Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
All the de-ramping of this share is getting stupid now, especially when people are saying the BoD have been near on illegal and the FCA Should get involved.
If people DYOR they’d know exactly what was happening. At the very least read the previous RNS’s.
The company had to take on the fund as a last resort! Due to the underlying debt carried across from Widecells. It wasn’t their fault! It was that or go under by the sounds of it.
You need to look on the positives from here, it won’t be long till the fund is finally sold out and not forgetting the contracts being announced and the company are finally in positive and bring in a lot of revenue!
Exactly that. People are slating the BoD, but it’s been out of their hands this past week. The contract was taken on last year, at least they’ve put an Abrupt end to in now, as they know what revenue is expected moving forward and they don’t need the funds help anymore.
The TR-1’s will flow thick and fast of EHGOM holdings going down :) I wasn’t able to see how many 100mil sells went through today?
Even with the 100mill sells going through, when future news is released they won’t hold it back.
Wethergeek - I bet you go off old share prices from 5 years ago as well when trading. Rather than what a company is doing now to put things in place to create revenue for the future
EHGO are dumping as quickly as they can. But there sells are getting snapped up straight away by people that know the potential! People will not be able to buy back in sub .012 again.
I got in again at .0119 this morning :) can’t help myself with the potential this company has!
Of course it not cool atm. But it was a contract they were stuck in. They’ve now chosen to get out of it ASAP because of the substantial increase in revenue coming. Contracts a contract nothing they can.
So yes to your initial question. I’m backing ICON.
Exo15 - Pretty sure We had are massive dips on Friday. Unless your one of those that class a 1-10% decline as massive lol.
I expect a small decline of about 5% first thing before regaining and finishing evens if not up.. That’s if no contract news is released. If people wanted out of this company, they would have done so Friday. Those that are still in are LTH’s and will continue to buy at this price as they no the potential.
Just a bit!! It’s all happening very quickly though which gets me curious as to why? They fired it all out today only two days after EGHOS were below 1% and one week after the Immediate affect notice to EGHOS.
I really do think they are sitting on something special , but only time will tell.
Pretty sure Time for a beer now after today’s monstrosity!
Now I wasn’t expecting to see this at the end of the day! Looks like there is way to much catching up to do here. But all I can say is, I’m kind of happy that my 0.0127p (lucky No.7) got filled and the SP rebounded off it! :)
So it’s Time to completely ignore it now it got filled, let’s see what happens from here. I’ll keep and eye on Twitter for the JOE media update, this forums got very OTT.
GLA
i have been very tempted to press the deal button and leave myself as that RNS does look horrendous. But i'm gonna put this in the bottom draw and see how things turn out. For me the bottom was 0.09p but some how i got in at 0.08p so i'll ride it out now after seeing what bounce it did have and what potential this has.
My main reason being (i'm not brain damaged or delusional before you hit back) is what the JOE media and other contracts have to offer, yes the EGHOF situation is not cool at all!!! and I'm still waiting for that 0% TR-1 to be announced (Palm in face) lol. They will chuck alot of new shares into the mix, but i can see them in the future being snapped up, at least we FINALLY know the end point for EGHOF as bad as that is ATM :(
Point to note from todays RNS;
"the contract has already commenced and is scheduled to conclude in Q2 of 2021" Q2 of 2021? hang on a minute?
Previous RNS: "scheduled to commence in Q3 and conclude in Q4 of this year?
That is definitely a 6 month extension! Clearly what ever it is has got a lot of interest, hence the extension. More to point, yes the contract amount has decreased by 50k but.. .. "Iconic receives a monthly retainer fee of £50,000 plus external costs and shall receive 25% of all profits if certain revenue and profit targets are met". So they've already turned that 50k loss into potentially 250k by extending the duration. Not to mention the profits and revenue they will receive from streaming.
I've cashed out before on stocks after a bad RNS and watched it rise day after day, so i like i said i'm gonna stick it out. If it hits 0.012p then i'll top up but lets see how things go.
Like all my other posts, this is just my opinion and not a ramp. But i'm sure some will disagree.
Lastly, DYOR and only invest off your own judgements! I'll check back soon.
GLA
The LTH’s see the bigger picture with the consolidation and hopefully newer investors into ICON will see that in the coming weeks/months.
From Monday this week alone to date we have seen roughly a 40% increase (0.00017 - 0.00024). If you go from last weeks low of 0.00008 ICON have increased by 300% in just over a week.
No one can complain with that. But like it’s been said, nothing goes up in a straight like with stocks. But let’s all now look forward to future rises when the contracts are released :)
GLA
Well that’s your opinion. My opinion is that they could quite easily be having talks about potential new contracts and see great growth as mentioned previously and not want EGHOS part of it as they know how damaging it has been.
I noticed on your previous posts that you only invested in ICON because of something you saw on here. I’d highly recommend you DYOR before. Therefore, you would not worried or questioning others on their opinions
GL
Hypermarlin - You would think that wouldn't you. But does it not seem slightly strange that in a previous RNS it said "the Company has notified EHGOF that it does not intend to serve any further notices to draw down under the Facility as of immediate effect" As of immediate effect...? do not think that's a bit abrupt?
Also, "With the Company now experiencing material growth in activity, partially due to the management services contract with JOE Media"
To me that says they know exactly what potential they have here and with EGHOS controlling upto 25% of the shares they wanted them out ASAP.
I may be wrong, what your view on it?