Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes it is a fact they have £3.6M in assets. Why didn't you mention liabilities though? Assets mean nothing unless you mention the liabilities and they have £2.4M in liabilities. So the NAV is £1.2M. But wait. £2.77M of the assets are "intangibles" (questionable value often zero) so they have NEGATIVE tangible assets of £1.5M.
This is why I believe the equity has no value whatsoever. DYOR.
Why don't you check the recent interim results. It's there in black and white. Last reported cash position was £16,000 and
net tangible assets are NEGATIVE £1.5M. They have intangibles of £2.7M as well but these obviously have extremely questionable value.
They've been saying the same thing for 15 years. It's jam tomorrow. Every single set of results it's the same.
The company had cash of £16,000 and NEGATIVE tangible assets of £1.5M. It loses money every year. They need cash to stay solvent and another placing is coming.
Shameful the way people ramp this rubbish.
Errmmm....interest has been building for the last 15 years on the never ending series of new contracts! Pity shareholders are down 99.5% in that time! No value in the equity. Lance O'Neills (undisclosed) off-shore company (CCCAL) are the big winners. Any cash generated goes to CCCAL to pay off the interest on the debt. The debt holders are the winners here. The equity has no value whatsoever. But you guys know this already.
Fair value is nil pence. That's zip. Zero. Squat.
This company does not generate any profits so the networking capital deficit is significant enough to completely wipe out any value in the equity.
Ive just stopped laughing reading that. MDZ announced once they had struck a deal with Tesco. Everyone thought wow!. But it turned out it was in fact with a local store in Lincoln or somewhere. They do this all the time.
To all serious investors. Spend time reading back. Read about the amazing contracts and clients. It makes no difference. They are barely solvent and they need to raise cash soon otherwise its game over.
The enterprise value of this pile of garbage is over £2.5M. Who would pay that for a business that always loses money and has completely wiped out shareholder value?
They've been releasing exactly the same garbage RNSs for more than a decade.
Ultimately the shares are worth zero but I'm not saying you cant make money trading the pump and dumps. High risk strategy obviously. You just need to make sure you're out when the music stops.
You don't seem to understand they've been announcing the same rubbish deals for the last 15 years. They never amount anything. I'm guessing most are loss making and profit margins are tiny. Brace yourselves for the next placing. It's coming!
This "company" is controlled by an opaque offshore vehicle (CCCAL) connected to Lance O'Neill.
It is barely solvent. They've had about 15 placings since IPO!
It has a significant net working capital deficit. This in conjunction with being unable to generate any cash makes the shares completely worthless. The equity has nil value.
IMO the current share price is the greatest gift in the entire stock market. If I held Id be selling every share I owned because I firmly believe the shares are completely worthless. Just do some basic due diligence and you'll understand.
************* now have a "Strongest Possible Bargepole" rating on Mediazest. That's a major downgrade from their previous rating of "bargepole".
There's a couple of recent articles on the site.
MediaZest – better it does proper analysis before issuing a formal trading update!
hxxps://www.*************.com/views/49420/mediazest-better-it-does-proper-analysis-before-issuing-a-formal-trading-update
On Monday I noted an update from MediaZest (MDZ) which had seen the shares more than 50% higher to 0.04p. At an attempted no-one watching o’clock (uh oh) 5:18pm yesterday; “Further Update re: Trading Performance”?..
and
I concluded previously I bet the company is considering its funding options and, with also its track record, still strongest possible bargepole – that including after noting the 30th September 2019 balance sheet showed £2.8 million of “Goodwill”, with £0.9 million of “financial liabilities” and more than £1 million of payables.
Agree and I've been saying this for a while. The equity has nil value due to the increasing liabilities and continual losses. And its getting worse with time which is reflected in the share price trending towards zero.
I see there is now a concerted effort now to ramp this filth over several websites. It has to be a ramp because no-one can be be this dumb.
This company has been releasing such "news" for over a decade. Its complete and utter codswallop. Private investors have been swallowing this drivel for years and years. This business has nil value.
Zero. Zip. Squat.
Its hard to imagine a bigger vote of no confidence. It just looks like this guy was happy to get anything back at all from his shares. I don't even want to calculate how much he lost. Id choke on my cornflakes.
Fair value still zero here.