Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great to see Richard Corsie now over 10%. Free float is non existent... now around 87.5% of shares with significant shareholders. This will move very fast on any decent volume.
No problem, £30k is a decent stake, we going to see your TR1 next week?
Looking forward to seeing what the co. land in 2021! Think an RTO is the most likely outcome with a big increase in companies looking for a clean vehicle to list on the stock market. Mustang is main market listed.
https://t.co/MCnfb7Xr3I
Mustang has been tipped as one of Share Talks 20 stocks to watch in 2021! Might put this little gem on a few more radars:
https://t.co/iRxTi1qCdP
Hi Shepmister, Happy New Year to you too. The main benefit of a SPAC is if the company can facilitate a reverse takeover it could be at multiples of the current sp. Say for example there was a company seeking a listing on the main market in order to raise £5M and they had an estimated enterprise value of £10M, upon seal completion and coming out of suspension Mustang (under its new name/ticker) would then be worth 10x its current valuation. Look at AOGL/HE1 as a recent successful RTO, AOGL was a failed O&G company previously though, Mustang is as clean as a whistle.
Historically, SPACs haven’t had the highest returns for investors. In fact, they were once considered a last resort when it came to raising capital.
But in the last few years, SPACs have ramped up their game. According to a recent report by McKinsey & Company, there have been three significant changes:
Improved track record
In 2020, more than 90% of SPAC deals closed. That’s a notable improvement compared to previous years—before 2015, at least 20% of SPACs liquidated.
Bigger in size
The average SPAC trust size is 5x larger than it was a decade ago.
Well-known participants
Some high-profile investors have jumped on the SPAC-train this year, which has helped generate hype.
While some experts are expecting the popularity of the SPAC to continue in 2021, it’s still early days. So it’s hard to know for certain if SPACs are back for the long-haul.
https://www.visualcapitalist.com/spacs-are-back-and-bigger-than-ever/
Return of the SPAC!
https://t.co/0NTZ2ALoSo
SPAC’s getting huge attention at the moment, not many listed in London and none as clean as Mustang.
As this was raised previously and even though it’s a standard clause, I posed the question to a director. The response I got was:
“We'll announce anything as required & when appropriate. Safe to say all main shareholders are supportive of the current strategy & therefore any potential wind up is hypothetical only. It's not an uncommon clause to have for SPACs or similar vehicles & is rarely ever implemented”
The company will not be wound up!
The companies current cash balance should lash them over 1 year, the company confirmed this to me themselves. The don’t currently have plans to raise funds but they do have a very supportive cornerstone investor in The Australian Special Opportunity Fund should they need to in the future. The MD knows the principal personally and has expressed that they would be supportive should any future funds needs to be raised. It’s inevitable that funding will be needed at some stage but that’s not always a negative... if they raised £1M at a premium to facilitate and RTO or acquisition and very few shares went to retail for example then that could see a massive uplift in price, deal dependent. Unlike most companies where BoD hold very few shares we can rest easy here that sh’s are strongly in focus and the best deal possible will be made as the MD holds a very significant chunk himself.
Our 7.73% shareholder still seems very happy to hold. Big 2021 coming IMO from ?1M Mcap.
https://twitter.com/corsierichard/status/1342077697330196480?s=21
This is still an extremely attractive proposition, the daily chart got a little overheated but has come back a long way and hit support. At £1M Mcap I think this presents a fantastic opportunity.
Investment case:
??Clean shell/SPAC
??£1M Mcap
??£400k Cash (low burn)
??Directors hold 29.2%
??Cornerstone Investor
??No remuneration to directors until deal done
??Target asset or co £2-50M!
??Jacqueline Yee added to BoD #fintech
??New TR1 holders & ssh hold 85.04% sii
Just 25k on the ask before NT. MM’s in a spot of bother now!
Very standard. With nearly the whole year written due to coronavirus any talks/negotiations will have been impacted. Speak to the company, they are actively carrying out DD on a few options.
Strong love this morning, people waking up to how cheap this is and clean a shell/SPAC it is.
Investment case:
Clean shell/SPAC
£920k Mcap
£400k Cash (will last 1+ years)
Directors holding 29.2%
Cornerstone Investor
No remuneration from directors until deal done
Target asset or co between £2-50M!
Jacqueline Yee added to BoD in May to assess fintech
New TR1 holder
Closed above the monthly 50MA yesterday! About to breakout?? Initial target 3.6-4.55p, that would seem like a fairer valuation ahead of more results in December. Not many companies doing a roaring trade this year but OCT have been bossing it.
AD12, good explanation here for you: https://www.thearmchairtrader.com/what-is-a-cash-shell-and-why-list-one/
The award to Shell of the Moment had to go to #MUST a company likely to be steered into the direction of #fintech. The market cap remains below £1m, with the £400,000 in cash @ZaksTradersCafe directors are said to be doing without remuneration until a deal is done.
https://twitter.com/share_talk/status/1326911000247984132?s=21
Having a go at breaking resistance at 2.05p, once it gets through should see a run to 3.60-4.55p according to Hunter on Twitter:
https://twitter.com/confluencetradr/status/1326530120698507264?s=21