Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I notice a lot trying to spam this board right now.
I don’t post here often. The initial response to my first post here today was immediate trying to close it down by someone who hasn’t posted for 30 days talking like they post here all the time? Strange?
Almost as if they are trying very hard across multiple platforms and accounts to smother this because they want to close shorts etc as if they are worried on incoming potential blockbusting news. Game changing news!
The problem with this whole ethos here is TB is far too particular with the high end mantra of this very simplistic product.
The only way these type of brands work is large turnover and smaller margins.
If it was a fine whiskey or something more substantial then I can get the high price but this is just a mixer and they simply are no better regardless of what they state than Fevertree.
I simple do not care if it’s got the juice of some rainforest berry only found in a particular mountain far far away when it’s the basic taste and price that really matters when I buy it to go in my drink!!!
It’s just never going to work! On this current price platform and exclusivity scale.
Fevertree works because it’s nice good product well branded and much cheaper product.
I realised end of 2022 that the expected profit forecasts were well out and that the likelihood was that they won’t get profitable and the earliest this company with a growth platform which means it needs to invest its profits to grow meant it won’t succeed.
They cannot scale the business on this exclusivity direction fast enough without a lot more cash injection.
So here we are once again at a cash calling. TB only brought the listing here to UK as they were informed it’s the best place to raise money on the market.
Problem is the market is tight now and these companies have been seen too many times using the UK stock market as a cash cow.
It’s been done to death this scenario and this company is sticking out as a rinse and repeat cycle.
It’s astonishing really that they can get away with asking for more cash.
It’s going to fail. That’s it!
You cannot say you were not warned here. It was obviously going to sink anyone still holding the baby had plenty opportunity to cash out higher and wait. Any raise here will be substantial discount. Holders will be heavily diluted and probably CLN’s will be included to protect the loan of cash. Still heavy sell here for me until probably 0.3 or lower.
Really and you KNOW WHAT?
I know this is going to need money ASAP as that’s how it works without income support 😂
They need to raise during and AGM as it’s main market.
Thats the problem with these companies. They fall into the AIM trap but not able to raise like a NOMAD share as it’s stricter.
Massive mistake for this company. Could raised a lot more when they had opportunities. Now it’s desperate survival levels.
“Robbo666
Posted in: NFX
Posts: 215
Price: 5.35
No Opinion
RE: NFX21 May 2020 23:35
Just to balance things I am happy with my large holding not topping up averaging downetc. Just confident in the technology and having patience. Sometimes sitting on your hands is the toughest thing to learn. Believe in what you researched.”
The fact is they have zero capital to last the year. They have AGM coming up which is exactly where they will capital raise. The pitch in December will have been for that. Dumping of stock the other day. Get ready!!
Oh and the fact posts are being asked to be removed tells you exactly how worried people are. Simply you can buy in sub the placing price in next months raise.
PLACING DILUTION!!!
At this point with zero income zero past history to use for support. No CEO No office base (Oh yes virtual lol 😂)
For a placing investment to understand what it is they risk giving say £500,000 for, is um just not happening at this level. Without leverage this is finished. How many months have passed with absolutely diddly squat!!!
Oh they spoke to someone!!!! Oh we have interest.
Mmmmm they have had interest since 2017!!!! This ain’t going anywhere soon, that’s the problem. No income no support hard to lend cash to at such risk levels yet cash is burning 🥵
I’d be very surprised if they can get anything above 0.15p this time as placeholder has to exit and if they are pitching then you know it’s 12months plus required and I doubt they could get another done if this next raise fails like all previous ones.
Sadly form here is bad trend is bad directors are a joke.
Who would mess with this mess.
Money is running out rapidly and only one option either sell for peanuts or raise peanuts. My guess is the later.
The size of the placing here to secure this business moving needs to be well above 1 mil for next 12 months and that’s not including growth capital requirements.
Just operating costs.
I’d be amazed as mentioned before if they can raise such figures above a huge discount and the old caveat of huge amount of options also. The dilution will be hugely destructive to current holdings without offering warrants to holders.
Stay totally clear is my guess until this unfolds as you can buy in at any time if this business shows any light of survival. The basic outcomes from this position is sale at discount to cover creditors.
This is just a disaster
From trying to be a sleek professional company to a complete basket case of failures.
Stay well clear now. Heading to bankruptcy if TB doesn’t buy it but I think he is also broke from this mess.
Of course they will dangle any trade news as tbh all previous have failed to hit targets. US failed bottle plant failed UK???? NZ is all small areas even NX air is at what price????
Hotels are not national large deals. These are micro deals and if you look at the books and forecasts they were never going to hit profit till even 25/26
The business plan fails. Product is good but absolutely no better than Fevertree.
So what are you paying double the price for exactly?
Buy Fever end of.
Failure, sorry and it’s Tony B’s obstinacy imo too stuck up in high end thinking.
There will be a new Low in SP coming now. This will sink hard. If I had anything left in it I would be taking it all out. Even if I wanted to stay I would be out now and buy back double with what I extract now after it settles perhaps near 0,5p