Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for clarifying that.
Dacorum: a no vote means it isn’t registered. So if peter votes with his shares and no one else does, he has 100%. If someone with half his shares goes against him, he has 66%. Someone correct me
If I am wrong.
Here is the contract's description on Bidstats:
Description
To supply 13 scanners and arches across the estate with new and purchase an additional 2 of each.
The replaced scanners and arches are to be stored and supplemented by 2 of each new equipment thus achieving 15 of each in storage until needed for the state occasion.
It also says it covers 1 month for £2m.
this differs to what we were told in the RNS. I don't know, however, how reliable Bidstats are and whether it has changed to £1.8m over 5 years since putting out the tender.
Peter might be a little concerned that he won't win the vote, but that is likely unrelated to the vote date. If he really is about to sign up a contract or 5, he would have to propose another raise which is specifically for that and deemed essential to get the contract over the line.. then everyone might vote for it. the problem he has now is that people don't believe him.
So do we think nearly all large trades prior to the RNSs and those seen over the past few days are existing holders selling their shares above 4p knowing (hoping) they get them back after the vote?
Thinking back, there did seem to be a push on Twitter a few weeks ago, including one paid for PR chap. Still, I wasn't prepared for the placing so it didn't click.
Whilst you might be right, we can't say for sure as we don't know what the cash has gone towards (i.e. stock). I suppose the opposite is also true as it shows any stock hasn't been sold yet.
I think it is interesting that the RNS states and their 'expected' contract wins will see them continue with their revenue growth and then the next paragraph refers to the MSCs in advanced discussions. he either has something up his sleeve or is misleading investors.
I would actually share a similar view if I wasn’t invested as I would see a good trade from 4.3/4p or whatever it is to buy.
Alb: if you want positivity then this isn’t the board for you. Best to avoid it. Whilst I can see why many are ****ed off (including me), I wouldn’t bother coming here if I was an ex investor as it would only p155 me off. Alb: it is good to be positive about things in life, though (Good trait)
Whilst battling the board fills me with a wide range of emotions (remember MRS?), if it makes Peter Fowler wake up a bit and the shorters under pressure then fine. What we don’t want is Peter to self destruct and take the business with him. Peter may well know a deal or two is all but done but the risk there is that he could be lying or misleading us to get the placing over the line/ his investors on board. It is a tough one. At least there should be a good rise at some point either way, but I am sure it isn’t as high as many here would have hoped for in the past.
That is a great return but I wouldn’t fancy owning shares in a private company. If you knew you’d get that kind of a return, it would be a different story.
I remember a BlueStar but maybe not that one. What happened?
I have been watching this one a while. Results (interims) due this month? High revenue, reasonable balance sheet, large contracts, poor area in terms of political issues.
Here is the link from Twitter:
https://research.arden-partners.com/guid_docs/E1432959-73C0-40DC-A34D-96E03B8B1F7A.pdf
The 4p isn't the end of the world, as if we had drifted down to that level without a placing, i would have bought more. the issue is the larger number of shares combined with 4p. I am not happy about this but it is still fresh and things will settle down.
If we get those airport deals over the line, the price will go bonkers without the debt hanging over us. The question is whether we will and when.
Don’t I’ve invested in both, Reece.
What is annoying here is that this was being ramped a lot on twitter recently by ‘big names’ and maybe now that is a warning sign? They may well be back on there again later today/ tomorrow saying how close we are to signing a deal to get their 100% from 4p.
I will be interested to see the next results to see what the current assets look like as it could be appealing here if they are still similar to March’s figures at this price. someone has Probably sold a lot here, which I think we will see later.