Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good progress being made on sales growth and I particularly like the continuing focus on cost control.
Hopefully this is the start of a re rating and we get back through 0.5p and in time a lot lot higher. GLTLTH.
Dividend has been credited by Jarvis last Friday
Link to the update is below
http://octagonalplc.com/wp-content/uploads/2017/09/Octagonal-Ltd-Shareholder-update-letter-2-12-21.pdf
I think its more a case of the wider market, small caps generally out of favour a little.
TBH I never thought we'd see sub 0.5p again but if you believe in the fundamentals it's an excellent buying opportunity at the moment.
Looks well over sold IMHO but doesn't mean we go sub 0.4p first, I'll be looking to add more shortly (rightly or wrongly who knows)
You do realise that both Imperial Brands and Casa Verde are in this pre IPO and didn't invest additional funds at the 5p IPO level.
Still no licensed product to market oh and don't forget about all the medical trials hoops still to jump through.
Small director purchased don't help with the damage NM caused with his loan deal.
At the end of the day drilling results are properly going to move this share price and yes most IPO holders are still well underwater in this one.
NB Liontown ASX listed raised a chunk of $$$ last night for their Kathleen Valley Lithium Project, looks like they are about 20km up the road, but with them and Bellevue lots going on very near by for Australian standards distance wise
No need to ramp this to high heaven just yet the company have a lot of work still to do to rebuild investor confidence.
Absolutely no problem with liquidity on this one more than 100% of the freely tradeable shares ie those which are not locked up have been churned through the market. The last time I checked over 60% of the shares in issue have changed hands since the IPO.
NM/KCP loan - they appear very lucky to have got away with this as far as I'm concerned
OCTP has potential but don't be fooled into thinking they have a product ready to market yet, a long way to go on that still and don't be surprised to see another fundraise in the next 12 months
Small proactive mention also
https://www.proactiveinvestors.co.uk/companies/news/967075/mila-resources-is-back-re-listed-in-london-and-raring-to-go-on-its-australian-gold-exploration-ground-967075.html