Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
BSG why would they exercise the warrants when they can buy cheaper in market, so no dilution unless the sp moves up and if you think that's the case then they're a buy.
Unless you're looking for lower of course and trying to help it down:)
They'll regard the small 'loss' as a cheap call option on the warrants.
Nice to see Whalley increasing.
That's an unusual 'note' for Tamesis to put out and an unusual way of doing it (via Google docs) when they have a website with their research notes chronologically listed but this one doesn't appear on it or not as of now.
I don't disagree with the gist of the note but its author does not seem identifiable.
Possibly DP's tweet this morning brought a few buyers on board
https://twitter.com/Rockfireplc/status/1080399312830558208
Valuation: Undervalued even at our base case
We value MOD at a price of £0.39 (A$0.64) per share using a SOTP valuation for the T3 deposit and other early-stage projects. This provides an upside of 117% on the current share price. T3 has a very low capital intensity compared to other projects and an all-in sustaining cost in the bottom 35% of global copper projects. We believe MOD offers attractive exposure to a commodity with attractive supply-demand fundamentals over the mid to long term.
https://www.edisoninvestmentresearch.com/research/report/mod-resources/full
Funkybeats, the problem with Larry having options at 6p.......is that he hasn't bought any at under 2p! That doesn't make any sense if he has confidence going forward. If he dipped his hand in his pocket and bought some the sp would soon react. And he'd still have his 6p options to look forward to:)
Seems John Wardle has greater confidence in Kazera's success than the CEO.
Yellow flag for me when Northland were mentioned and the BS that went with it. I don't know what their retainer is but their additional 'broking support and research capability' has done bugger all for us so far and Northland don't have the best track record as far as pi investor interests go.
Why have you mentioned them woody2002, you feel the same?
Read their RNS financials today, they have cash in bank greater than 12 months burn. There are also warrants outstanding not yet exercised but in the money and could be more if they get the sp up.
Doubt if they'll need funds until summer 2019 excluding any possible deal-related raise which would be a game changer anyway.
Reacting to the tungsten price? - I think it's a bit more than that, PW.
Nothing issued by THR month after month has had a positive impact. Mick doesn't get it, he's said so much and inferred such a lot and serially failed to deliver the only news market wants to hear....third party financial involvement. Because they simply don't trust management to go it alone.
Mick knows that and has done for ages but he's been hoping that something would materialise from the talks he's apparently been having 'at an intense and accelerated level' - his words. Well of course that could change at any time but his track record isn't the best and it seems the market isn't prepared to see the glass as half full, preferring half empty until he puts something more concrete on the table.
Assets are great potentially but somebody's gotta make em work. And sooner rather than later.
...There is a lot of talk here about assets, which is totally justified, but little about actually monetising them. Where are the dollars, guys. Show me the money!! (you know the movie)...
There are 2 ways to monetise these kind of assets, LGO, as I’m sure you know.....1) production or 2) sell them. The dollars don’t come yet as neither is applicable but I doubt if option 1) will be the monetisation for shareholders in spite of the noises the company makes about moving towards that. Best way to sell any business, large or small, is to keep running and building it concurrently with engaging interested parties. At some point an offer will be made if the assets are good enough. Patience required. No point talking about it, it usually happens when we least expect it imo.
Couple of similar sells today but balanced by a bit of news out of US, Trump apparently tightening his policy on self sufficiency for key US industries and military. Alternative for that nasty Chinese tungsten? PJ's got the details on twitter. https://twitter.com/pauljohnson9691
Exactly older and wiser.
And yes bonkers, what I meant was they’re in effect call options for free. Very nice and some make a substantial low risk income that way, walking away from any that don’t come good and back to back transactions on those that do, just bank the money.
Anyway this will be history soon enough and sentiment will recover with news.
What about the placees who had no no intention of holding their 2.8p shares and have passed them on or will do for a small profit.....leaving them with 5p warrants for FREE with no capital risk and a high chance of success. A lot work that way, so could be a soft sp for a few days yet. I hope that’s not the case but being AIM....
We also had Beaufort for a period and look how they turned out. Money laundering, cloaked accounts, bankruptcy and drawn out grief for those holding assets with them.
Northland track record isn't inspiring, not great news for us pi's in my opinion no matter what slant MB puts on it.
gmharg,
Is that on his @mickbilling twitter account? I couldn't see it do you have a link please?
Re PJ's share sales- or not - he has stated several times up to about a week ago that is family's holding remained at circa £300k so probably not selling.