Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We all knew from previous RNS that shares would be issued. It just came a bit sooner than expected. Yes there are billions in issue? So what? The sp is a fraction of a fraction! There is still plenty of room for this to get to 0.25p on current shares. News to come in and we all know this will come back in. I bought in yesterday at 2.7. I could panic and bail out..why? On paper a big hit but just wait and this will come back up with pending news. I'm not a ramper just a realist. Hang in here and price will come back up and then make a decision, absolutely no point to sell now if losing, unless it is absolutely horrendous news. IMHO
I think this indicates a placing of shares shortly after 29th. The wording states 'rapidly accelerate exploration' hopefully this will mean deeper drill on the back of these deep drills? Something positive suspected from these current drills?
Why have we got this RNS? Thoughts?
Renewal of share authorities
The Company is seeking shareholder approval to renew its share authorities to allow directors to issue up to GBP250,000 of nominal value as ordinary shares in the Company for cash, on a non-pre-emptive basis. The Company is seeking to do this as it believes it is prudent to have sufficient capacity to raise funds at short notice if the opportunity arises. The Company has recently raised sufficient funds for its current exploration programme and the new authority is being sought to provide flexibility for management to rapidly accelerate exploration activity and/or new project acquisition opportunities should this be required in the future.
Thoughts on this in today's RNS?
Renewal of share authorities
The Company is seeking shareholder approval to renew its share authorities to allow directors to issue up to GBP250,000 of nominal value as ordinary shares in the Company for cash, on a non-pre-emptive basis. The Company is seeking to do this as it believes it is prudent to have sufficient capacity to raise funds at short notice if the opportunity arises. The Company has recently raised sufficient funds for its current exploration programme and the new authority is being sought to provide flexibility for management to rapidly accelerate exploration activity and/or new project acquisition opportunities should this be required in the future.
Good news from GB on twitter.
https://twitter.com/gjbrandon/status/1301765593587167233?s=19
Interestingly, in the last video stream on Rockfire webpage, gives an over view how accurate the deep drill test is. An explanation how 6 metres of depth is tested and analysed.
This I believe is to reinforce very good news to come. Have a very good hunch.