Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Mulder, I invested in PAF approx. five years ago and sold far to early. I remember seeing your name likely on this board back then. I like the fact the board put their money into the company, the company pay good dividends and feel politics is playing a part here with the low SP. I am unable to day trade which is a risk, but chose PAF again because I feel happy to leave my money here for the medium term.
It would be nice to have an update in relation to the RNS early February....when is due course...
Finally, regarding potential acquisitions, Iconic has been in early stage talks with various parties. However, given that the trading suspension was only lifted last week, Iconic is only now able to move beyond preliminary discussions with those parties. It is anticipated that any acquisition that Iconic makes will most likely be a reverse takeover under the Listing Rules. Further updates on these discussions will be provided in due course.
At this time I believe this company was just brought back to life to transfer monies from retail investors to Ott, the fund and Sefton. I'm really hoping I'm wrong and a positive RNS lands in May. I don't think we'll here anything this month and the price will steadily drift lower.
I don't think we will hear anything until next month (if we are lucky to receive an update). I have a small amount of hope remaining that a reverse take over is being worked on. But the silence is making me believe more each day that this could be a scam for shareholders.