Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Already mentioned earlier, but given our 5% holder is in CFD form, they will have used leverage to obtain that position, looking on their website, retail get 5:1 and professional get 20:1
this is the ask side of the book, level 2 data
Well that is me fully out.......
I do hope those still invested get what they are looking for here but for me far too many uncertainty's now exist. The biggest concern for me is confirming who actually owns the 18.4%, I can't believe that the board are in a situation where they have a large shareholder and have no idea who it is.
Still no further details on the high court claim and with only cash coming in for the Joe management services contract, any legal fees will have to be funded by a placing which at these levels will kill any returns.
Also, despite the articles on senior management at Joe leaving, we have received no update from the board on how this impacts our business model and relationship with Joe.
I can see the board stepping down and working directly for Greencastle at Joe.
I had faith that something good was going to come good here despite the risk, but given the rns this morning it doesn't fill me with any hope.
GLA
I also wonder what OTT are thinking of this? they have a substantial holding which many thought was the remainder from EHGO, we haven't received a TR1 so show that this has been liquidated to lower levels
all very odd.
So we reached an agreement with them last year, had an agreement to settle the outstanding amount and yet Icon are the ones being taken to court. We still have no sight of what the amount owed is.
the concern now is Greencastle pulling the plug on these guys and just running Joe themselves and bringing these guys across leaving Icon to be dissolved
first buy of the day at 0.27 has just gone through
unfortunately only an uncrossing trade Shaa
actual bid looks to be increasing on each trade, fully expect a pop at some point today as people look to get in sub 0.3
3.3m buy at full ask (0.28), hopefully we crack and close above 0.3 today
agreed Shaa, if they are sells, its good to see they are not going through lower than the bid
dare i say it, last time we saw something like that intraday (not delayed), we had the news at 2:30 that popped us to 0.6
2 big prints there folks, 75m @ 0.2414 and 20m @ 0.24
delayed buy of 10m @ 0.27 just printed from 08:13 this morning
yes, it does seem so - MREX, Marex Spectron
this is just live trades going through, the book looks evenly balanced here, looks to be building nicely above the 0.1 level
here we go, 2 buys at 0.105, 1 at 5m
looking strong here again folks, the 0.10 mark is looking as our pressure point for a further rise, once gone this should move back to test the recent highs around 0.12
I am a long term holder and have been here since the tail end of 2019.
Whilst i am excited about what the future holds for COPL given the acquisition a couple of things are really starting to niggle me:
1) The placings never being available to ALL shareholders. I do understand the need to get placings processed quickly but given the pain a lot of holders (those who have held longer than me) have been through, this 'transformational' opportunity should have been available to all who have supported him through thick and thin.
2) Whoever writes the placing RNS could at least write something different, looks to be the same copy and paste reason i have seen for the last 2 years.
3)The most recent IG interview - i can't help think the placings just help provide 'liquidity' as he put it for those with big positions. When asked where the share price was going and what investors could look for he just mentioned liquidity. Yes great if you been luckily selected to have taken part in one of the placings but otherwise PI holdings just become watered down.
Anyway, rant over.
Lets get this deal over the line and see where we are once the dust has settled and we see the term sheet details.
re level 2, unfortunately when the bid starts to build some strength we see sellers coming in and dumping, I haven't seen anyone pay 0.1 yet, all seem to be 0.099
However, when we see the bid drop like now, you see buyers jumping in. I believe once our 10-20% investors have finished the rise should continue