Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is not just any agreement but a Suzy agreement. You know the one with no income but with a vague will know if it’s worth it in 12 months.
Releasing rns costs money. Wouldn’t it have been better to release this rns with the one on Friday? Maybe Suzy if you looked after the pennies then you wouldn’t need to keep doing placings.
I fear I Taa going to be painful today but better to get it over with now than die by a thousand cuts.
Silly me I thought she would do the honourable thing and tender her resignation.
PM2022 said : I have no doubt TRX has raised the funds
What are you smoking mate? I’d like some as well.
If they had the funds already why haven’t they said the funds are there but dependent on the merger going through with Euda? Silence says it all for me
This is from Valirx website: “ ValiRx accelerates the development of treatments in cancer and women’s health to improve patient lives.”
The dilly dally gang has done nothing to achieve these noble aims. Kudos to whoever has decided to call them out on it.
In my opinion they have gone away from the mission statement and are full on concentrating on building a successful lab or two to fund their wages. I invested for them to take CLX forward and if that needs more funding then I’m happy to oblige.
Suzy and co have lost the trust of shareholders and Suzy if you’re reading this then please leave. I think it’s fair to say you have been compensated adequately.
Share price may take a hit on Monday but if we can get back to the mission statement the short term pain may lead to positivity for both patients and shareholders.
Atb
Judge-mental , I’m thinking along the same lines after reading the Orr tweet: “ Oriole has had a successful week at #MiningIndaba in Cape Town, meeting with investors, existing and potential JV partners, suppliers, and key figures in the African #mining sector. ”
Keywords being “potential JV partners”
IMO this is the next GGP
@goldbar2 - in a nutshell this is a company sitting on a ****load of oil but as usual they have a bod who want to distribute the wealth to themselves and their friends instead of the rightful shareholders.
the senior lender wants his money which the company doesn’t have so it looks like administration.
this is a binary bet no matter what anyone says. if it doesn’t go into administration then that means there is a chance of multi bagging from such a low matketcap. if it goes into administration then say good y to your money.
i’ve bought 1m shares here and look at it akin to buying a lottery ticket. question you have to ask yourself :
do you feel lucky punk?
@smartyp1 - even as a glass half full person i think 142 has failed hence why we have not heard anything. i think we would have heard about it if it had been successful.
block 8 we will find out once it’s been approved and not before. personally i can see why it’s that way. i’ve got hope this will be good news.
the real news i want to hear from them is that they have bought in someone professional to bring 802 online. the ******* oil is there , we just don’t have the know how to get it out. for me if this happens i think we’ll see more interest in the share.
atb
RBMInvest said that the BOD offered them two seats in the board.
I’m no expert but shouldn’t the BoD be releasing an rns to let all shareholders know what is going on? This BoD seem like a bunch of cowboys with their heads I. The sand hoping this will all just go away.
Atb with your class action hope you guys make them pay.
Assuming these bondholders had shares previously as well then 12 months ago the share price was around 6p.
By the end of all of these conversions we’ll find probably about 90% of the shares will be owned by the bondholders so they could easily offer 6p to the remaining 10% PI shares and will still be one hell of a steal.
IMO this is what will happen rather than administration. They have used administration as a tool to destroy the share price and scare PIs into selling.
Keep the pressure up on the directors and bondholders. It will not be pretty reading for them and may force them to rethink.
I think we will get a steer very soon from the business and hopefully the greedy bar stewards have not decided to take the full cake.
Without a doubt there has been a concerted effort to fleece the existing PI shareholders.
At first glance this looks to be headed for administration but then why are bondholders converting the debt owed to them into shares?
In my opinion one of two things is going to happen: a) finances are going to be resolved within the next month and the company will start producing oil but this time making a profit. Or b) buy out at a price higher than it is today
Both sceanarios the bondholders will profit the most
Atb to all shareholders
Hi all, first time in this board. Really sorry to see so many PIs completely shafted here. I have bought 1m shares , a punt really after reading some of the messages here.
I’ve bought because I can’t understand Why a bondholder taker shares if the company is going into administration. Wouldn’t he/she be better off holding out and then get their money once it is in administration.
Imo i think this will survive but it all depends on the dilution.
In my opinion keeping the share price down helps lanstead as they have to pay Orr based on the average price for the month. They would have sold at a lower average so would actually lose money if they allowed the price to go up.
Watch the price will miraculously rise come start of the month. I’ve said it before and I will say it again this is Ggp in the making.
Atb to all shareholders
Let me get this right if the company says they will pay a dividend then we should invest but if a company is paying a dividend and gives you great results we should sell because they didn’t predict the lottery numbers for next quarter. Yep, makes sense.
The price reflects the fact there is no confidence in this BoD to successfully drill a deep.
I am hoping in the next rns they can announce they have signed an international drilling company to bring a deep well into production on a success basis.
I still think they have not tested block 8 as they are still waiting for approval. If they test before approval then what’s stopping Kuat from changing his mind if it’s successful and likewise if it is unsuccessful surely the BoD would have to pull out of the contract as they need to look out for the interests of the shareholders. That’s why I think they are waiting for approval.
.. by Iraqi parliament to elect a speaker since the last one was ousted for "rude behaviour" towards deputies.
Iraq has a power-sharing system where the speaker of parliament is usually a Sunni Arab. At the same time, the prime minister is a Shia Arab, and the president is Kurdish.
No speaker means the parliament won't be able to discuss and make amendments to the budget law.
They sure do like to take their time in making a decision :-)
@ PM2022 - I agree with you the price should be higher based on pipeline and products but this BOD have note done anything worthwhile to give value to these products. I invested for CLX so tell me what you think they have done this last year ? Sweet FA if you ask me. That is the problem. It’s not the placings but the fact they are adding no value at all. Something needs to change.
I think CLX could be the making of this company yet dilly is just dallying as far as I can tell.
Fair dos to Porky he has called it right but I have to say I do find it weird that you’re here quickly to warn people when the price rises 😂. It’s as if it beings you pain somehow.
I don’t know if anyone is on stocktwits but on the euda forum chat someone called porky put this message on in November which made me laugh
“Based on Theoremrx history to date IMO $EUDA need to carry out some serious Due Diligence here to protect themselves. Especially regarding the suggestion that the new partner has "access to funds". Very questionable IMO. Be interesting IF this all works out or not. “ 😂
Porky really hates Suzy 😂