Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I do agree, she haven’t given us much to go on So like everyone I sometimes wonder what the state of play is and My knowledge of what Can be communicated to shareholders without breaking any regulations or laws is sweet FA.
The Q&A’s came out on RNS on Friday so ahead of there commitment to publish them by close of business today. Shareholders were to submit their questions by the 15th ahead of the AGM. As far as I can tell they have done what they said they would although they should have stated that the q&a’s would be done on AGM day, because without making that clear, their communication does lead you to believe the session was taking place today.
My view of events this week is that MMs are stock piling/holding shares that investors have sold at the back end of this week, ready for the LOI RNS so that they can match the demand for shares when LOI comes early next week (potentially) and will benefit from being able to sell them at a much higher Price. I maybe wrong so happy to hear other views on this. I’m Not concerned and definatley holding onto my tidy pile! Exciting times
They don’t need to raise more cash just yet! They got cash from warrants exercised earlier this calendar year and they said they have enough cash to see them through until the end of this year. Unless their costs rise in the short term (I can’t see why they would but they Have recently said about taking on other projects which could increase costs) So there is a risk and you cant discount the possibility but i would catergorise this as a small risk.
Now that placement has been priced in I would expect the share to increase on Monday by anything up 8%, why? Well the SP dropped this week by 28%, the number of new shares issued at 50p was say about 300m which represented about 20% of the shares already in issue. So the dilution should have only been 20% but the discount on the new shares was the other 8%. Theres also a lot of good news in Reported in the media About AML making a lot of progress to return to profitability and have completed the hiring of a new Very experienced finance executive.
I may be wrong and I’m no expert but that’s just my take which I thought was worth putting on here for debating. Any views?
Quite right, this forum is for having debates And sharing views on the share. And some people’s response is ‘do your own research’ which is just rude. If you don’t wish to debate and share then don’t reply! Simple. But don’t try to belittle someone. Thanks