Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If Shorts were right more often than not then the markets would consistently go down.
...and any comparison between PFC and MCG as businesses (or sane investments) would be a mistake, any time PFC goes up meaningfully I'd suggest it's a good one to short :-)
There are plenty of situations where a short is a good move, after a rapid rise on an AIM stock for example, but if you can't find a better risk / return ratio than Mobico for a short at the moment I'd stick to Longs.
Agree Draft. Someone ultimately is going to see great value out of EMAN, whether it's us RIs or not remains to be seen
MOBICO, I bloody hate auto correct. I changed it twice from Monica LOL
Going short on Mobica is simply a stupid thing to do.
No doubt there's a chance of the SP drifting down over the coming few weeks but it's not more likely that a gradual raise, particularly with (as you say) the obvious value here, the potential American sale, the family increasing their stake and the endless takeover speculation. You have a marginal gain on a short weighed against a potentially huge gain on a long.
The SP is much more likely to go up than down, and that's without taking account of any corporate event, which lets face it, without a rapid turn around in the companies performance is a raging certainty.
The BoD can't keep 'batting away suitors' if they don't start delivering some value for shareholders.
The SP here only moves upwards on rumour and speculation. It needs to be able to do so on the company actually delivering some good results, something I've not seen for a while.
In either direction...?
This is Mo we're talking about, it'll be slightly above expectations as always. Under promise and over deliver.
I expect he even gives Mrs Mo 30 seconds longer than she was expecting LOL
No logic to the SP movement already this morning. Very very strong buying in 30 and 50k lumps, all very close to the ask, and then without a single trade near the bid they drop it, which then gives them 2 sells. Typical Snare and Scare.
Starting to think my through 30s prediction has legs.
Creep up the share price to entice you into selling, then drop it sharply to scare you into selling, rinse and repeat.
If I didn't know better (and I don't I'm just wildly speculating), I'd say a price has been agreed and someone is sweeping up a quick 3% (maybe 5% by the time they have 48hours to declare) on the cheap off the retail market whilst doing DD before it's announced.
Or maybe not, but the behaviour fits... If it goes through 30 tomorrow then I reckon I'm right. If it goes back into the (Friday) 27s then maybe not.
Yep, and at 14.28 when it was recorded the Ask was only 28.5p. Keen.
Very odd price movement heading into the last hour. The trades (on the surface anyway) don't support the rise.
It looks as though the MMs are pushing up the price to encourage sellers. I said someone was accumulating earlier in the week and this sort of thing only reinforces my view.
I'm looking forward to seeing the TR1
Yep. Steady as she goes.
I believe that Imutex is still the non-core non-asset (LOL) which is most likely at some stage to provide a Special Divi / Div in Specie to shareholders, it's just entirely dependent on our 51% partner deciding how they want to proceed.
Regarding DIM, that seemed like a great idea to me at the time, medical data is worth millions and a subscription licence model is a great basis for a high-profit, low-cost business . I concluded that it didn't proceed because of some legal issue with selling data, but the timing of spinning it off as a separate entity (NASDAQ) being entirely wrong is also an option. If the latter is the case then it could come back at some stage too. The fact that POLB use the data under licence (recently renewed) means that it must be possible on a larger scale.
As for the third spin-off that didn't happen, I think I remember it being 23% of something, but I can't remember what...
Imutex obviously does have value, and potentially great value, but at this point in time we don't know what that value is and when/if it will ever be realised.
It was valued at zero on the balance sheet along with the other potential spin offs that didn't happen just after Mo joined, and I always assumed it was one of Mo's conditions of taking the job on. It enables him to do things the way he always does them, which is under promise and over deliver.
If Imutex never comes to anything with it valued at zero on the balance sheet then nothing is lost, but if it realises a big gain then everyone is happy and Mo (rightfully in my view) gets the plaudits again.
To answer your question, I guess it would have to be given a nominal value to be classed as an asset but that's just accounting. The new entity would have to have a board and other minor running costs too, as someone has to take the decision how and when to sell the asset and distribute. When I realised that was when I thought it might be easier to put it into the hands of POLB to administer or simply auction it off, although I doubt it would realise anywhere near it's true value.
I'm sure CF is on the case anyway. He doesn't strike me as someone who gives things away if they're worth something.
Great suggestion Parob, but I fear Hallsworthy is right, SST has a vendetta all of his own and if he damages your investment here by winding up others over there, well, not his problem.
Still, I'm sure Hallsworthy and Moniman will do the honourable thing and consider staying away from here at least until SST (in one of his guises) pitches up on one of the HVO boards again. If he does (when in my view), there's just no helping the situation and you'll know that it's all of SSTs making.
So is the answer just to spin off our 49% into a private entity (assuming HVO is sold), and if it ever achieves a cash value then distribute to current shareholders? But even the most basic vehicle has costs....
Maybe just auction to the highest bidder, take what we can get and distribute. It's valued at zero anyway on the balance sheet.
Need (say) £5m to keep going, current market cap of £500k. Dilution of circa 1000%
Screwed
Pedro
Extra passengers on the bus make the bus heavier, therefore uses more fuel, thus higher overheads ;-)
Only joking. This rise has got much much further to go for those with just a little patience.
At the moment £500k, but read the last line of tonights RNS. Another placing coming and at the current share price that massive dilution. 50% less tomorrow
It might take a few years, but the key is that the company never needs to raise more funds to keep the lights on. Raise to expand is fine, raise to increase production is fine, even raise for m&a is fine, anything that adds at least the equivalent value to the business.
As long as the products develop and revenue outstrips costs, in my view, at some point in the future, ITX shareholders will do very well.... especially if you're lucky enough to be building your holding from this level rather than like me at 45% down.
I forgot to add, although my intention was obvious....
The new POLB shares would be immediately distributed to HVO shareholder pro rata as a special divi.