Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hardy, that's just 70 million shares ( 5% ).
Well either way they will be cleared this week - so he says.
That video answers not all but most questions that have been floated on this board. Patience is the word.
Still can't tell us who contract is with - 'commercially sensitive'
Lock in agreement means that EHGOS can’t sell for four months according to the Proactive Interview
Its about to start,
More contracts and news to come. Plenty going on in the very short term.
If you selling now IMO then you be losing out. We near the bottom and I see it only going up from here.
#GLA
Not too long! indeed!
Fund will have fully converted this week with no more to come and 5% lock in.
Change of name etc within 2 weeks!
GL.
When is the interview?
LB28 - just wait for the interview, hopefully ti be explained bit better for us.
Lb. Warm regards.
My thoughts too, sells getting bought
A big thank you to the posters who have been trying to decipher the share allocation and transactions :) pity the company can't be crystal clear on this.
Jay_P - the 200m shares will be issued on 19 June so we can expect some big sells thereafter.
As far as I remember there is another £100m of conversions (from the £1.6m available).
After this, there will be no more financing agreements, only traditional funding, which is good.
So... the outcome, a circa 16.6% decrease in sp due to dilution - so the sp should finish today (or maybe by Wednesday) at 0.285 / 0.290.
… until it's made clear otherwise, there are still over 400 million to be admitted to trading ( less 70 million = EGHOS 5% nominal holding ).
In other words, the last two conversions, with shares supposedly admitted to trading on 24th May & 31st May respectively, have still not taken place. Either that, or the administration of every site ( including this one ) I've looked at, are too lazy to make the update of shares in issue.
It's all a bit of a farce for a main listed co. 'Transparency' let's have some please!
He is about to clarify all.
I think via interview.
Looks like they're wasting no time offloading - again.
Share price tells you everything you need to know.
Skittish - I'd love to be able to answer those questions for you but it appears, from this morning's performance, not even the management have a fupping clue what is going on.
Well - looking on the bright side - they usually sell down to around 1% before converting - so that is 14M.
Add on 200M = 214M.
If they go to 5% = 70M then they've got 144M to get rid of if they take it to 5%
On the plus side WDC have got another £800K in the bank, and there are no more cheap shares to come.
10 days to get rid? If no one else is selling.
Question - How much has it cost to get rid of the old business (assuming we are now rid) and what about compensation for converting at 0.4p, when the sp is lower - how does that work if all the shares are now issued?
But it does look as if an expensive line has now been drawn.
If the shares are now cheap hopefully the company will do a buy back - anyone know if they have authority?
JohnnySingh - All that is happening at the moment is a whole lot of blow and no show.
Not only that, pushing out inaccurate RNS involving critical information that relates to the suppression of the share price over the last few months hardly imbues the investors with a warm fuzzy glow does it.
The only RNS we have had recently regarding 'business development' didn't have a client name on it and an about that looked like and amount 'Dr Evil' dreamed up.
The the stock market is not for you.
Sell and move on.
The SP will do great things as the business develops.
Now that was a nice kick in the b******s
I think most are starting to get a sinking feeling here. I know I am.
1400K /20 = 70.
So 5% is 70M.
They've now got at least 200M.
So we need to know what they had yesterday.
No wonder the sp is flat.
Ha ha, as if on cue, they’ve just released a correction RNS which now states a new total of 1,399,302,698. Hmmmmm!