Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
CeGamer good post
"My hot take having been here for the best part of a decade is that JM doesn't lose, MC is collateral damage, with his "having made a few bob" no more than a "nice to have", and PIs are nothing but a peripheral annoyance."
But surely we all accept that investing in stocks makes us peripheral annoyances to the BoDs of companies other than for the money they rinse out of us to pursue their dreams. That's just the deal, and if we happen to make a bob or two, then happy days.
Just thinking aloud. Here's my take: Jim knows gold is going to rise in the wake of high inflation and dollar about to steeply decline this year BUT he thinks it will be a temporary spike and come down again. Mark wants to go to production because it will be more money in the long term but it will be a while (commissioning/building plant and more importantly testing, honing the process which is never smooth). Jim is smarting because of his net worth declining along with the world economy. Jim is in a rush to get this done now while gold spikes.
That's just my take. Valuation i reckon around 65p. Wonder if they are selling the assets rather than the company, not just because of the low share price, but because of some clause with Nic government over production/permit?
In all the years ive been in CNR, ive never known this board to be so snipey and nasty/personal to the directors apart from when that see you next tues bloke Tom whatshisface was here. makes you think.
Punter, basically it's a legal thing when you create a company you have a nominal share capital created. e.g. X amount of 1p shares. In this case, CNR is doing a rights issue rather than a dilutative raise. They split the nominal share capital to make new shares that they can distribute to existing shareholders who choose to participate, according to the terms set out in the rights issue.
Funny how there’s so much negativity on this board all of a sudden.
The placing we all knew was going to happen. When it says to complete bfs, maybe it just needs some elements paying for? I have a feeling it is imminent.
Maybe Mark only took 30k in placing because he wanted to keep dilution minimal, or maybe just to keep his % similar? Or perhaps he doesn’t want to put big chunks of personal funds into a non liquid asset in the current climate, despite his belief in his own project. We’ll never know.
Charts, candles, lines, trends, research, peer comparison? Nah. All you need is to log on to LSE chat and if Noel is on here spouting his BS you can be confident in your investment and that its a good time to buy ;)