Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Might be less painful to just have your toe amputated?!
Who in their right mind would buy placing shares for 2p when the SP is less than half that on the open market?
In the unlikely event that they somehow otherwise raise the required funds I imagine there will be one hell of a bounce but at this stage such an idea seems pure fantasy.
Another one bites the dust?
Why is it that anyone who does not strictly adhere to a rose-tinted, head-in-the-sand, over-optimistic agenda is automatically labelled a deramper, troll or worse... Surely it is in everybody's best interest to have a dose of tell-it-like-it-is reality so that we can collectively better assess the likely risk/reward here?
Just saying - no offence to anybody intended.
People waiting for sub 40p entry - "that'll never happen"
People waiting for sub 35p entry - "that'll never happen"
People waiting for sub 30p entry - "that'll never happen"
Sub 25p ???
20p ???
15p ???
Who knows, but for the foreseeable future what is there on the horizon to turn this and why then will it not just continue to fall over time ???
It appears to be a sound company and more than likely **will** turn at some point - but as to when and at what level that will be... ???
Probably need to wait for results that **exceed** expectations for this to turn properly so could easily be six months to a year imho.
As to where the bottom lies, nobody could possibly know but there's no sign of it yet.
I can see this bagging when it turns; trouble is that could be six months to a year away and might end up being from mid-teens back to this sort of level if the relentless decline continues until then.
You are clearly quite desperate to keep the SP from slipping further, and that's understandable considering what I imagine is a very significant loss on your holding, but it really doesn't help to turn on other posters simply because they're telling it how it is.
Investor81 >> "Soul where does it says this?"
It says it in the "Q2 2019 Update and Results" RNS of 15th Jan 2019 as per my earlier post...
"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. Although the Company has been successful in the past in obtaining financing there is no assurance that it will be able to obtain adequate financing in future or that such financing will be on terms advantageous to the Company."
There is nothing 'deramping' about discussing information in RNS statements. Indeed it's in all of our interests to rationally discuss both positives and negatives in order to evaluate the likely risk/reward of our investments.
Although it is standard to cover themselves with a qualifying statement of caution, it is rare for a company to state that it 'may not be able to continue as a going concern' and I have only seen this stated in companies that then went on to fail... a company is not going to make such a statement unless the situation is desperate and there is a very real risk.
Q2 2019 Update and Results...
"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. Although the Company has been successful in the past in obtaining financing there is no assurance that it will be able to obtain adequate financing in future or that such financing will be on terms advantageous to the Company."
If your interest is dominating anonymous BBs with cr@p then unfortunately I guess nobody can stop you from drowning out the informed and useful stuff. However if you have any interest at all in clawing back at least some of that big chunk of forty grand you've lost "Might be in YOUR interests to listen" ???
Maybe go easy on the posting?
Wrong board, this is BCN !
Careful or you might start to believe your own bull5h!t and miss the bounce!
Too much of the waccy baccy imo!
Small buys are causing steady tick-up now - won't take much!
GLA
Wow - just look at them flying in!!
GLA
Back to 15p by close?