Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wait until results out first. We know they got giod progress this year and close some contacts . Income not as bad as it sound. The main poin in this company come from top CEO . He is play game and destroys it for his owe gain.
They need 700 millions to finishe this building so they cant find any source of fund so then they need pay interest end of this month too. That is why this share at 038p now.
If thing good as it sound it was 170p per share now you can but a share at 038p . There was half build so they need more money to finish or abandon the project. On RNS clean state if they can find other fund and find solution there is nothing left to shareholders at all .
That is why this share down on and no hope. On project update they said on 1 May lender can demand take money from secure bank so company left without money at all as the last promise end of this mony they need pay interest or lender will action to secure thier fund.
Abandon ship and they will not pump 20 millions more to keep the light on this company as no hope at all.
Now it become gambling as 50 /50 and maybe it will return good . As it have same value and if someone jum in and buy all it can give a good trade .£ 5000 buy in is good gamble now if it lose that is we know if it can come back life it crazy up.
Could someone set up a action group for shareholder and give CEO a list of questions we concerns about management as this show not the way forward. It is out interest for again any misleading info and spot them out of the way as they show again standard of doing business. I would like to give my support uf that group can present out to find out and protect shareholders 's value
If this company finish how can they won more new contact and extension more work for them to secure its future? Just month ago a RNS state they won 1.2 billion new contacts and it have secure guarantee so they need to secure second . That is make sure they will get over whatever situation .
COE play dirty job in this company and now we are all aware this. He will be soon fukc off this job and someone will take over his post.
Going forwards and as announced on 28th March 2024, there can be no guarantee that senior lenders will consent to further extend the current waivers. If no extension is agreed, deferred interest originally payable at the end of December 2023 and at the end of Q1 2024 will become immediately due and payable on 1st May 2024. If these amounts remain unpaid after becoming due and payable, the senior lenders will be entitled to: (a) immediately cancel the undrawn portion of the senior debt facility; (b) declare all outstanding senior debt amounts (including interest) immediately due and payable; and/or (c) seek to enforce the senior lenders' security, which encompasses all or essentially all of the group's assets.
So from 1 May senior lenders can claims all money company owe and block money secure from bank to pay them , That is all lose abilities to keep company on light . there is nothign lelf at moment .
Could one of big shareholder pump 20 millions more to keep this company life on or they will abandone it end of this month? They still need money to run bussiness as normal and there are many thing need money to spend on. Not simple as big company there are a lot thing to spend .
In US investors can sue Apple for misled infor so they have paid back compensation . In here CEO can say anything they like and just gone without any punishment for their action. It time to move buy and sell share in US now as it show UK market less and less favored.
How FCA just let all of that companies doing all sort of things to milk money from market . Yes those money should support a real company development and growth to create wealth for everyone but they need spot bad actors at first and punishment anyone who committed those crimes activity.
Only thing company will do is selling everything to pay creditor and debt . What clean said there is nothing leftover for shareholders . Any changes to get it high before it die very slim as they show that all the best they can do but nothing can save it from administration soon.
My question why do they want to bring share price down? They show rhat they play this gave for thier benefit and seem scared PI with many bad prees but hide good news. How big shareholders spot out and give them thier voice about abuse they took until now . Shareholders should request GMT to vote them out now.
That is we need some regulations about responsibilities from Ex CEO if they crash share value they will ban to take other job to prevent them milk market again . Yes if company crashes so ban bonus to as it not worth to reward CEO if company lose it values.
End of thus month they need to pay interest to so how can they find money to pay now? As soon as this happened then the promise on end of thie money will be default pay interest to lender. There will be more bad rns soon .
Yes good news they never public a rns but they intens public a bad RNS to bring down price on share. How this turn out we need a voice to give them some thoughts and should all shareholders report back to FCA about misleading info market sensitive news.
They have over debt multi millions so how can they pay it back event they sell its projects not value at that price . Haft mine built worth nothing and all building not finished yes .
Abandoned ship just others bad CEO with promise so muck and keep bad thing from shareholders until last minute. How FCA could take ex CEO to take any responsibility as it show CEO and BoD misled info . If they didn't anything how convince new investors support share in financial market when all crock only try to rob and steal money from investors?
If you lose money this year you can claim it back on next year on any capital gains from next year as soon as you can make it . Life is More important than money as soon as we are health and active so it is not in the end of the world.
Yes this is doggy management and CEO all of them must be fired as they show how destroy share they did .As soos as they are in charge this company share will never recover . Big shareholder need request GMT and vote to kick all of them out and find someone who can bring this company forward. Public company so money is free so they just find the way to milk it. nothing good about them why do we keep them now?