Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From 1st Aug RNS…
‘The Company and AOP have agreed that Shield shall not be required to allot shares to the AOP to the extent that following such allotment, AOP (together with any person or persons with whom AOP is acting in concert) would control thirty per cent. or more of the voting rights in Shield.’
This is just the result of the Loan agreement 1st Aug RNS isn’t it?
‘Immediately following the finalization of the Loan Agreement, AOP requested the conversion of a portion of the Shareholder Loan into 41,195,246 ordinary shares of £0.015 each in Shield ("New Ordinary Shares"). The conversion price is 5.5215p per Ordinary Share, calculated to be 10 per cent below the average mid-market closing price of the shares during the ten business days preceding the conversion date, and the loan balance converted therefore has a value of £2,274,595 (approximately US$2,764,659). Under the terms of the conversion, AOP will be allotted and issued 41,195,246 New Ordinary Shares representing circa 19 per cent.‘
Does coho tie in not start putting cash in the bank? Of course this will be used to fund ongoing development and exploration but it seems like PB is managing cash well given the priority calls made recently
I probably do have a bit of a negative bias towards SRB after the ups and downs over the years. I am hopeful the update due in the next few days continues the upwards momentum to offset any weakness in the price of gold/markets. I also believe gold will push on at the back end of the year so lots to be excited about here. Just need MH not to snatch defeat from the jaws of victory and deliver the 80,000 oz pa he has promised for so long
Not everything going the right way but they certainly turned their operations around. Gold price is key for profits and it looks to me like it wants to head lower during the summer. This and overall small cap sentiment is key to the sp
Hi all, looking to buy more here so just looking at funding for the bringing coho and casca online plus ongoing development commitments. With current cash, cash flow from ops and credit facility is there any need for a raise to complete or expedite this work this year. As I’ve not been following closely over the last year I’m just looking to rationalise my interpretation of the RNS to date ahead of pulling the trigger
Spot on EvenL. My other O&G positions are down by more e.g. PTAL -27% and they are beating every expectation. Too many people trying to trade on news which is ultimately a poor strategy. The rest of this year looks great for TXP from what I read. Whether you want to hold in this market is another thing
Painful but happy to ride this one out given the positive progress the team are now making on both the production and exploration fronts. If they can maintain this momentum with further positive updates the sp will turn and catch up
What does it have to do with the MM? They work off buy and sell orders. Hardly anyone interested in buying YU shares yet and more wanting/needing to sell hence the price is dropping. I considered selling given overall market sentiment and in hindsight should have but won’t here as I was/am looking to buy more sub 200p. Everything is going down together atm and YU need to improve on the investor comms.