Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great deal here by IRR.
Ggp gave up 70% of haveiron for a much smaller spend.
We give up 50% for a higher spend plus have a 12 month lock in of equity investment.
Selling lithium to Tesla too.
Well done IRR. This is going to be incredibly exciting from now on...
Over £20m cash too. That is amazing and clearly the market needs more time to adjust the sp upwards significantly from here.
Same thing happened at ecr.
Price drops for weeks then discounted
Placing at 2.2p with warrants with a continued drop.
The dilution here is even bigger though.
This will unfortunately get hammered for the next few days/weeks.
Completely agree with the negative comments on here for the past few days.
With the rns of 25th January and the interviews since then to hit a placing after a 50% price drop for money we very likely don't need from a bucket shop. There is no decent explanation I can think of. The rns at the time seemed very strange and completely uneccessary.
Out of all of the placings I have ever seen in any of my holdings, this I believe is the most shocking and disappointing.
If there were a vote to remove anyone involved in this from ecr, I would vote so and I'm sure many others on this forum would too.
We have decent assets but this imo has killed sentiment for quite a while.
Too shocked for words and I like many others do not know what to do regarding buying or selling now.
I'd love a real, genuine explanation that I can actually believe but unfortunately all we can now do is speculate as to what happened like many have been doing in the last few days.
Fair enough. Your posts suddenly went from super positive to negative.
The IR guys are normally useless and don't think they even know anything most of the time.
They frequently work for many different listed companies at the same time and just relay any info in the public domain. I.e. the annual report or the prospectus.
With cbx, I'm sure we will get a few announcements between now and August as the company progresses on different fronts.
They do have 13 million quid so can get things moving much faster than the majority of companies of this size.
You compare that to a company with say £5m and strip out admin and salaries, they don't have much left to put into the business. Cbx is in a very strong position and will turn out to be more exciting over the next few months imo.
Amran.
I assume you sold out on the 29th March as that is when your posts turned from extremely positive every day to negative.
Who did you speak to in the company?
We can then verify your claim...
We have likely finished all of the end of March and tax year selling yesterday.
Market makers often smash the smaller stocks for this and take them back up in April/May.
Some of the aim shares on my watchlist got obliterated because of this.
A silly phenomena but that's what taxes make people do....
But how many has he been buying in that range?
The majority of his shares are owned at a miniscule price.
The amount of times I've seen 'xyz has no intention to sell the shares within 1 year' then only to find out after the price has collapsed that that person did actually sell shares and reported it months late!
With £35m death spiral financing too, which the financier will get 10% share cheaper on average whatever you lot pay for them also makes one wonder why on earth would you buy here until at least most of that is converted?
This has bubbled up but too many reasons this will decimate in 2021 and 2022.
I'm not sure i'd be buying even if these halved unless they are able to get more secure financing and secure revenue.
Very dangerous buying at these prices.
At 10p. 13:07pm.
https://total-market-solutions.com/2021/03/investing-in-the-uks-small-cap-medicinal-cannabis-stocks/
Mark550
You are correct.
Durban holdings own around 18% of this.
They also hold a similar amount in Argo blockchain.
Peter wall is also a director.
Also there are several connections to beckam through the staff.
I think a very interesting story will unwind here in the coming months/years.
I am surprised by the share price but doubt it will stay low for long, for many reasons including the above.
Who on earth would buy shares in this in the next 12 month's with the financing agreement just signed.
Great for bringing money into the company but will be terrible for the share price.
This is a shorters dream.
Equity conversions at 90% of vwap.
These never end well in my experience.
TW has a 5p target on this.
I wouldn't be surprised if that actually isn't far off in the next year or 2.
CBX will outperform this considerably imo.
Tpjak1
We all make that mistake occasionly but almost every time, you get a chance within a few weeks to get out in profit, no matter what you paid, imo.
Many on here would say anything to have you sell at a loss at 10p only to pick up your shares and enjoy that ride back up. Imho.
Early stage growth companies, especially in huge growth sectors demand far higher multiples than average.
If the share price were to get to £1 And they raise £25m-£50m to accelerate their plan, it'll have almost zero dilutionary effect.
They are simply not going to do that at this price and likely couldn't if they wanted to as the financiers are going to want to see the business progress first.
Obstando - the company have said many times in interviews they have plenty of money through 2022. The fact you do not know this and talk so much on here really is bizarre.
Amran, Yes he did.
What about year 4, 5 and 6 etc?+ other products coming online.
The growth base from 250,000 customers is huge and they could also beat them targets significantly across multiple countries.
This has the potential to be a multiple £billion company imo and could happen very quickly.
If this gets to £3/share, you won't care if you paid 11p or 14p or 18p for it and these little boring days of 3% down will be long forgotten...
Lots more to come and agree RNS over the next weeks should reignite this....
They have said many times they are fully funded all through 2022.
Obstando loves to post lots when the share price falls and has written many misleading comments for a while.
He obviously has a very unhappy life because of his personality and like a to bring negativity to others.
Exactly and look who owns them.
Same people as Argo blockchain.
I think a few people posting on here are going to have a big lesson in patience over the next week or 2
Absolutely.
This is one of the biggest growth markets out there.
If this is a success which I believe it will be as all of the right people are involved, then it'll be a multi billion company within years.
Most people do not look that far ahead and want to know what the price will be after lunch due to buys and sells. The real money is made by looking at what this could be in 5 or 10 years.