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Yep, the theory has some obvious credence (Mark Potter looking after MTR's investment) but the guy is now director of 6x companies so he's unlikely to be spending a huge amount of time on THR.
Let's be brutally honest here. THR is not going to 5p by Jan 2020 and therefore MTR are not going to be exercising those 10M warrants they hold. Even if they got financing for Molyhill tomorrow - it isn't going to 5p anytime pre-production and will do well to achieve that even once they are actually producing from Molyhill which now looks like it will be 2021. There could be a rabbit-out-the-hat scenario potentially but as per current SP, there is little to suggest anything is in the offing.
I think you're right in that something will no doubt arise out of the MTR relationship but as to what that is anyone's guess right now unless you're Mick or Mark.
That's a good point on both counts ginger84. Will take a further look.
no point focusing on assets that they have no funds to do anything with .... :/
Yes, Gold assets are all the rage atm, but there is a hell of a lot of proving up to do here before THR sees a rerate. I suspect we'll know more about gold at Pilot Mountain before we know anything about these Oz assets. The way Mick has been speaking of late it is unlikely they will do anything with those assets at Karlawinda in the near future unless they raise funds.
stop burying your head in the sand and look at the facts: https://www.gov.uk/foreign-travel-advice/malawi - updated 21 Aug 2019
Also, from the BBC (yesterday): https://www.bbc.co.uk/programmes/p07lql65
anyone pick up on recent political unrest in Malawi? Note updated government travel advice on Foreign Office website as of 21 August. May 2019 election results are being challenged and there has been unrest in Phalombe. Note MKA also does not yet have a permit licence to mine on any of their projects in Malawi.
re 8888ford: the problem is the test WAS partially unsuccessful. When you only have 1 asset and you tell the market (who are expecting things to be all ok) that you need to retest again for 12 months with no indication of any further newsflow apart from the acquiring of other assets (which will be of very low value at best unless a placing pays for them) then you automatically decimate the SP. It was easy to see from yesterday's RNS that this was going to happen and it's going to keep on falling for a LONG time yet. I wouldn't even be surprised if Nigel walks away here.
a fantastic RNS for anyone going short yes. SP will be decimated over next 12 months. Watch and learn
Also... If I'm right... the shorter (or shorters) have played it perfectly here. Taken the price down until the company is in a position where they need to raise and then BOOM... close the short pre-placing, effectively forward selling, and then take a chunk of the placing, no doubt with warrants attached, happy days.
those sells today seem to only tell 1 thing, someone is short, and probably quite heavy in. No doubt it's been very successful for them thus far but things will change drastically (for the better) by the end of 2019 I'm sure.
Much better interview although Andrew was a little patchy at times in the way some of the questions were asked, but overall it got to the bones of the questions which investors want answers to. Almost seems a pointless exercise now having a webinar on Thursday as I'm not sure there is much that can be asked of Mick that he hasn't already answered in this interview. I'm no fan of constant media updates without material news to back it up. It doesn't help the share price and therefore has no value. THR have been pretty consistent in releasing RNS's to update shareholders on ongoing works at their 3x core assets. An interview alongside each RNS is all that is needed without the need to try and pad it out inbetween.
I like Mick but a lot of investor's patience is now wearing very thin. Signing a finance deal of any sort on Molyhill is not a stonewall guarantee that it will push the SP back up to anything like a realistic valuation (this is AIM remember folks...). Still invested here for the long term but not hopeful of any material news here until Q4 now, partly because I think Bonya will no doubt have had a (hopefully positive) impact on those discussions, thus the fact they are dragging out so long. Let's see if a rabbit gets pulled out the hat with Pilot Mountain and move on with the EnviroCopper listing. I for one look forward to the day this coiled spring is finally released.......
cash in hand vs Mcap is a pointless calculation unless you factor in any debt. you really shouldn't be investing if you don't do this...
you also need to factor in debt...
Thanks Bazza - much appreciated.
Did anyone go to this earlier this week? Just wondering if there was any feedback? Cheers.
reason for not relisting is they are doing a fundraise for the purpose of the IPO (and have been since March) and to my knowledge haven't been able to raise funds so far.
It's a crowded marketplace so not many PIs wanting to invest in electronic money when you already have the likes of Atom Bank and Monzo, Monzo having just raised £85M through IIs thus their ability to run a TV ad campaign. You will not see Tally on TV unless its through targeted PR via news channels etc. TV advertising is WAY out of Tally's budget if you have any idea how much it costs.
I'd very much like to know what the 10p placees were told prior to investing and how much they trust Nigel now.
For me personally, I feel like we've been knocked off track by both the reformulation division disappearing overnight and then the calamity with the Nuvec lab testing. That said, all the research points towards Nuvec doing it's job at every other stage thus far and there is no reason to suggest that revised testing won't produce similar positive results to those recorded prior to the last set of inconsistencies.
I remain a sceptical holder here but agree these SP levels now may not be around for too much longer...
Be interesting to see how many convert, especially from Mr Linfield. RNS Monday?
All valid points and agree re SP. short term although US/China trade war carries risk as well as opportunity. Risk being, if a deal is reached and China then flood the market with REEs then that will devalue MKA's flagship Songwe project. Long may the trade war continue. Much prefer these types of wars than the ones involving bombs and bullets!
Be interesting to see how many of the current set of warrants get converted. GLA
Talaxis still hold 6.6p warrants that expire 31 Dec 2020 so not all warrants expire this week. Only the initial ones issued at IPO.