Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Unfortunately (or fortunately in another respect!) my SIPP has outperformed my ISA’s tenfold, so have to work for another 4 years (I’ll be 55!). Didn’t want to change my name as it reminds me not to take my eye off the ball again.
I bought more yesterday, taking my average down to 10.6p which I hope will at least double in the next two years.
Quite a few £5k+ buys today, people are starting to show interest now that a finance announcement is getting closer. Don't forget, it was only a letter of interest back mid February from one possible lender, it was not an offer. The BOD will have been looking to get the best possible deal for the company and it's investors, they wouldn't have just jumped at the first offer! I would imagine that arranging finance on this scale with the many factors involved would take months in normal circumstances let alone on the back of a worldwide pandemic and a change of government! The latter in itself would have greatly impacted the dd of the lenders, probably delaying proceedings. Fortunately the new government are all for "clean" mining, and I wouldn't think you could get much cleaner than Dundas. Lets be patient.
Question: Going on the sizeable buys today do you think people could begetting positioned for news?
Hi Mike, it was an excellent report highlighting all the positives for JAY and considering the pandemic delayed many aspects of most businesses in 2020 I think looking at that report, JAY progressed really well. With all the assets that JAY has I think patience will be the key to holding here, the finance for Dundas when it is announced will give the SP a boost. For me this is a coffee pot share, near term it could bag 2 to 3 times but long term I expect many times that. GLA DYOR
Nice to see from last nights RNS that HSBC have increased their holdings to over 8% in the company. Good to know a big league financial institution has the same confidence as yourself in JAY.
I agree, imo 15p is a very low price for all the fruitful projects/assets that JAY has. I would definitely think the bid would be well over 15p, but with the share price currently valuing us at £90-£95 million, wouldn't that give them leverage to come in at a lower price?
I agree, 15p is a very low price for all the fruitful projects/assets that we have. I would definitely think the bid would be well over 15p, but with the share price currently valuing us at £90-£95 million, wouldn't that give them leverage to come in at a lower price?
Ok, conspiracy theory time, has Rod sold his 20 million shares at an above market price to a big conglomerate who in turn are regularly drip selling in the market with the intention of keeping the price low with a takeover bid in mind?
Big delayed buy after hours, £116k
Thanks Jintar, a very good background to where and when the company was formed, a great explanation of the rich geological landscspe of Greenland and so many positives going forward. This really boosts my confidence in my investment here.
Thanks Snip, but I thought the whole idea of ERMA was about the supply lines for Europe? See extract from ERMA website:
"Select and prioritize cases to secure primary and secondary raw materials supply for European industrial ecosystems"
Daramuda, I'm heavily invested here (40% of my portfolio) because I believe the future is very, very positive. But something is niggling me, a lot of people are saying that ERMA (European Raw Materials Alliance) will assist in funding Dundas. My niggle is why would they when the off take agreement is with an Asian conglomerate? I'm no business man, there may be a valid business reason for them to fund it.
Any thoughts or explanations from anyone as to why Europe would help fund a project where the majority of the product will go to Asia would be very much appreciated.
A nice finish yesterday, according to LSE figures in the last hour the total buy values added up to £130,377 against sell figures of £13,845.
Has the "purchasing entity" has started to buy in the open market already? I think it's time for me to have a final top up before the share price rises significantly. GLA DYOR
Hopefully this will have a positive effect on all UK indices ( and the nation in General)
https://www.bbc.co.uk/news/health-55145696
Hopefully this will have a positive effect on all UK indices
https://www.bbc.co.uk/news/health-55145696
Guys, yes this is positive news for the world in general and boy am I relieved, but people mustn't forget that it will probably take years to roll this out. In the meantime the Paraytec test, with it being so portable and quick, is a perfect accompaniment to the vaccine roll out. This test can keep places going and get people going places, we are going to have to keep on testing to ensure people who haven't been vaccinated stay safe.
It's as if the Market thinks COVID is a thing of the past, it isn't and they will come to realise this in the next few days/weeks. Also a lot of people around the world will continue to wear masks, and anti virus masks as effective as Pharm2farm's are few and far between and sales will rise as will RMS's share price.
You've probably all seen this, but just in case you didn't.
https://www.linkedin.com/mwlite/company/mineralresourcesauthority
Text, my apologies as I am somewhat confused by it all. I viewed that paraytec alone will keep us hovering around 40 to 50p. The last thing I want to do is upset you guys, I just want to understand it all
Isthis, that's why I asked this morning if it works like that? I would rather have had an explanation of the way it works? If its not just a simple percentage of a percentage what is it?
Can you explain the reasoning behind the sale? As share holders what do we gain? We received 12% of RMS in the form of shares (we already had 25%) If the masks are a huge success how do we benefit from the sales? Do we get a percentage of profits?
And for the record, yes I'm a novice.
Ps. By the way I didn't jump in on the spike, I topped up on the spike.
Something isn’t sitting right for me. Any other company with this much promise and good news would be flying. You’ve got to ask yourselves why it isn’t? Yes you can kid yourself that it’s better to have a gradual rise, but come on be realistic, on paper the paraytec test is the best thing since sliced bread. I promised myself after MRS that I would be very wary of certain individuals and I hoped BRH was going to be a different story, but strange dealings are going on that make no sense to me, just like MRS. So as soon as this gets back up to my top up price (48p) I’m getting out. I hope I’m wrong and you all make huge profits, but to sell a company that are able to manufacture 5m anti bacterial face masks A month in the middle of a global pandemic.......hmmmmm!!! oh and the CEO of the selling company is the CEO of the buying company!!!!
Haha, I can see why you want the share price to stay where it is for you to add to your investment in December, and that's understandable. I'm in no rush to get out and am in it for the long term but I am concerned about the way the company is run. The competition probably already know what technology we are developing and how advanced it is. Just "promoting" it will not change that unless information is leaked. The Oxford team seem to be getting it right, promoting themselves in a positive light whilst still keeping it real in the fact that they state "hope" to start developing it in early 2021, now everyone will now be focused on them. I am open minded and will take on board your answer, so can you give me the advantages of keeping a low profile?
And for the record I'm not after short term gain, I think that if this test is as accurate as is being made out the potential for the shareholders in this company is huge, as long as the people in charge do not get greedy............!!!