Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Who in their right mind would hold this over the weekend. The game is over.
Broker notes are not worth paper it's written on. Just a PR junk.
He was spoofing market with that irrelevant and shameless buy.
Spot on. Chief ramper CF is clearly not relaying crucial ( negative) info to public but has to reveal it to potential big boy investors. Something stinks very badly.
Something leaked yesterday. Or is it just penny dropping?
Net loss of US$5.2 million (2018: net profit of US$1.8 million);
Cash of US$8.3 million,and borrowings of US$13.9 million, as at 31 August 2019.
Various payments due in the period to January 2020 in respect of OPL 310 to operator Optimum in accordance with the agreement executed in August 2019, amounting to approximately US$20 million (which includes the US$7.5 million due to the Nigerian Ministry of Petroleum Resources by 30 October 2019 in respect of the licence extension).
It just does not up.
City boys or companies mates got a sniff of poor rns and sold/shorted accordingly. Explains sudden selling. Financing debt and finding money for future developments is major concern. And board is only 'reasonably' confident finding it. That does not sound good.
Things are looking grim. Awful RNS.
Maybe they spent all remaining money on massive and well earned leaving bonuses, some Euromillions lottery tickets and a massive closing down party. I hope they have a ball.
https://youtu.be/IFwo5Urrxw8
If there is bad RNS tomorrow CF should face investigation.
It is like Man City is playing Port Vale and leading 10:0 with 10 minutes left to play. And you are backing Port Vale to win at Even money. Not very wise to say the least.
Just shows how utterly mismanaged this project is. And to think some folks want to throw our tax money in the pit. If it is worth completing, big fish will pick it up for peanuts and complete it.
It looks they got rid of fair share of bonds.
Banks is all about confidence and reputation. Metro bank have lost it. There is no direction and poor management that can't raise funds. Who in their right mind would keep their savings there or take out mortgage when there is realistic chance of bank going under. Why would you subject yourself to potential mess. And the same goes for investors. Why risk capital catching falling spear?
Holes were patched for few days but are leaking again. This ship is going down. It was a eventful journey but passengers and captain should get on life boats.
How it is similar pattern to yesterday? Pathetic small time rampers.
I think that shorters are buying back shares to close their positions and that is keeping share price artificially high. Once they done, new wave of shorters will come in and share price will drift in to deep hole.
It is very simple. Professionals in bond and equity markets do not believe sxx business plan.
New cash will want massive piece of sxx pie. Current shareholders will diluted to bugger all.
JMorgans loan facility will be withdrawn in next few days. Read rns.