Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
all that talk about the price being dropped from 12p to let them in at 10p... in hindsight it's funny just how very, very wrong 90% of the posts on here have been since spudding started back in october last year.
got some covoluted funding package that feels like sandabel and shorting vehicle to smash the share down once more... now looking for £7mill to take the drilling down to lower depths and 'riches beyond your wildest dreams' when they just rasied £7mill at the beginning of the year to drill for 18months of 500bopd... that story has now been deleted, like a russian revisionist historian and 'onwards to the new glorious day'... turner pope investement presentation will tonight tell nubie hopefuls that this price of 4.5p (imo) represents a golden opportunity... no mention of pi's and ii's that invested at 20p+ since ipo.
sefton really is an ace bser... but i think wassatt has always had that opinion... but not sure what it's based on (was sefton resources him too? or coincidental names?)
i'm guessing, safetrader, that you haven't been in since ipo? if you had then i reckon you'd be more than pished yourself... the very idea that you think i'm part of some orchestrated drag-down instead of a long suffering pi tells me all i need to know about how recently you invested?
i would think that this is the perfect time to show how outraged ipo-mugged folk are... just a shame i live nowhere near the presentation tonight... but i'm sure it'll be painted as the perfect opportunity... now that we've all been thrown under the bus!
still, better times in 2020, eh!
any number is just pure guesswork and a punt that it'll be higher at some point in the future...
until this starts to iron itself out and see some of the plans reveal themselves properly i can't see why anyone would buy this at anything close to this price.
one has to wonder how low this will go and wtf the details of this funding will do to the sp as they unfold.
this is the new nuog on the block!
gla.
the funds that sandabel were supposed to supply. £7million and no word about how they spent this money that was meant to bring us into profit for 18months...
amazing how it gets brushed under the carpet or just deleted completely as if it was never a plan. has there ever been an explanation for how they spent that cash and did fu** all with it except dilute and bash the sp and waste 12 months...
the worst management decisions i've seen in a good while.
only way to make money here is to be buying cheaper than the new shares issued value... and, even then, with shorts being allowed one's never sure whether there's more in it for the ii's to crash the sp than wait for a rise.
miserable day... miserable chairmanship by sefton and total theft of £7mill raised on the backs of pi's to go into production with mengo.
no idea why people take such pleasure in misfortune... bragging rights shouldn't come at the expense of other's losses.
grow a pair and have a bit of humility... or take it back to advfn where you can all wallow in each other's scum...
and, even with WDC, i think it's more the possibilities of the ad agency rather than sefton's invovlement that is the positive there...
(as a side issue, sefton resources was nothing to do with him, was it? or was it?)
i remember SXX taking £5mill from them at 0.57...
hate it when an rns references the 'flexibilitiy' of a loan like this... the flexibility usually means forcing the price down...don't recall this co ever being a good fit with a rise in sp... little doubt that, in the short term this'll be below 5p... not keen on holding in the v short term now... think i'd rather sell now and, if push comes to shove, buy back nearer the time some good news might actually be released. but reckon there's months of drift and nothing to come.
gla.
why do people decide to take credit for being such a soothsayer when, if you read any bb of any share you'll see comments across the spectrum from 'this is doomed' to 'i'm going to die from cocaine and hookers from my profits'...
do folk actually think their opinion is so solid gold that they're not embarrassed to post 'i did warn you"? if anyone who posts like that would also like to list all their investments, i'll be happy to see how many folk posted the same warnings on the shares they've held through a decline in value.
have a bit of self awareness... you're not all that... if you were you wouldn't be wasting time posting on an aim bb.
vox b**gered for second day running, with no prices and no trades... running around using sharesmag but their watchlise is painful as you can't repop in order of %age changes.
anyone have a preferred pf/watchlist?
apologies, sardy... eyes too blurry first thing... in that case, yes, i agree... every 10% until it's proved up... but at least thee'll be some joy on the site now, from all the new 5p investors... the rest of us will join the curmudgeon gang, of which i'm chair.
gla...
"se;;ing out at on every 100% rise"... i laugh at your related optimism, thinking that all those new shareholders are going to wait for a 100% rise before they sell.
only folk waiting on 100% are... everyone who currently hold... only people looking for 400% are anyone who bought into the ipo... and still we're only at the 'seek to produce from it'. and still no mention of the £7mill we raised only six months ago... has been a fu** up since it first began... and all those people who got 'let in' at 10p must br cursing all concerned too... yet another 'jam tomorrow' statement... and mengo now all but forgotten.
still, might get back another 10% of my losses sometime in the next couple of months...
gla.
it's easy to be cold about a share one's no longer in... equally easier to say lower before higher... imo.
get the feeling you should've waited...
yup! a few more of those £5 investments and this'll be back at last night's prices, no sweat!
good grief, how do these companies survive when the one thing they need to do they can't do? what's the replacement bus service version of supplying market info?
i don't keep tabs on this bb anymore so no idea if this relates to something you're discussing?
so what happened to the £7mil raised at the beginning of the year to bring mengo into production?
hi moljen, you been here a good while, now. horrible thing about the potnetial to drop into the 3s is that chancers get in, make 20%, pull in others who think a bagging is on the cards and then you get yet more lthers in the making, waiting to average down on the next drop...
bloody horrible share, horribly incompetent ceo (or else very self-motivated at everyone else's expense) and a horriblenear future for this...