Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Where’s the frecking news!
They told us Q4 didn’t they?
Oh yes…it will probably retrace without news!
There is only a gamble here even @.25P sp…
Either commercial He discovery or bust…
The oversubscribed placements are taken by chancers like us too..
The current sp is still .25p for buyers!
Spin the wheel scenario…and the BoD invested little from their own pockets @.25p a share so they don’t see it a bargain either but big risk…
Not deramping but reality check…though the rewards can be multiple bags once commercial He is found …let’s hope so
Sp volatility will become more prevalent in the coming few weeks..
GL
My thoughts of why the sp is priced this low ….
The company cash position has declined dramatically…and barely enough for one further drill.
The company spent too much money on recent exploration and failed to manage their operation’s costs..
The company has underestimated their costs in recent past and cash was enough to drill Tai3 and not Itumbula as stated previously after the raise in Sept.
The market doesn’t trust the inefficient management.
The company has been over promising and underperforming..and un delivering.
The company is currently has the last throw of the dice or further massive dilution is expected if their drilling costs overshoots ..
The market and institutions are rightly mistrustful of the company ability to deliver…hence they only bought at massive discount..
But we PIs are ignoring all these issues and uncertainty to put our cash where our mouth is..!
Big gamble…definitely..but the rewards could be much bigger too..
I think the market would only rewards the company in stages with delivery of their drilling successes without incurring more delays and breakdowns of their rig.
Spikes in sp from here to the beginning of drilling campaigns would be sold into by traders and even lth to recover some of their losses..
Not for the faint hearted…
I am holding lots now and hope the gamble goes well..
Merry Christmas everyone..
Keeping on the placing subject and numbers of shares at the present is no longer useful or helpful arguments…
Many big companies have huge numbers of shares and laden with debts but they are managing it and paying high dividends too as they carry on generating revenue and profits..
The whole issue here should be centred on the geological prospects and drilling results and hopefully we don’t need to wait that long either to find out more..
Yes the BoD has diluted us but things might reverse big time too once the company announces He discovery in commercial sense…
At .25p is the sp that’s reflecting the mistrust and low sentiment by the market but this can be reversed quickly when the they start drilling then the He jackpot is found!
Big gamble..take it or leave it…it’s your call.
I have taken up the risks but can afford to lose it all too..but appreciate some are not in this position..
Dyor is always best and don’t follow any recommendation here …it’s all done for self serving purpose and a few here bent so badly in attempt to dominate this bb as if they know something you don’t…..but I tell you one thing they know FA like the rest of us…
It’s playing Casino here!
Have a great Christmas all and genuinely hope for all to recover their losses or most of it..
The company has the funds to dig and find the He..and good luck to them as we all need it..
Jemjee…10.08 “ Buy after a positive result in Imbulla”
They are not drilling in “Imbulla” this place is in Sri Lanka ffs..
No where near Itumbula..
Still you got 3 numpties recommending your post!
Invest in GPS device this Christmas….🤡
I am more than certain the share price either goes up or down!
Though only guessing…WTF
We all here are big gamblers….with a few muppets sitting on the sidelines delivering unending drivel as if they knew better …lol
It’s becoming a farce..
Let’s hope all who lost (paper loss) get it back…and be nice guys..
GL
Skippy…yes that’s what I am thinking too..
At .25p I think many would gamble and hold as the rewards would be big here …
Surely there are more gamblers like us bought big here for a good payday…!
Well I have leveraged down with a heavy heart..
Let’s hope they find the illusive He At Itumbula…
Blubay…
Yes agree but not all subscribers are banks as there are high worth individuals too been offered to buy and institutions outside banking sectors…
Do you think all these placements are being sold ?
The BoD didn’t think of the consequences that sp will collapse from 3p to .80p after following the stupid advice by the NOMAD to declare the fund raise before securing it in advance. The BOD ceiling of extra 330m shares would have generated even more at even 2p placement with the 330m shares. They basically fuc#ed it up..
LB and chairman should be replaced after working against existing shareholders interests in their mad negligent decision…
Let’s see what Itumbula reveals!!