Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just bought another 79,920 shares having to pay 11.88p per share. Now holding over half a million shares and can see a sharp rise here to 20p, (possibly this month).
Distressed seller, no need for an immediate fund raise, 2023 drilling campaign funded, disposal on the cards. MCAP below cash and no debt, but a large facility that can be drawn upon. MCAP below cash
The Board should have raised more cash. The market knows more money is needed to flow test the well and after the poor PANR results no one wants to risk much capital here. I will buy in again after the results and the next placing.
is Blackrock in trouble? They come across to me as a complete bunch of amateurs as to how they have approached their exit. Surely there are other ways that would got them a better consideration, such as negotiating a private sale.
I understand as to why Blackrock may want to get out but their selling policy is nearing insanity. LBE has cash in the bank to fund their immediate drill commitments and the risk of an immediate placement must be low. I want to buy in here substantially but their continuing selling means that all potential buyers are holding back. If I was in Blackrock's fund I would be seriously questioning their wreckless approach and the fund manager's ability to do the job. I have seen Blackrock do this before in BCN where they brought the share price down to around 11p from the £1 they paid. I bought in heavily at about 13p and bagged three times on my holding. They desire to sell in this manner has created a most welcome opportunity which I will use to my advantage. There is a big drill coming up which should create some excitement. The issuing of the wrong RNS shows the quality of staff Black Rock employees and their investors are going to be pretty angry if they doing this with their portfolio. Buy low and sell when the market buys. There is teh potential to make a killing here courtesy of the distressed Black Rock.
Mr Bubble. You deramping here as well. Good luck mate.