Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well I hope the guy enjoys his sandwich :)
My FOK just processed so that's the last my top-ups done before news. I did not think I was going to be able to accumulate so many shares at this level (31m). Nice one JN for keeping the ship leak free!
Somewhere between "imminently" and "later" :)
Provided the email comms was legitimate I see no reason for the BoD to use the word "shortly" unless they intend to share something within a week.
One thing is for sure - They are running a water-tight ship as there does not appear to be any buying/selling to indicate the outcome of the trials.
I thanks that's equally one of the reasons why so many investor's are confident of a big result with the arcadia trial. It would be astonishingly stupid and out of character for Mr Normand to bet big on a single investment and not have other irons in the fire if things didn't turn out as planned.
Although there has been a bit of selling this morning there is clearly plenty of new investors dropping in ahead of news including a few buyers taking sizable chunks. If we break 0.1 then we should see a real charge upwards ahead of news.
If the good news we have all been expecting lands in the next couple of days then who knows where the share price will land!
I can buy £10k's worth on II no problem but I cant offload more than £5k's worth. That suggests to me that someone is selling up, however, there seems to be plenty of new buyers coming in and hoovering up what's available ahead of news.
Sadly the spread continues to be ridiculous, which naturally does not help the SP progress despite the MCAP looking very low.
Fingers crossed news is on the horizon as it is getting a bit boring. Patience is the aim of the game.
Regardless of who is or isn't allowed in the SAG I hope it has some form of impact (over the last few months the BoD have been a joke). I fortunately resisted the urge to top-up so have a fairly small holding. Unfortunately that doesn't stop the irritation of the 30%+ loss I am sat on.
Good to see shares changing hands above the 0.08 mark today. IMHO its still way under value -
Value wise the we are in a similar position to that of when we didn't have half of the existing portfolio of profit making investments (some have already produced cash) + SGS on board (with news due any time now).
With a decent tail wind we should already be trading above 0.1 in anticipation of news. If good news lands it could be 3x that value or more.
The fact that they have published such information is a good sign and shows both parties must be fairly confident that a deal will be struck. Let's just hope it's a good deal for current shareholders that have been sat on the sidelines for months on end.