Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They don’t need an extension, they now have another 6 months to sign the heads of terms.
Get the feeling you’re not going to buy a ticket for this one Nate! Shame as think you had the chance to hop on before it started rolling, but would be surprised to see this back under 5p from here on in.
I’ve read a lot of prospectus’ and this is not uncommon or any measure of how things have turned out. The BOD all have an interest directly and indirectly through their other companies.
Big players from HE1 involved, think we’ll do alright here.
Still flying under the radar, but won’t be too long before the herd arrive, I’m expecting at least 10-15p before RTO. I thought it was cheap at 6p can’t believe I managed to get some at 4.5p
Onwards and upwards from here!
The Regulatory Suspension RNS will come at 7.30 tomorrow morn. It will probably be accompanied by, or shortly followed or preceded by a separate RNS by the company acknowledging the suspension. If they are still negotiating the deal it will probably contain no further clues. We will then have to wait until they have signed the Heads of Terms before we get any details about the RTO - which could come anytime in the next 6 months.
I recognise that one! CCAP per chance!?
If there’s no RNS along those lines tomorrow morning I think it’s as good as saying the RTO is in advanced negotiations.
They wouldn’t wait until after suspension on Monday to announce there is no deal IMO.
Interesting day tomorrow!
If market cap is only £4M and cash is £2.8 million it’s cheap. Not uncommon for SPACs to trade 3 or 4 times cash, times are a bit harder recently with the way the markets are but 2xCash is about right IMO.
Tight as a tiger at the moment.
Looks like most people have made up their minds either in or out.
IMO we probably won’t get an RNS this week - which to me is as good as saying the deal is in the pipeline. I’m intrigued as to how the market will react on Friday if it happens that way though?
I shouldn’t care, It’s just one I still keep an eye on.
The interpretations of the RNS on here tonight will all be pie in the sky tomorrow morning. The market will decide.
My opinion is there will be more sells than buys, and if I’m wrong I’ll have learnt something.
A lot of people trying to be positive on that RNS. It’s filler, there’s nothing happening anytime soon that’s for sure, if you can get out with a profit do it, this will be on a downward trajectory starting with a drop in the morning.
Rampers gonna ramp I suppose.
This will RTO it’s just a case of whether they announce the deal before suspension. Don’t understand why would anyone thinks they would not complete a deal?
They had a variety of targets to choose from, the MCAP was too high, but they sorted it.
Only question is this the bottom or will you be pick it up cheaper next week assuming they don’t suspend Monday Monday morn.
Always hard to sell at a loss, but had enough, might buy back in when they announce the next placing! Not a massive holding (2.5millish) but think the money could be earning elsewhere in the short term, don’t expect anything to happen here quickly!
I don’t think that’s a contradiction, nobody does know, certainly not here and not even the Tr1 holders, many of whom I’ve spoken to. There is of course still a realistic possibility of a deal but statistically if you look at AIM SPACs that have got to within 2 weeks of the deadline I would say the majority of them the reason is because they haven’t struck a deal.
It’s a complete gamble at this point, I would say there will be no more price spikes this late in the game, so whatever you stick in now is either in suspension or to be sold at a loss beforehand.
You’ve been saying the deal is done for weeks Greg, and exactly the same was said for CCAP.
Fact is nobody knows and chances are 50/50, infact odds would probably favour no deal this close to deadline!
..having said that I think buying now and then losing 50% if there’s a ‘no deal’ RNS is probably a harder lesson.
(Been there with CCAP!)
I’ve held since January and will continue to do so but mainly now out of sheer curiosity and stubbornness, and because I only invest what I’m willing to lose!
Very very risky buying this close to deadline.
Never say never, but he’s not at the moment, and he’s been dismissive of any involvement in the past.
There is only 2 weeks left to trade, the further 6 months to complete a deal is during suspension. It will suspend by 5th July, deal or no deal. There is no guarantee it will relist.
https://t.me/RDGCPLC
That’s the main one.
Holder’s one you have to msg the admin with proof of holding, think Harry?
Chris Akers is not involved here and it’s 2 weeks trading days left. Assuming there is no RTO announcement prior, it will suspend on the morning of the 5th July, it will then have 6 months to complete an RTO, or raise and relist as an investing company.
I’m a long term holder and too stubborn to sell, so I hope there will be a positive RNS before it gets to that scenario, but people should be aware this is a very risky time to buy in as the news could go either way.
There are a lot of rampers jumping on this at the moment, throwing wild SP predictions based on diddly squat.
Luck I would say - nobody knows whether the RTO will happen. If you are in the holders telegram group though you did know that TR1 was coming.
With those block 1million sells I would say it’s more likely the next tr1 will be a decreased holding, someone is on a mission.