Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If you going to do It I think it's at its bottom. This is my biggest holding but I am only pocket money compared to most. Topped up at 0.92p average for me is 1.17p
I’m only holding Kefi and this bunsenburner123. I’ve set a limit but here that I kind of hope doesn’t get filled at 0.85 ( if I keep topping up at the rate I’m going I’ll have to issue my own tr1 :D )
CV is insane and taking over. Question is how do you play it. I now only hold MNRG and TRX. Waiting on an RNS over there. I think probs best to sell all funds and shares bar TRX simply because it's so low already and just awaiting news on funding. Ahh I don't know. All I know is there's lots of ways to lose money but only a few to make money! Cash is king atm ready for a resurgence in 6 months time. Also, if NCYT drops in price - pile I money there!
No source truthsearcher ! It’s not rocket science they are against the wall and simply have to resolve funding
Or they are , done finished over and out !
So funding one way or another is how it will be they haven’t got this far to fall at the funding hurdle .
So bag it will be just how many bags is the BIG ?
Just my thoughts !
Bunsen posted to you earlier, about ncyt.
Posted to early. The coronavirus is causing havoc.
All the best
I must go but Land Rover British Factory said they will run out of parts this week. Source The Guardian. Its this sort of news which gives the severity
Thanks Woodstock - totally agree, I expected the crash over the last 4 weeks and it all kept going like a train - until yesterday. Despite the initial bounce early today all back down. Will be reviewing tomorrow and consider going all cash other than a few long term defensive plays like this one. Let’s see how things develop but a certain degree of caution is definitely called for.
TrustSearcher. I hope we don't have dilution but in a way, it wouldn't be the end of the world. As you are probably aware of is Dow is down another 3% down today. I believe we are about to crash. Pharmacy and gold stock should hold up but worth bearing in mind. Trx too me is ahead of its time.
Good evening to you.
Hi Woodstock, Thanks for that, I thought it was still under debate, but then again I might have missed something. It's poor performance from the BOD in my view to have visibility of a 6-9 month cash pinch point and still not have something raised 8 weeks before D-Day, particularly given the cash they have raised over the last 5 years, which may of course be one of the issues. Agree once the funding is sorted there will be a re-rate and my approach was exactly as you suggested, have put in an initial amount and have two further tranches planned . Let's hope we have clarity and no/not too much dilution in the near future.
TrustSearher. The finance isn't sorted yet. Its been an ongoing subject of debate for quite a few months now. Dev is right when he says it will bag on the funding being sorted.
I was once given some advice on investing at this level. Half and half again intial planned capital. This saves pulling ones hair out and makes investing fun.
Thanks Dev, whats your source for "finance in the bag shortly" ? Will help me decide how much more to invest here.
Bunsen agreed. Me and my friend are of the same thinking at dipping in at 80p odd. I find the nyct board gritty. I like sharing coronavirus news but there is little space for sharing sensible opinion on share price.
Last weeks velocity in sp certainly demonstrates nycts stock weakness. I am not posting on ncyt board anymore. I prefer calmness and some element of friendship.
Today we topped here, obviously this is long term investment.
Best wishes.
Interesting. I don't think that FDA approval will come for a while. Usually takes over 2 years but obviously the is a special case but it must still takes many months right? No one knows. I think wait till panic sets in and it drops back to around 0.80p perhaps. May not happen of course but if it falls it's got a long way to fall!
The Dow is another 3% down. The only safe place is pharmacy and gold stock imop.
Bunsen chap. I am out of the nyct at the moment. I like the stock a lot and choosing a moment to buy back in. Tough call to be honest.
Dev. I am basically topping up here with profit from other shares. My friend bought another 500k today as well.
Personally i have never been keen on Sxx. The Ceo of Sxx had a pop at share forums like this one saying chat boards should be banned because people don't know what they are talking about. The Ceo of Sxc a Virginia imop. I for example started my career in private client stockbroking.
Woodie, are you still in NCYT? I sold out and wondering if I should buy back in...
Finance in the bag shortly and were bagged on that alone onwards and upwards
Well said woodie ssx has another board that is much more informative on fertiliser
Iglu. Well said. I cant believe we are talking about SXX on this board.
Fda approval is the golden egg. When people like Janet Lambert are involved, you realise the true long term potential of the company.
As for debt, the current debt is manageable. We have assets of £15 million and debt of £5 million.
The San Antonio Express news really explains very well what Trx are doing in San Antonio.
@Iglu - You misquoted me - what I said was "they both have no cash and both need to be refinanced in the next 2 months or they will both go into administration" - You avoided the part where I said "re-financed in the next 2 months" ie by the end of April. As you can see, I like to stick to facts as opposed to speculation lol
Every company requires cash to survive and every company on AIM has risk attached - why do you think they are AIM ?
TRX is no wildcat oiler or AIM miner and certainly not SXX who require $ billions to survive.
TRX has a 2nd factory requiring Clean Rooms and a 3rd and 4th shift requiring recruitment, both in Texas USA.
MIDCAP has confirmed the structure of the new agreement, this has passed by the NOMAD and is a fact. Yes they do need to approve Tranche2, as I mentioned in my earlier message.
An earlier poster said and I quote “both have no cash and need to be re-financed or will go into administration” this is not true.. TRX has cash until the end of April and the Board are working tirelessly to ensure MIDCAP or another funder supports the business going forward. This is truly exciting times for Tissue Regenix and investors looking for more than just a 1 week trade !
GLA
I agree that the financing for TRX is completely different to that of SXX - but they both need cash to survive ! The statement of facts is not scaremongering - it is what it is. TRX has cash until best to the end of April, probably less after the production stoppage. They cannot drawdown the MidCap funds without apporval from MidCap - ie that cash is not available as of today, so don't say I have't done my research ! For mcbride to say "They will get finance soon" without any facts to confirm how and when this will happen is just wishful thinking as opposed to logic based upon facts. I am invested here and holding, so I obviously see value, but I also recognise the facts and the risks and believe the potential reward outweighs the risks - but don't ignore the risks or the facts is what I am trying to say.
Truthsearcher, yes both SXX and TRX need capital injection to keep the show on the road. But the size of the capital injection is what differs and the capability/risk of the company to repay in a timely fashion. TRX are much closer to a positive sales revenue stream, SXX are still years away. TRX on this metrics is clearly much more likely to secure a successful fund raise vs SXX. Take your pick but for me TRX is the better option!
They will get finance and to imply they can't is scaremongering. The terms of the finance is whats open to question. SXX need billions of pounds to get to a point they are ready to produce and sell their product, TRX need working capitol to continue expanding the business and meet the demand for their products they already sell.