Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Slightly odd price action today. Obvious some that held from placing used the opportunity to offload. But there’s a huge disparity between market cap and true valuation now. This should be sitting at 3p. Minimum. A company funded into production with governmental support. Cash due in June equal to market cap. Interesting to see how price reacts tomorrow. I sense an afternoon rally.....
Thanks dryland.
Interesting. Warrants aren't all that bad as its cash in the bank for BigDish in the short term.
Haven't posted this week or last.
What an amazing move to 8p!
Great stuff.
Thumbs up to all the posters who stuck to it despite the deramping.
Waiting for update this Friday and national roll out.
Woop woop
Yes Andrew Neil Tweeted it.
I don't know where he got that information from as I wasn't aware of any warrants and the investor website doesn't specify.
Any holders from IPO aware of these?
He's stating near £2.5 million worth of warrants at 9p. 27,777,777 million shares due to expire or be exercised.
Any thoughts?
The positive side is that the money from those that at are exercised will be welcomed I suppose and really put off any need of immediate funding whilst expansion is underway. Obviously strategic investment or funding for massive advertising campaign isn't a problem at all.
If you believe in what this can achieve then you won’t be phased if your buying at 2p or 4p. If your in for a trade then good luck to you and no one can begrudge that. In my honest opinion, as said before seeing Brighton succeed will be key for the next leg up. If Brighton as a major city and food hub can accept BigDish then we have a real window into how big this company can be. Birmingham, Liverpool, London, Manchester, just imagine. By the end of 2019 on that premise BigDish will be multiples of where it is today. Don’t fret too much about 4p for now. For balance, a dip on TA basis can be expected. If so it'll be a launch pad for the next leg up. Overall the chart looks great. Adding to that any good news can push BigDish to new highs. I’m adding. For me start sweating a little when we are at at least 12p.
Key here now is next RNS. And Brighton. This sets the tone. A great second half of the year is only an RNS away. Brighton uptake can be a great indicator of how other big cities react. If all goes well and Brighton comes online and maintains 50-80 venues and receivers well then this is going places.
Revenue calculations have brought all kinds of end figures Let’s say for now by the time Brighton’s added there’s 200 restaurants @2.6 heads per booking at either £1 or 0.85p depending on different opinions 365 days minus 8 bank holidays And on average 5 booking per day per venue 200 restaurants x 2.6 heads x 357 open days x 5 booking per day That’s just shy of £1million revenue per annum Let’s put a 20% reduction to account for factors such as uptake or opening hours. Still looking at approximately £800k per annum. In fact let’s take a real lowball take and .85p per head £500k per annum revenue Breakeven must be close
Volume related to warrants Once that big chunk expires people will jump onboard Remember the share price has been dampened by the constant selling into rises. From other groups the general talk is that they are waiting on sidelines and will start buying in after date of expiry
I’m sure many restaurant chains operate regionally too with their own regional managers. From experience in pub chains in youth that’s exactly how it worked. So it could be trialled in a set area then rolled out to the other areas. Would make sense. You wouldn't have a national roll out before you had a test run.
I guess so as it’s a webinar so should be live and interactive. Sharetalk, which in all honestly I haven’t engaged with before. There on at 12.30 apparently. I’ll have to browse their app and website to see where the direct link is posted.