Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
For Da Gee and all those that are invested. I lost a few thou on this venture. Should have known better. I went to one of their presentations in London a few years ago. Barr and AC were both there and both spoke. Usually at the end of a presentation, the audience are invited to ask questions. We were told by the MC that they had a flight to catch and had to leave immediately. My impression of them was that they came across as 2 bumbling idiots roaming around the Australian desert. Sums them up.
Actually the share price got to around 50 pence as I recall. Then guess what……the oil that was flowing turned out not to be flowing at all. And since then it’s been a succession of fund raising resulting in billions of shares. Which are now almost worthless. Hope that answers your question.
Herencia was on Aim for many years. Then about 3-4 years ago they failed to submit accounts and were suspended. As I remember it, Carl took over the running of the company and subsequently accounts were published. He announced on the company website that Herencia was for sale as a shell company and interested parties should contact him. The website has now vanished and to my knowledge the shareholders have no notification whatsoever at this point in time. It’s another company on Aim that promised lots but delivered nothing. And yes, I am a shareholder in Herencia. As are many others. Regarding the current state of Mosman, funds are running low. Again. Expect a fundraise any time soon.
I note that Carl Dumbrel has been appointed to the board. For those of you not familiar with the name, he was running a company called Herencia until recently. They seem to have vanished without trace…….none of this fills me with any confidence whatsoever.
I agree that the sp could slide further. Probably not much point in selling out at current price. There’s always a chance of news but looking at their track record, it looks unlikely. If they raise in October as you suggest, it’s probably gonna be around 0.01. A real gamble to buy any at the moment.
I attended a presentation in London a no of years ago. His partner did the technical bit and then JB came on to talk about the company. It’s usual at these events that people attending get to as some questions afterwards. As soon as JB had finished he announced that they had to go as they had a plane to catch……….