Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'd be hoping for financial news soon, that the bridging loan (with the Slawson wells as collateral) has been paid off by an enlarged RCF.
Whatever the reason there's 'cheap' shares around for now. whichever MM picked up the 3.9m is doing ok so far too!
Looking at it now (after that big trade) it seems likely that someone with a sizeable position has had enough.
Whether it's to to with the misguided expectation of the Slawson Wells reporting today or not, only they know.
It's not RSOC as they're tied in until 15th December for their 13.5m.
Whatever the reason I've taken advantage (?) to start rebuilding a position (small for now).
Being triggered?
It's either scale or niche quality. Only people very familiar with the industry will be able to verify the 2nd, or of course improving sales.
1st task is to stop 'the family' paying out another unwarranted divi while taking the company into debt!
Finally Harwood have managed to get a foot in the door...
Can't see a t/o tbh Jolly, even with Harwood stake. The 'family' still control too much and I see no signal that they wish to step back.
In fact if we look at the last few years, quite the opposite. They clearly think they have the knowledge to turn this business around but the trajectory of the company of late begs to differ. We'll see more with this next update.
Place your bets on tenure length....
14 months.
Share price could even dip a little due to nil-premium disapointment.
After the Bridgestone investment and now this, to me it reaffirms undervaluation still.
Full article on advfn thread
Where are you getting the $16m from bobbust?
The H1 figures show a loss of $2.3m so that'll take Slawson bubbling with production and being paid early to crack that figure.
Unless you do actually mean $16.....
Considering the recent history of hiccups the company has suffered (far from all their own fault) it seems the BOD are still up for risking things by pushing their finances to edge.
As oilworker says, it'll be 6 months before the Slawson income starts to arrive.
In the meantime ZPHR are looking at lower Q4 boepd albeit with 67,000 hedged @$85 from approx 100,000.
Outgoings are mounting up, with approx $600kpcm in loans and interest, $300k due now for the new Salt Wash well and another in $300k December.
The bridging loan that Winnifrothed about is due for renewal in December (secured on Slawson wells).
My point is quite simple, considering their prior experience, they're pushing their luck. The hat has already been passed around after a hiccup and they are busy lining up lots of expenditure for next year. They're going to need everything to be on their side for the next 6 months including the winter weather.
So many really don't understand what happended here still.
Floated in the bubble market of covid, APTA threw everything behind getting the massive contracts/licensing revenues that were going to come through DVRG and their worldwide monitoring systems that obviously now, didn't happen.
They appear to have learnt their lesson and are now solely working on a 'cash only' basis to reset the business back to its core skills.
Now we wait to see how close they can come to this year's revenue target of £3m with £0.7m so far. Allowing the time scales between contract signing and delivery, we should have a good idea by April.
More big trades
Now added to the current mcap
Yup. They have until the end of December to produce it but last year's appeared on 18th October.
Current significant list, let's see what changes
Shareholder Shares %OS
Gresham House 20,114,204 26.03%
Business Growth Fund 11,325,000 14.66%
Mr M Page 11,010,000 14.25%
Mr W Hill 8,447,595 10.93%
Canaccord Genuity Wealth Management 7,170,390 9.28%
Dowgate Capital 4,380,650 5.67%
Hargreaves Lansdown 3,762,989 4.87%
Interactive Investor 2,651,515 3.43%
That's a £50m valuation for a subsidiary that was barely on the radar.