Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Whitley, yes, it would have been a reasonable gamble, which is why I asked the question. Needless to say I held on. With only a relatively small holding by the time dealing costs are taken into account, I suppose I would only have been a few quid better off. Could you explain the scrip period & extra shares please? I presume one can opt for shares rather than cash dividend. How do I do that? I suppose too late this time.
>> Is it worth selling before ex div date ? Last ex div date I think there was a big sell off just before resulting in a fairly hefty drop Looking at the chart, it seems the drop started a couple of weeks before the 04/12/13 ex-div date. So it may not be related. This time we have had a rise before tomorrow's ex-div, so does that mean we would be better off holding rather sell and re-buy later?
Fairly amazing that a director buy of about £30k could put nearly £600m on the mcap between 2pm and close. As a newbie shareholder to Rio it seems more like AIM where I am usually to be found (unfortunately).
This is making my brain hurt. Obadhia, are you suggesting that HGI have done a deal with 3rd party and are acquiring the difference between 27% & 30% or is it someone else? If HGI are buying from the mms, where does the 6.5p price come from? Buy price has not been that low since April. Sells have been there recently, but surely to buy that amount it would be higher?
Morning all, pleasant to see all that blue on here. What seems strange is that with some volume, nearly all the trades are back on LSE when recently the majority were over on ISDX. Perhaps the mms wake up when they sniff a possible bid for the firm.
Cannot see this womo. Total of ISDX & lse buys I make about 250k; 4 largish sells here come to 230k. About equal, therefore no sp move. Looks OK to me.
I have also had a top up of nearly 25k shares but despite our combined efforts the volume is still not much. I totalled ISDX and here and arrived at about 470,000. Hardly takeover volume. Surely if this story has reached the press before being announced it is unlikely to have succeeded? That 42p figure would go down nicely for Christmas though.
Part of Brad's email reply to Magnum was "and SP Angel (Richard Parlons), hint hint, publish full-on research documents that each contain production estimates" Yesterday, I was wondering what the "hint hint" was suggesting so I tried SP Angel's website. To get the research documents you have to register, but to do that you have to be an investment professional etc. Rather than try to blag my way in, when challenged I just said I was a substantial private investor and would like to see the documents. A few minutes later, back came an email: 'What stockbroker do you use?'. I replied Barx and a few minutes later he came back with: 'I will get someone at Barclays to send'. Blow me down if I wasn't sleeping peacefully in work this morning when - thump! I nicely bound 130-page A4 colour book landed on my desk. Hard copy; I was not expecting that (hope I do not get an invoice). It is a very detailed financial and technical report which I will now try to read; wish me luck. So I suppose the moral is: if you don't ask ....
It was interesting to hear that Brad says he can drill all year round. I had the previous impression that spring and autumn were a major problem with poor/wet road access. If that is the case, why are we not drilling? There was a hint of an answer in the statement about "drilling wells depends on many factors". His first factor was commodity prices and we all know how they have dipped. He says "I have publically stated our intention to drill wells"; but Magnum's question was "in 2014" so was not answered. Maybe he will not drill this year but go for acquisition instead? Thanks again for posting.
>> If he plans to drill this year he has already started or about to start Not necessarily; it could be a few weeks to kick off yet. Last year it only took a few days to drill. Here is an extract from 4 Dec 2013 rns: "I am impressed with our team's ability to move so quickly and get a rig mobilised, wells licensed, locations constructed and equipment ordered all on a moment's notice. Their agility should allow us to get at least three wells drilled - and hopefully producing - before Christmas." 2 weeks later: "very pleased to announce that it has successfully drilled and cased four additional wells in Eye Hill, Saskatchewan, with all four wells expected to produce commercial levels of oil. Completion activities have already commenced and the wells are expected to be put on production test before Christmas" Drilled and cased 4 wells in 2 weeks from announcement. 3 of the 4 were producing a combined 175 bopd by the year end! Probably won't hear from Brad until it happens.
Lol. Yeah. 50/50 a bit like my EDG holding - I have 50% of original left; sold half when it dropped below 10p last year.
Smids, That leaves a number of questions: Your figures said that 99million shares held by 4 other institutions. If Henderson still have 45m there are hardly any left at all. If they have been selling, do they have to notify each time they cross a 1% mark? What does the "indirect" holding refer to. They are broking for someone else?
Your post about Henderson took me back to RNS from 17 January 2014. I cannot understand what it means; anyone? "Henderson Global Investors Situation previous to the triggering transaction 30,000,000 shares 30,000,000 voting rights Resulting situation after the triggering transaction Number of shares Direct (nothing shown) Number of voting rights Direct (nothing shown) Indirect 45,178,438 % of voting rights Direct (nothing shown) Indirect 27.58% Threshold(s) that is/are crossed or reached: Below 28% " So are they reducing their holding at that date and how many do they own/control?
I realise it is mighty frustrating but we need to wait. I presume Brad has not finalised any acquistions and well plans yet. It is not much good announcing "I am working on it". Note what smidsy has just said; the big investors know they will get a good result in the end.
Presumably these sells on ISDX from this morning to make up the numbers? 08/10/2014 09:53 GBX/ISDX-exn New 32,500 10.0 08/10/2014 08:18 GBX/ISDX-exn New 15,000 10.0 08/10/2014 08:15 GBX/ISDX-exn New 25,000 10.0
the mms had to work those buys and take the bid down to scare a few sales to gather up the remaining shares. Someone in the know taking a position?
Yes, I remember that well. Although I had been in here since July 2012 just after the first day's trading it was this event in December that made me stick with it through the lows of last year. "Directors, officers, employees and consultants of the Company subscribed for 20% ..... of the Offering" at a premium price to the sp! So they had full confidence in Brad and at the time it seemed even better than seeing Director buys.
Why would they need a placing when Brad has just agreed a new $17m credit facility on excellent terms? Edge can pay off the previous loan which was at a higher rate of interest and still have ample funds for the new drilling programme. Seems to me a much better route than dilution and shows great confidence by the banks in Brad and Edge. Anyway, today's dip enabled me to top up on the bell at below 10.7, so roll on news.
That trade was delayed. At 12p it was below the bid at the time, so was a sell and probably the main cause of the late drop?
More trades there than here: 01/09/2014 08:45 GBX/ISDX-exn New 11,718 12.75 01/09/2014 08:44 GBX/ISDX-exn New 10,000 12.75 01/09/2014 08:31 GBX/ISDX-exn New 20,000 12.75 01/09/2014 08:30 GBX/ISDX-exn New 25,240 12.45 01/09/2014 08:23 GBX/ISDX-exn New 7,749 12.75 01/09/2014 08:21 GBX/ISDX-exn New 24,157 12.45 01/09/2014 08:15 GBX/ISDX-exn New 15,611 12.75