Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No. The way I read it is that they've come up against regulatory hurdles that require legal processes and this will take time. Health sector seems to be like this. Biotech shares for example always encounter delays due to needing to comply with regulatory frameworks. I may be wrong in Amala's case of course... it might be something else.
Well, this is disconcerting. But my experience of these spac/rto type shares is that they are always unpredictable on timing. Something always comes up... slow legal processes, legal complexities, some due diligence issue that needs to be corrected... there's always something. So this delay isn't necessarily bad news, but yes, it's a bit squeaky bum.
Does anyone understand the meaning of, and attraction of, grandfathering in this (RTO) context? All I can find on google relates to capital gains tax. Where does the 30m limit come into it and how long is the newly listed company allowed to remain with a mcap under 30m?
Dammit there's a bug in this forum where the back arrow symbol signals end of post.
Again...
I'm optimistic. I don't know how big this could become, but the fact that they're going for a main market listing, and assuming that the 'grandfathering' aspect of less than 30m is attractive and also assuming that a listed company cannot remain grandfathered for ever bodes well.