Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
SP dropped as usual with an RNS.
The projects can be found here;
https://katorogold.com/?page_id=7
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 If I go on facts and observations I see no news, an out of date website, terrible investor relations and a CEO that's left.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.
Teaye no not averaged down (throwing good money after bad IMHO but I could be wrong) I'm on average 60% down at the moment and cutting my losses and running if it reaches 4.5p. I think there will be a mass exodus at 5p so getting in before the stampede. I was tempted to wait for a possible Aim Rule 15 but then its tied up until RTO which is another 6 months. The latter could come good and potential for more than 5p but it's a long wait.
Good spot Teaye. I know it's very unlikely but I've set up two sell limit orders to last until the end of Friday in case the this drives the SP up with any buys. If we hit 4.5p watch out for two large sells for volumes of 300K and 400K (ISA and SIPP)
Kinda agree Highside about Twitter and Facebook posts. However if an investor emails someone direct I would have at least expected a confirmation of receipt but nothing from both emails I sent. I think the guys in Spain are ticking over probably finding work to do (hopefully work that has some benefit) whilst the BOD (one man show) who knows.
It seems like we're running on a skeleton crew with nobody at the helm steering the ship and no more money to move the large ship. I'm sensing the worst I'm afraid and LR leaving is probably the biggest hint that things aren't good with EUZ.