Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"The Board is actively reviewing potential investment opportunities and will update the Market of developments in due course." That was two and a half months ago. What's the plan, Mr Soukup?
I really can't understand this SP. Where are all the Grahamites?!
Pullback from 112 high now to 91, offering good value to people who choose to buy the dip. PS: Dip not yet over though.
So 20.1m shares outstanding £4m cash in the last report £6.5m LS Reit Value Just received £14.5m from sale of WGP Possibly a further £7.2m with 5 years contingent on business remaining firm. Will receive £1.6m investment into flying nodes for 20% stake So in conclusing £1.35ish liquid 36p contingent and 28p early stage business value. and the price is 99p to buy. A Buffett cigar butt investment in a market where there are so few like it. Risk is management now squander the assets - but unlikely when CEO has skin in the game. Margin of safety if Equity market goes down.
Difficult to understand their game plan regarding Local Shop. Took out Grahame Whateley 's shareholding who seems to have secured the better part of the deal as he often does Made some rumblings about the Board but backed off The existing management cranking up an unnecessary overhead marking time lobbing out thee occasional letter to an auction house please sell this property which after costs is less than book The market has heavily scruitnised the portfolios you can guarantee that there aren't any existing gems Surely Thalassa are capable of stepping up to the plate and finishing the job off What are they waiting for?
.....still plenty to go even if you are late to the party.
A 6p spread is criminal.
Completed a more detailed analysis and have come to the conclusion that the value per share, taking into account the recent share buy-backs, is 165p.
Remember we also have 23.14% of LSR which is worth almost £6m based on the current sp.
Seems like they have clearing up to do before we move on up delayed trades coming through now
i was talking to myself yesterday all morning in CSFG sold for 200% in the afternoon wink wink
Shakles off....don't forget this is a Wood Group(WGP) subsidiary sale..huge multi national company not tin pot asset sale
Tick up now we can move first stop £1 then onto £1.50/£2
£250k Trades gone thru in 3 batches
CSFG number 2 if not more
Looks very good i am in
....outcome for shareholders.
http://www.proactiveinvestors.co.uk/columns/the-pay-zone/28303/oil-price-sound-energy-genel-sundry-empyrean-thalassa-ukog-and-finally-28303.html "Thalassa has released interim results in a typically brief manner. Revenue, profits and margins are all up and despite there being no comment from the normally ebullient Chairman things seem to be going ok over there."
http://www.proactiveinvestors.co.uk/columns/the-pay-zone/28169/oil-price-premier-oil-thalassa-ophir-providence-resources-sundry-shell-sdx-egdon-etc-range-resources-amfw-and-finally-28169.html " Thalassa You get it straight from Duncan Soukup and today’s release is no different, the offer from a third party for WGP was just ‘not of sufficient value’ and so they have terminated discussions. In what seems to have been a bit of a waste of time, the bidder clearly showed more petticoat and no knickers in coming back with a less than tantalising offer and was swiftly despatched by DS. Saying that the current share price, with its lack of liquidity has a gap between it and the board’s assessment of its intrinsic value he has doubled the share buy back to £4m. "
Can they be trusted to do what's best for shareholders. Are the BOD doing what personally rewards them best? The one or possibly 2 subsidiaries disposals, are they loss making or profit making?
Thalassa Holding Ltd in on-going disposal discussions The board of directors (the "Board") of THAL wishes to update the Company's shareholders on the status of strategies being considered by the Board in order to bridge the gap between THAL's current share price and the Board's assessment of the intrinsic value of the Company's assets. The Board wishes to advise shareholders that it is in discussions with an interested party in relation to the potential disposal and/or partial disposal of one or both of the Company's wholly owned subsidiaries, WGP Group Ltd and Autonomous Robotics Limited. The Board would like to make it clear that these discussions are at a preliminary stage and may or may not lead to binding agreement(s) being entered into. Given the nature of the discussions, the Board has taken the decision to suspend the share buy-back programme authorised by the Board on 20 January 2017.
But if this comes off having achieved initial proof of concept, it is now time to scale up the business and accelerate development with the clear objective of achieving commercialisation within the next 3 years. To this end we have commenced a process to identify and hire a full time CEO who, with Dave's continued guidance, will lead the Company through a significant capital raise and the next phase of accelerated development."
Welcome to an oil tech now turned investor that has not got much of a clue. Both investment s sucked out net cash and are looking like duds. Meanwhile Soukup keeps soap boxing about macro economics. Sold these last year for nice profit would go near them now.
Very well said Maxiamus, Soukup rants and raves about totally not relevance's to running the company and he has now turned into a stock picker, the stocks don't look at all good [risky miners] unless he has some really good inside information. Are we investing in an oil hardware company or an investment bank - The 2 don't mix {Oil & water}. It's all rather alarming to me. This SP is now extremely undervalued or extremely overvalued...What a conundrum