Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Dan, you are not missing anything. The share price will adjust to whatever the MCAP is divided by the amount of shares in issue. The shares you buy before the rights issue will still have cost the same amount after... you just need to take up the rights issue to avoid 333% mass dilution.
I am equally amazed that people think they can currently get a total 13 shares(inclusive of buying 3 @ 113pshares and 10@32p in the rights issue) for 50p average. And the share price not go into the vicinity of that 50p average.
You don't get free money in this game!
Teddy thanks for your response, however the ex rights day is 28th Oct...the record day is close of play on the 23rd. Which guarantees participation, however best to check with your broker if planning upto the 27th.
From the prospectus
"If you bought Ordinary Shares after close of business on the Record Date but prior to 8:00 a.m. on 28 October 2020 you may be eligible to participate in the Rights Issue. If you are in any doubt, please consult your stockbroker"
Ownership is key on the 28th
the ex-rights date is the 28th oct on opening. You must hold.
Can anyone explain to me why on the 12th Nov 6.4billion shares will come on the market that cost 32p, how the share price won't be in that vicinity. Feel like I'm missing something. Never mind just the break even at 50p.
Maybes read the RNS first?
"This facility if agreed will provide up to £170 million" if...
Hopefully chickens aren't being counted before they hatch. Certainly a worth while project that would be in the interest of the UK to continue.
US market influences the FTSE like a persons shadow.
SQZ in a share that I feel is perfectly placed. And is not influenced heavily by Mrs biggies not being able to pay her phone bill...however of course as the saying goes a rising tide lifts all boats and vice-versa.
A limit order placed in at a more respectable price compared to the current spread. Hopefully gets filled.
Interesting to see that the buybacks have been purchased at 1527p a very nice level of support if thats the case!
The buys seemed to be in the 13s so thats potentially where the support will be, don't really want the share buy backs being on the rise, but on the dips for the support, and to take more shares off the market.
Stop hit @1400 back in with a few tranches this morning... will accumulate until 5000 reached for a nice divi.
Took the 0.8% hit on selling today. Placed half straight into SQZ, lovely. I'm sure a few people will be interested into where to place their money now and if O&G is your sector thats a very healthy company to look at,Imo.
Best of luck for those holding out for more.