Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Placing of 40,833,333 Shares at 6 pence per share with Trevor
Brown subscribing for 17.5 million.
Current shares in issue 11,291,459 + 40,833,333 + 17,500.000 = 69,624,792
Trevor Brown current holding 3,333,333 + 17,500,000 + 20,833,333
So he will remain just below the 30% avoiding triggering a takeover.
If you have one virus you are infected - fact.
I congratulate you on your efforts to spin a negative out of every
snippet of information.
It is becoming ever more difficult and my advice to you, is keep
your Avacta and buy some Braveheart.
Diggett - Hypothetical Question
This Director knows things are going well with Eli, who are now bringing back more staff
to their labs.
He does not know if Eli will sign the agreement or bid for the Company, they have said nothing
officially.
Can he buy shares in that situation.
I say Yes.
Anyone who holds SYME and comes on here spreading doom and gloom
has my sympathy.
Anyone holding BRH for more than a few days is likely to be well rewarded.
SYME's Business Plan was superb.
Float valued at £227 million, huge Social Media Campaign, suck in huge mumbers of
Private Investors.
Then £224 million of value evaporates.
The suspension caught them before they had transferred all the worthless paper,
but I'm sure they won't be to dissapointed.
They will hope to relist to complete the transfer, however SYME is unlikely to relist.
Anyone who holds that obvious s___ SYME is automatically disregarded.
That said I think some of the high numbers being banded about are
unlikely.
Some large Company will take this out and roll out the test.
Given the resources required and their need for a significant return, for the risk taken
we can't expect all the reward.
Either licencing from Paraytec or an outright purchase of the Company with a
juicy Dividend coming our way.
Thought I would post here as no one has and thankful I have never held these shares.
New one for me, a share currently Suspended pending Publication of overdue Accounts.
Suspension was on 4th January 2021 at a share price of 7 pence.
As I understand it an old fashioned foundry business with a Pension Deficit
and at 31st March 2019 £4.2 million of debt.
Since then things can only have worsened with Covid and the recent loss of a
Major Customer, Borg Warner.
Then on 19th February 2021 Trevor Brown stepped in and settled the Charge on
Land and the Phoenix Foundry at Lichfield.
This will leave him just below the 30% threshhold, requiring him to bid for the
whole Company.
He will join as a non Executive Director.
In the days ahead it is clear they will clarify that the Company can be saved and
if so, seek to raise funds in the Market.
The lateral flow test developed by Yorkshire biotech firm Avacta boasts a higher accuracy than American devices currently imported in huge numbers by the government, but is also much faster.
As I understand it these lateral flow tests often give a positive result on fragments of the virus.
Someone has had Covid and recovered, is no longer capable of passing it on, but there are
fragments of virus still present.
Our test will only give a positive result in the presence of a complete virus and is
extremely sensative.
So a person tested may have only just been infected, has a low viral load, increasing
rapidly and is infectious.
A vastly better test - if it works of course and that is the risk.
I see i bought 10,000 Braveheart on 15th June 2018 at 19.4 pence.
In August that year I bought more at 16.6 pence.
I believe the Market Cap was around £4 million and with a 2 pence spread
I sat on a paper loss for a long time.
There were weeks with no trades and no discussion, it was unloved and unoticed.
Now we have more posts in an hour than a whole year previously.