Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Aren’t you all overlooking the fact that you all probably have many more Sareum shares in your portfolio as a direct consequence of this dilution? Ample compensation I would say. At least be balanced
I wasn't referring to you DeAar - but if the cap fits then wear it.
I warned early this morning about the uber rampers as I am now warning against the uber negatives. Why would anyone get themselves burnt if they don't sell? News due would also guarantee them a payday in the other direction surely.
I do not have an objection to individuals making money but I do hate the disingenuous ones who collaborate in a blatant attempt to scare or over enthuse investors.
The Uber rampers have left so they obviously are out now and the baton has been passed to the gloomers who have opened shorts. All of it is self serving carp of course and we Lth’s can see through the smokescreens as we have endured it all before. News soon - bring it on!
Nicely and Xviolet were waiting for 3/5p and predicting further falls. Nicely is short if anything and full of carp. Beware the uber rampers though as it is Friday and they will be ramping in order to sell out a bit later today. No predictions from me as it is a mugs game.
There are now 101m shares in circulation. Market cap £23m (using rounded numbers) so while it is easy:
50p = £50m
£1 = £100m
£3 = £300m
£5 = £500m
£10 = £1bn
The value of Sareums pipeline is still to be determined and is dependent on positive newsflow. Brighty has posted several valuations of done deals for reference.
It is for each of us as individuals to assess the potential value of Sareum and those happy with £1 is fine. £3 & £5 per share are good with £10 per share life changing for many.
Sareums pipeline is currently valued at £23m for the lot if you believe the market. Risk v Reward looks excellent but it remains your choice.
@Funnyguy, Surfie,Joey etc- not a prediction but even you guys might be able to recognise value when it is staring you in the face.
It looks as if we are being walked down this morning with a sub 16p sell to come from RF.
The new shares will hit the market Thursday. I think the 2.9m have been sold otherwise we can expect a TR-1 informing us that RF own over 3% of Sareum.
Similarly, we may get a further RNS informing us that RF have exercised their warrants. No RNS to this effect on Thursday will mean that the warrants remain intact.
I agree that the RNS was confusing with the numbers and perhaps will become more clear on Thursday.
An operational/ Trial update on Thursday would be good and would certainly accelerate the disposal of RF shares. Until we get further clarity the RF shares will act as a drag on the sp
hi matt - if warrants are converted to shares there would have to be a rns stating that, and how much the company has received as a result of those warrants being converted to shares. i don't think this includes warrants unless somebody has ****ed up.
i have had the impression that the mm's have been struggling for shares for most of the day so this is manna from heaven for them as it will allow them to take control of the sp for a while longer. obfuscation, manipulation, collusion. follow the news and the corruption
Morning Laura - you are correct in stating the GGP situation is slightly different. However, access to investment funding is the driver as it is considered that there is more Institutional Investor appetite for mining companies in Oz and very little in the UK.
@HBD - I think you are correct and we will never know. I would much prefer the BoD get on with the plan now we are seemingly over our financial glitch. RF have troubles of their own. It may even support the theory that we were deliberately weakened. It is behind us now - onwards and sideways!