Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://www.lse.co.uk/share-fundamentals.asp?shareprice=BMN&share=Bushveld-Minerals
Bottom line (31 Dec '20 results).
£38,551 - £82,366 is a very wide range & suggests they don't know their target candidates. There is also very little detail about the role further suggesting they don't know what they're doing or after.
They come across as highly unprofessional (which I suppose at least is accurate).
All very well complaining if people get the chance to acquire shares for 2p but haven't you been valuing them at half that (or less) when persuading others to sell to you?
Nevertheless, all just academic while the actual worth is precisely 0p
You really are a sucker for punishment Slugmum - even if you only pay 0.00000000000001p/share it's still all just money down the drain if this doesn't relist.
3 years
30 years
300 years
What chance?
"Goldbloc (now Tally) was always Ralph's baby, although he had only ever managed to amass a few hundred users before Lionsgold took over way back when. It seems likely (from the quality or lack thereof) that RH was hands on in the development of the simplistic app, taking it to the limit of his 'capabilities'. It is difficult to see what role he might now play and looks like he has made himself redundant, albeit with a very handsome reward (thanks to CP's shareholder funded buying spree). "
Daily Drivel, Feb 25th 2021
Can anyone think of a single example of a company that has successfully relisted after more than a year off market?
They must exist (I assume), but surely rare as hen's teeth.
What chance Tally after all this time?
https://www.bbc.co.uk/news/business-52350082
Think I'll go fill up the car once this filters through to petrol prices- I could do with some cash!!
Old news regarding a different company?...
https://beta.companieshouse.gov.uk/company/05124641/insolvency
FC - If shares were held directly in Tallymoney Ltd and it was bought out then the proceeds would go to shareholders in exchange for their shares (which would be surrendered as sold). As it stands the proceeds would go to Tally Ltd (the owner) and, as you point out, they would then be free to use the money to for example pay themselves high salaries if that is what they decided.
I know only what I know & genuinely believe it highly likely that more than one LTH will be feeling the pressure as expressed by Knuttie yesterday. It is no surprise if some folk wish to bank profits which are otherwise meaningless.
My understanding is that as Tallymoney Ltd is owned by Tally Ltd, rather than directly by shareholders, the proceeds of a sale would go directly into the parent company's coffers. If Tally were listed this would probably result in a rise to the share price but as they are not it would be of little if any benefit to current shareholders.
JD1972 >> "Based on the LSE fundamentals page, are currently worth about the total NAV of the company"
For what it's worth, the LSE fundamentals page actually states the last reported NAV (Net Asset Value) of the company as $0.09/share (approx 7p).
Where does the Railsbank investment doubling in value come from?
Apart from the Lionsgold related investments valuing Railsbank at £10m, has there been any other form of 'valuation' for the business?
I know folk here think very highly of Railsbank, and hopefully for good reason, but the sceptic in me is still struggling to find anything noteworthy they have achieved in real-world business. Not sure they are even in profit yet?
So who would pay £2.5m for our stake (or even the £1.27m originally paid)?
Just over a year ago the share price was at the height of a bubble. Clearly it would seem low now by comparison to that inflated peak but even at this level it is nevertheless a ten-fold increase in little more than 3 years.
The idea that there are a bunch of malign champagne-sipping, cigar-smoking deviants watching shares closely and conspiring to undermine PIs is ludicrous... The function of Market Making is almost entirely automated and while the computer algorithms are no doubt optimised to ensure profitability (they are a business after all), they nevertheless simply respond to market movements in order to maintain liquidity. Techniques such as widening or narrowing the spread are programmed to temporarily stimulate or subdue trading and the 'misreporting' of buys & sells is a consequence of, not the purpose for, this. They have no interest in whether the SP rises or falls so long as a healthy (liquid) market is maintained. They are heavily regulated and, while malpractice certainly exists in all areas of life, have well-established lucrative businesses which rely on proven integrity for success.
In short, contrary to the conspiracy theories, they're boringly benign.
Besides, no-one needs to conspire to part fools from their money - they are perfectly capable of doing that for themselves!
It is not uncommon for a share price to become rapidly inflated due to over-enthusiasm from investors. When this occurs the share price will typically then recover (reduce) to the underlying growth trend over time. It is understandable for many investors to still view the previously over-inflated share price as 'the norm' and struggle to adjust their expectations to the post-bubble reality - often with cries of foul play.
Technical analysis of BMN trading data suggests that the underlying growth trend (which is still rising) will reach approximately 12.5p before the end of this year (which should coincide with the current corrective downtrend should it continue).
Those with a 'top of the bubble' orientated perspective will inevitably see this as a massive fall in the share-price whereas a more pragmatic approach might appreciate a more than eight-fold increase in little over four years.
Perspective.
They were processing top ups manually before v2 which would obviously limit the number they could handle... perhaps they're just making sure everything is running smoothly before trying to attract greater numbers???
Who knows.