Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Widglide,
I don't take exception to what you say, because, you've been stung - and so far, have been correct in some ways.
I invite you to state what you think is going on in the background and why it is a lifestyle company when salaries are minimal?
However I shall make a comment that I would like other people's views on - and this may tally with your hunch, Widglide.
There have been several companies delisting off AIM/LSE recently (biotechs) and stuffing shareholders.
They've then gone /going across to the States, where they are valued higher and fundraising is easier.
My niggling suspicion with this is that the Bill Behnke consortium and Ciz will go for private finance/ delist and make them all rather rich.
I'm not saying this will happen, but this is my suspicion to the negative, and with the secrecy of Ciz , it doesn't assuage my fears much.
One of the things I do agree with OAPk on (and Widglide) is that Ciz treat us PIs like pondlife. Useful fools maybe , in the bigger picture?
Well, that's what Allenby capital told me yesterday, FF.
That if the money doesn't drop the company should RNS that.
I do not like how this company operates with Comms. They are far too secretive and misleading with wording.
You only have to go back to the " engage in clinical trials " RNS
V poor towards shareholders
Ps Fastfood. Totally agree with your posy about price sensitivity.
Jace, the company have got to get into the mindset of being more open with prompt RNS', but unfortunately, using this as an example, it seems they are going to continue in the same vein.
Neil, don't worry ..
I don't fall out long term over anything really.. I like hearing different opinions.
And I like it that you've come back with a bit of fire in your belly! Good to see your long posts again.
RNS regarding cash - I really do think that long-term shareholders (I would class myself as being medium term now) deserve regular updates.
I think, if anything, this last 2 months debacle of communications has proven that news blackouts and questionable company statements lead to all sorts of speculation.
It's not good for informed investing.
Neil, see previous post regarding "insider".
As far as Ciz RNSing the $100K I totally disagree with you.
It goes to the heart of the problems experienced over the last 8 months.
Shareholders need to be kept up to date with changes so they can make informed decisions about their investment.
Dvharrison.
I don't mean that Neil is an "insider" in the context I think you're suggesting or any derogatory way.
I mean that I think he was (as many high value investors are across the board) ) asked to take part in the fundraising.
From that point on anyone asks to take part in a fundraising has " inside "knowledge as they will know where the share price is going short term , and what wider effects that will have.
I'm guessing that Neil knows about the $100K , but that is purely an educated guess. (Apologies Neil if I'm wrong about that one)
Science Vs engineering ?
Semantics really. If it fails at commercial level it won't matter whether you term it science or engineering! (And remember we still don't know the science of the sensitivity specificity at scale)
TS ..
I agree with the selling.. I think it's still a churn of placing shares.
It makes no sense otherwise as I cannot see that anyone who was in at recent weeks/months making any profit.
The only other explanations are distressed seller, and/or shorting.
But I doubt it would be shorting with news on the agenda.
I can't see it being the Telegram groups..who would be selling in bulk like that to drive it down? It would mean some of the group making a loss
Hi Neil..
Well, let's face it, you are an insider aren't you?
After being (I'm taking it ) offered to be part of the fundraising, your posts have been compromised.
That's just how it is.. you would have known that a bigger cash deal with biotechne wasn't happening, that the drawdown wasn't happening, other things.
So it's hard to separate your posts from knowledge you have, that we don't share.
BUT , as regarding this $100k, if it is not material then I don't see why you can't share?
But if you do know about it (and I'm guessing that you know the company has received it) then we have a very two tier message board.
And it's no longer one that shares information
Cheers Fastfood. Can't do with these petty personality things and he may miss something.
Anyway, just talked to Allenby Capital, and they think it IS MATERIAL either way, and should be RNS'd if it comes through or DOESN'T come through
Tim's phone is ringing out. I've also sent 2 texts .
Not impressed. Again!
Can someone do me a favour and post Jace a message on here to unblock me please. He took umbrage at me calling into question is value of £££s ...!
I think cancel culture is silly..
And on here, we're repeating the same things ..
So if anyone can post him a message to ask him to unblock, we'll get further together, and then he might see my reply if I get something from Tim Metcalfe
Highlandmatt.
This isn't about the science.
This is about an agreement and a contract.
Whether the money comes, reveals the confidence in the science.
If the money doesn't come and the agreement isn't made, Ciz is cornered.
So first things first. Still waiting for Tim Metcalfe to get back (maybe he's cheesed off by all the negative reaction - of people losing cash -because Ciz told porkies)
Like I said the setting up of time-frames and expectation by using video comms has a short time frame.
Without hard news , it sets an agenda that it can be traded.
And by hinting at widespread good grades at bulk sampling, this can set up for failure also .
I think the BOD - while enthusiastic and pro active - are a bit naive with this. The market obviously only wants to see hard evidence now.
Could do with the BOD learning a few lessons and surprising to the positive.
It's playing a poker hand with all the cards face up.
Expectation - tax losses/JV/ high grades etc creates disappointment in the vacuum of news
Right, the company can't have it both ways here.
I'm going to call Tim Metcalfe and ask if we've received the $100K.
If Tim says he can't comment because it's material news , then it needs an RNS by definition.
If it's 'not material news' he can tell me.
Tim reads these boards, so expect a call/text soon Tim.
You can't have it both ways.
Oh lord...Mornington's here! Earl of Aim will be turning up next.
Ojls - remember when we were talking about value and share price a few months ago.
I still think that LST is suffering from the same problem: they're definitely on the right track and business is building, but there doesn't seem to be a catalyst for a re-rate.
It's very softly softly catchee monkey, which is pretty good but I can't see where the huge advances in share price are coming from. Maybe the cumulative effect of growing revenue will hit a critical mass.
I'm still a little uncertain whether they will need a fundraise or whether revenue is now self-funding them