Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's getting like that episode of Red dwarf where they all get quarantined by rimmer round here. No news is inducing some boredom related craziness and everyone's at each other's throats. If someone turns up dressed like a pantomime dame talking to Mr Flibble then you'll know I'm right.
In the meantime we'll wait for the lawyers to do their lawyering and hope they turn up with a cracking price for us
You're right Ste, shortly is a non-specific word that would imply weeks or months. If they had said imminent then I would expect days or weeks. By using that word they have given themselves some wiggle room and an allowance for any delays; most of us will have done the same with a client or boss - I'll have it with you shortly. The tension arises from the differing interpretations of the word!
I had a few quid in VAST a couple of years back, the BoD there tossed the word imminently around like confetti and it clearly meant something else to them. Now they were a shower, probably still are
I'm with you there Bill, Wolfe speaks a lot of sense much of the time and whilst I do respect the genuine hard work and research that many have shared on here, I do wish the chat was back in the pre-pirate days. At least the venom spouted today has prompted me to do something I've not done for a few years and filter a load of people.
Here's to a swift and successful conclusion of the sale, been here nearly 2 years now and it's already been my most successful share
Until you've seen the reality of a food bank and day to day life on an estate I'd wind your neck in and stop making yourself look foolish. Life is tough for those people and it's a crying shame that Johnson and his lot refuse to see it
Agree. He came out with some utter drivel about the arms industry yesterday as well, clearly lacking decency and principles. As much as the pointless daily rns guessing gets on my nerves sy least it's harmless, he should stick to that
Clearly you don't believe Horrendous and your posting history shows you just pop up periodically when the SP is dipping to have a go. You're obviously not invested so not sure why you're bothering to post here
Belstaff it sounds like you're a bit overcommitted, none of us should be investing cash that is needed to support day to day life for us and our families. If that's the case there's nothing that can be done now, but I don't think what you're saying about the BoD is needed; if you're that concerned you can get in touch with the company to ask some questions.
I would add that when we went through our acquisition all staff members involved had to sign NDAs, so there's always an element of secrecy about these things for a number of reasons
Morning all, long time observer (and investor) but never posted on this one, thought I would give my perspective on the suspension timelines on the assumption that a deal is being brokered. The company I work for now was acquired by a NYSE listed firm from our private equity owners, it was a pretty sizeable deal (more than millions) and there was a lot of dancing and courtship going on before more formal positions were taken. From commencement of negotiations and the due diligence activity it took about 4/5 months before the deal was announced, now ours is quite a complex company and I imagine there's much more to go through then a company like Eurasia, but it will still take time.
There are many things we don't know such as whether there is a deal in the offing at all, but let's assume there is, we still don't know how many suitors there are, when negotiations started, what is entailed and when they may conclude. So if there is a deal to be announced it could today, tomorrow or 3 months time. We just have to be patient
Good luck everyone and happy holding
Is it cash rich or is it 500k in the bank? I'm not wanting to put a downer on things but I do want to ensure we have realism here. What would be useful debate to me as someone sitting on the sidelines and trying to decide whether to put money in or not is what the end game might look like with a RTO, am I going to get a good return or will this be diluted to hell?
All we get is boom and mm's playing games, whilst the sp stays broadly the same - which it would with no news. Can we have some reasoned debate?
That bloody Circum liquidity event is just like the promise of nuclear fusion power, it's always just over the horizon. Years we've been waiting for that to arrive and when it does GR will probably manage to **** it up somehow via a shareswap with an ostrich farm, loan to a leprechaun pot of gold mining outfit or purchase of some phenomenal business that has found a new and improved way to set fire to cash
As nice as this is we need to move a long way north of here for me to break even, ie over 10 times the current value. It'll be a long old wait - and indeed may never happen. I'm tempted to add in but have done that before and I swore I'd punch myself in the nads if I ever did something like that again
Jeez, it's like a pack of dogs. I'm trying to show some balance and open the debate into the risks as well as the gains and you get responses like the one from Unknowntrader. Calm down. I do have a sense of humour, don't worry about that, but when I look through my filter list it tends to be full of clowns that are shouting boom every 5 minutes for no apparent reason
In the interests of furthering the debate, what are your expectations for the share price should a RTO materialise? And what about the total number of shares in issue? You must have a view if you've invested. I haven't invested at this point as I can't convince myself that the gamble is worth it, that's not to say my view won't change though
Regardless of what he may or may not have done elsewhere - and I don't know or care - what he is saying here does make some sense and there should be some balance to the constant ramping and booms because a cash shell with a small sum of money in the bank does represent a massive gamble if you choose to invest.
Don't listen to Eezy, if you haven't already look into the history of RTOs and some real life examples, sometimes you can make a lot of money but more often than not you lose it. So this share is a gamble and should be viewed in that context
I've been keeping an eye on this for the last few weeks since it spiked with the sale, ie is it worth a punt or not. I've also seen the relentless ramping and the constant bashing of Eezy - with whom I have no connection. The points he make as balance are perfectly legitimate and it's worth trying to answer his questions. The board have a very small sum of money in which to invest so it's highly unlikely they're going to be buying a cheap diamond in the rough, which means a RTO. If you look at the history of RTOs and why companies go down this route then you'll see it's far from an easy ride and many fail, so that represents a significant gamble rather than a sound investment.
Should the company be reasonably sound and of a significantly higher value than 500k then the shareholders in HNG are going to be massively diluted one way or another, so again that doesn't seem like a sound investment.
So in my opinion Eezy's challenges are fair and this share is a punt at best and I'd have to be prepared to lose all of my investment - but you could get lucky