Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A good trade elsewhere has lead to me owning 100k more here that I didn’t really want, but when cash is sat in account and these are so low it’s almost rude not to, but that really is my max here now, please don’t tempt me more.
market pricing this is simply wrong.
Been reading up on atome, sounds pretty good (and I don’t normally like ESG companies), I like the sound of tax free / tax incentive deals from various governments they managed to get.
Nice to know MEN has 18.4% of it, and at ATOMs current sp is not far away from the value of the loan with Peter, can see where he sees the value of that with various bits of news that were due Q1/2.
“The endorsement from the President of Costa Rica, Mr Rodrigo Chaves,..”
“An agreement for renewable power for the Project is expected to be entered into following the conclusion of the studies in H2 2024.”
“Enterprise Investment Scheme ("EIS") investment status granted by HMRC”
“Free-Trade Zone ("FTZ") status granted by Presidential decree to ATOME's Villeta Project”
· Only the sixth FTZ granted by Paraguay
· ATOME will benefit from exemptions on municipal, VAT, and corporate income taxes“
Well done Laura, im not convinced with SND myself, but target here is 15p initially anyway.
Let the hedge funds bail against each other at market at any price on poor trading updates or delist or whatever reason RNS, take advantage of drop, then when they are out share price bounces, the game is that simple, just take profits along the way.
"whilst making no commitment to do so, I do not rule out in the fullness of time and subject to de-listing and on becoming a private company making proposals to buy the shares of certain of those holders who either do not wish or are unable to be invested in a private business"
Well he said he doesn’t rule out buying people out once private
It Was peters buy, he can’t buy any more, guess he will have to ask his mates.
Peter Levine is currently restricted from acquiring further Ordinary Shares without making a logistically burdensome general offer to all other shareholders since the Takeover Code continues to apply to the Company.
Much quieter today, here’s what I see :
6.8p/7.4p £800/900k mcap, $12m due, 650k raised at 35p Jan, fell 80% on two large holders selling at market against each other - Scheoders and Miton, vs large holders calling for it to be private who potentially could buy more here pre delist.
Expect the largest trade Thursday was Miton out and Schroders sold about half their holding in chunks, but the remaining 400/500k out and market brings the share price back up before delist end of month, with a few trading opps around the GM.
Was 5.5p to buy when it hit 4p lows, I think there’s room for a trade into a bounce once settles, or it’s a Small mcap vs the potential if wanting to hold a private company (but that’s not my desire)
Plenty of time for trade on a 2 or 3x plus gamble , with one II out, the other nearly all out, and the majority of the small number of shares in issue left held by parties not selling them and likely to add to their holdings.
“Last day of dealings in Ordinary Shares on AIM 26 April”
DKE currently ~0.017p cash / share.
DKE post enlargement with warrants exised at the warrant price (0.06) DKE would be £1.5m mcap with 2.5b shares, with ~£750k cash, (£300k from placing £450k from warrants) thats not a bad cash position to be in for an RTO.
Until then my guess:
0.022s get dumped to fund 0.04s.
0.04s get dumped to fund 0.06p warrants.
theres room for a few trades in it, but still currently a 50% gain for 0.022s to exit and dont want to be their exit liquidity, ive set the price alert for 0.02 which is just above current cash per share, i dont expect it but you never know.
Yea, always Potential that debt holders will use the transaction as leverage to try and extract an extra pound of flesh from the company.
Even after the pledge to repay a large chunk of the debt they will likely want an extra % or two, or a fee, to make them feel whole, but there is plenty in the deal if / when it completes so could be minor in big picture.
Makes no logical sense to kill the deal, when they can get 5-6% risk free in treasuries once cash in their pocket, so bargaining over a few % on remaining debt facility is free money for them, and who knows a sale of that too could fill their pockets earlier than they expected too.
Notwithstanding shareholder approval, the Sale remains conditional on a number of other matters, as explained in the Circular. R&Q continues to work expediently towards satisfying all other remaining conditions to the Sale
***and remains hopeful that appropriate agreements can be reached with all of its lending banks, providers of credit and other finance providers (the "R&Q Finance Providers") to enable the Sale to take place. ***
Further details on all these matters were set out in the Circular. Shareholders should note that there is no guarantee that all conditions to the Sale will be satisfied (or waived, if applicable) or that all necessary agreements will be reached with all of the R&Q Finance Providers. Closing of the Sale is expected to occur in late Q1 2024 or early Q2 2024.
Yea, I saw, I’ve seen a lot of CLN with headline rates, didn’t know if there was a “subject to revaluation at time of excise” clause in the finer details. 65m shares at 60 cents or a billion shares at 5p would make a fair bit of difference.
Time will tell if 5p is value or not i guess,
I Would like to see the final results, but last ones were in June, so could be too late, always irritating guessing from information 3 or 6 months old, considering year end was December.
What was with the 60p raise, was that actually cash in bank at 60p / share done and dusted / settled ? or is it an outstanding CLN and can be converted at any current 20 day vwap ? Ie potentially 5p now if converted today
“R&Q raises up to $60 million of new equity into the Group”
“The preferred stock will, in certain circumstances, be exchangeable at Scopia's election into new ordinary shares of R&Q at 60.98p (representing a 10% premium to the 20-day volume weighted average price prior to the date of the Agreement).“