Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Folks,
I know little about the oil and gas business but I have 20 years experience as a Board member in a shareholder or PE backed businesses.
What I can say is that share awards for the BoD are not only standard practice, they are an intrigal part of their package and motivation to put them in the same boat as the shareholders. What would we have as an alternative, pay bigger packages to attract the best talent and drain our cash reserves quicker?
I currently work in a business that has gone through a journey of a valuation of £200m to £9.3b in less than 10 years and a key element of success is the allocation of sweet equity to every Director and senior manager. This is offset by paying lower than industry standard salaries but the ultimate rewards have been much, much higher.
Needless to say, I see this as a very positive move.
Thanks Jimmy. A useful and informative post rather than the irritating drivel on the topic below.
Agreed. Great find.
Other than Jimmy's analysis, I particularly like the emphasis on unity of the consortium to enable speed to production. I know the BoD have already said this but it is good to see this emphasis with the other 3rd parties.
Molehead,
You are quite right. My business was on an exchange that lacked liquidity and one mischevious day I placed an order for 1000 euros at double the share price. The priced rocketed and all the brokers were p****ed off but we did it to prove a point about how laughable the stock price was.
I don't think aim is that bad but it is a bit amateur at times.
Folks,
IMO this is nothing to do with MM's. Aim simply lacks liquidity which is why you also see some absurd spreads.
We just need to wait for the CPR.
GLA
Star,
You raise a very valid point. The BoD could have issued the cpr report and possibly raised 50% more cash for the same number of shares at a higher price. That's what I would have done with my business.
So the million dollar question is why do it now at 18p?
Great find. Good publicity for chariot.
MH
I put an order in for 250k and it could not be executed and went into pending. It was executed at this time but it is interesting to see they had to put it through as 50k blocks
Agreed. You would certainly think they would not make this appointment without knowing the full content of the cpr report
Thanks folks and Jimmy in particular (as usual!!)
It seems to me that whilst we may face some technical issues, these could be overcome, and I don't believe the financing or demand will be an issue.
The board could be spinning us a yarn, and it would not be the first Aim stock I have held that have done this, but I doubt it.
Therefore the biggest risk is a political one and the Morrocan government either
1. Have a change in strategy
2.Get more ambitious (greedy)
3. Simply change the licence terms
Thanks alot, GLA
There are alot of very good posts about all the upside to this share but does anyone have any views about what could go wrong? Personally, I am born optimist and sometimes struggle to see downside and have been caught out in the past.
Bankrupty
I'll also share a sob story.
About 25 years ago I bought 20k shares in a company called staffware at £1.25. I sold them 15 days later for £2.50, making me 25k and I thought I was an investment god !
Within 3 months they were £45 and would have made me £900k. It took me years to get over it.
I have alot of char shares and I will not be selling out early this time ????
GLA
Agreed. From an investor viewpoint this is all but a dormant company.
Let's not debate ramping. These are not institution volumes.
Let's discuss Jimmy's post which has far more significance and is based on fact.
Jimmy,
Thanks for posting this but I should stop reading them as I am already over committed with millions of shares and I am tempted to buy more !!!
Useless BoD. Worst I have ever come across.
I sold a few off and kept 1m shares as a complete gamble. If they were 10p it would be too much of a gamble but at these prices it is hardly worth selling.
You should look at chariot on proactive investor. Their trading has gone bonkers in terms of volumes with two consecutive days of 25% rises but their are multiple returns still to come.
GLA
Thanks Jimmy.
This is, without a doubt, the most exciting share I have held in 20 years (albeit it has taken me 10 years holding this one!)
I must caveat this as not being an expert in this space but I would imagine timescales could be something like the following
Q2 - Audited results
Q3 - Offtake agreement signed
Q4 - finance agreement signed
I suspect that the finance agreement will be dependent on the offtake agreement and the better the offtake is, the cheaper the finance will be.
Jimmy is the real expert in this space so I would welcome his views.
Thanks for posting. Compelling reading.
It has been sometime since the RNS. Does anyone have any views of how long it should take to get the audited results completed and published? Personally, I don't have a clue!
Regards
Well I have finally sold some. I only had to offload 275k of ones I purchased years ago, the highest at 25p (ouch !!), which incurred enough losses to offset my gains this year.
In short, I have kept 1.2m thanks to the input from everyone I decided to ride it out for another year !
Chariot up again today so at least that is putting a smile on my face.
GLA