Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just topped up another 214k @ 3.09
Speadex is not a concern they are just laying back a long position that has been backed on there trading platform.
VERY positive news
It’s a spread betting company they are only buying because they are over leveraged with long bets ...
Nothing to worry about - positive if anything - one things for sure it explains the large trades £100k+ trades
I personally see the TR1 from Spreadex as a real positive. They are clearly concerned about the amount of long positions that have taken on the stock and have had to purchase a significant amount of shares to mitigate their own risk.
With news due and a small free float I am becoming increasingly confident and will continue to hold.
Onward and upwards
Something going on in the background for sure :)
I also think if they appoint a CFO to the board it won’t be this one ... anyway enough said ... the truth will out and soon I’m guessing :)
You really think Edward has left his much bigger job working as CFO for a SEPLAT company (Over 10 years) to join a high risk minnow with financial problems and a M/C of £16m without there being an agenda ...
Good post OMITC - Think we will hear news soon.
Convinced the current CFO is completing due diligence for either asset sharing agreement / purchase or for full T/O and for that reason has not been appointed to main board.
Happy to continue to keep accumulating at these levels :)
Onwards and upwards.
Think we will receive an update this week - CEO at conf and looking confident.
All looks well - stay strong - The news flow will start soon :)
Me too another £4K @ 3.02
You cannot find one with a M/C even close Ivans. Good luck and welcome :)
Bring on the News :)
Should read CFO - Apologies
Bull case:
Certainly a few pieces of ‘potential’ positive news inbound
1. Receipt of $7m payment from Shell (1 of 2)
2. Payment of outstanding liabilities first payment due on or before March (See RNS)
3. New CEO Appointment
4.Partial asset sale/JV agreement
5.Refinancing
6. T/O although if this happens feel this will be hostile
Short term expectations:
Steady rise back to 4-5p prior to confirmation of €2m payment.
News on re-financing/drill operations/asset sale should lift us to 6p-12p minimum (Upper end is still only £50m M/C)
Potential hostile takeover based on current share price c7.2p - $50m (Low ball) This could be significantly more if more than one interested party. If financing is sorted prior to a potential takeover bid this could potentially 10 bag+ from today’s levels (Blue sky).
Medium term:
Successful drill / increased production without dilution 30-50p+
Please DYOR - GL All!
First stop £50m MC
I hope so got just shy of 1.7m now - my biggest holding by quite a way - hope my confidence is rewarded
Just topped up £5k & 3.2 - GL All ! Interesting couple of months ahead