Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes but this has been known for months. Trading here puzzles me. Think one issue is that the traders/sellers have not been burned enough. Hopefully that will change eg today the mug who banged out 4x100k at sub 4p. Or maybe hats off to him/her for skimming 0.2p somewhere along the line.
Anyway the company is in way better shape than when it was nearer 15p. Trouble is on AIM the share price rarely bears any relation to the actuality. The share price is not the company as Mr Bezos once famously said.
An utter disgrace to launch this 'fund raising ' on a day of national mourning.
Some interesting thoughts. One thing which is hard to fathom why companies don't launch bids for other companies. Good eg now is Samsung/Nanoco. Nanoco looks like winning an ongoing legal dispute over patents which could cost it $000m's ...surely better to buy/bid for Nanoco. Anyway buying shares certainly gets the attention of the Board. Some older readers might recall when Hanson started buying shares in ICI. They simply instructed their broker to buy shares in the market at a premium to the then prevailing price. All hell broke loose.
Got to agree. There are some real dicks in this share...not sure whether day traders or bots.
The legal case is proceeding as expected...I have no great vision as to how it will play out.
The results in Sept. will put paid to most concerns.
Surely the obvious buyer might be Maxwell!!! I've been following the Nanoco/Samsung case for a while and like here it must be a possibility. Clearly though for now at least the big boys will pursue the legal avenue .
AK seems to have upped his game (maybe fearful of a lowball bid) and obviously he now has much more positive news to impart...
But I do feel that whilst the Nanoco share price has some 'success premium' baked in this (CPX) share doesn't. Only MO.
Indeed. When and what will come out of the legal case is unknowable so we will have to wait on events.
What is worth noting is that the company should be earnings positive in the year to June 2023....not bull**** EBITDA but at the earnings level after tax. Thus it should be possible to put a multiple to these earnings. 20p anyone?
I think some sort of negotiated settlement is the most likely outcome. Can't see how they would have secured litigation funding without having a very strong case.
Probably best to look at progress on the business front rather than get too fixated on the legal case.
They will have to update on various fronts with the full year results on 29 Sept, if there is no news prior.
I would dread him doing any more interviews with the likes of Justin the Clown. Nothing intimated in those actually transpired...all it did was inflate the sp to an unsustainable high level. Without follow up it was bound to collapse.
You would have thought so. But remember this is AIM. The sp will have been manipulated down to facilitate these large buys. This is almost a perfect stock for price shenanigans..a large PI base with apparently plenty of punters looking to skim off 0.2p here and there for beer and cigarette money. There are many other AIM shares like this. The idea that vast numbers of trades are based on people taking a view on the company's prospects is risible.
Hopefully there will be an RNS ere long that will blow these punters/traders out of the water.
Judging by the headline content of the latest submissions things are really hotting up on the legal front. Hopefully there will be some constructive developments from the two parties towards a settlement before it goes to a trial.
Haha. There are a few more shares in issue than the £1 days.
Many have decent amounts here but I would have thought that it would be an 'ideal' time to build a holding here.
Anything around the 5p level.
I'm not giving investment advice but looking at risk/reward with the usual caveats.