Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I've messaged Olly Scott at Montfort to see if he can provide any information. Given he did not reply the last time I contacted him I am not holding my breath.
I would have thought the role of a PR company would be to at least reply to queries. Hey ho what do I know,
Did the company need to do this deal ? Why not roll the existing arrangement.
Very true the Dicksons are doing well here. They've done alright with the Verso deal and the coffee mbo prior.
Scaling quickly still looks to be an issue to me. Meadow could have got this far on their own.
Newgrange, if you work through the admission document you will probably get to about 22 key holders in this business. Some may of moved on but all have a link to the Dickson family. Worth a look at who backed them when they reversed into Barkby. Successful people don't invest that kind of initial investment if they hadn't supreme faith.
If you look further David Holdsworth massively raised his holding in 22 and you can add in the CFO Doug Benzies who now holds in excess of 1 million.
They haven't given their company away cheap with share dilution have they ?
We are happy with our holding due to the amount of " skin in the game"
Lets see what happens this week but I expect a vastly different perceived business will emerge,
With the share now suspended will we still get news out this week ?
I do expect confirmation of the loan details and was surprised it was only 10 million although they cam raise by selling Malton and Wellingborough to the JV for circa 10 million plus the 6 from the CSS part sale.
2 pertinent questions for me.
Why has Meadow joined with Barkby given their size ?
Does the above point to Roadside acquiring someone to be able to scale quickly?
If so anyone that is holding will benefit. Others may have missed the boat.
We will know more in the next fortnight..