Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Out of interest where do you get your 45 million pounds?
Looking at the cashflow in 2020 FY financial results I thought that it was negative 13 million pounds (AUS 24 million) from operating activities an improvement of £5m (AUS 10 million) on 2019. In addition they had £20m (AUS 38 million) in cash at YE.
Have I missed something here? Share no longer appears to be actively traded / moved with a static SP for some time now even when GGP has moved around.
Surprisingly quiet on here given that the offer is closing today. I did take up the offer in full + a few excess options, at 35p per share I thought that it was worth a punt although plenty of risk. Expecting this business to recover well as we hopefully navigate away from the Covid headwinds in H2.
Expecting to break the 20p mid price tomorrow on Starvest given the strong finish by GGP today.
Hats off to you mate, you certainly called this one right
Hitting an all time high above 13p would be superb, although my more pessimistic side is currently winning through with my gut expecting a disappointing response.
Anyone like to hazard a guess at the share price close tomorrow following release of the results?
Good to see some upwards movement, with an average of 62p some way to go but starting to feel more positive on the prospects of this one. The results will be interesting to see the progress on the transformation and also the Balance Sheet, particularly given the sale of ESS although this may have been a post B/S event.
GGP up 10% so far today, so as per normal practice this share will also rise again today, but always a delayed reaction
Given that most of this came out after the UK market close any views on an opening price for tomorrow?
On the basis it opened at 12p today, now with this news out in the open my estimate is 12.5p.
This has almost doubled in the last month, no news, no market speculation. I have top sliced a small number as can't understand the increase, but still have a substantial holding, surely there must be something happening in the background to support this increase?
I don't know how your shares are held, but your broker / investment company should contact you for your decision when the placing is formally offered. I hold mine in a SIPP with AJ Bell so will await their electronic message.
I believe that it is driven by the poor initial drilling results reported via RNS from GGP on Scallywag prospect.
RNS on scally disappointing hence drop in price and knock on impact here, feels oversold currently.
Has anyone received back their unused funds from the recent placing? Mine are held in a SIPP and are still showing as ringfenced and not released back into my cash value yet.
This is no surprise given the desperate position the business was in from a cash perspective having had to borrow £0.5m from a director to survive.
The shares vs cash for Mark makes sense as avoids having to pay back the £0.5m, lets hope that this fund raise is sufficient for the business to survive it these difficult times and ultimately grow.
Will in hit 10p by close or fall back in later trading - answers on a postcard please
Can't remember my buy in date, but it was driven by an article in the Daily Mail at least 8 years ago. Hoping that we surpass the last peak of 13p!!
My guess is either leaked news or a potential buyer taking some nibbles before a formal takeover offer, my money is on the later.