Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@smythsmoneybox
The reason to disappear from this chat room is having to deal with people like you . Constant negativity . Makes one wonder why you are here in first place if you feel so strongly about how bad this company is . LSE chat rooms are just too toxic
Https://youtu.be/fgeTZvm6XRc?si=ZYV_9krDVws3wWvX
Over and over confirmed they have enough capital to go into cash positive by H2 2025
I am not talking about the sales figures @KC . Talking about this raise stuff . I spoke to the company representative about 30 mins ago . They said they have no idea where this information is coming from . Hence the question about the source
One thing I did to ease my mind, spoke to a company representative regarding this narrative of being "delisted from aim". They confirmed that this not something on their agenda.
The remaining relies on how good the results are.
Thank you for your reply HarChris.
I understand that they missed their target and it must be hard for investors who have been sitting on this at much higher price.
At current price do you not think its a buy? Especially because they are still increasing their revenue, and by mid 2025 will be cash positive. I did a bit of calc, if the operating cost remain the same, we will likely to see around £10m loss approx. I don't know how accurate this is. But the losses are slowly coming down which makes is more compelling to buy. The other thing to consider is , will they need more cash? Based on the recent update they had £13m cash in Dec. This makes me think they don't need to raise straight away. Maybe in 6 months? Who knows... I guess we will find out week after next.