Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
out
think they might be
so they only sold 250k
who or what was the other 250K?
Well at least it was extended - so a positive - it would have been easier/cheaper not to extend if there was no mileage in it
I paid less for £13k early on
appear to be getting top dollar for their sells - somebody paying top dollar?
?
funds selling
transactions
02-Dec-19 16:31:00 0.0725 48,453,562 Sell* 0.07 0.075 35.13k
The report said progress is mixed in energy diversification. On the positive side, good progress has been made in securing energy trade agreements with India.
“But progress in diversifying the sources of primary energy has been weak. As a result, the fuel mix targets for power generation will be missed by a large margin.”
“The biggest policy debacle has been the inability to adopt a comprehensive coal policy that has virtually stopped domestic coal extraction.”
Salman F Rahman, adviser to the prime minister on private industry and investment, also spoke
https://www.thedailystar.net/business/news/revenue-job-creation-dismal-despite-high-gdp-growth-1832881
Amounts paid for Directors' services
£457k
As at the date of this report, the Company had fully drawn down on the increased Polo Loan Facility and the Company currently has approximately £315k in available cash resources, which the Director's believe will only be sufficient to fund the Company's cash requirements for the next two months, assuming the Company's currently forecast cash costs. The Company has received a non-binding commitment from Polo, whereby Polo has confirmed its willingness to enter into an agreement to increase the Polo Loan Facility by an additional £1,200,000 from the end of January 2020 should alternative financing not be secured by then (the "Agreed Facility Increase") which, at the Group's current cash burn levels, would provide sufficient financing for at least the following 12 months.
The Directors also note that, under the terms of the existing Polo Loan Facility, repayment can be requested upon 90 days' notice or, alternatively, the balance converted to shares at 11 pence per share at Polo's sole election. The Company does not currently have secured funding arrangements in place to cover the repayment of the existing Polo Loan Facility or further potential expenditure which would be needed to advance the Project, therefore, should the Agreed Facility Increase not materialise for any reason, or Polo requests repayment of the Polo Loan Facility, the Company would urgently need to secure additional capital in order to continue as a going concern, which may not be available on terms acceptable to the Board or on a workable timeframe.
However, the Directors are confident that the Agreed Facility Increase can be entered into by the end of January 2020 and a further announcement will be made as and when appropriate. As Polo is a substantial shareholder, holding 17.8% of the Company's issued share capital, entering into the Agreed Facility Increase documentation will constitute a related party transaction pursuant to Rule 13 of the AIM Rules for Companies
5-Nov-19 11:23:07 0.0735 2,558,858 Sell* 0.07 0.08 1,881
25-Nov-19 08:25:20 0.079 2,558,858 Buy* 0.07 0.08 2,021
or down
would have brought the price down normally
is £37,250
16-Oct-19 17:06:55 59.50 69,274 Unknown* 58.00 61.00 41.22k
"Surely, something must be going on"
Not a lot over a year later