Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I understand all that stuff, hence why I own 76 million shares. But I don't like liars. At least in your last two posts you didn't actually repeat the same lie again which is progress. Although I would still say that investors should be concerned about how their previous business was managed (by them), because it ended up in administration. But, I will repeat again - there are significant potential gains to be made from these levels.
I agree with a lot of what you say magnamus but you are still failing to write the truth about the Ladbible takeover of Unilad. They bought them out of administration because they had £6 million in debt owed and £1.5 million owed to the tax man that they couldn't pay.
But I will hasten to add (as I already have on here), that I think there's a good opportunity for SP growth here. But you should provide accurate information and not mislead other PI's.
They also owed HMRC £1.5 million in unpaid taxes.
Unilad was bought out by Ladbible in 2018 because it went into administration with £6 million of debt. Please don't mislead people.
Ramp as much as you want mate - it's suits me. Just don't lie.
I'm here because I own 76 million shares. But it's important to acknowledge the truth about the BOD's past business dealings. I belive there is significant upside here but also significant risk! The fact that they don't own any shares is a red flag, but equally I can see this moving up on pure potential and maybe they have a point to prove following their failed venture previously? It's a punt for me with either massive upside or spectacular losses.
Magnamus - not bull****. But that doesn't mean they haven't learnt from their mistakes.
https://www.independent.co.uk/news/business/news/unilad-administration-6m-debts-viral-content-facebook-a8568941.html
Yes, clearly Glimpse are considering an IPO at some stage. At which point if their shares do well Icon can convert their warrants and generate cash.
I see my 75.9 million buy is showing as a sell.
The worlds biggest consumer of coal, China has announced they will be carbon neutral by 2060. They won't achieve that by burning coal and they won't want to just decommission their coal power plants as it costs too much and they still need the power. South Korean finance company already providing SAE with an 'in' in Asia. I could see SAE inking numerous global agreements over the coming years to convert power plants or provide feedstock. Either way thr market is immense and if proved at Uskmouth are the only player in that market and would be on track to dominate it.
I think they understand that getting this over the line and being able to keep all the profit means that they have a large, sustainable revenue platform for years to come which will allow them finance other projects without the need to raise through placings or debt. It is what will propel their business model forward by a considerable amount because of that guaranteed capital going forward. It opens up the possibilities of being able to close out numerous smaller projects quickly, generating more income and eventually projects like Deeside which is of a similar magnitude to Billingham and would generate considerable income. As I've said before, it's a snowball effect and. Billingham is crucial to giving the market confidence in their ability to close out a big project.
The RNS makes it sound like the only reason it is being extended is to iron out the buyout of the SPV prior to financial close. As if it's all ready to go but Eqtec wants 100% of the profits gained from the project so won't close until they have agreed with Scott Bros. Hmm.
To my mind if it wasn't a goer they'd know by now and would have announced the extension. The last 2 extensions have been announced weeks ahead of the deadline date because they knew it wouldn't be closed. If it gets extended last minute I will probably de risk slightly but still expect the SP to move up significantly over the LT. A firm hold for now and if Billingham lands then hold on to your hats!
He then corrected himself and said "some way off." But prior to both those statements he said that they were "on the brink" with LFT pregnancy style tests. Come on, don't misrepresent his words to suit your agenda.