Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
FI - you might just do very well out of that. Well done!
Thanks for getting the IG update! Sounds like they’ve right proper norsed it up!
Yep. Still waiting on IG. Was promised it would hit my IG account by close of play Friday...
Exactly. That and the improved financial positioning of the business are the things to drive this north over the next few weeks.
I’m going to offer up an opinion here - might be subject to a bit of debate...
Tesco have made significant improvements to balance sheet, pension deficit etc through the sale so I personally expect to see the current SP rise by 7-10% by mid March off the back of that. If say 50% of people reinvest their SD on 28/02, I would expect this to push the SP up a further 5% by say end of March. All of this against the backdrop of an improving Covid situation means that this will only go north. I personally think that the SD has not been all bad. You currently own the same percentage of the company (in a smaller number of shares) and have the option to buy more from 28/02 and in all likelihood at a preferential rate with minimal fees. Worst case, if you do nothing you’ll end up a good 15% up over the coming months anyway as the market understands and appropriately positions the SP???
Hopefully will continue to weekend. Good old FOMO...
Hi,
Age old comment but many of the sells are actually buys if you look at the price action.
This will rally at the end of the week for sure.
Looks like 1 - 6 weeks is the expected timeframe. We really are reaching the end on this one. GLA.
Might just be part of the beta release but I’ll take it as a good sign!
Well I never - hopefully a good sign!
Hi All,
This is a frustrating time and I can sympathise with anyone who feels aggrieved but it really does feel like there is method behind the delay.
Interest in fracking/shale has been steadily increasing with the press starting to publish more 'pro' fracking articles with a view to pressuring the Conservative government to crack on with their review of the TLS. 2.0 instead of 0.5 on the TLS would make the world of difference to those already drilling and entities looking to commence this soon.
Anti-fracking protestors are also getting a more villainous/negative slant in the press. There have been many instances where protests have been aggressive/immature but until recently, the press were painting them as the hero.
Continuing relationship issues with Russia are also going to play in our favour with the government acutely aware of how vulnerable we are to Russia should particular pipelines not be available to us for whatever reason. Our only storage buffer was decommissioned some time ago so we really do need other options.
Brexit is also a positive driver for UK fracking. The more this looks like an unfavourable exit, the quicker we will need to build in some latency or indeed a volume of production for the UK's needs if it gets really bad.
I think of this relisting shortly after it was suspended from AIM and I really think any gains would have been good but not stellar. Now we have an improving background need for fracking, I can see INFT being all the more attractive for the average PI and for an institutional. We may well find that a lot of the recent excuses have been hiding some pretty significant negotiations with one of the main players...
Have hope on this one. I think we could be on the cusp of something pretty spectacular. Those that hold onto their shares for a while after resist could just make a small fortune.
All in my own opinion but if you follow fracking/shale in the news, you can see how this is shaping up nicely.
GLA.
Sorry - 5bn shares not £5bn! I'll be buying several islands if this was the case!
Hi. 'Dangerous Dave' here. Tuff did the honours with the website info. I believe this should come to fruition as GW is generally spot on with any comments he does now make. Last time I spoke to him, he was very cagey but accurate with when to expect the next update RNS. His cagey nature has to be down to his nomad.
Lots of chat on Twitter at the moment regarding the increase in shares to £5bn to end up with a MC of £68.5m. I'm sure this was extensively covered in this forum when Caveman found the Luxembourg Business Register info. Some are getting excited that the MC increase from £2.47m to £68.5m may correlate directly with the relist price, meaning a multiple of 36. I think we can all rest assured that this won't be the case as there must be more to it. Which of the following do we believe most:
1. Third party investor secured in advance of relist meaning we have a % of balance (which could be any figure);
2. £68.5m MC and £5bn shares can be realised within 5 years of the EGM motion meaning not all of this is immediately the case on relist;
3. A lack of share consolidation calculations mentioned on the EGM minutes means we may in fact 'not' be coming back on the main market after all and may remain on AIM.
All my own opinion but it does seem the more you look, the more questions are raised.
Hi. I called him ten minutes ago. GW first told me that he’s been told not to talk directly to shareholders. I pressed the point on EGM news and he said to expect news to be released later today. He also inferred this would be via the website. Couldn’t get any more from him unfortunately!
Back 'Under Construction' again. All but the home page. What are they up to now? Hopefully, it's the release of the CPR in conjunction with an RNS???
Morning All. Interesting documents pointed out here (thanks Cavemanic). I'm very confident that this is coming back now but I do have some questions that I'm hoping will spark a bit of constructive debate: 1. It mentions approval for a period of 5 years to increase the amount of shares. I don't see that as a lock-in of any sort - more a time limit for how long they are authorised to take this action after 01/06/2018. What are people's thoughts on this? 2. There's mention of 'no nominal value'. Is this just a mechanism to allow for the CPR/valuations to then dictate the valuation (and ultimately the SP) at a later date? 3. I note the final agenda item on the EGM is the transfer from Luxembourg to Guernsey. I take this as a very positive sign as it was one of the last actions mentioned on previous RNS. Could we perhaps even see the CPR/valuations by RNS before 01/06/2018? 4. Does anyone have any other thoughts on Nigel Burton being involved in the near future? Seems very promising! As stated in the subject title, I'm a lay man so the thoughts (and schooling) of people more 'in the know' would be greatly appreciated. On a final note, I really hope this is going to come back strong. I know people have been conservative with their estimates on this one and a 3X return would be a job well done but it really does feel like the stars are aligning for something massive. You only have to look at the current world political stage, our own current reliance on imports (which ultimately come from or are controlled by countries we're not that friendly with), our lack of storage capability, the governments willingness to support additional exploration (with limited or no planning permission being suggested) and the inherent potential value. GLA.
I thought that Amadan. Suggests something positive is happening but it could just be effectively offline...
Hmmm... Mentally prepared for this news but it bites all the same. Stupid question but is there now an obligation to tell us via RNS whether the main market listing has been unsuccessful if this turns out to be the case? Also, is there a further obligation to tell us if the delisted company subsequently folds? Never held delisted shares before so please excuse if this is common knowledge!
What ever it is, it’s clearly good ****. I’ll take 3. 🤣
Good logical outlook Ginksy. I hope to be surprised over the next 7 days but I think you’re probably right. I just need to mentally prepare for an RNS that states as such and not get upset about it.