Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So we've received offers and it's to a premium to the share price but obviously the directors think we have more value doing it alone and not necessarily need funding straight away we can do this on our own
Oh that makes sense, surely there is something out there to bridge the cashflow situation, I don't know why banks aren't prepared to borrow and secure it against diamonds, they have loads in the ground and must have enough value to secure.
Just been thinking this afternoon please correct me if I am wrong: Currently we are selling diamonds and have revenue so we must be close to profit each month selling these gems? So this funding is purely to ramp up so we sell more diamonds and make more profit? If we don't get the funding its not the end of the world it will just take longer to ramp up gradually and pay off debts?
Afternoon All. Do we know how much Igas will be in breach of the bond covenant? It seems ashame for them to have to sell the producing assets as they are covering costs etc, could they not sell some of the bonds they own? What impact would this have? Also I would be willing to purchase more shares through a rights issue if needed as the potential here is huge!
Proposal Great suggestion put me down for 40,000 shares
Surely this RNS is just for info purposes as if they are selling the shares onto other people it won't drop the selling price?
Can someone advice me on the best outcome from the meeting today from the bondholders? What will increase the SP? What will decrease the SP?
Afternoon All Am I right in thinking the big news today will be the Bondholders meeting? Then in Nov is the adjourned planning meeting again?
Thanks Diasan Majority of my shares are oilers and miners so wondered if these would increase with higher inflation
Random question I don't know the answer to. What affect does inflation have on shares if any? My initial thought was it would increase the value of them??
Just topped up again hopefully the mine will get a good offer plenty of diamonds. If only they issued us shareholders with one of those big ones
What price would people be willing to accept I'm at an average of 3p a share
I topped up on Tuesday and again today buy the dips. They will get the finances sorted just a waiting game
What did you make of the trading update?
You've done better than me, I'm averaging at 35p I can never time the buying right
Morning Yes it is quiet here I've got a small holding here as well Hopefully the business can turn itself around
Afternoon, I've come across this share from another board post and I have read the latest set of results, they seem to be doing very well. Would any long term followers be able to inform me of what the company is about and what news are due out soon?
Morning I sold a third Thursday just incase but I'm pleased with today's results, dividend maintained and no nasty surprises really like this share hope it does well for everyone
Diamondguru I'm in at 6.3p, do you think this will go up once a new investor comes along? I've been looking at the accounts rns, am I right in thinking that this year is the first year it's made some revenue?
Evening I'm down on this share 60% wondering whether I should average down however I'm struggling to understand why this share has dropped so much? I'm a newbie investor and if anyone can advice it would be much appreciated.