Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
the market makers probably are given the large trades are OTC.
close the door on your way out.
117m shares to bond holders, 80m taken by iis. How many are left no one knows, but i agree with PC, get it cleared.
the virus is serious, but i think there is more fear than reality, Chinese cases and deaths are falling, theres been further outbreaks notably Iran, S Korea and Italy, but warmer weather is coming and the public are aware, that was not the case from the start.
Not only Miton not selling but a number of iis significantly increasing their holding, so Mitongate goes the same way as $5m debt gate - all PI noise.
Maybe still a few million shares to churn - but when its finished theres some good days ahead and lots of news flow.
I sold at 50p, bought 25% back at 52p! But actually rather pleased i will get overall average down if it goes sub 45p to buy in morning.
TXP dropped big in close for placing
I would be wary of going off Morning Star figures for shareholders, on Ptal it was showing the second biggest holder selling, the updated company list at the end of Jan shows no change, I think similar to the $5m placing you are creating domesdy scenarios from thin air, the selling is the 120m shares as we know hit the market in November, that was always going to create an overhang, the last month all O&G stocks are well down with the China virus hitting commodities and lastly PIs are selling as you would expect on a falling share price.
The brutal truth for all of us here, it will probably take another 12 months to achieve anything like value here, and not many will see out the ride.
i think they paid back cash, i think there will be a TR1 in next week or so to unveil the seller
Yes, you are correct, the reported figure this morning was false, you would think they would check given the tabloid type headline....
So if you can buy cheaper than you can sell, what does that tell you?
So whilst the doomsayers were expecting a debt to equity RNS, in the real world weve got a great new contract with no new capex spend. Yes a month late, but who cares, great start and more to come.
Payment of tax ( Norway)
Companies are required to make advance payments of tax on 15 February and 15 April in the year following the income year. The two payments should together cover all of the expected CIT to be assessed, but could be complemented by an additional payment within 31 May to avoid interest on any remaining tax balance.
North might need to sell to pay the Feb bill and given the 100% rise in their investment, they may be looking to pay a dividend to shareholders to keep them happy.
no chartist but am i right in saying the top of the gap has been filled? Does it have to hit the bottom of the gap or is this now complete?
A lot of PIs have sold up here on no news, so i think they have. Whilst most will put this down to lack of news etc the reality is that if the SP was at 28p now, no one would be bothered about the $5m or hiw much AK earns, the real and only factor is the SP, when it drops we then find reasons to sell, justified or not.
I have noticed on a number of occasions the ask being artificially high first thing, to make all trades look like sells, the actual mid price is circa 16.9, whether its a buy order or a tatic to panic the market to create sells who knows. Personally I think most trades are ii to ii, not impacting the SP, recently investor fatigue and wider markets have pushed PI sells which has impacted.
yep i must be, just like those 250k buys just gone thru, like what happens every day.
All the cash details are in RNS, I dont know if they did or didnt pay the $5m, nor do you.
Lets just be clear on cash, as your new hero Miti is lying thru his teeth.
Savp have received $74m, with $20m being paid to Frontier and $10m on costs, tax. There was an additional $5m cash in bank from Severn with $40m being paid off gross debt. There is currently free cash flow each month.
how do we know they didnt pay off the debt? Im not saying they didnt, but a PI called the company and they said they wouldnt RNS if they did. Anyway i guess we will soon find out if it has been due to the 7 day vwap.