Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ferdie, I could be wrong of course however they won’t wind the company up until the assets are sold.
The rise was on the value of said asset and cash on hand , values the company more than it is right now.
What is fair value, each to their own and there are a lot more well versed than I on this company.
For now I am content to ride this out. Let’s see what the MM’s do over the coming days.
As global restrictions lift, the asset sale will go through, as of right now nothing else has changed according to today’s RNS. All resolutions passed and they will see it through.
On the basis that they were all passed, OPP await further confirmation on the asset sale. Further confirmation today albeit (we know no reason for the rise in SP) they confirm nothing else had changed.
Let’s wait and see, that’s all we can do.
Ahead of the information on the Annual General Meeting, I would like to update you on where we are in our efforts to wind up the Company and return capital to shareholders. We had hoped that by now the Company would have been wound up and a liquidator appointed but due to the global pandemic that has not been possible. The Celadon Mining Ltd transaction referred to in our last interim report has not completed due to Covid related travel restrictions. The Board is in close contact with the Celadon controlling shareholder and believes that it continues to be in the Company’s interest to await that transaction’s completion. We will update the market as and when additional information is received
We consequently put these resolutions to Shareholders at the Annual General Meeting. Your Board believes that the proposals are in the best interests of the Company and Shareholders as a whole and is recommending that you vote in favour of the resolutions at the Annual General Meeting.
Dear
Thank you for your email and apologies for the delay in our response.
The Company is still progressing towards a listing.
The listing process had been affected by the low oil prices through 2020 and, as you will be aware, continues to be affected by COVID, mainly relating to the general public's attitude towards hydrocarbons and the push for renewables. The focus of the Company is likely to change and we will keep shareholders updated as soon as we are able to. The Directors are continually working on this but it has been very difficult to move things forward.
Please be assured that the Board continues to pursue a listing to obtain liquidity for its shareholders.
Regards,
Infinity Energy Limited
Akramms posted this yesterday. It’s all about volume, if Monday opens positively and the volume is steady it could head north, I’m holding at a loss. It could of course retrace further, and I can only sit on my hands and practice the art of patience.
https://www.share-talk.com/share-talk-bulletin-board-heroes-friday-5th-march-2021/#gs.uq0q52
I’ve changed the thread.
Try PI (link Below) light reading but gives an insight as to what’s being going on, assets, cash etc.
https://www.proactiveinvestors.com/LON:OPP/Origo-Partners/
With you now, I read the RNS's and there was a delay due to COVID and restrictions on travel to execute the deal I believe.
You're not alone, I'm in and will remain so until news. Assets and Cash alone value the company more than what the SP reflects.
ShareTalk did a short piece on this yesterday (someone posted the link) and if volume continues I think there was a target of 0.08. Fingers crossed......
52.4% of the issued share capital of the Company) for a total consideration of HK$89,080,000 million (approximately £8.2 million); equivalent to a price of approximately 4.1 pence per Ordinary Share
https://www.proactiveinvestors.com/LON:CTEA/Catenae-Innovation-PLC/
In addition, I would like to inform you that, with regard to these related supply chain business opportunities and our overall Ross Group strategy, we are also continuing, in parallel, to strategically and specifically explore some specialist energy-related financing and banking opportunities that we strongly believe will hopefully enable us in general, as Ross Group PLC, to be able to catalytically convert, evolve and grow our supply chain business, including such potential projects, on a more linear integrational basis; be it both horizontally and vertically.
With reference to our other existing core supply chain management and service businesses, I am delighted to inform that our specialist wholly-owned subsidiary, Ross Diversified Trading Limited has recently entered into a number of conditional transactions with certain mining, mineral and utilities companies regarding a number of international contracts and projects and it is also our hope to be able to make an announcement in this respect in the near future.