Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Fair comment Adam - or is that me and I’m Kylie too and my wife is Spartacus !
https://find-and-update.company-information.service.gov.uk/company/05239285/officers
Strange bedfellows on this board of directors though wouldn’t you agree ?
Kylie.....personal attacks on malcy is un called for.
He is a nice man.wether he is fat. sweats.its ok.
Hes a human being...I had a privilege to meet him few time.in Milan and morrocco.very pleasant and humble man.every is entitled to opinions.but please referr from personal attacks.
So that’s why Moyes is leaving at the end of the season.
WEST HAM WILL BE SOUND THEN.
SOUND ; BUY BUY BUY.
Kylie supports West Ham ;-)
Keeping.....is Kylie....the otherside
Three account run by same guy lol keepingitfiction, Adam and Pescado. Buddy's been telling everyone to buy SOU for almost a decade. Probably in deep under water and trying to bail himself out. Bless him
Not the cleverest de-ramper - I can point you to a board / share that wins awards for de-ramping (and ramping, come to that)
Ffs really ,Mr Fiction ,you put up a link to a 5-year forecast from a five-ton fabricator,are you seriously thinking anybody would pay any attention to the great pinstripe suit-wearing pie eater .I actually would rather take Mr Peski,s buy buy buy Disney land attitude than that individual
Plenty of chair rockers here tonight, posting 5 year old guff
Malcy is a rare breed, a three trick pony. Firstly that boy can eat, he can eat well off a buffet paid for by investor money. Secondly, he can sweat with the best of them, just by sitting still. Thirdly he only recommends o&g companies which structurally has been a disaster for years. When that boy meets his maker, he’ll be hard pushed to provide any examples of him adding value to this world. Could be a few uncomfortable moments before he’s shown the elevator to the lower floor.
Logically nothing here with SOU feels right to me. The scale of ambition, lending, spend, debt, nothing feels like it fits a company with a mcap of £14m and a narrow equity base and amateur management. There’s a bigger play here and existing SH will get wiped out.
Malcy is a paid guff talker - why have you posted his blog? Are you looking for cheaper shares?
Congratulations on your 22nd post
Https://www.malcysblog.com/2018/02/delayed-bucket-list-2018-six-new-stocks-now-review-planned-june/
And taking them to court over tax sent what signal ?
It will not land in the morrocco hand..it will send a signal out to bigger companies not to invest in morrocco..morrocco is fast developing country.
They need people to invest in their country.
You’re welcome to my 20th post - your last 2 have really added to the debate ! Well done for putting your argument forward - don’t think Fiona Bruce will be in touch soon for QT
Oh, and congratulations on your 19th post
'I think this company’s assets will be in Moroccan hands within 6 months.'
What a load of guff to post on a BB, give ya head a wobble!!
Totally agree thats a very real concern, as Mr Ps2003's excellent post says if the bondholders dont go for it then its asta la vista , GL may of started well but he definitely got his back to the wall and will have to have a field of rabbits up his sleeve to get out of that one but never mind we can always write a poem or sing a song as we buy buy buy bleeding buy aint that right Mr Peski
I think this company’s assets will be in Moroccan hands within 6 months. I think this has been the plan for many years. The tax charge that failed was a start in their plan to bring down the company. Morocco will be the winners here (and BoD pay cheques - thank you very much) the losers will be ordinary UK people sucked in my ridiculous share events over many years. GLA !
People now taking up positions....soon the good news from cavalley will filter through.then its sound as a pound......SOUNDBOY.
Kylie75 , I tried a dummy sale for 1 mil & got offered 0.75 , so I think maybe buys , but high noon here soon . Gla whatever you think
Based on where the bid/offer actually was if you tried to trade at that time, these were sells not buys. It’s a little academic anyway, these are CB related sales I feel. Bigger picture is another 2 months have gone by and the team have nothing concrete to show for it and the walls are rapidly closing in.
Nice top ups at the end of day trades .. onwards & upwards hopefully gla
Back in October 2020 we had an abortive attempt to restructure the bond debt. Graham wanted to reduce the interest rate from 5% to 2%. The bondholders said no. It took six months -- until April 2021 -- to get a revised plan where the interest rate stayed the same but 3% of the 5% was deferred until maturity and amortisation payments started in December 2023. The bondholders also took 10.6% of the company in lieu of EUR 3.5m of the debt, at 2.125p/share. They got an additional 100m warrants exercisable at 2.75p.
The latest proposal is to cancel the amortisation payments and pay the full bond redemption in 2027. There are reasons why the bondholders (who are also shareholders) might be accommodating. They need the company to thrive so they get their money back. That depends on the Calvalley deal. Calvelley will need to know that there isn't a bondholder sword of Damocles hanging over the company. However, the company is running out of road. They need to resolve the bond issue and they need the Calvalley back payment money for Phase 1 poste haste. With the share of Tendrara that Calvalley is taking, if Phase 1 revenue gets delayed to 2025 (or even late 2024) I don't believe SOU will have enough money to pay the bondholders even in 2027.
P.S. Interesting to see STD123 pop up again at this juncture. Another poster who has talked up the SP for years, ignored TWO chances to get out at breakeven, and is now down 75%.