Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
When this was REM and £1 odd, didnt they consolidate this and then ended up at pennies and LTHs lost a fortune? If they consolidate again, initially no change but overtime no doubt it'll drop to say 0.01p meaning newbies all lose and only day traders win? That's my take on it having seen it on numerous shares and lost in all of them. Anyone here ever profited in the long run from consolidation? And after consolidation you often see more share issued by the company at 0.1p or whatever which dilutes the price even further. Call me a cynic but I've never seen any good come out of consolidation. Hopefully Im wrong.
Just checked my iii account. I was mixing up my initial investment with Kefi (another of my dog shares where I'm 97% down). Back in 2014 when these were REM I held 175,855 shares valued at nearly £3k. Through consolidation I now only have 1,758 shares worth just under £125. Not good
I think its because i originally held these when they were known as REM. Lost count of changes, consolidations, etc. I put around £8k in many years ago hoping that one day it'll turn into my pension. My investment would just about buy a few rounds in my local then a kebab on way home.
I share your pain. I too am a LTH with an eye watering £1.69 average due to the numerous consolidations etc. With this stunning 44% rise today I'm now only 95.7% down. Lol. Fingers crossed this multi bags then multi bags and then multi bags again so I can break even.
No thanks, I assume his heart is black as coal and probably just as unhealthy with all the fancy living he has made off us investors. Hopefully choke on his fillet steak and fine port later.
I wonder if anyone else can beat my average? But dont wish it on anyone tell truth.
Yes, definitely hoping he doesnt sell for 0.8p but that was just my prediction assuming this goes same way as BAO. Would love to see this multi bag from here. I will claw back some loss where others will gain shed loads. Fingers crossed my luck changes.
I've been in this dog for many, many years and seen dilution after dilution and watched my original investment of over £20k turn into a few hundred pounds. Average nearly 60p. Would love £1.50 again.....but i wont hold my breath. Harry will continue to issue shares to raise funds to pay himself and his mates, i.e. more dilution. I dont even expect this to make it to production without a buy out to another pal of his. I reckon the Board will sell for 0.8p and Harry and pals take a few million for selling...plus a seat on the next Board where they can do this all over again. Fingers crossed I'm wrong but this is looking so much like BAO. Yes I was caned for £27k in that!! Not very lucky me. Dooh
So they want to release yet another 149m shares into circulation to pay themselves £600k and £1.2m to contractors (by which they mean back-handers to Government officials and others also in this scam/farce) whilst we see our shares further diluted. How many times over the years have we seen this move by Harry? He must surely have multi millions up his sleeve so cant he just walk away and try to make this company grow instead of line his own pockets. That's my opinion anyway. Hope I'm wrong.
"In the event that the warrants are exercised, the Board believes that such funding, combined with the proceeds of Placing,........." A few questions for those that know this game;
1) Don't share Placings usually result in a drop in share price?
2) Once the number of shares in issue gets in to the silly billions, don't companies typically consolidate to reduce the number of shares in issue...which usually results in a drop in share price?
3) how much do ORCP actually need to raise, not their partners?
Thanks
If the development gets approval and funded then this is surely a no brainer. My question is who supplies the funding? ORCP may be a partner but currently a small percentage of a JV. Why would other partners pump in millions to get this going and allow Orcp to reap their rewards. Surely they'd want Orcp to invest or perhaps reduce their share? And how would Orcp raise funds: issue millions of shares at peanuts? All good for them but that dilutes current holders. Or can they raise funds other ways. Or do they not raise funds and stick with the current set up? Just curious.....
My own opinion is that this is turning into another Kefi. I hold big in that and a little in this. Charts for last few years look similar. News is similar. Kefi is even closer to funding and start on site but still down on earlier highs. Kefi has government backing and lots of powerful partners but still tanking over the long term. I dont mean to be doom and gloom but i just see comparisons between kefi and Orcp. Hope I'm wrong but it may do some of you good to have a look at Kefi and its history to see if there is similar pattern to help inform any future decisions in this. Could be coincidence, I could be totally wrong. Just saying it as i see it. But hope I'm wrong for all involved.
The MMs took it down then straight back up at lunch to pay for their expensive meals and drink. Dropping continually but will it shoot up again to pay for their expensive night out later? Fingers crossed as dont want this continual slide up until Christmas break. But hey ho in it for the long haul so roll on 2023 and we'll all be rich...provided they haven't diluted this to death.
I was up in BAO but got greedy and held. Then they started to dive but i had faith they'd return or climb higher. Next minute management sold out and we all.had to accept peanuts for our shares. Lost massively in those. Similar with REM. Since becoming KDNC and dilution shares not worth toffee. Kefi same thing. Been there years thinking in years to come I'll make a small fortune. Dilution after dilution has seen my number of shares virtually disappear. Not impressed with myself. But AIM can make you or break you as the MMs feel fit. One day I'll get it right. Hopefully in this....but i see another Kefi happening all over again.
I have a plan.........I'm reckoning this will retrace simply based on my hunch due to similar shares i hild/held. I dont look at charts nor market sentiment. Just a little research. Not a lot admittedly but enough to take a pun. If it does retrace I'll be gutted for myself and others but at least i will learn to trust my instincts in future and await full funding instead of getting in early. If, and hopefully it does, rise and multi bag I'll not bother posting except a last one to say " I was wrong and glad i was wrong and good luck to all". Then go to a pub and rejoice at good fortune for a change.
Happy to screenshot and post my portfolio. Not impressive but my own fault. Kefi, down 95%, KDNC (previously REM) down 98%, BAO (now gone), down 100%. I've nothing to gain by deramping. Im just quoting as i see it based on history of similar shares. Fingers crossed I'm wrong with this as would be nice to make something back.
I was nearly right with my earlier post as this share is going exactly same as my other share, Kefi. We'll see a few bounces up and down but i reckon a relentless slide all the way back to 0.2 over next few months. Then we'll have some consolidation which will see share price rise but us holders lose. Hopefully I'm wrong but been in this situation many times... Did i learn. Nope. Still losing.
Hopefully it will. I've only a small investment here @ 1.58 but would nice to see one of my shares make some money. I'm heavily into Kefi . They have massive potential, full government backing and funds about to be agreed. Should be huge but until that funding lands they are sliding. And dilution over the last 8years has seen my shares lose 95%. What happened there reminds me of this. Just my own opinion hence small investment as dont want to be stung again. Hopefully I'm wrong and this multi bags.