Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Paying above the ask for volume.
To be fair Aittch, many sold out at a price far higher than they would be buying a this point. They could easily have banked 20% and that would buy them a lot more shares now than they sold yesterday.
1.30 - 1.35p :0)
Rubbing my hands with glee!! !.25 - 1.35p and trades at full ask of 1.35p
Well done Wimbledon on your purchase yesterday - I thought it was a very good entry price and so it appears to be - good for you and putting your money where your mouth is. :0)
Yes indeed, lot's of blue but 99% are tiny little algo trades...
Full ask being paid and 1.264 paid for 1,000,000 + 1,500,000 shares
Actually the spread is now 1.25 - 1.30 with buys at 1.289
Oh okay so there was no such statement then? Making claims that you can't back up = dumb as f**k....
Samsticket you say "Does it not clearly state in recent news that they have sufficient cash flow to do ewt on q3" really? If that is the case maybe you can point to where I can find that statement? I haven't seen it, neither in any RNS nor in any interview.
Well if that RNS was meant to be a "fluffer" for a forthcoming raise PJ it crashed and burned dismally - the market still looking very flacid.
PC have you actually told her husband yet?
So SWLC if they still had the lion's share of the £8.7m as of 7th Feb why did they need another £4.7m ? Well if you actually read the RNS for that £4.7m raise properly it spells it out for you:
"The company led placing provides the Company with sufficient working capital to progress its planning for the next stage of the work programme in Tanzania......"
"This placing enables the Company to determine the next stage of its work programme following the success of the Tai-3 and Itumbula West-1 exploration wells."
So it was to provide the company with the ability to "PLAN" and "DETERMINE" the next stage of the work programme. Note the words "plan" and "determine" SWLC. Things that they are doing currently that amongst other things necessitates expanding the team, ordering long lead items, basin modelling, sub-surface activities and many other things.
It does not say that it provides the company with the capital to initiate or complete that work programme. If it did, do you not think they would have said so?!
I wish you well with your Euro lines Tanzania. Fingers crossed!! ;0)
And just to stop Rojo saying it - you are more likely to make a fortune on the Euro-lottery than with AEX...
No, only joking Tanz :0)
The perception of "discount" on fair value is a fairly subjective one unless through share issue and share price which is fairly transparent. I am aware of one "farm-in" that valued 50% of a company's principle asset at $35m when the anticipated revenue from that 50% is anticipated to be over $20m a year..... now who says that is good or fair value. It is a lot easier to give shareholder value away through "farm-in's" or "JV's" in my opinion as it is far more difficult to assess the immediate "cost" to shareholders.
But no matter I have to get to lunch!
That may "literally" be true Blubay, however most forms of funding involve a "dilution" of one form or another - for example a "farm-in" may raise you money but if you have to give a way 50% of your assets for that funding those remaining shares are backed by 50% less assets; once the funding has been spent every shareholder owns 50% less than they did before. The outcome is exactly the same as doubling the number of shares in issue for the same level of funding.
Both dilute the shareholders equally but by using a different process.
Dear oh dear here we go again - dilution does not mean just the issue of more shares! Well not in anyone's version of reality but FRED's. There are umpteen ways of being diluted.
Yes Blubay I would agree but we are, as you have indicated some way off being in a position to do that; indeed much of what you point to forms a large part of the feasibility study mentioned yesterday in the RNS and interview; which is not expected to be complete for 6 months yet (and then some perhaps). I was half expecting them to give some hints on the hiring out of the rig yesterday but rather than that they seemed to suggest the opposite; that they had it in a state of readiness for our own use? If that interpretation is correct I do not see how they can avoid raising again pre EWT and certainly before appraisal well drilling.
Anyway enough of this I am off up to London for lunch. Wish you all well.
This is AIM FRED - capital raising is the name of the game. He1 has no income and a large development programme. It needs funding. So "no" FRED I am not guessing, it is an inevitability, the only questions are when and how. So until you tell us all what that non-dilutive funding option is I will be assuming that when it happen and how ever it happens it will be dilutive and I will be ready to take advantage of it.
So what is that non-dilutive funding option that you are going to offer to change my mind FRED?
I don't know when there will be a raise FRED but I am convinced that there will be; a cap raise of one form or another - it is a question of when, not if. If so, I will be ready. If I am wrong I am happy with those I already have :0)
So what is that non-dilutive funding source then FRED?
FWIW Wimbledon I think that is a really good price to be buying more - I would be doing the same but keeping my powder dry for the next raise.