Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Jeez, that's a massive loss even if they bought in at 23p... It always baffles me that people sell en masse when decent news is released. I've seen it happen with many companies. I'm sure there's a reason for it but it seems to defy common sense.
Just a word of warning to anyone thinking about investing. All the talk of electric vehicles and the future prospects of lithium is great but remember Kod is NOT yet producing even a gram of lithium and has some big hurdles to overcome before it does. Research the company, see where it is in its current state and where it's heading and make your own decisions. Don't just read all these EV news articles and look at the recent share price action and thing 'Bingo!'.
I'm not trying to deramp here, I'm just offering a neutral perspective and a word of caution.
As its a US company, itll be interesting to see how the NASDAQ reacts this afternoon. The name Dr Reddys might mean a lot more to the fellows over the pond.
People always seem to sell on news unless its something that immediately affects the value of a company. I fear the problem with this RNS is its vagueness. It just sounds like we're letting the big company play with our toys. Theres no talk of financials or potential licensing (hopefully that is what comes next).
I'm also plotting an exit strategy. Such as shame because this time last year the company looked to have a really bright future.
I smelled a pump and dump so I sold at 0.09p, might reenter back down at 0.04.
They have embarassed themselves here, and possibly wasted a lot of money... I guess a lot of people were counting on a sale so they've abandoned ship (no pun intended). I personally am excited to see what happens next, given the great fleet utilisation for the year.
I know the RNS isn't the most exciting but at least they're making the effort to keep shareholders up to date with progress. Would you rather they didn't bother and kept us in the dark?
I got the impression that they are using the money from this raise instead. I could be wrong though. If that the case then they're obviously not counting on ever getting the grant, which is a shame. I wonder what went wrong the in the process of acquiring it.
Looks like Seafox are still increasing their position; I'd hope the other major shareholders who offered their 'support' will increase their holdings as well to prevent Seafox taking over.
I honestly don't know for certain, but my guess would be it's just a formality. I'd assume since dilution CMS no longer have 50% of the company, and now they have no representitive on the boardsof directors. I assume the RNS is stating that they are basically now no different from any other shareholder. I wouldn't say its good news or bad news.
Does anyone have any clue what the 'technicality' is that has prevented them from getting the grant? I was thinking it might be coronavirus related but I'm not sure.
Way to kill the momentum... I guess they're legally obligated to comment or something.
I rather hope they do sell off the gold assets (for a good price, not just out of desperation). Sure, they're something Kodal can begin working on once Bougouni (which they claim is their real focus) is up and running, but if they can't afford to get Bougouni up and running then there's hardly any point in having bits of land in a different country that aren't currently producing anything.
I don't understand why people are so shocked at this news. A cash raise was inevitable, BA said they would need to at some point in the Crux interview. It might be sooner than expected but these are desperate times, it's just a blessing that some money is coming from somewhere. What is the other option, other than to give up on the whole operation?
That's a good question, and if the answer is yes, will Emergex (with all it's new million £s of grant money) sit back and just let it close?
Theyre using midatechs delivery system under license. If they get a vaccine out and sell them, i believe midatech will recieve some royalty payments.
Damned if I know, theres a few others of mine down 20+% on very little. Feels like the market is crashing...
I believe they do, by law, have to make it public. It usually comes in the form of an RNS announcing a change in holdings. According to LSE they were sells, but sometimes that can be wrong so I don't know. I guess we might find out soon enough.
Probably not, unless it was a significant shareholder, in which case there will be a RNS stating the change in position. It's a disappointing turn of events; oil has taken a beating, and sadly this company goes down with it, just as I was starting to feel they were turning things around.