Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I did think about that, but it was a one off today. If someone wanted to drop the share price they would systematically sell smaller amounts on quotes and drive the price down. rather than a one off which didn't do anything really today except give MM cheap stock to sell 15% higher.
someone sold £5k worth at 0.81 which is below the bid and current quotes. looks like someone made a mistake with a sell order pegging 0.81 not 0.91, opps. few hundred quid the MM's made easily on a Friday afternoon.
That is the golden question.
Will they attempt a placing before the next drill result ?
Are they waiting for drill spud to raise the SP (it wont go up much imo) and announcing a raise.
Will they wait until the drill results and do a placing at the same time ?
Will the F&F peeps take part or get diluted ?
A placing is going to happen IMO its a case of when and under what circumstances.
What really concerns is still Haywood and Dimock are leaving it to others to communicate to the stakeholders. I should of listened to my gut and pulled out months ago when my first instinct was they were trying to distance themselves from the company.
I originally thought the same, cheap takeover. Now Im not so sure, with the complete contempt BLOE has shown towards PI's if they treated larger investors the same they would have a point and I could understand why they wanted to oust the board and install people they could trust.
If the company was being properly managed the F & F brigade wouldn't of had the opportunity to even attempt the coup. The current BoD are now being protective other every word in RNS's which doesn't help promote the company and with the results to date this is all a bit of a damp squib. needing significant news and sustained progress to survive let alone return SH value.
Quite frankly if I ever saw PH in the street im not sure I would be able to control myself.
Looks like the chemicals excuse was complete bull****, low pressure reservoir, rod pump is barely worthwhile. 18 month payback period at current oil prices, Block may not be around that long. JKT1 is another old soviet well sidetrack, that supposedly was a gas rich target. Now its being pitched as an Oil target and no mention of Gas.
3rd time lucky for an old well sidetrack or will this also suffer the issues of the previous 2. Ultimately PH has his thumb up his ass whilst try to roll the dice one last time.
So glad I reduced my position over the last few weeks, clearly by not enough. Normally I would of bought back this morning. I didn't. Now deciding to sell out completely next week or wait for JKT-1 news. PH needs to go clearly his priorities and attention have already shifted elsewhere.
It could explain the lack of communication if they are shacked up in a remote Georgian cabin rubbing oil over each other.
oh dear, I really didn't need that image before trying to go to sleep. Nightmare material