Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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£30k
RF's m/cap is just £1.6m or thereabouts. It'd almost be worth buying the whole company just to fire their directors.
Ok guys why don't we put a consortium of pi together and buy RF out. I hear its 800k I will start it of with 20k who's with me I don't no the mercanics of how it would work but as a long term holder I don't think im alone with my thoughts
I missed this gunner, HNWI put a million in at 10p.
Elcap, completely agree.
The BOD's business acumen is (evidently) woeful. That much is clear. Decision making over when to raise, PH and RF show they are naïve, easily led and SP doesn't have the contacts Tim and John think he has.
However, we are on the cusp of successfully completing Phase 1. Many thought we'd have been on licenced or bought out pre- clinic. We are worth multiples of a company who haven't been tested in humans and that is down to the science.
Fortunately SRA737 is outside their control and I keep my fingers crossed CRUK learned their significant lesson and did more due diligence than ever before and included watertight clauses in the contract.
It could all come good, and that will be despite the BoD's incompetence. Hopefully news soon to give us something else to talk about...
I'm not one who is suggesting any changes to the Board. My is (and has been for more years than I care to remember) that SAR are terrible at communicating to the Shareholders, they are terrible at issuing positive RNS, often scoring own goals with negative coments on what should be hugely positive RNS'.
We are, in respect of RF, dancing with the devil. I firmly believe they had (and have) nefarious intentions and I would like them gone as soon as humanly possible.
With all that said, I still believe and I think we will be in a much better position in a months/ 6months / years time. But that will be despite RF and despite Boards ability to write positive RNS's and despite any effective PR.
And finally we will (IMO) get to the promised land in part, because the PI's have come to the rescue.
I will continue to top up at every opportunity.
COME ON SAR
Elcap
To be honest I think the main thing we need to know is, can Sar actually say NO to RF asking for subscription shares like this, and say we will pay you up come Aug 2025 as per the end of the deal. The RNS says from time to time, this is relentless. Is a million pound the magic number, its mentioned as being one of the guides in the original RNS. Perhaps now we are sub 1 Mill, Sareum can tell them to do one, and wait.
Feel your pain, and share it. I probably have a little advantage here with time on my hands (famous last words). The reason I say that (not flippantly i might add) is that I get the impression there are a lot of LTHs who are near or nearing retirement age and this could/should/might be the final hurrah to get over the finishing line. With that in mind, I have also been here (albeit very quietly) since the first big jump. Managed to get it at the old 0.5p when the share was rising from 0.2p and less, then fired up to 4p+ on the day. Sold and made some cash. At the time I was a respective infant, making a fair few hundred pounds, money to clear cards etc. Now further along in life, and many many years later, strangely I still have the faith. Whilst I don't believe in sharing positions, quantities and averages, I will divulge that I have two distinct positions in SAR, one which allows me to momentarily profit from the instability of the SP and another which is indeed long and perhaps longer than most. Lots riding on it, to the tune of 40% of one of my portfolios. I really believe in this share, not only because I'd like to make some life changing money, but for the far more important reason that SAR could genuinely help hundreds of thousands, if not millions of people worldwide with their research. This is an ethical buy as much as it is one for hope of profit. Seeing the SP near destruction was doubly upsetting, hence my positivity that we're hopefully starting to see the tail end of the RF meddling and then onto an SP gradual rise.
Tradermatt
"I say let it roll and see what happens over the next few months."
Many of us have been saying that for well over a decade so you may well understand it when the comments on this Board get just a teensy weensy bit pessimistic.
(Don't waste your time having a go Colbalt.- you are filtered and possibly not just by me)
Hi Matt - you do have to question RF's motivation for dumping the shares as soon as they got them. Was it simply to claw back their investment in order to keep their own lights on or was it so trash our sp and damage sentiment for others to gain an upper hand in some way? RF must have been aware of what SAR does and the potential value of our IP & pipeline so dumping shares seems either desperate, short-sighted or deliberate. I can't decide which.
Trader. Good points.
I think, certainly in my case, part of the problem is a lack of understanding as to when RF will actually stop getting issued shares .
Great point HBD, if RF are indeed in a spot of bother, why pump money that way. Let them find their own way.
Just been thinking, perhaps the reason the BOD don't pay off RF is simpler than we all think.
They now have the funds to sort the company through the year, security for the end of Phase 1 and perhaps enough to kick off Phase 2 or at least funds towards that. The share price is inconsequential, they must know it'll bounce back on news, so what's the advantage of burning capital to pay off RF? Let them have their shares and do what they need to, the lower SP will entice new investors. The only advantage I can see to SAR paying off RF is to shut us lot up and stop our impatient whining. I say let it roll and see what happens over the next few months. As for now what an opportunity to buy a load more.
Hi chaps - head over to the RGO forum and read tank1's post dated 1 Feb 2024 11:16. Sounds like they're in a spot of bother themselves.
Don't understand their business strategy ; I would have thought once the word got round after they had trashed the SP of several companies they would no longer be able to attract such funding avenues .... very strange how they will survive longer term
The mention of which sends a shiver of fear down the spine.
But one day they will be gone and with them their toxic legacy on this share.
From a sentiment and logical angle, why don't the BOD pay them off and have done with them for ever?
The resultant increase in the SP would be significant and I think the majority of shareholders would subscribe to a placing to get them off our backs.
I do think part of the problem is the complexity of the arrangement which few understand. Did Tim and John grasp it or is the science a piece of cake compared to this terrible financial deal?
Nicely, almost all shares are in private hands. Cash runway sorted, trial news due and a healthy demand for shares. It might go lower until news but, we'd know if someone started acummulating, we'd get a TR1 RNS. Not sure if you want my opinion but I'll give it anyway. If 1a, data good. Low ball TO offers will start around 200 to £300 million. Still not good enough for me but you are barking up the wrong tree.
Probs drop to to about 7p- 8p then get taken out for about 10p
At sub 10p?
It would be great to see you.
P.
Sorry bad maths potnak my mistake
The only person making a million will be the HNWI who recently put a million in at 10p
There are at least 12 million shares in traders hands, probably a lot more. That's fine by me, by the way but £1 is a 10 bagger for the 10p shares and some here will make over a million in profit if we get to £1. On the flip side, some here won't even break even with a £1 share price. The new shares have reset the baseline where 50p will be fair value and we will be grateful for it. Like I said, ive no issue with traders but most of those who added large amounts will be gone way before the risk of trial failure is a thing.
Refer to the report FY2023 and H1 2024.
As a matter of fact we stated approx 3,2 M GBP loss for the year ended and given the excessive research re 1802 the current year we accumulated already 2/3 loss end of December 2023 at half years time.
Why the need and rush to waste the money tripple time? By the time we get the MAD results were are ready for a takeover that will compensate warrants more or less only but provide advanced research and compounds to the suiter.
I hope the BODhas a plan, even when it is that bad.
The knock on effect of the RF facility. The shares in issue was approx 68 million before RF, it's likely to be over 110 million when all this is done. So a £2.5 million loan will have, directly and indirectly added over 40 million shares in pot. We won't go into the 90% reduction in the market cap.