Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What's in a few words - "We are not managing a delay"? Perhaps AZ means we are mis-managing a delay, or we are experiencing a delay being managed be others...
It seems that the non-following of international market practices in Italy has necessitated the intervention of their Ministry of Economy and Finance. Of course, as unwelcome as the delay in funding-agreement/first-IM is, the electronic logging of non-possessing personal pledges is, IMHO, necessary to achieve the globally scalable/replicable IM product that is so essential to SYME's ethos. I hold.
We, however, remain in the dark as to the Directors' expectation "to fully operationalise the business model in the near future". Hopefully sooner rather than later into H2. DYOR.
Now under 2 days to the FOMO of the AGM, the expected completion of the initial Captive Bank arrangements, and the expected agreement on the Italian IM.
Nicely coming together - I think we can now expect a golden reality soon to emerge from the historic RNSs, with substantiation of the captive funding update, direct investment, and initial Italian monetisation. SYME should now move way beyond the RNS of expectation, with confirmation of the above, naming of the Italian Banking Group and Fintech Bank, and explanation of the process of global scaling.
Agreed. Less an acquisition, more a symbiosis. De-risked global in-transit/warehoused monetisation is good enough for me to add a further million. Amazed by the market reticence.
Well, if big-player buying is now one, it just needs us pi buying, like a normal market... plus news.
Thanks ap incredible post. No doubting where SYME is heading. But where does this leave is smallfry PIs? Was going to post the following separately, but here seems better. Not a deramp, just appealing for PI analysis and insight:
Most of us here assume that eventually - even as early as next week - free-market forces will prevail and instigate realistic share pricing. Nice, but why necessarily? AZ has weathered the lack of price action on his 21 September 8bn euro RNS, and why would he not continue to do so (barring his 0.6945p call) on future RNSs? I would be relatively unhappy if the price remained bound by 0.6945p (and at 0.5p I am ~£7k underwater!). But the entities that have engineered low pricing to date, I am sure are powerful enough to continue doing so, if they wished. What really is their end-game here: low-priced total acquisition, dividend income, and perhaps even drip-feeding their shares back to the sufficiently gullible once the price has reached several pounds? Alternatively, could the stickier PIs here be tempted now with a 10p buyout? I would have to think about that one, but probably not! Whatever the end-game in and around SYME, I am sure there will be more twists along the way. Roll along, and good luck all current LTH PIs.
More like sarcasm, I think. Price pretty much static as usual. And that is even when the buy volume outweighs the sells by 2:1, at least as showing on my system.
Well asked by Savvy for AZ publishing a revelatory RNS by FRIDAY. It is high time for a relaxation of the wealthy-family/II influence, and for us minion PIs to establish a rump free-floating market with realistic pricing (and for AZ's call to be left far behind!)
... and that's only after 48h. Normally would sell on gains like this - but PAT looks more than good for LTHs.
@Rob1967 metoo. Now already more than doubled. Company's stance looks amazing. Another UFO here?
Regarding the "... completion of the Proposed Restructuring", does this carry the same deadline as the Covid-19 extension to the reporting - i.e. would resumption of trading be no later than 31 October?
Exactly @seadoc, and TomRiddle. Syme is simply too good for the weak investor, and GT's portfolio (WG thanks for the link). iis will soon be saturated, and the pis will drive the price...