Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Pboo - aha - Karaoke then!
Love to know the connection with SS - dig deep enough and there will be one. Frankly sounds like a corporate vehicle to justify costs that end up where I wonder!
Pure conjecture on my part I hasten to add.
The number of shares in issue has been increased by 35% already this year. By year end I expect that to be at least 100%. Some of the posters on here should be ashamed for constantly polishing this turd.
To Certain animals in this Jungle
Its a 'Badge of Honour' to rip off
the share holders that support them
I think you are right. This and others that he infests all do the same. Offer everything, take everything, be paid large sums of money for what always turns into failures. It is legalised theft.
LSE is a cesspit full of it so it is no wonder it will go to the wall eventually
And to once think this was going to be the Gatwick gusher. was sold a trip there from lenigas.
No tweet from them this morning trumpeting the latest RNS - no, they reserve tweets (or X posts!) for the 'good' stuff.
Spot on Gwilliams! He is a gimp.
Ocelot "for all the purveyors of doom and gloom, this sounds very much like business as usual" - you mean the people who have been proven correct time and time against against your pathetic ramping which has been proven wrong every single time. You are an ashamed ramper and after the complete and utter failure of the company to get anything right, ever break even let alone make a profit - you are still here pumping this sham of a company. So who are you ? I'm going for Sanderson
What will be the next conversion price? Lower and lower it goes. 10x 152,000,000 this time. Must be 1.5 Billion shares to issue to clear the loan? The company will need further authorities to issue more shares when the loan is paid off surely? What then? Can see shareholders voting for more share issues. This is close to the end. No wonder YA Global convert. They see the writing on the wall and need to take their profits and close out. They do not want to deal with Administrators so best get out now while they are in profit.
Advantageous price to convert. These companies seem to benefit a lot from a depressed price and seem to invest in a lot of companies that then seem to enter a death spiral. So the next conversion will be for about 1.5 Billion shares is that right?
At this rate they won't even clear the first 2m tranche within a year. Wonder what the SP will be then?
🤣
Outstanding balance of the convertible loan down to £0.42m.
"Why the hell did shareholders vote and give authority to issue more shares? "
Sanderson has the shareholders over a barrel. If authorisation to endless share issues is not given then you will lose all your investment; the company can only exist by continuous share creations.
Its brilliant, for Sanderson and co; Has an endless license to print money on the faint hope that his next get rich scheme actually comes to anything.
Be it Billions of barrels in the Kimmeridge that only he was clever enough to find; if that fails, maybe a huge gas field no-one else has thought to develop; or how about missed pay's in Türkiye, or the next shiny thing Hydrogen storage or how about geothermal? Its endless ...... until everyone wakes up and finds they have lost 99.9% of their money and finally smells the coffee.
Ocelot,
'this sounds very much like business as usual.'
Spot on, a BS RNS - and likely eventually to come to nought, even if Loxley is farmed out.
Ilovesushi,
you're right that the resolution to authorise more share would have been passed without the 3 billion EBT shares, the problem was disapplying preemption rights that previously the company insisted was required had to pass with 75% of the votes - without the EBT shares voting in favour that resolution wouldn't have passed.
Https://www.bbc.com/news/articles/ck5k997yxnko
Hydrogen produced here will be stored in caverns on the wilton site
Why the hell did shareholders vote and give authority to issue more shares? They have now voted to dilute themselves to death. The company needs cash to pay Sandersons huge wages, maybe not for Loxley. FUNDRAISE COMING. Come on own up which Turkey voted to give the company authority to issues more shares?
Is he taking 30% of the Market Cap a year?
Would one of those 'UK listed energy companies' be PPP?
Shareholders need to vote the CEO out now. Mind you, he's taken the lot out the trough, so it's hardly worth it now.
He wears brown trousers these days so that you can't tell he's shat himself over facing shareholders.
You make SS sound like a Hollywood star on the red carpet!
Pink trousers can't hide from it,im sure the shareholders love him.
It's not just the content but also the tone of the RNS which is encouraging: for all the purveyors of doom and gloom, this sounds very much like business as usual.
At the time of the release of the annual report, a poster remarked upon the absence of the name of the CFO. The CFO's name appears with that of SS at the bottom of this RNS.
You get clown of the year award insidious. shameless individual