Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Or the year after? TOM for me was always a binary bet but they're only expecting £14m to keep the show on the road and then untold millions of profit later. Somebody's sofa must have £14m down the back of it somewhere! Or is it better to wait until TOM goes belly up and then pick up the assets for peanuts? All very galling but par for the course.
So will it be this Easter or next.
I agree with the other posters StockCheque - there is nothing here to be positive about. I'm glad that people are getting wiser to the robbery that goes on in the AIM market. I've said it before and I'm more convinced this looks to be heading towards wind down or RTO.
TOM 'could' last 8.4 months... and then what? another £300k raise at a 47% reduction.
I look forward to the future is positive outlook at 0.02p in November
You indicate legal costs aound £300 per hour ,so with salaries, pension costs, running costs, travel etc etc. how do you get "cash to last for 8.4 months from " ?
Stockcheque,
to be fair mate, considering what we've been enjoying so far for the past few years, 252 days of Silence is what we've got to look out for.
How long you been in this ? ? Telling people to sell up and make the money else were, well, we've been decimated so much that our £xx'xxx's and some even more, is now worth pennies and pounds..
Stop ramping and have some balance could you, otherwise your fooling people to throw more money at this based on your ramping.
The wise here are telling you their concerns, and you're just belittling them, sadly. I don't see many trolls here and I don't believe many are short.
Oh goody, another 9 months of spin, hope and disappointment.
Great!
Ignore the garbage posts about 'short life' from the shorters and trolls.
The truth is that TOM could last 8.4 months on £300k!
As I posted a couple of days ago, the £100k raise lasted 84 DAYS.
So at the same burn rate £300k would last 252 DAYS, which is 8.4 months.
Just bear in mind that we are only 10% down from before that pump last week.
Hot are you the diddymen ADVFN? as you both have the same outlook on Tomco.
Yes Hot, indeed by Easter but he did not specify which year.
SC---You are some charachter.2 plus 2 is 45 in your world.
HF14,
Still clutching at straws to try and justify your incorrect claims, and failing because it's so transparent.
If you don't believe it's going to happen then why are you still here? There's thousands of other stocks to move your money to, presuming you even have any in here right now, where you can try to make the losses back that you don't believe you can make back by leaving your money here. That way we won't have to keep reading your made up mind games posts trying to create as much negativity as you can so you can buy back in lower.
SC...What you have to remember is that 2 or 3 years ago Potter said the funding should be compoleted by Easter. That sums things up for me. Since then all the money raised has gone on salaries and legal costs for the placements. Oh and his travel expenses to the USA nearly every month.
Just watched the video and l get the feeling they just havent got it in them to get this sorted. This has given them breathing space but it will end up with (sorry, we did try) p.s. thanks for our wages. Was getting annoyed with nodding zac lol. 99.9% down on this so not worth going anywhere. Come on you mummies boys, prove me wrong.
You can argue as much as you like, it doesn’t get us anywhere.as far as I know the 2 bonds ahead of us are large sums of money. As regards legal fees. Anyone that has gone through a divorce, knows they don’t come cheap, far from it. I think the BoD, have done the right thing here. TOM are not in charge of events. Yes, disappointed like all. But we are where we are.
"Based on ContractsCounsel's marketplace data, the average cost of a lawyer in any legal field is $250 - $350 per hour ."
https://www.contractscounsel.com/b/how-much-do-lawyers-cost
This is why they need £300k, not to just keep the company going for 8.4 months, it's blatantly obvious that they want to get the project funding agreement in place ASAP, so within a month or two. The last £100k lasted 84 days, and that would mean around two thirds of the cash is for the legal fees.
"Based on ContractsCounsel's marketplace data, the average cost of a lawyer in any legal field is $250 - $350 per hour ."
https://www.contractscounsel.com/b/how-much-do-lawyers-cost
This is why they need £300k, not to just keep the company going for 8.4 months, it's blatantly obvious that they want to get the project funding agreement in place ASAP, so within a month or two, and that would mean around two thirds of the cash is for the legal fees.
SC..So you think the hundreds of thousands they have raised over the the last few years are for legal costs.Legal costs for what as nothinh has happened ?
You speak more BS than what comes out of my local farmers cow field and it's one hell of a big field.
HF14,
I see you are clueless about how much legal advisors, attorney's, lawyers cost.
I suggest you research that before posting baseless assumptions and clutching at straws to try and make out you are right.
Your 3 points are total BS. You have zero factual evidence for any of them.
As for how long TOM could last on £300k, as I posted a couple of days ago, the £100k raise lasted 84 DAYS, so £300k should last 252 DAYS, which is 8.4 months, thus proving without a doubt that your "just around the corner" is baseless garbage.
Just a thought.
The discount was 47%. If the business is going down the plughole as most are suggesting, why would any mug throw 300k at it?? On the other hand it's not a lot to a speculator who can afford to spash the cash with the chance of a spectacular windfall.
As I said. Just a thought
SC Note the below :
1. Salaries are expenditure as the other poster stated. Where else do you think the money is coming from to pay the salaries ?
2. If all these fund raises over the last few years are for legal costs then something is very very wrong
3. Todays RNS basically states the end of Tomco is just around the corner bar a miracle.
I see this company`s shares suspended in a month or so.
47% discount. So the company has been sold for a song.
"Anticipated Expenditure"
Google, can salaries be classed as 'expenditure'?
"Allowable expenses include your basic office costs such as stationery and the bills you pay on your business phone. Travel costs and staff salaries are also included"
So yes, salaries, oh, and travel costs. What's the weather like in Cayman this time of year?