Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It certainly does Jima hence the anger and frustration at the RNS. Once the market has been reassured this becomes a strong buy again and I will certainly resume my purchases. Should there have to be a shareholder bail out I will also take part if the terms are satisfactory
We are all being played - watch the sp rise in time for new ISA’s.
I also think that there is some way to go before we reach Armageddon- nobody likes the situation least of all me, but don’t let’s panic ourselves into a false position of our own making. We could even have a major take a stake in the Company. The resultant announcement and sp surge would/could make a third party a lot of money and offset licence costs. Lots of potential scenarios. God alone knows which one we will end with.
If that is the case Aber I would not take that lying down I can assure you.
I was in a company once - Nosta Tierra (NTOG) whose market cap was far less than its assets. A broker had gone short despite good news - eventually, said broker was trapped and went to NTOG CEO and asked home to do a placing that they would subscribe to allowing them to cover their position. The CEO was enraged at their overall treatment told the broker where to go and went public in the Financial press. This was about 15 years ago (or even more) Just shows the arrogance of brokers and the expectation that everyone should be complicit with their manipulation. Despicable
I agree that the market is on its knees Maj. I have never had a post reported or removed because I don’t like opposing views - if we all make money then the strategy cannot be wrong. Could always be better though!
The RNS has caused a furore but we are not talking huge amounts of money required especially if our pipeline remains active (which it does). Sareum also has patents granted.
A useful analogy is that if you are skint your property doesn’t drop in value and you can still sell it. The error is in telling everyone your skint before it’s sold. The RNS should have been split into 2 x one liners. One announcing when the results would be released and the other announcing the issuing of 1.5m shares under the terms of the agreement. The rest was sheer commercial management suicide
Pot, kettle, black there Maj. You are as tribal as the rest and also in denial and take a superior attitude. I will wait this out as I have nothing to lose (although I don’t want to lose out).
I have made six figures and withdrew that long ago. Just different strategies and not black and white tribalism as you maintain.
I see their disciples and general attack dogs are out t in force. I wonder where all these shares being bought and sold are coming from. More Broker and RF collusion no doubt- probably forward selling the 1.5m
Shocking behaviour even for AIM. No wonder Companies are queuing up to leave
Elcap - don’t be taken in by them. They will happily destroy our investments. They did get abuse only because they dished out very personal abuse to lots of us here with a different strategy.
I think they bailed out a while ago and are probably opening new short positions as we speak.
To be fair to them, they will have made money at our expense but my own and several other investors strategies have yet to play out. I cannot rate this as a buy due to the lack of information surrounding a viable solution as we stand.
Their posts on other sites are just as condescending and gloating as they were on here. Sharks!
One point that came to mind is that the original RNS may have contained more information regarding future intentions but was vetted by the NOMAD and elements removed due to not being factual just yet. It was necessary to keep the negative stuff in as it was factual and also had to contain the information relating to the issue of more shares to RF which take effect next Monday.
Very poorly presented though and somebody at Sareum should be ashamed of themselves
I get that Damion and the science is what they are about. There should be sufficient business acumen and financial acumen to support the scientific development through thick and thin with contingency planning at the forefront of everyone’s thinking. Board meetings should bring all of these skill sets into one room and plans developed on all fronts. Plan B is essential.
It may well be that a plan B is in motion but they are being coy. In which case why release the negatives in the first instance. The report due is only up until Dec 23 so no need to report any negatives until after Plan B has been implemented.
Just my immediate thoughts. Back in the UK Sunday so will re-examine then.
Brightly, Damion - I agree. I am keeping the faith but the sp has been this low for quite some time with RF supporting broker short positions by selling low. The BoD has known there were clouds on the horizon and have added to the problem by issuing such a poorly worded and negatively slanted RNS. I have not had much time for this as I am currently on the other side of the world. If they were releasing all this “info” why not tell us about the £136k and tax credits. Why not give us an update on working capital or the implied £164k shortfall.
Why not even confirm when the trial will end.
Lots of people not playing with straight bats I’m afraid
I had expected them to raise just after consolidation Aber. Didn’t happen and there appears to have been missed opportunities along the way, but I/we do not know that for sure. I think we need a new plan and route to market laid out pdq by the BoD. Sareum and the BoD have been shafted by the market and by those that are paid to advise. We shareholders bear the brunt and the big boys will clean up with cheap shares or by getting Sareums assets on the cheap from the administrator if it comes down to that.
This stinks to high heaven- If ever a RNS was written to damage the sp this was it.
I may be wrong but we have not been able to draw down £300k but we have £136k coming from 737 license leaving us short of where we should be by a mere £164k. If this is the case somebody has been asleep at the wheel and there is no plan B.
I was under the impression that the funds being raised along with tax credits would see us through Ph1b. Also, why not just say how much working capital remains? I appreciate this is up to Dec 23 but they have warned of problems so why not throw it all into the mix.
Or could we have been shorted into this position deliberately in order to make life difficult. Awful RNS, awful situation. PH should be sacked and RF booted out at the earliest opportunity as neither can be trusted.
Good luck Reality - oh! and I changed the thread title to counter your FUD and disruption. You carry on though. You can bet your bottom dollar that if it does sink to those predicted levels of yours that we will all still be piling in.
Thanks for the advice Reality - I think you need to do a bit more research on the share price fluctuations that paid us LTH's handsomely.
I would prefer to follow the news if it is ok with yourself and then I am not so blind. This is, as you rightly say, is a massive buying opportunity. I wouldn't want to wait for the 10's - just in case it didn't happen. Not too late for you to change your strategy though - no advice intended