Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looks like we are taking advantage of the extra month available to file due to covid...
Temporary reliefs for delayed publication of financial statements will remain in place until the disruption caused by the COVID-19 pandemic abates. The joint statement indicates that companies will be given plenty of notice when it is decided to bring any of these measures to an end. The measures are:
An additional two months to publish annual financial reports (link to FCA website) (i.e. within six rather than four months of the financial year end date). An additional month to publish half yearly financial reports (link to FCA website) (i.e. within four rather than three months of the financial half year end date).
Pond I disagree about the speed of recovery. When the TR1 lands and accounts are as expected this should rise quickly back to the 60s. There was no reason for the drop beyond this level - just one shareholder desperate to get hands on cash. I agree pull back was required from ATH but even on the most conservative valuation it is worth 60p.
Correct me if I'm wrong but I think they have a couple of trading days to file this so may come though intraday or Monday. Depends how quickly the shareholder notifies them. Certainly stacks up that it was John Story selling up.
Warrier Met Coal only down 4% in the last month. BEN down 48%. I don't see today being anything to do with coal prices, more likely a distressed seller or two which can have a massive impact on AIM. This combined with some analysts getting excited about technicals. This company is making £50m profit pa so current MC is a joke. Fundamentals are strong and I see this bouncing tomorrow assuming the March accounts are as expected.