Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We're now 5 weeks in and I don't believe for a minute that the results are not known. Let's see if they coincidentally drop on the 19th.
I don't know about anybody else but my opinion based on experience and research is that the results will be known by now, we're 4 weeks in from what we know, possibly more. So what are they waiting for?
I don't understand what your issue is ART. If they convert now they pay a premium and take the shares out of the market. If they're auto-exercised then we all make money, unless you bought on the spike at 1.50. Your talking a lot but saying nothing.
"I have now come back down to earth with my expectation." In other words ART, you have sold up and was hoping for another drop to 0.80. Transparent as a Greenhouse.
It's 3 weeks from what we know, the RNS was released on a Monday so in reality testing could have started the previous week meaning we could be close to 4 weeks. Either was we're getting close, surely.
It's down to the state of the market. I've been in the markets for just shy of 18 years and the last three years have been some of the toughest conditions I've seen with regards to volume, fund raising and investor mentality. Punters (because that's what we are now days) do not want to invest, they want a quick return on a every purchase. They (the herd) will turn up here when the volume increases and then sell when it drops off, the majority lose. Matching the trades over the last few sessions never fails to amaze, most hold for less than a session, the average is just a few hours. Punters would rather risk buying on a 100% rise in the hope of making 100% rather than buying whilst it's quiet and making 200%.
Trying to trade this so close to flow rates dropping would be foolish imo but it just about sums up the Junior markets. Extraction willing to take stock at 1.5p is a huge vote of confidence. Align have to exercise warrants which puts cash in the bank, a very clever way for Extraction to inject cash into the company without buying directly from the company.
That should have read "but the UT Trade was 0.83"
The spread was 0.725 but the Trade was 0.83. The UT is a red herring, it will open Monday at 0.725 providing there is no news.
This last RNS certainly makes your theory plausible Breq.
The biggest clue will be the volume increasing, there is always somebody in the know in this market.
I Agree ART. I've been involved (invested) in many drills over the years and the average time for testing has been two weeks, this in generally inline with information I've found online, in fact some state around a week. What we don't know is, when the testing actually started, I would assume 9-11th Feb.