may never see even half of their money back ! For people with lower averages Rrl is prone to pumps and dumps so they might get out if operational progress continues!
There Was only About 7/8 sell trades most small £6-£500 one for £6k. With Half the placing forward sold at 0.12-0.13p in a day, I’d guess they have made between £40-£60k today so far, not a bad profit for just using your credit line for a day or two. If they get the Same again tomorrow at 0.13P + (plus the trades on asx) they will probably make atleast ~£150k in total minus costs / fees.
How can this be possible. Still for everyone who got in today it’s a good thing - must rise back.
418m shares bought today, and 0 sold. According to LSE. Something doesn't seem quite right.
Sell at 0.126 will be higher tomorrow
.....buy at .11 sell at .12 minimum.........and if you have 900 million....very easy money
what a racket Aim is
Scrap that, there wasn't there wasn't the shares in the first place....must be forward selling.
Unless there was a large short in place.....
Forward selling that's just standard practise on AIM post announcement. Sometimes even before which is extra naughty
If the new shares aren't admitted until next week, who is providing all this liquidity? Who is selling?? Have never seen so many buys with such a sticky Bid/Ask.
Definitely heading higher, volume too great.
Investor Tester you need to read the RNS.
It states funds are being raised to upgrade infrastructure and expect to increase production to 1000bopd.
A year ago this month was $45 a barrel. Has been around $70-80 this last quarter so should hopefully positive.
*presents a nice opportunity
firstly , we aren't on 1k bopd....we on 800bopd at best according to last firm reported figures (this may be different in next weeks report - i hope so!)
so 800bopd * $70 a barrel = roughly $20mil per annum
Now , what about expenses ?
last half year report , range was not profitable at all ($8.5mil loss for half year). if that changes next week , then fantastic , but i am gathering will be highly unlikely
anyways , hoping to be rescued with good results next week...
Just raised £1M to advance site activities and with the oil price where it is and the bods very nice gold plated salaries to boot the ship has been steadied. We're very likely to see nice upside from here if buying in now so unfortunately Investor_tester I don't think you are going to be set free just yet. My parents bought here at 7p watched it hit 14p and watched it all the way down to 0.4p before selling out. It's been criminal here although I do think this is nice a very nice opportunity
1000bopd @ $70 a barrel 25mill per year
well then we are truly stuffed if that happens.....ah well , at least i will finally rid myself of this share for 9 years of pain
have bought in for a punt - hopefully straight back to 0.20p