Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I am in argument that the share price to going to go up quickly, at some point.
Faster then we realize
Rumblefish
So after this 20% dilution
BOR raised $2.5 million (before experience)
587,957,318 Ordinary Shares in circulation
I think the company got a lot of
PR, with this SALe
Rumblefish
103,858,914 new Ordinary Shares
We’re issued 4th April 2022
“Accordingly, this figure of 587,957,318 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.”
So the end of this, BOR shareholders have been diluted by,
Whopping 21.4%
But the share price keeps going up!
Rumblefish
Question
Can I still buy BOR at 0.013p
Tomorrow
Rumblefish
Although,
Is a member of OPEC plus
That could upset , Saudi‘s Kuwaiti and maybe most importantly none OPEC members such as the Chinese
Squeezing oil supply
Rumblefish
Gus 0
Good point about the Germans requiring natural gas and condensate, from outside the EU and Russia
If Putin wants to really win the war,
He just has to reduce gas and oil supply to Germany by 10%…….Dial…it…down..slowly…too…..90%
You don’t need to stop it!
That would get everyone’s attention
Rumblefish
RNS better be good news
We don’t want any dilation
Rumblefish
HowArd could have bought a Mountain of shares in the 15 plus years as a CEo of BOR
Never did!!!!!!
Collected at least
$3-5 million DoLlors is wages
Never took a phone call, if he did
He looked at u as sH$t investors
Here we are desperate as long term holders
Relying on this guy (Howard)
Rumblefish
Question
Hopefully there’s no bonds issued by the company
I checked very quickly I couldn’t see any
So then it’s just us coMMon shareholders and institutional shareholders that own
This common sTock/sHares
AND nO OnE ElsE
Here’s a company with no dEbt I.e. bonds loans etc.
Just approximately 360 million shares in circulation
Nice and clean
We don’t want to be liquidated
Companies for SAle
Running out of money
hOward don’t sell the company cheep
Rumblefish
Phil
U and your Groupies
Never had anything positive to say about this stoke (BOR)
Now it’s different
Rumblefish
Oh man Phil
Been in this stock for more then 10 years
Now giving us his
Wisdom
Rumblefish
This is Sunday 19th December 2021
All the best to Y’all
Do you own research
These are only my own opinions
Nothing else
You shouldn’t look at me I was giving you any investment advice
All of them are opinions
Rumblefish
In essence this means,
-Darwin Licence AREA is due to expire end of January 2022 (in the process of renewing, will find out real soon)
-Running “kind of low” on cash,
-BUT more importantly
“and in order to meet the "going concern" tests of the 2021 year-end audit.”
(Which is a requirement set by London stock exchange for all companies
“going concern”)
BOR have a audit Committee that have too
Comply, meaning at least one years worth of cash flow to keep the company Active
BOR don’t have any cash flow, just CASH is the bank
-Board of Directors Not only need to come up with money (hopefully not some crazy share dilution) BUT maybe maybe a partner they have already talked too
And
Do
A
Deal.
Rumblefish
(So much different)
This is from
September half yearly report
“Given the decreasing cash balance, it is likely that additional funds will be sought before the end of January 2022 in order to meet licence and working capital needs and in order to meet the "going concern" tests of the 2021 year-end audit.”
We’re going to find out real soon
Rumblefish
Me too
“Happy to take an offer for the company “
Problem is the board have been there for
15 years
They have tried Hard to get a deal
Nothing yet
I’am not negative on BOR
I Own 2,000,000 shares
But this has been coming for year’s
Got to do something different
Rumblefish
(different rumblefish)
Harry (non-executive director) knew that from the start
Couple of days a year
Everything is paid for
Just have to show up
And look interested
Howard and him CFO get paid every single day over $10 million over 12 years
Plus
Stock options (discounted shares)
What are they care if they get diluted or not
Rumblefish
Let me also add
That executive and non-executive directors
Can bill the company for any expenses related to travel, room and board
Harry doesn’t get paid, but receives five star treatment once a year for the annual board meeting and shares in the company at heavily discounted prices
Executive directors
Receive all of the above plus a salary
Nice work if you can get it
Rumblefish
Just to correct myself
Executive and non-executive directors both get shares in the company I heavily discounted price wish they can execute whenever they want after a certain time.
Rumblefish
So there are executive Directors
Such as CEO’s and CFO’s
And there r Nonexecutive directors
Such as Company chairman
Salaries only go to executive directors
Nonexecutive directors don’t get paid they get stock or shares in the company at a heavily discounted price
Rumblefish
Gus zero/old boy/old man
Harry is the one to worry about
He has nothing to loss, hasn’t taken a salary ever. The stock he has is just Compensation for his time and energy
Now Howard and his CFO have a salery for at least 10 years, and share’s.
What do they care about the shares,
They between them have collected over
$10 million in salaries over 12 years
Sh$1
Rumblefish