Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
we are not short of cash, rather cash around 20p.
last placing was to one of long term shareholder and at 62p
sp should be above 20p but was down mainly due to distressed seller CF, which has now stopped selling as they are now under administrator.
as such, give it few days, we should be back to where it was ie around 20p
not to mentioned, well known fund manager such as Soros Fund is backing this and has large holding.
i will be buying at current sp.
buy and hold
sold with lost in ADL. sorry for others too.
hopefully MIRI can bounce up to cash level, which is a bag from current sp. Soros Fund manager may buy more MIRI.
ADL at least has cash, not sure about others in colter. RBD should bounce up as several other drillings next few days
just saw Chris oil tweet that Optive broker note on ADL post placing, is around 3p.
anybody got link for it?
CF definately selling, perhaps those small sells were their sells and hence no large print?
UNLESS, administrator has now taken control which means they have no choice but to stop selling/
either way, sp should start rising back to cash level if no further selling pressure
we are just waiting for seller/warrant holders to finish dumping, then sp can jump.
similar where we have seen City F finished dumping in KP2 and soon will finish in MIRI. MIRI cash level double current sp due to City Fiancial
once those in RMP start jumping here, sp can easily be 1p. with good result we can be 2p.
this will be RMP the second !
oh well, time for cheap top up tomorrow.
do we know whether ruffer has been selling and if so, how come we didnt get any RNS on their holdings?
anyhow, INFA will need to clarify this as I wasnt aware public consultation will be needed?
apparently the latest communication between INFA and DAERA only last week.
https://www.daera-ni.gov.uk/sites/default/files/publications/daera/islandmagee-gas-storage%E2%80%93marine-licensing-questions-and-answers.pdf
maybe the derampers is spreading fears on licence, but looks valid ie they might be public consultation before any licence and so, i suspect funding is delayed waiting for licence?