Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We are such a low cost producer, $8 roughly, a dip into the 50s isn't the end of the world, we go from making great money to good money. Also, the fact we are debt free is a major benefit, especially with all this stimulus flying about and the inevitable rate hikes that will occur to combat inflation in the coming months. High debt oilers are going to struggle soon and will have to keep doing placings. Meanwhile cash cow SENX will keep raking it in... can't wait for results next week!
so get in, make your gains and get out.. like everyone else does mate
Richard and Charlotte Edwards up to 4.93%
today
every buy moves it crica 20%, can you imagine the scenes when the securitization RNS lands
Previous 2 RNSs on Fridays, take positions!
Buzzing with close above 3.30 resistance/support line, should push on now in run up to results on 26th
Sharequests - read last update, they are about to make 2m quid. mcap is stupidly small
Forbes Ventures Plc - Update on Litigation Funding Securitisation PR Newswire
5 March 2021
FORBES VENTURES
(“Forbes” or the “Company”)
Update on Litigation Funding Securitisation
Forbes Ventures is pleased to announce a further update on its first Litigation Funding Securitisation.
The Company has been advised by its Maltese Corporate Advisors that the listing of the GBP 40 million two-year notes (the “First Issue”), for which Forbes Ventures’ wholly owned subsidiary Forbes Ventures Investment Management Limited (“FVIM”) acts as collateral agent, is expected to take place during the week commencing 15 March 2021.
The previously announced second Litigation Funding Securitisation of GBP 60 million two-year notes is expected to be listed within 60 days of the First Issue.
As previously announced, FVIM will receive a one-off fee of 2% of funds raised in each issue.
The Company is in ongoing discussions with originators of assets, of various types, for whom it intends to use its infrastructure to facilitate securitisation. Further announcements will be made upon the Company entering into any such arrangements.
The Directors of Forbes accept responsibility for the contents of this announcement.
-ENDS-
3100 boepd
Beza - best to use only company RNS's for figures, not journos.... "1,140,660,629 issued and outstanding shares of the Company" - RNS Number: 0857O. 05 February 2021.
On Admission, the Company's issued share capital will consist of 2,029,463,802 ordinary shares. The Company does not hold any Ordinary Shares in Treasury. The total voting rights from Admission will therefore be 2,029,463,802 ordinary shares. This figure above may be used by shareholders from 18 March 2021 as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Fully Diluted Share Capital (assuming all outstanding Share Options and Warrants are exercised) - 5,013,361,302
With oil at $65 & gas $6 SENX is making $12k & $47.55k per day respectively.
Based on 280 days of production (conservative) thats $16.7m p.a.
If/when either sancrai or the future pumps come in, that increases PROFIT by a further $15k and $12k per day respectively. $24.25m p.a.
Current mcap £35m with PE ratio of 2.97 is an insult to a debt free company. Most oilers with debt have PE of 10.
Roll on results eom & then maybe market will take notice.
25p target within 2 years.
GLA
looks good this one, I haven't ever bought before an RTO before. Just wondering why people are paying 8p-10p atm when 5p shares are going to hit market with dilution? Any education would be much appreciated
Equity Raise
The Company has received firm commitments for £2,500,000, before expenses, (through a combination of c. £2,000,000 in placing shares and c. £500,000 in subscription shares, for new ordinary shares of 0.1 pence each in the Company at a price of 5 pence per share. This funding will become unconditional and the placing and subscription Shares will be issued on Admission.
https://twitter.com/alwayznow_/status/1370296832643960833?s=20
jackthehat145 - apologies, I didn't know that was a motley fool article, thought you had written it!
I steer well clear of such articles, couldn't care less what journos write lol
Today's rise has given us 3 white soldiers on the daily chart, a bullish signal for candle stick traders. Stochastic is also only just coming out of oversold on daily. Hoping for more of the same tomo.
Have a good evening all
jackthehat145 - that's a very poor attempt to deramp mate
Please educate yourself, MXC is listed on main market not AIM for starters - https://www.londonstockexchange.com/stock/MXC/mgc-pharmaceuticals-limited/company-page?lang=en
The global cannabis market is expected to reach US$ 147,457.4 million by 2027 from US$ 14,383.8 million in 2019; it is estimated to grow at a CAGR of 29.1% from 2020 to 2027 - I would say that is a high growth market
Many companies with much higher mcaps than MXC are loss making. Markets focus more on the timeline to break even - not far away for MXC if you listen to recent proactive interview... https://youtu.be/atRbVcHOyeY (type in MGC Pharma's new head of global sales has big ambitions and says they're 'ready to go' to youtube if link doesn't work)
MXC have nothing to do with vapes, pointless and irrelevant to even mention
If you look at GW pharma which was listed on LSE a few years ago and then moved onto US market, mcap now 6.7bn (https://www.bloomberg.com/quote/GWPH:US), you will see the potential here and a lesson to British investors about which way this sector is going.
Every stock is a risk, without risk there is no reward. Entry is vital and for that I suggest you learn some technical analysis skills.
ATB
https://twitter.com/alwayznow_/status/1369985071097217030?s=20
finish today, UT 3.885.
Harmonic ABCD in play up to 10p (courtesy of @Justsharesonaim) - https://twitter.com/Justsharesonaim/status/1369685905145991174?s=20
fantastic video, if people can't be bothered to listen to full thing, 10:30 - 12:30 is the 2 mins you want
https://twitter.com/KatoroGoldplc/status/1361996017382662147?s=20