Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Eurofil, GKP did a D4E in 2016 but their current shareholders at that time lost 95% through dilution.
https://www.investorschronicle.co.uk/2016/07/14/shares/news-and-analysis/gulf-keystone-shareholders-lose-their-shirt-as-bondholders-hoover-up-equity-zSNJbgsvvUjjKQGQpY2w8O/article.html
The company should have released the rns today after close and suspends the shares from 1st of May, this will give the company a bit more headroom when comes to D4E. It is too late now, it will be less than 5p if the D4E does go ahead.
PFC is not going bust, but it will be diluted for D4E, the question is at what price and how much debt will be converted. These questions are putting people off buying at this price. I will be waiting for the news to buy more and I do think PFC has a bright future once they sort out their finance in the long term.
Moniman, you were right, however there will be future funding required and most pis do not have funds or chance to participate, so their tiny holding will be diluted to nothing before the sale.
I bet the company will be sold soon with institution holders pocket huge money, only small pis to lose out here, disgraceful management!
NT to buy any amount, probably large orders are being filled, game on!