Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Who do you think is buying? You don't invest 84k on a punt. I can see allot of potential in audio-boo. The fact seven Fry & Prince Charles are fans cant do there image any harm. I think Audio-boo could create a app for smart phones. Unlike you-tube,they have allot of well known faces using there site.
I think they wanted too suck shareholders for a rights issue which was kept back. But did not plan on someone questioning the the value of the deal in Thailand. With the fall,there will be even more dilution.
This is a great site,check it out. On the 17 of May if they get shareholders approval,we will own this site. http://audioboo.fm/
Sunday, 4 May 2014 BOOM.....!!! One Delta rises more than 100% on Audioboo reversal Unexpectedly, Friday turned out to be an eventful day for three of my current holdings. Firstly, on Thursday, One Delta released news that the acquisition through a reverse takeover of Audioboo had been agreed subject to shareholder approval with the new company to be rebranded as Audioboom. Whilst I don't hold shares in One Delta, I indirectly have a proportionate 20% stake in the company through holding shares in UBC Media. One Delta's shares returned to the market on Friday after a period of suspension, and soared over 100% in a day. It's highly speculative of course since the company is not set to make any meaningful revenues in 2014 whilst it concentrates its efforts in rapidly growing the volume of content, investing in technology, increasing the number of registered users, listens-per-user and content partners. At the current share price of 3.625p, the market cap. of the enlarged group would stand at just under £17m which clearly can't be justified on fundamentals, but compared with the multi-billion dollar valuations of other successful social networking sites, it could turn out to be grossly undervalued (Twitter is currently valued at around $22billion). This is great news for UBC Media holders, Simon Cole, CEO of UBC Media, will become a Non-Executive Director of Audioboom, and UBC will be its largest shareholder with around 20% (including warrants), and bodes well for their own reverse takeover of 7Digital. 7digital have grown revenues 289% over the past five years, and details of the reverse takeover are expected in May (I anticipate that this could be as early as next week) at which time UBC Media shares will return from suspension. It appears that investor appetite for these types of companies remains high, and I expect 7Digital's listing to be very favourably received by the market. Of course there are no guarantees, and we shall just have to wait and see, but I do like the potential synergies that exist between 7Digital, UBC Media and Audioboom.
If the deal where to go ahead,they would still have another fundraising as they are running low in cash,which means even more dilution.
Someone is accumulating these shares,some really big buys for a company this size. 12-May-1414:32:054.20 2,000,000 Buy* 4.004.25 84.00k O 12-May-1414:32:004.20 2,000,000 Buy* 4.004.25 84.00k O
Quite a few delayed trades,think there short of shares.
Quite a few 1.5 shares buyers,someone is topping up. I was in here only for 2 days & sold out on the peek at around 2.6P. Shares where over bought then,only reason for the rise was a small contract gain. They are a loss making company. The BOD are a complete joke. Unless they get a major contract win & start making money,cant see any upside here. Then again perhaps news is imminent & someone has got word of it.
Asset value of 92.6p?
When ever a company does this,it is never good for the share price. Galantas announced on 23rd January 2014 that the Consolidation was passed at a Special Meeting of Shareholders on 16th January 2014, with determination of the consolidation ratio by the Directors. The Directors have determined that the Consolidation will be on the basis of 5 old shares for 1 new share. The action is being undertaken to improve on the current trading price for the Company's securities as it falls below the minimum price requirements for private placements as set out by TSX Venture Exchange Corporate Finance Policy 4.1.
There was a large buyer,hence the rise. If they where too sell,then this will go down like Alantas.
The shares where over bought on the rise,only reason most people bought where because shares where going up. I sold at 2.6p. They are a loss making company & they are raising money which will dilute shareholders. They released a RNS which stated that "they know of no reason for the rise" in other words we have no new contracts & think the share price is over valued. Until they get major contract,there is no upside too this share & there going down.
In other words,this is the end & the shares are worthless. However, the Board of Albemarle now believes that these remaining options open to the Company, which could include the sale of the business at a level below the current level of financial indebtedness, provide no realistic prospect of any value being attributable to the Company's ordinary shares.
No hope for shareholders,stay clear. There major shareholder wanted nothing too do with them & the banks want there money back. They will go into administration soon & the shares will be suspend without warning & become worthless. The group had been looking for a rescuer since a formal sale process began in December, but despite some early indications of interest none of the proposals were deemed to represent a fair value for the company it said on Monday. Albermarle’s lenders have agreed to a grace period up to 31 March while the board explores the options to maximise value for all stakeholders. “Whilst alternative options continue to be explored, the board of Albemarle now believes that, depending on the final outcome, there may be limited value attributable to the ordinary shares,” its statement said. Albemarle has been a victim of the slump in the gold price and increased competition from the likes of payday lenders and other sources of short-term finance. Having admitted to smelting its own gold stocks to provide cash, the group said in December it was close to its banking overdraft limit of £53.5mln and was in talks with its banks over a possible breach of loan covenants.
Think it is a spike before the death. Market makers mostly likely bought up allot of shares before spiking it up. Company has too much debt too survive. Only interested party wants too swap debt for equity. Shares will no doubt be suspended soon before any announcement. So anyone who bought in will not be able too sell. I think anyone interested in buying the company will let it go into receivership & pick it up even cheaper.
Look at the value of the transaction,they are all relativity small,not many above 1K. If anything positive was going too happen there would would allot of trades 5K plus. One seller at 10k & that is it. This company has too much debt,they bought allot of gold & got stuck with it when the price started too fall. The only interested party wants too swap there debt for equity,wiping out the share holders,read the article.
There is no future for this company,your entire investment will be worth nothing if this goes ahead. http://www.cityam.com/article/1394427503/bitcoin-investor-eyes-albemarle-bond-buyout Plans for the deal, first reported by the Sunday Times, could open the door for a debt-for-equity swap, wiping out shareholders and giving Fortress control of the high street chain.
If they release a RNS regarding the rise & state" We know of no reason for the rise" this share will sink just as fast as it rose. No one had any interest in buying them when they where put up for sale. There major shareholder would not put any more money in.
N+1 Singer analyst Andrew Watson said: "The failure to secure a successful transaction means that it is likely that the business will go into administration at the end of March, excluding a last minute solution."