Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
He's almost certainly out, his last day coincided with the big volume and rise
In my opinion it was excellent. Sounds as though the LDL-PL paper when published is going to be very important. Looks as though they have a world beating product. They also explained what the sbtx monies will be used for.
I'm afraid that this diatribe is typical of the nonsense we have seen from SBTX holders on this board. The notion that a rights issue was preferable in OPTI is laughable. A discounted placing is how small caps raise funds (a rights issue would not be on the cards). But when you have an overvalued asset worth millions it's a very simple decision to make.
Sadly AIM is not rational, and whilst the increase in SBTX valuation was not reflected in OPTI's price, the fall this week demonstrably is.
I agree that SOH's marketing has been lamentable, but you only have to look at the investors on the SBTX board after the fall clambering for Elrico to see that he can indeed take a large slice of the credit for the shareprice action in both companies.
Unfortunately the continued pressure this morning is beacuse of the further drop in OPTI's holding of SBTX. At current prices, (minus the SBTX holding) OPTI is worth only £20m. And that's with the biggest deal it's ever signed just landed and the company at a pivotal moment.
Sadly a contributing factor has been the continued selling pressure on OPTI by a group of large holders who are betrothed to a certain private blogger who has a bizarre incestuous relationship with both Stephen O'Hara (OPTI) and Stuart Ashman (SBTX). Said blogger publishes interviews with both behind a paywall and his doting followers move their not insignificant monies around at his whim.
Unfortunately for OPTI holders, this blogger produced some pie-in-the-sky analysis for SBTX, suggesting an unfeasible valuation. Hence his sheep had been dumping OPTI to buy SBTX. Sadly now following the SBTX report this week, this is coming home to roost and the SBTX price has crashed, taking OPTI (vis its 20% stake in SBTX) with it.
Maybe now they will realise the folly of selling OPTI and reinvest at what are essentially fire sale prices.
It's nothing to do with the sale of SBTX shares. Markets took a dump and support broke triggering stops to be taken out. People need to stop being butt hurt about the selling of SBTX. It's a cash cow. It's either that or oHara raises funds through a placing.
Think the issue here is that SCAP have had a seller of size since the run up in gold price last week. Currently trading at a -20% discount to NAV when normally this year has been more like -10%. Once he finishes should be a move back. Compare GDX index which GPM usually follows quite closely.