Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So why not 4p or 5p?
Because they needed to make it an attractive, realistic deal. It shows an absence of scale and vision and acknowledgement of the boards lack of ability to sell this in any meaningful way.
Setting the warrant price at 3p, shows a lack of ambition and also screams that they are running out of cash. With poor sales record this is now inevitable. Get out while you can, in my opinion.
@poor
That doesn’t really make much sense. They wouldn’t be releasing info on individual clients and their timetables. Confidential surely?
This means you can order the Ferrari or the lawyer I guess.
@calamari
Did TW tell you that? He has inside info at the company does he? He knows what AZ was planning?
Sorry but he's a waste of time. I dont begrudge TW trying to make a living but doing it by lying to people is not a life anyone should lead. If he is so knowledgeable, why arent his 'tips' better?
They are not really, but sentiment is important at this crucial launch stage. He needs to demonstrate the current strength of the company so shoving out historical figures with no current context is likely to raise questions that just take effort to answer and are frankly irrelevant.
Correct on 2 and 3.
I've been saying how he needed to counter the poor figures from 2019 and half of 2020 with some top notch RNS's from around the globe. the suspension is procedural and legally required, but he'll not put out the historical figures on their own without a really good bit of news.
Im not worried.
It also would indicate that they ignored all his previous letters. He's an internet marketer hawking his subscription service with salacious headlines. Claiming it was his letter that sparked it, just removes any remaining credibility he had left. he has been wrong about...pretty much everything and failed in his own career. Not sure I'll need his advice ever.
Next RNS might be a US update.
Genuinely believe (as per my prediction last week) that AZ is laying the groundwork for the ‘big’ RNS with numbers. The accounts RNS will be derided by the dreamless because it’s for YE2019 so AZ will build up the fundamentals on all regions, release the accounts then quickly follow it up with SH numbers.
So yeah, a minor US update next. In my opinion.
These are accounts from previous financial year. There won’t be any revenue in there. Hoping it will come with a trading update on where we are at right now. If not there, SP will go down.
I think this RNS is a milestone one Mick.
This allows a Middle East funder to invest now (as per Nov 3 RNS) and that opens up a market that isn't currently priced in.
The depressed SP is purely because of the horse trading going on between ii's.
I decided to look at when TW posts critical articles of SYME and the resultant share price.
At the end of July 2020 he described it as a sinking ship. The price DOUBLED the following week.
Obviously hurt that his 'prophecies' had been made to look foolish he spent most of August ranting whilst the price settled.
In mid september he penned yet another letter to the FCA and the price leapt from 0.49 to .6+. He never seems to print the responses to these letters. Perhaps they are never sent.
Again after another SP settlement period at end of September, he pens another FCA letter and bang, price goes from 0.41 to 0.53
Given he 'wrote another letter to the FCA' yesterday, I think all shareholders can expect an increase soon.
Incidentally, whilst researching I found this terribly sad obituary about a man who's first wife committed suicide and then he married his own cousin. He had 2 sons also called Tom. Weird huh?
https://technocodex.com/tom-winnifrith-obituary-classics-and-ancient-history/
This line referencing BoE might be more than it seems. Very clever AZ. Expecting U.K. announcement next week I think.
Indeed, the Bank of England has recently commented that certain key aspects of Islamic finance make it particularly well suited for funding the post-Covid recovery.