Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I bought most of my shares here three years ago at under 5p. A family member recommended #GGP. I well remember the "transformational" Havieron RNS which enabled me to take profits over the next few months and, luckily, I'm now on a freeroll but still adding when I can. I love this company and SD. The expanded BOD is exciting but we have trod water for 18 months or so, not helped by worries over the JV stake and Newcrest's lethargy/apparent disinterest. However, I can't see any way I would sell my stake unless it was to top slice at an SP of over 20 (now that would be nice for starters) .
The concerns raised by PoorOldMan are very valid and SD really needs to give us a detailed plan depending on various scenarios. I'm sure he has them.
Finally , may I just say what a great forum this is compared to others that I pop in and out of - I only post in forums of companies I hold shares in and will look here more regularly now. I checked in today just to see what was going on as the SP looked like it might be falling off a cliff.. Let's hope for some positive moves in the next few weeks/months. Apolgies for a bit of reminiscing. GLA
It ain't over till the fat lady sings
I'd have preferred busy to bust!
Good to see that we're still alive and breathing (just)
From one of your #EUA posts Scottytom
'A lot of wind-up merchants on here, and the stock seems to have gathered a bit of a cult following. It's difficult at times to pick out genuine posters.'
Amen to that. if you think this board will be easy after that place, you've made a big mistake.
Open debate is essential. Differences of opinion and points of principle need to be aired.
What is not acceptable is hurling abuse at fellow posters who have a different point of view. Yesterday afternoon was toxic and childish. Playground stuff and valid points made were lost in the midst of the abuse hurled. I resisted the urge to post gave up reading the forum.
Most of us on here are heavily invested in Avacta for all the right reasons and it's sad to see fellow devotees fall out when they are on the same side.
Just watching the SP and hopefully the bottom has been hit and the upward trend can be resumed. GLA.
sorry missed out Profit before tax which was 6.6m (last year 3.2m)
Megasteel's accounts have just been published on the Companies House website (use the Search option) so are available to read. Results are outstanding and the directors seem excited about the deal and are actively looking for acquisitions once they go public.
Turnover 30m (up from 19m)
Cash at year end 10m (last year 5.3m)
The accounts say that Megastel shareholders will own between 85% and 90% of the new public company
barnard, thanks for referencing the Alan Green interview. I missed this at the time as there were so many 2023 stock picking interviews going on. For anyone who is interested the link is here and TMOR is referenced at 42.00 mins in. It does sound very promising.
https://stockboxmedia.com/interviews/research-talks-stock-picks-for-2023-prem-gcat-maru-fcm-tek-grx-ecr-pow-tmor/
When I saw the title I had hoped it would relate to anyone know where Mitch a& Tony are. You would have thought they would make some statements to reassure the market and shareholders. But I guess they don't feel the need to do that as they've got what they want and their own positions are safe. Even an interview with Malcy would be better than nothing - at least it would be a soft one for them.
AA's got enough on his plate to get KIST moving again and I can't believe he would devote his time and resources to the North Sea now and certainly wouldn't come to the rescue here after his last rebuff.
NoQuestionMarks, I'm sure BOD will try and get their hands on some of BP's assets at favourable valuations (to BP). After all BOD have recent form in negotiating deals that are favourable to the vendor.
Apologies for my cynicism which appears to betting worse with age. But remember a cynic is a man who know the price of everything and the value of nothing.
I'm going into mourning about all this now so will keep quiet for a while in case anybody thinks I've got an attack of the sour grapes
sadly North Sea is now a Red Flag for any investors except, of course, Serica who not only have acquired another North Sea operator to boost their exposure in this area when savvy companies with alert BODs are doing the opposite.
Just my opinion of course and what do I know
I had a shock when I looked at the SP just now only to see a 12.5% drop on no news! Last month I had it as one of my 5 picks in the UK Stock Challenge. Almost tipped it again as well as we await news. Anyway, I agree Candid, nothing to worry about here. Just a waiting game as those who seek a quick buck head for the exit.
Norma, sorry but I think you're being a bit silly now.
BOD obviously wanted to win the vote so they would have wanted to emphasise all the plus points to get close to 100% acceptance. To say they do not "have to provide the interpretation of what's made public" when the vote could have gone against them is ridiculous.
There may be something here that is concerning or there may not be but it seems quite clear to me that most on here are going to stay the course, in which case we all share the same goal of wanting to see the SP increase significantly.
I would point out Norma Stits that the two statements you quote are not mutually exclusive.
To have 26% voting against a rushed through vote is no mean achievement and would have been sufficient to block the deal at an EGM requiring a 75% vote in favour. So BOD is very much on notice that it has to perform. The SP didn't exactly leap with excitement when it heard the YES vote had prevailed!
As for the Chairman's Statement I though it was good, struck the right tone and savaged the Government. Who could possibly have a problem with that?
GLA. Have a great weekend and let's hope our company moves forward from Monday on.