Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The total shares will now be: 653,102,371.
The shares were issues at 0.44p and then sold in the market at 0.044p to allow the £900k debt to be converted into £100k cash and then of that £100k, £50k was given to 1 Director and £10k to another....
Hope that makes sense, as it doesn't makes sense to most of us. But it does seem like a good deal though unless we are missing something. Only speculation but it seems that needed to get sorted for the company to move to the next stage (whatever that might be)....
The one thing of late is that we have at least have some trades.....if you look back at my posts you will see that there was a time in Feb (I think) that we didn't have any trades for 2 weeks I think....
Which is making me think that something is happening.
Well put your money where your mouth is they say: Just invested another £2k bringing my total shares to 27m now at an average of 0.14. So there you are Dave’s, some of us do still invest….hopefully in the right company ;)
I wonder if this was some kind of deal to allow the next steps to fall in place. Focus Energy didn't buy into this share for nothing. But probably wanted the depts cleared before moving onto the next steps....Only my opinion!
And to be fair, the property business have never worked. They do not do it in a size/quantity that will ever make us/them any money. So my 2 pence would be either go into the mining sector through Focus energy or get going on the Hydroponics. But they've had 10+ years now on the property and have not shown a profit in any of those years....
I wouldn't worry about the Hydroponics to much as we have been told that they have basically shelved it because of to high energy prices.
I actually bought it initially on the back of the hydroponics business and I know others did as well. If you look into the 2 directors they brough on to deal with this they definitely have the experience. They help start up the Jones food factory that got bought out by Ocado in the end for I think £17m.
And me being a bit of an amateur hydroponics fanatic found it exiting at the time. We do own a small R&D facility somewhere up North. Think we paid around £70k for it....
There has never been any mention i.e. RTO. Peterhouse (brokers) raised £125,000.00 via a placing at 0.1p. We were later informed that Forum Energy (Peter) took 75000000 of these shares. But that is as much info as we got. As we haven't had an updates shareholders list we don't actually know how many Forum owns now but at the time we all thought that they would build up their shareholding to just under 30% (effectively what was raised at the time).
I posted it before but I know Peter still has a license for mining somewhere (sorry cant remember of the top of my head) which I think might be his route here. But might be totally wrong.....
I wonder if Paul Forrest (Angus energy) still has his shares. Can believe he would have invested in here without a future plan for his money. He should be sitting on around 30% if he also bought up the broker shares.....but never got any confirmation
I think the 10p is a important barrier to cross and might take a few more trading sessions to get past (happy to be wrong). But as I said in the past daily patterns don't interest me, it's the long term potential of this share.
I will keep adding when I have funds available....