Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No reason to doubt they won’t refinance and it sounds from the interview they are already months in to the discussions.
Business has retrurned largely to normal and a great collection rate - they’ll certainly weather the storm. Flush this seller and it should begin to lift.
https://www.touchstoneexploration.com/wp-content/uploads/2020/09/September-Presentation-FINAL.pdf
The recent announcement of the consortium shows a wealth of bluechip farminee partners.
An announcement of the development plan and full farm in will rocket this. At present LOGP are sitting on a proven 2C resource of 340m barrels with 20% net ownership. That is some 68mbo at 2C and a market cap of just £9m.
Cash burn is miniscule and institutions and brokers plus BOD are holding over 50% of the stock.
We know what will happen next - complete re-rate.
Must admit I don’t post here but have been holding for years.
Finally the news we have been waiting for, a huge portion of debt to be secured for project financing is excellent.
This should trigger a complete re-rating now.
What an absolute load of rubbish.. why on earth would disney but a debt ladened cinema chain for 600% premium?
That is pure ramping and dangerous to ill informed potential investors.. and us realists are the bad guys?? Come on.
If Disney wanted to open cinemas they would.. they released Disney+ did they buy Netflix or any other streaming service? No - they do it themselves.
Zero reason for the rise.
Shorts have added to their position, traders have pushed the technical level and are now exiting with their profits and the bulls have been trapped that now bought in on the basis of pure ramping on this forum.
Yuri, it makes no sense to buy shares on the market now to get access to more rights.
The sensible thing would be to trade and buy the rights that haven’t been taken up, therefore reducing the average of your holding (if you can get them).
Buying now on the market just exasperates your issue. It’s a shame HMSO have dressed this up the way they have as shareholders clearly don’t get it.
The profit takers..
As for shorts very unlikely they’ll be closing, more likely adding this is just a traders paradise.
Don’t let hysteria get in the way of reality
Bull trap**
No reason whatsoever for the rally except a technical support level.
As I said earlier if by the end of the month it’s sustained I’ll accept as much but this will be a bear trap of that I’m sure.
Fundamentally this company will need to correct its debt obligations and the outcome of which will not be pretty.
Well done those on the rally, good to see some make money however / there is nothing to substantiate the rise - MMs will play this as a solid bull trap.
Let us see where we are by the end of the month - if all ends well I’d happily say I was wrong.
Surprised at the opportunity being presented for some to get out of this.
The only thing I worry about given our latest discussions is the shock horror on the faces of those who didn’t understand the RI, did nothing and then realise in September that their holdings are worthless.
I’ve been around long enough to know when a BB can’t offer any reasonable debate nor acknowledge the facts (albeit negative) without being called a troll or deramper. Water off a ducks back.
Fortunately there will be some readers who will heed warning and look at things objectively and consider both sides of the debate without the need to name call or post silly comments like “gap up tomorrow” with zero substantive evidence.
The market will decide not a few small time retail PIs posting silly over bullish rubbish on a forum.