Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Craigie,
The SP has been flat in this 0.2/0.3p range for a week now and interestingly it’s below the placing price. If anything I would have thought it would sit at 7.5p until further news?
Off take news due in the next week based on JM’s recent presentation. How much of an impact do we think this could have on the SP? Depends on the size of the deal I suppose?
FB this thought crossed my mind also I’ll be honest. Reading the TSG RNS they’ve broken down very clearly the % premium offered in the offer price based on closing price on certain dates. So if someone is trying to make it seem like they’re offering X% premium value this could falsely push the number up to make it look like they’re doing PIs a favour by offering a “larger premium” than in reality.
Ok now THIS is huge. Going to be very very interesting to see what they say. Just a mention of nickel could send investors into a frenzy thinking they’re “getting in before the crowd” by buying shares in nickel miners.
Well done to them...getting in ahead of others in March 2021 haha.
Not naive in my opinion. The next 6 months will be very telling and I have faith in JM and the rest of the BoD. News flow has increased as promised and I believe everyone’s patience will be rewarded with news of finance and commencement of Araguaia construction in H2.
Don’t forget Vermelho!
Pursuant to the Offering, the Company issued 88,060,100 Special Warrants at a price of 7.5 pence per share (C$0.133) per Special Warrant.”
“The Special Warrants and Underlying Shares are subject to a hold period under Canadian securities laws until July 10, 2021, unless the Final Receipt is obtained prior to that time. The Offering has been conditionally approved by the TSX (the "TSX") and remains subject to final acceptance by the TSX.
So there’s a hold period they are forced to stick to?
I’m not a professional or financial advisor but my understanding is any profits you make in a investment ISA account is not subject to CGT? That’s what I’ve gathered from my research but perhaps a more experience poster can confirm or deny...
From the RNS:
“ Prior to joining Horizonte, Michael worked for BHP, Newcrest Mining, and WMC Resources. At BHP, Michael led Cerro Matoso’s US$350 million ferro nickel production line refurbishment with a complete furnace rebuild in Colombia. As Vice President: Projects and Engineering at Nickel West, he was responsible for the implementation of a US$5 billion capital investment programme, and he led the asset ramp-up phase of the Ravensthorpe nickel operation in Australia.”