Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
With Halifax - they arrived this morning
Link sold shares in 18 different healthcare companies to Acadia as part of a lump sum deal.
It's in a article somewhere but doesnt specifically mention TRX.
Seriously!?!?!? When did this news come out?
Hey Gin, i agree with you. Overall the results are positive and we are going in the right direction. I think most people have accepted the fundraising. I was originally "annoyed" at the discount and would happily vote against the fundraising but it is a comfort that we have enough money for the next few years and we might even breakeven next year.
Put me down for 42p
renroc, I believe you are right. After a few nights of troubled sleep about being shafted...HARD. I have finally come to terms that it is a bitter pill to swallow. I read the circular a few times and I guess the BoD was at the mercy of institutional investors, and we should be "grateful" to have the opportunity to partake in the PrimaryBid. Anyway, it is time to look to the future and hope the management is going to steer the company in the right direction.
Although, I do wonder if the BoD just wanted to give mates rates to their fellow II buddies:
The Issue Price has been set by the Directors following their assessment of market
conditions and following discussions with a number of institutional investors. Shareholders and other
retail investors were afforded the opportunity to participate in the Fundraising alongside institutional
investors via the PrimaryBid Offer
Just curious, how many people on here will be voting?
In a very tiny nutshell, PME are there to reduce volatility. The share goes into auction so a "fair" price can be established...
Assuming you signed up correctly, the shares will show up automatically in your share dealing account on the 10th of June.
I am very grateful that people on here mentioned that there was an RNS.
I wouldn't have noticed until it was too late!
In for 4mil... still livid
well that sucks
cant sell but i can buy a lot so probably just low volumes combined with someone trying to offload a lot...
Personally, i think it's unlikely that the healthcare company (not sure why people keep saying pharma, maybe some can explain) did any due diligence regarding the financial health of the company. They usually dont care about the balance sheet of other companies.
What would be interesting if the Healthcare company is willing to carry TRX... as a placement would suck but long term gain would out weigh the short term drop.
Conspiracy you say.... well the following companies are working together with Leeds University:
4d Pharma UK - Leeds Novel therapeutics
Arterius UK - Leeds Polymer-based bioresorbable scaffold stent
Jenavalve UK - Leeds Transcatheter aortic valve replacement system
Rosemont Pharmaceuticals UK - Leeds Liquid Medicines
Tissue Regenix UK - Leeds Replacement Body Parts
Good morning Chester,
My understanding, based on the information on Link, is that they are unfortunately forced to sell all holdings and return the money back to the Woodford fund shareholders. Obviously they cant dump it over night so ideally (for us) is that they sell it all to one serious investor.
Link will always be a torn in our side until they are gone.
We also have Link trying to get out. It will be a blessing once they are gone. I'm surprised they haven't sold out completely yet.
Me thinks.... we will be in purgatory until we get more details regarding the arrangement with big pharma/healthcare, and we also need news regarding funding beyond September. Qd22 raised some interesting questions yesterday, a company the size of TRX should ideally give more information than a one pager as we PIs are hungry for details.
Anyway, some people here are optimistic that our funding problem has gone away because of the collaboration (including myself). Nevertheless, until we receive an RNS, we are probably going to be floating around the 1p mark.
Nothing wrong with the 10% merchants. Good to have a bit of liquidity for once and the trx board isnt flooded with the 100%+ cowboys ramping/deramping the share price. I hope we will continue to see a steady rise until we get the long awaited funding RNS. Gla.