Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think Hemo is totally correct, I can't see any investor or trader complaining about making 15x
Whatever you want to call a person is all semantics.
Sareums outstanding number of issued shares is up massively from 2011 due to incessant dilution. Anyone hoping for 15x here now has to understand the dynamics of what that will propel the market cap to. I just don't think it's realistic to expect another 2011 I'm afraid. Besides, how many serious investors and investing publications have "heard it all before" from Tim? His words don't the carry weight they once commanded. There is a limit to unfulfilled time horizons, excuses and shareholders dilutions.
Time is running out for Sareum. No wonder Millennium let these guys go with their discoveries!
This all saddens me somewhat.
I was invested in this company for many years but sold out everything 18 months ago as all I ever see is a constant stream of dilutions with little or no delivery by the board.
I resisted posting since then but recent events have put this share on my radar again.
I believe the science is good but the business acumen of the scientist running the company is sorely lacking. I say this with a heavy heart.
They are pretty experienced in lining their own pockets annually with free share options, high salaries and now additional shares by means of deferral.
Promises come cheap as do frequently given excuses for under performance....
This share price is expensive at 0.5 and only reaches fair value back down at 0.25/30 once the overhang of buyers above 0.9 and those 'mug punters' who paid 0.6 have reduced or sold out.
Don't get suckered in. Bide your time and wait for the deeper move lower before putting your hard earned cash to work!
Just for good order sake and full transparency,
Sareum pay Quotedata for these reports, so although they are extremely informative and well written, since they are affiliated they have a vested interest in positive reporting.
As you rightly point out, sadly there has only been downside for investors who stumped up cash, at the issue price at the now habitual dilutive annual capital raise.....
The market reaction has been consistent.
The share price trades between 15-25 % below the issue price over the next 6 months. Just check the charts.
I do think it's worth picking up shares on the dip but at this current 52/53 price I feel given historical reaction and management inaction, it's likely to trade back below 0.40 over the next quarter.
See my message re pay deferral....
It most certainly isn't a pay cut!
I might pick up a few of these shares to reload around 0.35 towards the end of September, there's no news coming out and a whole lot of people once again mugged into paying 0.6p for a million quids worth who'll be keeping the lid on these shares for now...
Sadolgit they've not taken a "pay cut" of 30% don't get misled. It's a pay "deferal" that means they are accruing the money until such time as they decide to take full retrospective pay.
While it served a positive purpose when cash in bank was lower, as well as great shareholder PR.. It most certainly isn't as if they won't receive the money.
Just saying... Dyor
I'm afraid you are 100pct right.
The share price will always close lower on promises of value but no sign of financial commitment from the board.
Insider trading activity is one of the most widely followed signals for future company success.
I am not surprised to see the share price below the capital raise levels. This has been a consistent trend since this company was listed.
Smart money buys the dip but won't fund the capital raised.....