Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
'' Buy low sell high is the bottom line .'' It is the only line + buy shares that pay a divi while you are waiting.It took me a while to learn that.
''Baz , there is a reason you don't make money from shares , lol your words mate.'' TB,you have a good memory when it suits you. The bottom line is this,are you in the black with SG ?. This project is your religion and like all religions and faiths,deep down you know it aint true, (Mark Twain)
Pub was fine (boolin club)
''23,500 ounces a year '' when?
TB,just in frae the pub.I am merely stating the maths and nothing else. In this share it seems, buy low then lower again,rinse and repeat ad nauseam . goodnight old son.
Ah'm off oot tae the pub.
Morar,it's not £200 any more ,you have to pay £22.50p for the shares therefore it is 222.5/1150 =19.34p
£200 + 150 x15p = £225, 225/1150 = 19.34p same as before
''eg, 1000 shares at 20p. market cap = £20.00'' err maybe not. 1000x 20 = 20,000p/100 = £200.
If you own 20 share at 20p you have £4 worth the shares.You are allowed 3 shares at 15P. Therefore. you now have 23 shares worth £4.45p. 4.45 divided by 23 = 19.34 p per share.
''The problem is the SP. The dilution effect will be 33%''.A bit fierce that George.Show me the calculations.
No dilution then? These are being held at 20p to make the offer appealing. Just bide your time,you can fill your boots at 15p or lower. Ps, over the piece, Shylocks predictions have shown to be more accurate than yours.
''Yes got mine, no brainier really, sell 10000 or whatever @ 20p then buy 13,333 @ 15P for the same cost''You must have approx. 100 000 shares then. Sell 10,000 leaves 90,000 15% (your allowance) =3500 new shares. you will then have approx,103500 shares which will be diluted when the new shares hit the market. A very small no brainer.
''I bought in a week or so back - was hoping for a sneaky few percent but didn't work out so I've held through and am now in for a while I guess!!!! ''.That is how a short term investment becomes a long term investment.Done it often.
RH, I knew you could not resist.The ''I am NOT sticking up for him'' was inserted for yourself.
''But on this BB, spent years hanging on his coat-tails. LoL!'' Now now RH. I form my own opinions as you do. Here we are in 2023 without a brass razzoo to show for it. Stand back from the canvas and have a look at the big picture. Take the main protagonists on this board (I don't need to print names, you have been here long enough to know) and go to an ombudsman and ask who has been right. As opposed to the coat tails fella,I want SG to succeed. C'mon RH, they had a cash raising 2 months ago at 40p and now unashamedly another at 15p. Think they might be right this time? hmmn lets wait and see.
Jon Chapman is old hat on here.He is accused of being ''Shylock'' and ''pr100'',a previous banned poster.He certainly had an axe to grind against the company.Love him or loathe him,when you look at what has been achieved in 13 years,it seems that he has got more right than wrong. And before you all dive in,I am NOT sticking up for him,just sticking to the facts as they have unfolded.