Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, dddd are issuing new shares to cover this. Effectively about one sixth share dilution on merger (in return dddd get the $14m cash balance in LOAC).
Has anyone worked out why this wasn’t traded on ASX during the last Oz business day (17th)? I read the RNS as it being suspended until the earlier of 17th or a deal being announced - well, the 17th trading day has passed in Oz but see no evidence of trading activity.
The directors aren’t buying shares. They are paying themselves in shares because the company has no money. It’s different.
I don’t get the complete cynicism you guys have. I’m up 50% over the last couple of months and I’m expecting to bag it and get out. It seems a reasonable company now with potentially good returns if they expand production a little further. There appears a lot of history and you’ve lost a lot but many here will be new and making money and with a medium term exit plan of only a few months they should do well. As long as other investors see your comments in the context of not successfully setting a stop loss historically then they won’t be put off investing short term.
Things ticking along as expected; that’s what I take from the update. It’s still pretty early days for x518 and likely 3 years from market if all goes well. I’m staying with it though as there are many opportunities being followed. But don’t get over excited folks from this one rns.
Could be on the back of MVR announcing today a 50% increase in Napster listeners in 2020.
The disparity between the aim and Warsaw prices is bordering on market abuse. It really needs an RNS from the company to provide an explanation or to state they are unaware of any reason.
They’ve said Q1. Just don’t think about it.
I’d have thought a short bit that’d mean they’re two weeks late reporting on short interest tracker.
I’m guessing the rise is following the PNPL rise yesterday.
Cant read the article but interesting that 98% voted for one of the three to join the board. At that level the main shareholders on the board already plus ceo can’t have objected. Implies they made an agreement in advance to keep the chairman in exchange for allowing the appointments to proceed.
I’m invested and personally pleased the fundraise was higher than my average. However there is something I don’t understand about the fundraise.
So a group of investors come to you, as ceo, and effectively say, give us 15% of company and we’ll give you 500k (so at current market value). It shows the investors have confidence in your strategy and business plan and that’s a good thing.
However, as ceo, you already have a business plan which didn’t include the need to have 500k right now. Your business plan is something you presumably also have confidence in and if it pans out then the share price will benefit; and when you do need more funding you’ll expect to raise it at a better price than is currently the case; and effectively raise 500k, if you need it, with lower dilution than 15%. So, as ceo, why would you have accepted this offer?
The thing is, on 25th Nov in an interview Craig Brown said ‘ hoping to start drilling within a couple of weeks’ with the two weeks needed for minor safety paperwork. The link to the interview is on their Twitter feed on that date.
So maybe they started then or maybe they haven’t yet. But given he said that, it’s raising expectation and it’s reasonable one way or the other to have had an interview or rns after that two week period clarifying the situation.
If consistent with after hours loac price this should open at 1.38. Be interesting to see how the us close correlates to the uk open (assuming no news before then).
Rees, it doesn’t make any difference. You will never buy or sell loac or dddd and make more money from one than the other.