Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The $8m shareholder fundraise will fail.
Placees will be on a nearc20% loss.
3 weeks to AGM.
It was a rushed job due to need for ‘going concern’ status.
I an’t help but think Tyris will be benefiting from this as it was fairly predictable.
The dust has to settle first. 2 months maybe.
TXP’s December fundraise in December was a mild game-play where the price stayed below placing for a while before clumbing significantly. They too are debt-bound, and needed 6 months for payoff.
The directors will need to address this predictable event at the AGM. 3 weeks .
3 weeks of turmoil methinks. But the vultures will be filling their bellies.
Surprised shorters have not jumped in.
Not worth crystallising a big loss.
Best to leave for 3-6 months and see how preparations for the gas well pan out.
Post AGM the directors can think about the 45p Placed price. They are really relying on next year’s gas field to accelerate cash-flow though, so the debt situation is protracted. In my view a superb time to buy and hold though.
All a game right now. Usually takes 4-6 weeks for Placed shares to settle. Below Placing is normal.
It will mean that eligible shareholders won’t buy at 45p though. Market often does this, especially in Rights Issues. It undermines fund raising.
JSE’s bif insti is probably buying.
It’ll be awhile but s/p will respond eventually. Not yet. Doldrums sub Placing for a fair while. Best left or buy.
Oil will not necessarily rise hugely. Saudi have helped to put a flexible floor underneath it and need $80 a barrel Brent forcGDP. They may not achieve it but it is snakes and ladders . Oil is unlikely tonplummet.
DalaivLa had a few too many rum totties trying to enjoy the present I think. What a load of codswollop from him!! Does not relate to the present world..only to some people some of the time and is meaningless and actually just plain wrong.
1) Plenty of people enjoy work ( plenty don’t of course) and earning money is not a sacrifice to them but often fulfilling. I know many who enjoy the way they make money .Silly blanket statement.
2) They do not spend or have to spend money on recuperating health as earning money never damaged it!!
3) My God most people go out and have a good time-at least if they are not impoverished. They certainly do enjoy the present fully! I know plenty who make good money and use it to have a good time too!!
4) Not enough people plan for nor worry about the future!!! It’s one reason why so many older people have financial and other difficulties. Too busy living in the present !!!
5) We only have the present moment to live in. The future does not exist, only as a concept. And most peoples’ aim is to enjoy that present moment, and it’s only a few that put off the present pleasure. (My MA in Psychology called it ‘deferred gratification’.
It’s rare. Not enough people do it!!)
So each of the Llama’s assertions certainly does not hold water!! Only the first and even then only for some.
You can’t blanket statements about humans…doesn’t work. You don’t need my BSc/MA in Psych. to know that!!! But what it did teach me is that blanket generalisations about people are false.
As are each of these comments…totally untrue generalisations, maybe true for a few!! Certainly not me nor those I know.
Yes I clearly hate ‘celebrity’ twoddle a lot. !!! It misleads people because someone is famous. ( like this stuff)
Not that Ncyt would care either way.
Too busy making easy money with no sacrifice(!) , enjoying fruits of their non-labour, and not worrying about their or the company’s future (£84m in bank). I rest my case.
I think the DL should stay in the real world though as he clearly isn’t!!
Valju
I agree with Harchris fully.
Cowardliness.
Add your mention of contempt for shareholders.
Add a desire for as few demands as possible.
Add the alienation of virtual meetings which allows control of Q and A, and indeed people.
The BOD have shown their mettle.
Not surprised previous CEO left. They must be a total nightmare to work with.
Oh yes..add your lifestyle company, definitely.
I already had him on filter, so suggest others do the same. I support Valju in his logic but warn people about averaging down too much. Lost my livelihood in 4D, Pog and Ncyt this way. I still support the bottom drawer thesis , as I did 2 years ago. I said it would be this long, but didn’t expect it this low at all. Of course it could go lower, any share can.
No debt( but big legal bill unless outright win)
New markets
Need for viral screening will not go away.
Horrendous possibilities of bio-weaponry or leaks.Do not underestimate.
Court case only a year away.
I have had a case last 8 years and presently have one going to court in late July. Nearly 3 years. A year is nothing.
Cash burns, but no debt is something not many companies can lean on. This case was started by BJ’s already deeply corrupt govt. and to mecthat speaks volumes.
Yes I consider the BOD hold shareholders in contempt, butvthey want their salaries and bonuses to continue. GM did a runner and should have had to hand back his bonus, but that’s AIM-no regs.
Leave this in the bottom drawer and maybe buy a smidge back. Dodgy crew at helm, but credible debt-free company.
Darkly fascinating watching how this share is being pushed down. Just have to look at the simultaneous identical sells. The s/p is wanted low. The BOD may be complicit-it they are bothered about anything apart from their salary. For Ncyt to get this low, it is not just a share-price sag. They want it this low. Or lower, who knows? I certainly don’t. I do know they hold shareholders in contempt, clearly, but why allow your company’s market cap to become laughable? I only assume they don’t give a damn.
Report abusive posts. Out of order to malign people with a genuine disorder and just attempted abuse.
BOD have no shame or Ncyt would not be where it is. They are not bothered. Salary is their only concern.
Best to top -up or bottom drawer this one . Open-endedly.
Much activity going on. We will not let them ever ever ever rest for this.
And I hope they read this.
Email to be part of it.
Interpath need naming and shaming.
Sharesoc are fully behind this.
Interpath have been nothing but self-serving . Taken £7.4m of our money for dogsbody work. I could , after some training, do their job at £635 an hour with no problems.They have done nothing but promote secrecy and subservience to financial greed. They reflect all that is wrong with this growing two-tier society in the UK. Institutionalised greed. While junior doctors and teachers strike-more due to overwork than pay- they fleece millions from helpless shareholders. I wouldn’t mind so much if they lived up to their marketing promo sales literature, but they don’t. I was provided with 2 English law articles by a top London solicitor and they used their own to deny it, not releasing names of insurers. This was back in July, and they have only promoted the carnage I am witness to in the SAG. Divorces, family rifts, severe depressions and breakdowns. This was not a caveat emptor case where people can say only invest what you can afford to lose! Investing is not like that in reality. These guys led us a merry dance from the beginning to the duplicitous relisting end. Sickening.
Interpath are part of the abuse.
No guarantees of anything, but nowhere near giving up. A lot of us are active. These two Shamen peddling seductive wares deserve justice.
S/p is just being tightly controlled at the moment. It’ll only rise when a favoured party wishes it to. Director sells Catalysed this fall. It was nicely massaged up to £2:80+ just for them. Q1 update will be interesting. Wonder if there is leaked info regarding such. This may be here just as a buying opportunity, but is definitely held very tightly. My ave. Stands at £2:30 but I don’t think I will see that in a little while. Happy to wait.
Yes. Now managed by Interpath who obfuscate and over-control to a pathological degree, and even under legal request, will not release name of insurers.
By a long chalk.
The SAG are very very active and all shareholders can be part of this.
We are in contact with the FCA( fwiw), SFO, are supported by Sharesoc and are actively seeking action.
Don’t give up quite yet.
The suffering caused by these seductive peddlers is immense and unforgiveable.
colin.lawrenc*@talk21.co*
Emails not allowed so you fill in the asterisks.
Give holding and sum invested.
You will be invited to Teleggram group
It is not over.
Insurers have been issued with Intent to Claim.