Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Does anyone know if they would have had to disclose this to that company that they recently bought with shares?
If so that company still went ahead and accepted shares. I suppose the positive from the discussions we were having the other day about a funds raise is that whilst Adonis has taken a lot of the risk, that only covers about half of the raise so those covering the rest must have confidence that they'll make money.
The minuses here are that sick feeling we have today, plus no one gives you a valuable asset for nothing and you all become millionaires.
The plusses are that people with more information than us are still supporting this and expecting to make money from it.
This could be no more than a delay or it could be the scam that it possibly was all along. I think this may be a delay and there are enough people who still expect (rather than hope) to make money so this is a setback rather than a disaster.
Thoughts?
Good point.
I suppose one positive of an equity raise is that people would have been convinced that they are going to make money on whatever price they lock in at.
We all want to make lots of money out of Chariot, we can only do this if the share price goes up. The share price only goes up if there is good news and at the moment there is now news. No news casts a cloud of doubt, doubt makes us feel uneasy and start to think about our darkest fears. It certainly doesn't make us patient. We then think. look at the past, is this a scam, has there ever been an actual achievement from Chariot and will they ever actually turn a profit. Will we ever get to collect the keys to our new Bentleys ? Probably not as if this was really such a sure thing then more people would be in here and the price would be higher or are they just waiting in the wings for good news and then they''ll pounce. This and MATD have pretty much quadrupled in the past year so its not all bad, The news will come when the news will come but until them we are children and it is 4am on Xmas morning and our parents have just told us for the 3rd time that it is too early to open our presents! GLA
If the delay really is over 10% then presumably agreement is close, Hope we have not been screwed down too heavily.
This week last year there was an update on 1st May relating to the y/e 30th April so we can't be long before an update on the year end and if they made good on their half time catch up promises there should be a leap.
Buys were sells on matd and jog yesterday as well
I see the 5k I bought this morning is showing as a sell.
I see the 25k I bought this morning is showing as a sell.
I see the 100k I bought this morning are showing as a sell.
So we are averaging an operational RNS per month since December but none of them have the news that most are waiting for. Do you think there is going to be one big bang RNS that sets everything of or is it going to be a trickle of information via a series of operational achievements over a period of time. If you think 'big one' what news is that going to contain?
Agree, The market pullback will prob be Q4 or whenever QE stops ie you take the stabilisers off of the bicycle! Hoping these boys have their news before then.
You wouldn't accept shares that are likely to be worthless for your business so this does look positive way beyond the slight dilution.
April does tend to be a positive month except in 2018 when there was bad news!
Didn't come across as all that positive - lots of drag on profitability and reduced production. Entirely reliant on the basket which the major banks predict will fall in the next 3 years, What did anyone else think?
All this stuff is new to me So I take it it is on all new transactions not retrospective? If retrospective I guess thats bad and price will fall otherwise not much impact?
Buying in to qualify would be an odd thing to do given the share price will go down by 3.75p when it goes xd.
I guess though that the windfall dividend at say 1.6p would have given double the return at the share price at the time of its announcement to the price now. Personally I am not worried about a dividend as it comes off the share price anyway and am much more interested in continued share price appreciation. Consequently I am much more interested in their future plans and the impact on the share price than getting 1.6p in cash and the share price going down by that thus making me net zero.
There is certainly something about the acquisition of Lixus / Anchois that is out of the ordinary, I just don't know what it is. Other warning signals are that Simon Thompson gas this as a buy but did not include in his Bargain Shares for 2021 which he would have if it was such a sure thing as some would have you believe. Finally Chariot have only ever disappointed. Against those dark clouds theres still plenty to be positive about - it's just hard with no news flow.
Well I am not the man for that job. I thought we would be in the 60-70 range till next years results! Given that SWimon Thompson has a target of 145p anything could happen. I guess it will recede by the amount of the dividend but that will be temporary.