Don't forget Anglo American bought Sirius for virtually nothing. I don't think any sentence involving Anglo American is good. Plus it wasn't an RTO they could not swap their Sirius investment for Anglo American. It was a god awful offer price for their shares. Careful what you wish for.
Chri5p, I think any LTH wants the share to do well, especially if they have invested a portion of their SIPP and ISA into it as I've done. We still have a right to be negative and question the BOD. I'll hold my hands up, last week I set a sell limit order to get rid of the lot as I was spooked by the inactivity and lack of comms.
I was positive about the RNS and this is reflected in my actions of not extending the time limit of my sell order. We as holders should be involved and question decisions when we don't think it's in the best interest of our investment.
Teaye, I also received a reply from MC this morning. Firstly he got my name wrong and then failed to answer any question I put to him LOL saying please see the RNS update which is fair enough. He did say all of the work is pushing Toral forwards and he's personally doing everything possible to change the situation with the SP.
I feel happier and a little bit more reassured that work is ongoing. It was good to get a reply.
Agree Bricks, good RNS and glad they concentrated on Toral but it was an operational update so guess other projects are not applicable. Shame no update on finances and also agree Bricks that a dilution is looming and I reckon this will be coming sooner rather than later.
Hi Bricks, agree with your thoughts. Hence why I think there's many of us with sell limit orders set to try and bail before dilution occurs. I would rather have 4.5p than .45p. No doubt there will be a further consolidation to make the SP look palatable.
However how much could they raise on such a low MCAP plus would any LTH part with more money? Think we said in the past newbies may jump at a bargain basement offer.
Unfortunately Sheds I have to go on tangibles and not valuations. The asset may be good, do we have a means to get it out of the ground? how much money do we have left? If I go on facts and observations I see no news, an out of date website, terrible investor relations and a CEO that's left. The latter being the biggest hint to us all.