Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Question.
If he buys another 180,000,000 shares ( just £180,000) before 28 April, he will own 30% of the company at the present number of shares plus this weeks placement shares.
He would then have to bid ……at what price? Would he have a buyer lined up?
Insufficient time, not everyones brokers involved…mine weren’t
In lieu of legal fees? Tesla snaps us up? 1.0 pence…or more at these share numbers now?
Have bought in at 0.1 pence immediately. They are going to want to make money now. 0.4 pence due after some news re orders soon. This may do a Helium One if they can spin some good news. Has news been held back deliberately?
There
£30m. Loose change for Tesla……Get you cheque book out Elon !
1.0 pence a share. 7 bags!
Or below….you have to think like a MM. they will do all they can to make their wedge today
Just like Helium One….which dropped below placing price until good news when it bagged
My broker showing open at .00135 GBP
Big surprise….says the man invested in COPL !
£2 million received. Other offer extended to 3.00 pm
Given what we saw yesterday at close, I would wonder when and for what reason RNSs will be released today, typically a bad day for RNSs. Will they be held over to Monday ?
We are due one to release the results of the bookbuild……at 08.30 or before?
TR1s must be due as % holdings have been diluted……or will this come when shares hit the market, particularly at the end of April?
Shenanigans aplenty today. If the offer has been fully taken up ……. Will this cause a spike even though the new average price should be much lower?
Todays closing price is showing as 0.17 pence.
Take this times the present number of shares and add the new 2.2 billion at 0.1 pence yow ill get an average price of 0.116 pence for the new total number of shares.
Before the drop after the Tesla issue which is now resolved, the price was 1.7 pence.
With the new number of shares, that would be equivalent to 0.43 pence…….. a 4 bagger !
That is before the improvements outlined in the RNS and a return to normal trading and cash flow.
Funnily enough, 0.43 pence is about the average Dr Cooley paid for his existing 2 share holdings
With nearly four times as many shares!!
Pre drop 1.7 pence/4 equals 0.425 p at best!
The Dr needs 0.48 pence to break even
Next week the staff have to be paid. Will that use up the remaining cash balance from end of December 23
He needs 0.48 pence to get his investment back. He is not out!
Dr C needs at least 0.48 pence JUST to get his investment back !
Remember that Dr C has invested close on £400K in this company.