Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It makes sense that the SP will rise from here on the strength of the options notice... perhaps there are moves to invest into a new venture or news to come that will make cashing these options profitable. Why else? All part of the plan, no doubt.
Either way things could get interesting... what about RMS?... surely the story isn't over there and recent RNS' are mixing things up and creating quite the stir!
Better than NetFlix ;-)
Classic list of excuses... their profit already taken in time for Christmas. There will be a nice fat turkey on TB's table this year!
...and we all know where the other turkey is! ;-)
Still haven't heard what the funding plan is. Will need more now to 'fix the problems'.
Options/CLN's... more gravy for the table, IMO.
He doesn't have to buy shares in RMS... he can just convert his options and choose to sell some, wither way it dilutes the shares for everyone and can drop the SP. I can't see further investment in RMS - Braveheart already sold out and the revenue for that will be distributed to their shareholders in a months time.
No meaningful upward movement will occur until production and a material RNS showing contracts demonstrating future growth, IMO.
TB will almost certainly take his options and sell... probably on the first indication of production/positive news.
Why wouldn't he?... the pattern is emerging here as it has in his other stocks it would appear.
Hook/line/sinker. Oh well.
GLA! :-)
He would have sold below the threshold to require advance shareholder approval or an advance warning.
The AIM rules are pretty clear - No.s 12 and 15 I believe.
I'd just be patient and wait and see what the SP does... generally the only real winners will be those who only bought at open today, and sold at 20p+ or if you are a director IMO.
GLA! :-)
My error- accepted. Ex-D indeed today, recorded as holder T+2 hence Record date 11th.
I'd mixed my dates up overthinking the RNS - there's a first time for everything!
Luckily not bankrupt. As a holder from before Dividend was announced I'm happy either way, thanks to RMS as well but thanks for your kind concern RegUK ;-)
Is anyone who bought before today, selling today??
Best option was to buy in with a fill order at 08:00 after the immediate drop, then sell again at the 120% jump.
Those in the know did that.
According to the RNS anyone selling today surely loses their Dividend as the Report day is stated as 11 Dec, (tomorrow).
Anyone buying shares today will not get the Dividend.
I hope nobody has made a mistake on their dates. Come January there may be a lot of head-slapping.
GLA
Surely the point is there is more to the company than just Bhukia.
It may have generated interest, positive investor sentiment - expectation may have driven the SP up with buyers coming on board.
Plenty of people may have seen this morning as a good exit point, and to re-invest profits on SP drop.
There is more to come later, as well as Bhukia news in New Year. Eventually! ;-)
By rights it should gap down immediately as the stock itself will have the value of the SP at close minus the dividend payment. Yes, 53p-42p=11p. However, after that it all depends on trading... and seeing as the Report day is 11th I can't see how selling would be a good idea. If you were going to sell (to crystallise profit) and forgo the dividend then you would have done so already today. The real test of the SP will be on the 11th, IMO.
Surely he must be very busy networking at the Singapore FinTech Festival, no doubt sharing his experience and knowledge of disruptive FinTech and introducing the pan-European (not to mention Middle Eastern and United States!) community to his leading global inventory monetisation platform. I bet the Supply@Me exhibitor virtual stand is inundated!
Very exciting! :-)
Intentional M.O....?
Just under 6,000,000,000 shares are owned within the original loan security arrangement to generate capital to keep company as a going concern*. No other income to speak of... (yet?)
RNS 29 Jul: "The Loans may be drawn in a series of tranches over one month and Lenders may trade pledged shares to diversify their portfolio concentration risks."
Buy up the SP, followed by PI's dragged in on the hype/ramping.
Sell down the SP, followed by PI's holding.
You can't think the SP changes at these volumes on the strength of PI activity?? (15% of all holdings, unlikely to 'day trade')
Cycle repeats.
Time it right (let me guess)... you hit your options target come end of the month.
Sweet.
Only good thing- if you predict rises like this, buy into it. Sell at the top with the II's.
Like all spiking shares (its usually AIM to be fair) its carefully coordinated and plenty of embedded rampers ready to do their masters bidding.
MM's don't do a thing - they only follow market pressures, use algorithms and manage a spread to create liquidity and generate subsequent fees/commissions.
You're welcome.
DYOR GLA GFY :-)
*Abal group (prev. incarnation prior to 'reverse takeover') see Companies House. Last filed accounts for 2018-19 on 13 Dec. Worthwhile research.
Isn't the SP hitting 0.69 an *almost* certainty? Its far too lucrative a deal for that target to be missed.
Theory: put a hold all institutional investor selling in the lead up to NY (see RNS dated 29 Jul for details of the loan security arrangements, particularly the collaborative component regarding trading) and ensure the stock gets ramped into oblivion by the usual crew... on the back of that sentiment, also probably chuck in a "big" (but conventionally bereft of objective content) announcement with an RNS and... "Ta-Da!"... the SP where you want it and job done.
Obviously, all just a theory. And all that IMO stuff.
DYOR GLA GFY etc
No news tomorrow as it is Ex-Dividend date. Friday probably, if at all, IMO.
Most effective option appears to be hold, dividend, sell (if you want to) in New Year after SP has re-stabilised.
Impatience is more likely to lead to a loss in this situation I think.
GLA!
With expectation of news I think you're right... buying pressure in the last few hours of trading to close. Should see 30p+ and well supported, IMO.
Recent RNS meaning only one thing - further massive dilution and for what, operating costs/debt restructuring?
The timing, previous statements and narrative - along with delays/missed deadlines - have probably exhausted most investors patience.
Lots more reason for distrust and speculation. The full truth likely never really going to be established so everyone will have a version of 'their truth'. Smarter investors may have dug deeply enough to ascertain a better truth but for most of us surely the overall 'gut reaction' is one of either cutting/taking losses, averaging down and looking elsewhere, IMO.
I thought I had grasped the long-term plan with a period of earnest research and exploration (previous posts notwithstanding) but today once again I find myself disappointed and a little bit exploited.
That's the game I guess... if you can't stand a bloodied nose don't get into the ring. But this has gone one step too far I think.
GLA, LTH and co.
There is a firm sentiment driving the SP up.
Are we getting closer to some news?
Amazon!?!...
I love satire :-)
Well-ramped, played perfectly now cashing in.
Its beginning to look a lot like Christmas... for the director! ;-)
£1-2?... a little rampy isn't that?
To reach 25p is great without definite news although expectations/sentiment is certainly lifting the SP.
How much further?.. can see 30p before the end of the week, IMO. Maybe higher.
GLA
...for those interested in FinTech and like to do their research...
Really exciting-looking, this week from 7-11th December - Global, 24hrs online... 40+ satellite 'Hubs'
Networking, exhibitors, workshops... its a premier event! :-)