Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It wasn’t even the money loss that got me it was the feeling of being taken for a ride & lied to. The only solace was that people smarter than me fell for it too.
Scenarios like this that heavily effect people’s life is the reason I’ll never recommend a share to anyone ever again.
What worries me is everyone will be expecting an RNS tomorrow then panic when one doesn’t arrive so I’ll probably have a top up if that happens.
The only real doubt I have is the recent fundraising. Why dilute 7% of the company if we are getting $50m in the new few months. The only positive explanation is to strengthen our hand but even that’s clutching at straws as we shouldn’t need to if the asset is that good.
Also what’s the master plan with C4. They are buying debt in several companies, why?
The problem with the whole thing is you can argue it both ways and neither look good. Either he has agreed to take shares earlier than his leaving date because he expects the deal to go through and share price to rocket or he’s taken them now because they expect the deal is going to fall through and possibly collapse the company.