Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Even generous assumptions assume no risk from competition, a continuing pandemic, and consequent mask wearing. Most here cannot look objectively at the probability of mask use continuing indefinitely because they consequences of being wrong about their assumptions are unpalatable, however after listening to Antony’s interview it is clear that mask making is a sideline for RMS - why would they take that view if it was the money spinner so many here believe it to be?
First, the current market cap.It is £40m or so, suggesting earnings of ? Applying a pe of 15 say this suggests net profits of 2.5m this year. But there are only just over nine more months to run and there have been no sales so all of that profit will have to generated in nine months. £2.5m of net profits would indicate £25m of sales - 10% net earnings on sales is quite a stretch for most activities. But even on 20% net margins, sales of £12.5m over the next nine months would be needed. How likely is that?
I rarely post because like most intelligent grown-ups, I despair at the puerile rubbish people write here. Any attempt at objective thoughtful analysis is rubbished within seconds by morons. I am going to make a serious attempt to start an adult discussion about the value of RMS and see where it goes - hopefully I’ll be proved wrong
.05
JH has hung you out to dry, if the old bod were crap why has the shareprice tanked since the putsch?
a bear
Moron it’s you’re
Wb20, a lot higher than this miserable and forlorn share price that’s for sure. The warrants were the only reason for energetic holders to drive the price above 2p, now there is zilch to justify the barmy market cap of £30m
Post numbers here have been sharply falling for some days, your misguided choice of leaders, John Hall and Lottohopes have led you nowhere and have now deserted you, having started a share price avalanche at 3p. You’re well and truly on your own and left holding the bag when you could have sold at the same price as PR for weeks after....though not now
Egremont and Lottohopes hee-haw
We’ll never know for sure but shareholders probably threw out the only person capable of recovering the situation. The warrant hysteria was irrelevant to the problems which needed to be dealt with. The share price has continued to decline under the new board and let us pray things will soon get back on track. Lottohopes seems to have been a false prophet though, and where is the rascal hiding?
On the 11th January, the day of the announcement of Board changes, the share price was 3.05, and it traded above 2.5 for most of the following month. Braveheart received an average of 2.66 for its shares according to the RNS on the 18th November. It is now at 1.6. Lottohopes, Egremont - what did they do for you? Any holder here could have sold at around the same price Braveheart sold for over the weeks following 11th January but that you didn’t and why you didn’t would surely benefit from honest discussion?
I have watched the utter stupidity of the people here (or mostly bots probably - has anyone else noticed the regularity of posts, carefully spaced every two or three minutes throughout the day), about the warrants. The only gainers in getting the share price substantially above 2p are existing shareholders the same people who are allegedly voting against the warrants being issued. But only the fully loaded warrant holders have the power and motive to drive the price way above 2p......the Board are totally indifferent to the outcome, they are not shareholders and the share price is irrelevant to them - think about it
There used to be posts every couple of minutes by a boiler room operation. Now we’re down to 300 -400 posts a day and the volume of shares traded each day follows a similar trend. You (if there are any ‘you’ genuinely) will see how credible this view is by the moronic responses to my reasonable post.....
It is a little surprising that many here believe Gareth is aligned to the rest of the shareholders on warrants. His interest is to remain the sole shareholder with a significant holding. Worth some many millions of pounds. Thoughtful PIs might wonder there are zero other notifiable holders, but voting down the warrants allows Gareth to stay at 15 % and is otherwise immaterial to anyone else.
In the Braveheart 2020 accounts P2F is valued at £500k. Gareth‘s 48% would have been therefore been worth about £250k. It appears that even this valuation is after Braveheart put in a load of cash. So Gareth has gone from £250k to £8m in about 9 months...not that he paid anything for his shares in the first place...how many others here have a 32 bagger in RMS?
Gareth’s shareholding is worth more than £8 million pounds. Not bad for a business which he sold his share for around £1 million a few months ago. Many people have sought to present him as some kind of victim when the truth is vastly different. You are certainly not aligned with his interests
In the Braveheart 2020 accounts P2F is valued at £500k. Gareth‘s 48% would have been therefore been worth about £250k. It appears that even this valuation is after Braveheart put in a load of cash. So Gareth has gone from £250k to £8m in about 9 months...not that he paid anything for his shares in the first place...how many others here have a 32 bagger in RMS?
He would say that wouldn‘t he...
Gareth’s shareholding is worth more than £8 million pounds. Not bad for a business which he sold his share for around £1 million a few months ago. Many people have sought to present him as some kind of victim when the truth is vastly different. You are certainly not aligned with his interests