Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
BH is not looking quite so appealing selling his 675k shares Weds and now this . No wonder we have struggled to gain anything like fair value .
Thanks for a great sense check onsolidground
This is a leaked piece and more dirty play by BOO.
If you go back to what they say this is about it just doesn’t make sense . I am sure we would rather have seen performance related options but the awards aren’t stupidly high and BOO do far worse in their own company. Just F off and leave our company alone as your own needs far more urgent attention
We don’t need any additional RNS tomorrow . This buy tells us all we need to know , REVB is significantly undervalued and Bob has snuffed out BOO’s foul play.
If I were Bob I would vary the £2m being paid to tie it into share price growth . That takes all the heat out of BOO’s excuse for their position. It is an excuse , we know what they really want but doing this would put the BOD on the moral
High ground and firmly aligned with s/h interests . From their Director buys they firmly believe in the potential for the shares to recover and grow so it would be win win for them .
We matched Boo’s SP today ; now let’s start unlocking our real value and go after matching their market cap
It’s a conundrum for Boo silverlight. They buy to increase s/h, drive the price higher , make BH look stronger with other s/he’s and use the cash reserves it looks like BOO need for other purposes . Sounds like a double down risky play. Or they just get in line and let their investment grow
RNS are fine with me and at least Bob is communicating now.
I remember MEM well from Greatland days and his /her posts were always interesting
Beginning to look like a well
Orchestrated campaign behind a wall of previously poor comms now . This will help hugely
Successful shareholder actions are rare and the BOD were fully tooled up with Macfarlanes yesterday. Best thing BOO can do it get around the table and talk constructively
The lawyers would have been big winners yesterday . I bet they had a team full on the cuts and thrusts leading up to the AGM and the RNS wordings
I am amazed how stable this is so far today . Seems to have found a solid level but would be nice to break 30p and then let loose
I was a mushroom and tomorrow or the day after I may be a magic mushroom. I I can see why the RNS took so long to construct now .
Proper old fashioned face off by the sounds .
I’m beginning to know what a mushroom feels like , the being kept in the dark etc. variety
The comms have to get much better from the BOD here . Proper s/h communication not just defensive rants and endless half promises for deadlines missed .
I’m in holiday this week and don’t want to have to wake up at 7 am every day !
My guess is AGM tomorrow to confirm postponement of it and the relisting of the shares . Let them rise up and let everybody see you are in safe control here .
Silver light - maybe they took that action so they can agree that to get him back in the fold , we will drop hands and make you a great return on your s/h . Attack is often the best form of defence
All good but it is and has been appropriate to update s/h the BOO hostile action not because if it .
Nevertheless the business is clearly motoring in the right direction
Momajid- liquidation and Administration are different things entirely . Despite the bad press pre packs get, as somebody who works in this area I know how hard most IPs work to adhere to their obligations to drive best value for creditors . Shareholders aren’t usually a consideration as by definition an Administration has to be insolvent , cash flow or balance sheet. You are true most Balance Sheets can be manipulated both ways . The lenders here will hold the say over any Director action and with something listed and this high profile on the back of past wrong doings and this control war brewing would look beyond their own position . So a cosy pre pack by BOO is way off . If I was Bob I would not even have mentioned the word Administration . It shows how rattled he is by BOOs RNS. There are positives here that should be stressed because clearly there is something of real worth to scrap over . It should not be kept suspended artificially while the behind the scenes (or now public) scrap goes on. This needs relisting asap and let the share find its true value whatever that is and use the time before the AGM to engage in some good old fashioned stakeholder management .