Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What’s the betting DF is announced right on the wire? PM speech on Tuesday to focus on how we get the economy moving, funding massive infrastructure projects across the country, we will build our way back to economic recovery but can’t do that without testing.......thoughts?
Spartacus, they are not asking us to approve serious loss of capital, they want to have a plan on how to deal with that if it ever arose, hence the resolution is for discussion with shareholders.
The serious loss capital arises as a technical issue arising under accounting standards. The Company currently claims research and development in respect of its research expenditure due. In order to claim suck tax credits the relevant qualifying expenditure must be expensed to the income statement of the Company as opposed to capitalising the same as intellectual property or other intangible assets. In light of these circumstances the Board does not consider it necessary to propose any specific resolutions in relation to this matter. The Board does however welcome dialogue with shareholders on this point and the Annual General Meeting will provide a forum for such discussions to take place.
You can buy today and qualify for placing shares
The Open Offer will be available to all Shareholders as at close of business on 19 June 2020. If you hold Shares at this time you will be entitled to purchase 1 new Share for every 20 Shares held, at a price of 40p per Share. Excess applications will also be available.
Entitlements to participate will be issued from Tuesday 23 June. You need take no action at present. We will write to Qualifying Shareholders confirming full terms of the Open Offer shortly after 23 June 2020, at which point an online election facility will be enabled for qualifying shareholders to give an instruction. Our deadline for the Open Offer is expected to be noon on Friday 3 July 2020.
I hope those that are researched and not influenced by the shenanigans of dubious traders and Twitter accounts held on to their shares, this is the second blatant attempt to lower the price to the advantage of certain crew. The first being the short and then the complaint that resulted in the speeding ticket. For any newbies still holding, you will get days/weeks like this, DYOR and you will be able to live with the decisions you make whether good or bad, listen to the wrong person and you will kick yourself for a long time.
I believe it has already been reported (someone may be able to say differently) that each of the consortium partners will manufacture for their geographical region first and foremost..... so for Omega that would be Scotland any surplus could then be sold into one of the other UK Nations or overseas.
Don’t think you need to worry about that Shorter, the majority would pay for it themselves
Yes Treetop, I do, it was titled Trading Update and it’s a good update, I’m still at a loss as to why it was massively oversold this morning tbh
Correct, when I said nothing has changed I meant from an investment perspective
Not being mean, research is everything and when Punit asks what is an MM and someone posts Market Manipulators how does that help? Google is your friend Punit DYOR
Absolutely nothing has changed, nobody was invested for the allergy products.....let’s be honest the charge for this stock was the RTC, that is still coming, it’s only a loss if you sell now Ridlevski, fortune favours the brave :-)
How on earth can you invest in AIM and not know what an MM is Punit? What if any research did you do?
Was able to add more at 48p what a bloody bargain
Yes it said hopes to have design freeze in Jun, so what difference does it make whether it is Jun or July or sometime in August? It’s only been 7 weeks since the consortium was set up, they have a 6 month initial contract with the government
Of course Covid is diminishing but how do you prove you’ve had it, how do you get your immunity passport? Mexico cases still rising, same in lots of other countries we want/need to be able to travel for pleasure and business, we need people to come here for business/ pleasure how do you think that is going to happen, so shortsighted
Not exactly but dogs are useful in some situations
I’m off out for a bit :)
Deramping is exactly what you are doing and no ceiling was put on the SP, I’ve explained what happened yesterday, the CEO has explained what happened yesterday, other people on this board and on Twitter have explained what happened yesterday, tell me were you also in cahoots with the shorting group who caused the collapse of the SP yesterday because they were to blame no one else. If your invested stop trashing your own stock, if you not invested take your BS somewhere else.
Mikey, enough with the BS, the RNS yesterday was nothing to do with the company and if you maintained your research in the company you’ve supposedly invested in you’d know that, the Sky News Reader mentioned the 50m tests not Colin, everybody and their granny knew that was across the consortium but a dirty shorter saw a way to get out from between a rock and a hard place and complained to the regulators that the rise was due to people thinking that Omega would be manufacturing all 50m. Now that you have the facts STFU
What a load of BS, a shorter complained to the regulator, this forced the Company and the Nomad to issue the statement against their wishes but that aside idiot PIs sold up despite the fact that nothing in the interview was new news, it was all already in the public domain, the CEO was not to blame here idiots who could not hold their nerve are to blame
Nothing to do with MMs or the company a shorter didn’t like the rise on the back of the interview and complained To the Nomad, there was no need for any RNS