Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"EUA went up over 100% on first day back trading from 7p to 14p then went up to 45p over the next couple of months....."
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If the genuine traders/investors have done their research, then realistically I can see SYME getting to 1p upon re-listing and then with regular updates, I can see this getting to 2.5p during the summer reaching a MCAP of over £800m...very realistically assuming they fulfil the IM numbers as indicated and perhaps even diversifying beyond pure inventory monetisation..so much to look forward to and very fortunate to already be in (in a big way).
EUA went up over 100% on first day back trading from 7p to 14p then went up to 45p over the next couple of months.....
The first day back presumably there were so many waiting to get in as many more people had time while it was suspended to research the company so it was a coiled spring on trading recommencing! now where can I invest in a even more special company that is about to start trading again? ummmm....
Dickie what did rns’s say about the EUA suspension at the time? Was any clue given about reasons?
Ps when EUA began trading again the share price almost doubled
Remember when EUA was suspended when a poster released some genuine inside info on a Chinese bank funding? Well the poster was close to the inner workings of the company and had no authority to release inside info. They stopped trading for 7 or 8 weeks. During this time the derampers were in full flow and were relentless.
They are not looking to “shaft shareholders” Mick, they are just doing their job. Yes they have a duty of care to shareholders which is inherent in the process they are currently going through.
The FCA don’t care about shareholders or whether SYME is a worldwide business.
The have “regulatory steps and due process required for the lifting of the temporary suspension” Once that is done then tick in the box and relist. They aren’t interested in who SYME are and what they do.
Syme have been in suspension long enough for the FCA to determine weather it's a scam or not - have the FCA said " sorry share holders it's a scam and you've lost your money" - NO
AZ has been working through a global pandemic on his visionary, innovative new fifth wheel inventory monetisation global concept, it should come as no surprise that deadlines would be missed during this pandemic, add to this the unrelentless bashing and accusations of fraud - TW, DA , fake websites etc etc etc the FCA are in communication with syme working towards restoration - the FCA are duty bound to restore listing in an orderly fashion and could be working with AZ and giving him time to prove concept so when it does restore it will not be further attacked by false accusations, the FCA are there to protect our investment.
Syme is treading a path that has not been trodden before - ground breaking - you can't stop progress and with progress comes change and yes accountancy rules and regulations are constantly changing in an ever changing world, global pandemic requires a global solution - Lseking > syme global
GLA LTH
We have had updates,how many do you want ?...one every hour. Its a sign of your lack of confidence
A dud pile? Wholly macaroni. I don't have a dud pile Keith, if that was the case I would open a £5 complete car wash site and plunge my monies into soft foam and sloppy suds!!
GLA though chap!
I buy concepts, however like sales I buy people, which is what I have done with SYME. SYME will make the people I want to help happy, all I need to do is wait and buy some 3M bull shizzle defiant ear plugs. Enjoy your weekend people!!
LTHH’s Only - SYME - Beyond Economic Recovery!
Excellent post luckybob , I am no ramper or deramper with well over 1000000 shares and sometimes you look at your portfolio and pick what you think is good or not so good at the moment this is not so good , were are the clients, were is the funding, why is the accounts not adding up, why not many updates which investors deserve. No one knows the answers and only speculate what they think will happen. We invest to make money a bit like a horse race and to me syme is gone backwards at the moment. It might pick up in the future who knows , so i have put this into my dud pile which we all have and sleep at night.
There’s been pros and cons to the PR approach by AZ.
On the plus side he’s been very engaging, enthusiastic, ambitious with his plans and the road map to where he’d like to get us to.
On the minus there has been some very poorly written ambiguous over promising and under delivering RNSs.
If you compare the quality of the output and the shareholder engagement from companies like HE1, ARB, etc, their output is much more polished and therefore far more credible.
Marl,
People want AZ to break radio silence, even it is just gestural.
(And yes there will always be those that knock this as a waste of time)
Clearly all is in the FCA's hands, whether there are issues, we will never know, AZ could not even imply they are answering XY or Z they will just get on with things in the background and it will take as long as it takes.
When it comes back we have no idea at what stage we are at, is SH complete and RNS'd at time of restoration or is there still work to be done with the funder/s!
IMO, the funders control this now, how ever big and real they may be ..as the people taking the risk they will determine the timetable as much as they can.
Syme with continue building on the geographies and relationships as clearly they are doing and that is a positive sign for me, but nothing will be released until the big funder/s want it to be!
