Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If they have received cash it is over and above the 8.3 million shares they have, so not sure what your point is. There was a lock in period initially which has passed now, but unsure if that still applies to the recent ones issued.
Totted up Geodrill shares allocated to date comes to 8,380,330 or 2% of the company. Based on say an average of 15p, that means they are into IRR for
£ 1.25 million. I don’t know how big they are or how much cash they have, but it is a lot of money to be outstanding. Would have thought they would have sold some now.
and to go with that there are the warrants.
Geodrill have a hell of a lot of shares at around 13/14p going back quite a while now.
Would hope for newsflow to start next week and we don’t revert to long periods of silence again. I am not blaming SNG because I don’t have the facts but I still can’t get my head round why it took so long from July 20th to get here, especially now the severity of this disease has happened again, which had been forecast to happen. This should have been out there now saving lives.
This company sure knows how to kill momentum. Done it quite a few times now these past few months !
Been here a good few months now, so at least in profits up to now. But My experience here so far is all these presentations and news flows seem to quell any significant progress. It has done a lot of the talk, now needs to walk the walk, which seems to get pushed back every week/month imo.
Bozi, no problem I know it wasn’t meant as advice. I think it is borne out of sheer frustration with this. It is without doubt the most infuriating share I have held and I am not pointing the finger necessarily at the bod, although they have swapped and changed direction a few times. And I never thought I would see the day that they would raise at 7p. Just sick and tired of the same old pattern when good news is released. Oh and our once ‘small free float’ isn’t anywhere near as small as it used to be. Roll on quarter 1, it’s got to change one day!
Bozi, I will take that on board. The next time it gets to 20p I will dump the lot then buy back at around 16/17p a few days later. Sounds easy doesn’t it.
You're right, nothing ever changes does it ! get a bit of momentum going , put an Rns out which incidentally are most of the time positive ones, then we get the constant sells driving it down again as you say. Been like this for years !
fizzled out again ! soon as it got near 20p the sell off started again as per usual, just like the last time when we hit over 20p.
frustrating, but seen it so many times here.
I read this board every day, every post. Surprising how besides the fantastic researchers on here and then the derampers, there are some other ones who pretend they want SNG to do well at the same time subtlety derampimg without being to obvious, ORG imo is one of those.
I’ve been in for quite a while at under 60p so not impatient more frustrated I suppose.
Never known anything drag on like this, it’s like Groundhog Day at this time every morning.
Good post ShareSting. I must admit I was getting worried when we dropped into the 140’s a couple of weeks ago, but chuffed to bits to see it back over 220 this week. But given that I still didn’t really know which direction if any this was going in. For me if it drops tomorrow so what, at least now I know what the plan is and soon enough if all goes well we will become an household name around the world. Got some clarity tonight which can only be a good thing.
Hi Farquar, thanks for the calculations. Just picking up on the point made by Wlaw, is the figure of north of 5 million ounces as stated by VM for the entire area of Zaranou or the actual areas that have been drilled. Thanks.
pretty hard to work out what are buys and sells at the moment. There some pretty round high figures going through. Given the sp is not really moving much either way, I am guessing they are more or less cancelling each other out.
earthing i have never been out of here ! I just made a decision not to buy anymore that's all.
maybe earthling, but they are not all buys, the 35,000 @ 14.20 looks like a sell at the time posted.
nice to see you on SNG this morning, i'm in there at around 42p, looking good.