Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Same old, same old.
Promises, promises, promises.
Of all the many many promises, what have they ever actually delivered?
Yet folk still wait, indefinitely.
With sub 20p looking increasingly inevitable it is hardly surprising that some folk are grabbing what's on offer now before it falls further... Truth is that regardless of fundamentals it is market forces alone that determine the SP and the MMs simply facilitate liquidity. There simply isn't the ongoing buying pressure to support a sustained rise & even if there is exceptional news, at this stage it will likely only result in another brief spike.
Unsustainable rise / bubble / inevitable fall.
Market forces.
Under the terms & conditions it states
"MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING"
Presumably that means there aren't any to 'clear' on the open market & the drop was simply caused by typical PI over-reaction to any announcement with the 'P Word' in it?
Just a couple of days ago people would have been tripping over themselves to buy in sub 0.2p ...now the understandable emotional reaction to the placing news is giving way to rational assessment I think the value and short-term upside potential are becoming apparent... wouldn't take much to shift this back up imo
GLA
Would they accept £60m for the whole when they turned down £100m for just a part?
Debenhams is a distressed company and it seems unlikely it will attract a premium offer... anyone who takes it on will have to then invest big time to turn it around so is unlikely to offer any more than the bare minimum for the shares. Folk got very excited when Virgin announced they might make an offer for Flybe but when it materialised the deal was at just one sixteenth of the prevailing share price.
Nothing is ever certain, except perhaps a greed-driven spike to the expense of unwitting rainbow chasers.
A requirement for ongoing funding is par for the course with most companies and not a cause for concern, but the risk to continuance as a going concern is a different kettle of fish entirely.
The last company that I saw state the 'going concern' doubt in an RNS was Flybe, which incidentally was dismissed by most on that board who ironically later complained that they had no prior warning when the company was a few months later forced to accept a rock bottom rescue deal.
People complain that AIM is corrupt & unfair when they suffer big losses but it is often the case that they have ignored warning signs and wrongly assessed the true risk.
On the contrary Investor81, while it is usual to provide a qualifying statement, stating there is a risk as a going concern is rare (your Solgold example does not state this) and would obviously not be used except where applicable.
Hopefully they will secure finance and all will come good here, but in the meantime investors ignore such blatant warnings at their own risk.
"Who said there was a doubt about the company as a going concern"
We've been over this before SL - you know full well that it was stated in the RNS of 15th Jan 2019...
"The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing and to reach profitable levels of operations. These material uncertainties may cast significant doubt upon the Company's ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern."
I appreciate you are sitting on a considerable loss and are clearly stressed by the prospect of a further fall but your insistence on trying to discredit anyone who posts anything that does not support your prop-the-share-price-up agenda is disingenuous and creates a false impression of the considerable risk here.
Like I said before, most folk will likely wait for the finance to be sorted before risking their cash... this is not 'deramping' it is basic common sense.
Seems reasonable to assume we will continue to get lower lows until this bottoms surely?
Only positive news on the horizon is the vague possibility of a TR1, but not sure what that's worth even if it does arrive.
Everyone is agreed this should bounce at some point but it could be a long wait imho and will no doubt drift until such time.