Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agreed. I didn't type very clearly. The warrants exist for 12 mths and can be triggered by the company by the 3p clause. Thats wjy i read it that the RNS today is put in place early doors as they expect the current level to be exceeded so warrant holders will either take them soon or be triggered at 3p st notice period. They are non transferable so what I am unclear about is if somebody took say 500k in the placing and have sold since, is their 500k in warrants still active or expired. I imagine active at least for the next 8 mths.
The original 212M had the same in warrants attached subject to a 12mth exercise period. They are triggered if the vol weighted price is over 3p for 5 days. Looks like a pretty solid message that 3p is likely. Sorry if that's obvious
At last LR avoided a time scale. He does learn then. I'd be happy to go down the options route because the elephant in the room is how much cash do we have because 2019 is going to be busy. Happy to end the year on good news even if that means not a high point (for the SP). Fingers crossed for 2019 and a market reversal. gla
Fingers crossed for the JV. I don't think we are far enough ahead for a sale at the moment. Nothing announced on ASX so I fear we are about to miss another deadline which will further dent LR credibility. I have complete faith in the asset. Rabbit and hat time Lawrence. Please pull it out and end 2018 on a sweet note. Gla
No doubt he will rise again when he finishes his paper round. I had him filtered. I keep watching ASX for an announcement. The drop today was severe and the diamond drilling has been promised mid December. Gla
Have to agree. This is a fantastic asset but LR is the face front of house and at the moment he is struggling. The down turn is over done but aim is all about momentum and credibility. The lack of the latter has stopped the former. I only pray for better times ahead. At the moment I think we need a buy in jv to get it further. A raise at this point would destroy sentiment. If that raise is announced tomorrow then the ship has a leak as well.
Agree with that and Bradley. In the long run this will be nothing more than a speed bump. No one wins if you try and play the social media game. Keep it professional and don't answer emails. If you never answer there can be no confusion or rumour. Aim thrives on both
Wasn't the addition that most of us expected unfortunately. I don't think Laurence is the right person for in front of camera any more. Credibility issues now until he can pull the rabbit out of the hat. Those bumbling presentations are no longer endearing.