Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Its a very non-committal RNS that seeks to simply bury the fact that the accounts are going to be late and there is no cash.
Fully expecting the shares to come back to the market with some hefty dilution involved as the only way to clear the debts would be to offer out shares in the absence of any actual money (Unless someone is going to buy Coos Bay for the £x millions sunk into it?)
2p - maybe.
1p - no chance.
We are only a few days away from 2023 results which in theory should be positive given what was covered in yesterdays RNS.
A reversal back towards 3p wouldn't be surprising given the news cycle and trading patterns in January and March. We also now have the benefit of Board Members absorbing a volume of shares in recent months and I doubt they will want to take a kicking on a big drop.
Somewhat of a harsh response from the market after what again appears to be positive news (and the dangling carrot of results and shareholder presentation).
Yet again the MCAP is worth less than the value of the secured business and ten times less than the business that has been quoted for!
Someone must have been loading up earlier in the week as I was able to get a quote to sell a decent volume.
Take a look at the RNS on the 7th March. The Bod set an exercise price of 5p on the share options issued. It gives you some idea of what the BoD are aiming for! (hence why the volume is getting absorbed pretty quickly every time the sellers are willing to offload a few shares).
Nice little dangling carrot for Shareholders" The 90 acre growing site is one of the clients larger sites with plans to double it's size"
Just shows the scalability of decent agri tech and #LST clearly have some mega products that work.
Blimey. I'm a few days late to the party but this looks promising (or at least better than nothing). Why would the BoD appoint a new broker? (in particular now, after years of.......nothing)
Its nice to see an appointment with some skin in the game, plus what looks to be a nailed on strategy. Time will tell but its clear that the BoD are confident of some significant growth (see share options and exercise price given).
Interesting trading going on over the last few days. Lots of small retail sells getting hoovered up by £5k (or more) buys. MM's also seem happy to take decent volume on dummy sells so I wonder if we might see another TR1 at some point (all speculation of course but it does seem like one of more buyers see good value at these levels).
Hi Techtonic.
Both good points. I agree that the contract news has been a little underwhelming. Its clear that the business is growing but I guess new investors are looking for some real big ticket wins (hopefully the wait wont be too long).
In regards to their cash position, I would be surprised to see another fund raise. The whole point of the Tom-Tech and Fire-barrier acquisitions was that they produce income from the off to avoid the BoD coming to holders with cap in hand (Although I could be completely wrong)
Happy to hold and see how things unfold.
It looks like someone is accumulating shares again in £5k chunks after seeing the trading update.
BoD are clearly confident of a nice jump into profit this year and the order book is worth significantly more than the MCAP.
As far as I can see it. If you are buying at sub 4p you will do just fine in the next 12 months.
Little tree shake pre news or retail traders selling a few shares to fund Christmas shopping?
In my opinion there is no good reason to sell given the last few RNS's. In fact I am bit surprised that the SP hasn't risen in anticipation of the next trading update.
Another cash generating acquisition that helps build a healthy balance sheet.
MCAP still sat at a very modest 10.8m, presenting significant upside for new investors looking in. I am surprised we are sat at the current levels (circa 3p) given the news has been tip top in every RNS over last couple of months.
Movement has been very controlled over the last few days despite the massive vote of confidence from a well known (and rather successful) investor.
I get a sneaking suspicion we will see similar to what happened in July when the brakes came off and the SP gained over 200% in 2 months. It just needs the sellers to dry up for a short while.
Anyway. Massive rampy post over :) Have a great weekend everyone.
Another Holdings RNS showing that Dr Graham Cooley has continued to build up a significant holding.
I'm not sure whether its Crux (Lansdown) or bored retail holders selling up but they have done Dr Cooley a massive favour in the last couple of weeks.
Some very modest volumes being traded over the last couple of days despite yesterdays RNS which I think is a great vote of confidence in the business.
Being selected to take part in such a study is one thing but the fact that the research is delivered over 3 years indicates that the funders believe in the future of the company (with significant due diligence completed to make sure of it).
At the 52 week high of a little over 7p the MCAP was sat at circa £25m.
#LST is arguably in better shape now than it was 12 months ago and presently sits on an MCAP of £9m.
Even if accounting for the additional shares on the last fundraise/subscription it still looks like good value (as a buying opportunity at north of 3p).
My question is, at what point does it start looking not such a good buying opportunity (5p / 6p)? Where is the tipping point?
I may be wrong but I don't think they have to declare a position once below the 3% mark. As a result, its just a case of waiting for the SP to move more freely. Really looking forward to seeing what happens when they are gone!