Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Currently the market isn't putting any value on it and they don't have any funds to do anything with it, I'd say at this time it is a technical duster.
As for selling at spud rise, this is looking increasingly like a crowded share, so anyone thinking of offloading larger sizes will be behind those in for a punt.
And who cares what you are going to do?
No one actually knows how the shareprice will perform, it could stay at this level go lower or higher.
It's only worth a punt IMO funded drill whatever the outcome will need more funds
I'm invested, I feel at a very good price, there is going to be a lot of churn to get through and I'm quite happy to let the market decide the shareprice in the run up to results.
You could research the asset until the cows come home and you'll only end up putting more in.
It's a make or break drill and it's very exciting to be involved with.
Good luck everyone.
Apro, they've just had some funding so it's not an issue.
The time lines for further funding would be dictated by the lender and not the borrower.
The Company has to improve for investor confidence because if they can't get basic listing requirements right, they won't be able to run a listed company.
It's bizarre to think that if someone is indeed invested they would look to find a conspiracy theory over parts for an upgrade being delivered.
It's just as bizarre to see a reasonably intelligent and successful person have such a costly flaw whereby they blindly follow a 3rd rate CEO and they even think they are remotely aligned with them somehow.
May I just remind everyone that we all have shares in the parent company and RM is actually a creditor and also has the ability to regenerate his holdings in a restructured new company, if somehow this company fails.
It's easier to see the chess moves, when you're not blinded by the jam tomorrow.
Going by their own RNS the funding was for $1.55m, I'm sure there were enough funds to pay for recent upgrades to the plant without the company generating much revenue.
I get it, people here are massively overinvested and currently underwater in a suspended share because the company can't follow basic listing requirements.
Let's all just look at the brightside and blindly follow the leader without question.
That is not investing its just turned into pure gambling! Sooner or later it will unravel this share or another.
Oh come on RM lent the company $150k in November there's no way they're making $220k per month profit.
I'm happy just to let them get on with it now, I've completely made up all my losses here, mostly in the time this has been suspended.
Whenever a share makes you start ploughing more and more into it, just pause take your time there's no rush.
The drill is 30 days to completion and we don't know if they've started yet.
The SP will fluctuate no one really knows where the bottom is, these plays are really just for having a punt on imo
The assets like the drill rig, could be sold to raise funds if the drill is a disaster and the company could end up being an AIM cash shell with a similar MCAP as today.
Then they'd have 6 months to find a RTO target.
I think buying at this level is a decent chance of a return whatever the drill outcome.