Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
One must understand why would a company want to spoil its MC if consolidation is bad. There must be some reason for doing this which is evident. The company is not getting attention with low share price due to massive shares in circulation. it is a tidying up exercise for future growth and potential take over.
yes but could not understand if the overall RNS is positive or not. The only bit which could have contributed to the fall is company running out of funds. By the way I am heavily invested in SAR and want to see takeover in billions in case you are doubting me.
Less than 100 trades today. The share price can easily be taken down or brought up with such a small volume. I believe the daily movement does not matter. The focus is on the bigger picture when the share could fly on a single RNS and multiply from there.
All the best to LTH
In my view consolidation is very much required. It gives a nice share price in the first place which attracts institutions. Also easy to transact when you have less number of shares. Well done to the BoD. Right step in the right direction