ATB
You shouldn’t be investing, if you think there is no risk. Every investment carries a risk, the penny shares are the most risky. No point whinnying, it won’t change anything. Either this will come good or not at all, only time will tell.
I personally still believe, this will come good.
Hi Marlena,
Lots of posters want different things, I can just give my view. The only communication I want is in an RNS and I want the information that he talked about in the end of December RNS. Before that though we need the share to be relisted. I don’t need a tweet, that doesn’t get us relisted and it doesn’t give the info below, it’s just noise (which actually concerns me). I would prefer AZ spends his time focusing of execution rather than trying to satisfy PIs insecurities.
“Early in the New Year, the eligible Client Companies will receive a formal, confidential communication from SYME disclosing the identity of the Inventory Funder and the time-table to execute their individual inventory monetisation transactions. Shortly thereafter, the Company intends to disclose to the market the identity of the Inventory Funder, the key features of the Inventory Monetisation programme and the targeted positive revenue impact for SYME.
The Company expects to make these disclosures within the next month once the Inventory Funder confirms its release from the non-disclosure agreement or as required by market disclosure regulations.”
I think it’s perfectly rational, especially if losing your investment here has consequences elsewhere that you need to prepare for. Plenty of posters have admitted to being all in, used house deposits, banking on retirement, etc, here and I assume they have wives and families that they are accountable to.
Belief is all well and good but sentiment is just that.
Syme at one point had grown to 10% of my portfolio but I’ve added to other positions and shrunk it to about 6%. Still wouldn’t be happy losing it but the hit would be no different to what I’ve lost on Tesla and my US tech shares this week.
No one has sold Rebel. No one can sell, buy or do anything, nor can anyone influence anyone else to do anything with their shares. Our investment is 100% out of our control at the moment.
They still hold shares, they are just saying how they are feeling. In my book nothing wrong with that, if you don’t like reading those views (and I can understand some won’t, especially those with a big % in SYME) just use the filter, that’s the easiest solution..
@Tex2374
I don't remember seeing people buy their first purchase and when they sell post that info.
Rebel, I can’t count the number of ‘just topped up’ posts I have seen on this board :-)
If someone has written off their investment in their head because they don’t feel good about the situation why not post this? At the very least it gives others the opportunity to post why they are feeling more positive about things..
@Tex2374
It's not that a person has 'written it off', it's that a single person posts that, then a chain follows.
And why do we need to know? When a person buys or sells, people don't generally declare what they've done.
I don’t personally have a problem with people saying they have written off the share, each to their own (and given the share is currently suspended probably not the most stupid course of action), it just means they are prepared for the worst case scenario, if it lists again then Happy days they have control of their investment again and can decide what to do.
Currently no one can do anything with their shares, I have seen lots of offers of buying people's shares I am yet to hear of anyone actually concluding a transaction.... I really don’t think it is possible but I’m not an expert on this.
It’s all about execution now and if you believe AZ can deliver,
Get the issues resolved and the share relisted and then deliver some funder and customer facts and £££ and prove the concept. Then happy days.
The more pointless tweets he does just tells me that we still haven’t proved the concept so expect further delays.
My approach is that I write off all the money I put into shares. If I cannot afford to lose it then I don't invest it.
I am confident this will come back and do well but that is just my opinion and ain't worth anything, as my wife constantly tells me! ??
Is it even possible to share shares that have been de-listed in the background?
Do the main retail brokers and banks even offer this facility and do they not have a duty of care to their clients?
Is there anything pin the FCA handbook on this?
Well if it makes some people sleep a bit easier to "mentally write this off" then that's fine. Doesnt offend me.
The bonus to that is when it comes back you get a nice surprise. Mentally writing it off doesn't remove your shares from your account or gain you or lose you any money...
I haven't had a single lost nights sleep over this.
Dont see the point of worrying about something , it doesnt change anything.
I will look on the bright side and assume it will be back soon and when it does we will be closer to positive news and will have put an end to most of the claims made against the company . So that's a bonus that we would not of had if we hadn't suspended.
I think you must be simple in the head to write this off, this is the biggest opportunity in life to be in at the start of something magnificent. the share are currently suspended not the company, when this is resisted with news you will never get these prices ever again, I know what is going to happen so I am more than confident to stay where I am. not de-ramping just telling the truth as it is. keep all your tickets and pat yourselves on the back when this all comes through.