Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Can see us really gaining some traction after GM. Chart looks primed and volume consistently strong over Christmas period. Bring on the news flow! £10m m/cap by end Q1?? Seems very achievable and that's 3 full bags.
And some fairly decent sized ones. Seems like we have a very interesting month ahead.
Thanks for your post and reply Drex.
I take your point about the raise, but as this is AIM, anything is possible. They need shareholder approval on 8th January which is a formality really. Once confirmed and shares ready for issue I personally see things really heating up.
Pleased to see a nice flurry of buying today and a tick up. From this tiny market cap, with the right news (which given the hints in RNS etc feels almost a formality to follow the latest fund raise?) we could see a quick multi-bagger. BOD with tremendous credentials and money where mouth is. Everything crossed this goes according to plan - I'm really quite excited.
Drex, can you provide some info to support these figures please because I think they are considerably out?
I have been involved in 2 x RTOs and both cost the company around £500k. Also, there’s no way imo the company are currently spending £250k a month.
I’ve met the entire BOD and there’s been no contract wins as they’ve not been trying. They’ve been rejigging the management and organising “an exciting new direction”.
I'm thinking post GM we get some traction as fund raise approved followed by admission of new shares. Fund raise, on the face of it, appears to have been nothing more than to allow mates to buy on the cheap alongside giving Richard a chance to take a chunk. As an investor obviously I'd have preferred to see Richard buy open market, but whatever.
For what it's worth I've been told the fund raise was heavily supported and sold out immediately. Lots of potential placees didn't even get the chance, so that bodes well. Let the next wave up begin shortly!
Out of interest, does anyone know how much an RTO costs these days? Evolene would be a pretty significant RTO and still seems the most likely as they've directly hinted at it more than once... When fund raise completed, I'd put cash at £1m plus?
Despite the dilution, Truell taking additional 20m shares alongside Richard buying 2.4% of the company has to be seen as a positive. Quick dip now pushing to break into 20s again.
There was no indication of this at AGM as no special resolutions. Could we see something happening (acquisition or such) very shortly? Bullish statement by Richard at the end of the RNS.
Still only a £2.7m m/cap! This has bags in it.
Hardly any loose stock around, they're having to shift it quick. Think there's probably 2-3m at 0.25 left then yet another tick up.
30s by end of week?? Make a new near term high and surely 40-50 comes fairly quickly!
NT to buy! This could be a really strong close ahead. Get em while they're still cheap.
It certainly does! Back towards 30s in quick order I suspect.
Maybe Hawk going to keep the rest? I mean, they're on a free ride with a load of banked profit, would make sense.
Ex-CEO kept his holding despite moving on. In my opinion that was a key piece of info. Truell told him to F O but he knows this will make him a shed load of cash...
Best time to buy is when no one paying attention right?! £2m m/cap ffs with ~£900k in bank and profit making last year, attributing £1.1m to the business and future potential of RTO!!
This has multi bags in it imho. Risky as with any AIM minnow, but surely this is an amazing risk v reward opp?! Great time to buy and tuck some away for 1p plus!
If/when they announce the RTO it'll no doubt value the company significantly higher than this current level. I'd personally suggest £10m plus (current market cap just over £2m!!). Look forward to hearing some news!
very strong week so far. AGM 2 weeks away. Any bullish update about direction could bag this mega quick! Can't wait to see what Disruptive have in store.
Nice to see the share price firming this week.
I think there's a good chance we'll know a lot more about the new direction by the AGM. Strikes me that Mello was planned to have something big to present but it didn't quite work out. They should have cancelled, but clearly decided to save face.
Any sniff of an RTO with Truell/Disruptive and this could bag very quickly. The share price hit 30s with Hawk selling down heavily, I'd assume it would have hit 50 without them!! Current market valuation is just £2m. Got to be huge upside from here.
Still on £3m market cap!!!
This is going to look exceptionally cheap very soon. It does already tbh, but I mean when the price is trading 100% plus higher.
I feel that way too! Could have bought as many as we liked at 0.18 on Monday... I did take 25m (including initial 15m from 0.14 which I traded a few of at .30), but wouldn't have minded 30m or a touch more.
Anyway, this is shaping up beautifully. Let's tag .30 tomorrow please and the close the week with a blinder! GLA.
Hawk down to 12% as of yesterday (surprised they're not a bit lower but whatever), they'll be much lower after today's volume. Could have shifted another 3-5% today easily.
Despite this seller we're still 40% up for the week. Pretty impressive! Look forward to tomorrow.
This is one of the most exciting plays I've ever been involved in and there's still so much unknown. It strikes me that any of the potential directions should create an explosive move for the SP.