Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Has there been a ten to one consolidation?Anyone know?WTFGO.
Thanks for the posts.Very encouraging.
Yes,that's been known for some time.They will be listing on AIM.It saves money.For anyone looking for a long term potentially high reward punt the current price must surely make this one of the best on the market.The least whiff of real recovery ,either in the economy ,or in WYG must surely mean a real boost to the SP.I'm seriously considering a substantial (for me ) top up.There are probably many worried peeps in this ,but it looks like onwards and upwards from here.Consider the dosh some punters made out of their nerve when they invested in TW when it was in similar position.
Don't think it's likely.Costs money.
GL.Please post any news,rumours ,or opinions.
Ta. v. much....GL.
I agree.It's the only reason a lot of good firms have survived.
This silly business of giving them a lifeline for one month at a time is making it more difficult to gain new contracts I would think.Nobody wants to contract to a company that may have a very short lifespan.Shinobi,I don't see any point in them leaning on staff to buy shares before delisting.As a tiny contribution towards preventing delisting perhaps it might make sense,but maybe that's what you meant.GL
Thanks for that.Doesn't sound like a bit of a mess.Sounds like a lot of a mess.
Shalom!.If the company is refinanced it is my opinion that the shares will go up, even if there is a large dilution.The main problem at the moment is uncertainty about whether the company can survive..The banks won't want to lose all their previously advanced money, and if they see that WHY can survive and become profitable again it makes sense to convert their debt to a share placing.It will also renew confidence amongst investors as any placing will involve a degree of due diligence that is denied to small PIs.This is now even more of a punt ,but at this price quite a promising one.Don't quote me though. I might be deluding myself.Elechem shalom.
Don't panic Mr. Mannering!!!.I think this suggestion that they may delist is a warning to their bankers who are now obviously wanting a debt for equity swap.This is the most likely explanation for the talk of material dilution.A share placing would be better than this continuous uncertainty about the issue of debt.WHY are posturing .A debt for equity deal that necessitates delisting is no good for either party and it will be seen as such surely ?
I sold my holding here for the reasons, or suspicions,I stated.Your decision.Incidentally I did buy TW.Different situation altogether....recovery stock.When you and I bought here there was more money in the bank than the share capital .Last year big writedown on what was described as bum acquisition..This year????So far they state they're doing a buyback...They're essentially doing it with YOUR money.I only raise my doubts and as I say it's a cracking share apart from those serious reservations.Your choice.GL.
Normal is 35p.
MD .of TW said that he saw no need for a rights issue.Few days or weeks later there was an open offer diluting the shares 3/1.Businessmen speak with forked tongues.They are spending your money on buyback.Superficiallygood if it's coupled with a dividend.Bet its not.Shares in a company that do not pay dividends are worthless.Peeps stop buying them=price drops.There's something fishy going on.
Time will tell.Hope I'm wrong.However it wouldn't surprise me if they never pay a dividend, and that after all is the basis on which share prices are valued.Good luck to you .PS...As I say this is potentially a really cracking company with huge earning potential.If they wanted the price to go up ,the more logical thing to do would be to issue a good divi. at this stage and have a share buy back later.It seems to me that they don't and that therefore they won't .These are very shrewd people, and they don't need a listing for much longer .Then again WTFDIK...Best of luck..Hope you make a bomb.PPS. If they do pay a divi., I'll be proven wrong and buy back in pronto.
Looks like a guessed dead right.Less shares in circulation= easier for directors to begin to acquire larger holdings with a potential to regain complete ownership of company and delist.I think they will continue to find ways to avoid the payment of dividends until they have done that.Time to bail out ;not buy more surely.This is a cracking company but I see no point whatsoever in holding..GL.all.
I thought it had already been announced that they were retreating from Scotland and Ireland,in order to concentrate on core business.
Initial fall was an overreaction to bad news.Now showing signs of recovery.GL
Very large holdings by directors.If no divi.this year,I'll conclude that it's because they want to slowly acquire more of the company back for themselves.They don't appear to need or benefit from listing.What think you?.
Am I being (as usual) thick? What happens 8th.Sept.Results up to June are already out and a tad unexciting.Am I missing something.Thanks.