Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A buy out at what price?
I agree I don’t think a buy out would be in our interests currently…unless someone comes in with a blow everything else out of the water bid, and unfortunately I don’t think we are quite there yet.
“with limited input of our human and cash resources”
This one line pretty much sums everything up!
I wonder when PC’s next all expenses paid trip to the States will be?
If anyone is going today please pass on my thanks for last years early Christmas present!
“I'd feel better about this is EMH provided some details on fulfilling the requirements that need to be met before applications for this grant can even be submitted.”
That should be where the CEZ (or should that be Czech Republic) holding starts to show it’s value…
Looks to me like the mm’s used the low volume from around the 19th to try to walk us down, they won’t find it so easy now volume is returning especially with the news flow we should be seeing in the coming months.
Hopefully next year we will get a real “early Christmas present” very early would be nice ;)
“I'm sorry I totally misjudged you.”
Don’t give it a 2nd thought, we clashed about a share we both hold that’s going to happen until the end of bb’s. Certainly no hard feelings on my part.
It will probably surprise you to find out I agree with you, there could be great things ahead. We just need PC to realise his strengths and use some of the latest raise to bring in experts to do what he hasn’t been able to.
At this stage we should be raising to invest in plant and team expansion, value adding not keeping lights on.
I’ll lay off the bashing for a while, but it does genuinely come from a frustrated holder not someone trying to get a cheaper entry.
Merry Christmas to you to, I take nothing personally on these boards after all none of us have a clue who we are actually talking to.
Clear as mud…by design so those that don’t look deeper than PC’s updates can continue to cheerlead him on.
If this deal is as good as you think, and the heavily discount part of it is so small, why with all this new found money has the SP plunged since the announcement?
What does this bit mean Claire?
“Each convertible security may be converted in full or in part at any time of the Investor's choosing during the two-year term of the convertible security, initially at 0.16 pence per share, and after the initial month, at the greater of the Market Price and the Floor Price (0.1 pence per share).”
Struggling to see the bit where it says they have spent £200k at .16 Claire, I do wish you would stop spouting your opinions as fact, I understand you are a fan girl of PC but your condescending posts really don’t help us discuss what is actually going on here.
“Give up now cos you don't understand how good a deal it actually is.”
Neither does the rest of the market looking at the SP reaction…can you please copy and paste the line from the RNS that says they are putting £200k in at .16
“The option can be exercised at any time next year, when Tolsa choose to. So it may not be another 12 months before they do. “
Unless they have someone as inept as PC running their finance dept they will not pay until the end of Dec 23. Why would they? Once they pay the $50k there is absolutely no reason for them to pay us before then, unless they need to write down $1.25m we have a 12 month wait.
“They are paying us for this option“
And it’s costing us in further discounted dilution, and for that we can and should blame PC. I’m pretty sure Tolsa could not have secured $1.25m at 4% from a normal commercial lender, and I’m certain PC couldn’t.