Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
September volume was 26M shares. I think it was quite possible to sell.
Well, it is sad but this was expected for some time. I hope you could sell all or part of it. Especially Dallo.
I think the first time I said 0p was close to come it was trading at the 6-8p range, and some people here told me very nice things about that, as usual :-)
Look, now it is a 10 bagger, but inverted. 1/10. Making money is very hard, that's why the first thing is not to lose it
When I sold I never though this was about to happen, they definitely did the best execution possible over these 2 years (irony), and also macro pushed more.
Why to mention? there is no cash haha. But they say going concern… come on
0 is around the corner
Yea pbx I could sell it all at 0.26 but still I lost alot of money from my 0.8 av price, cause I was obsessed and didnt want to assume the facts and the reality when it was the right time, so it was deserved loss for being stupid. Not performers need to be cut fast. Silc/chl also disappointing. But some nice runners too, Ctt, Shelly group, IVX over the last year.
What a joke. 0 is coming closer…
I bet not even growth YoY
First good decision in years. So sad they didnt listen in dec 2021. GL to Mark in the future.
Dallo
GL
When I knew 2yr ago that the mgmt was spending their time reading this chat, they knew perfectly about everyone, it was a clear sell. They should have been busy!
Dallo
just sell and move on. You can still save 2p per share.
Dallo
I have no interest here. But I know there is people behind so I would prefer good things happening.
Dallo
I don’t see what you claim. I see a company wo defined business model (they changed it so many times lol) going out of cash and that lost investors’ confidence.
We will know soon.
Cash
aany guess of which is the company’s net cash position at the end of H1 23? My optimistic guess: $2-3M. Any view?
Not even able to maintain GMs, GP down significantly YoY and little cash balance (ergo the raises)
A lot of work for this year if they aim to survive
With 9m$ Rev only remotely maybe (they need 100% GMs and -15% in opex) could become CF+. The problem is that they never hitted any target they gave.
01234
I am not happy with this output. You should remember that. I was believing in them. I had alot of my (friends and family too) money here but there was always something that didnt smell well and overnight I opened my eyes and sold everything. I tried to tell them of what imho wasnt working but no changes were made I think.
ENET was similar to PBX.V but in that case I couldnt avoid the slap on my face and indeed it was obvious. No one is perfect.
Hope mgmt will find a solution for them and the company, at the end of the day we are all imperfect humans with emotions and personal targets.
This sector is very very hard too. Im sure mgmt did their best.
No worries. I dont think this is investable for me, it hasnt been since I sold, but I am always willing to change my mind. But a lot to see for that to happen…
Difficult not to post after all that happened here
At the raise announcement Levi says they have derisked the investment case. LOL
Telling me that I was stupid***
Dallo
Welcome to the reality. After selling I continued my deep DD and I could only find that this was looking as bad as it ended. I wanted to contact you but, unfortunately, I saw you didnt want to open your eyes. Only a few days ago you were still dreaming.
I dont blame you. It also happened to me in the past with other companies where I lost alot. Sometimes we are just attached to the past and an illusion. Our biggest risk. Not adapting as info flows
The biggest red flag was the guy responding to emails. He was just scaring any new potential investors. I have never found anything similar in another company. He wanted my money and at the same time was blaming me for being stupid.
Dallo
are you really broke? Hope wasnt the case.
This was not and never a fraud. Please. Everyone has to assume its own responsabilities.
This was a startup company that (seems) didn’t work out (yet? xD). Management couldn’t do any more, but investors lost money because the risks that they were taking exploded. Fair. This is life. You take a risk, sometimes u win sometimes u lose.
Only thing to blame here is execution and the poor projections given each time. Not a single projection was met (correct me if wrong) and always the story was: huge rev growth projected for the next year, but H2 weighted. H2: ouch delayed. With many many projects that were announced and we never knew anything more again (china, india, upf, fpga 5g, DUs…) but always some new technology was coming. It was a traded startup that didn’t find its space?
My question is if after today’s raise any other raise will be possible. I speculate no. But unsure. Just my opinion. $1M appears to be less than 6mo of cash. But they continue to speak about FY24?
Tracy lied lol