Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Knows! That's the risk with SPACs.....
I guess people are hoping that GSB Gold Standard Banking Corp will wish to do something with their 28% shareholding here, picked up in 2020 and the fact that they have announced they wish to do an IPO. Maybe something, maybe nothing, who nows!
So do I Robinson, GCG has a very small free float. Let's hope they can put into place their stated objectives and hopefully also in the not too distant future!
"The acquisition strategy of the Company will be focussed towards the identification and acquisition of companies or businesses which are run by a management team with a strong track record of generating growth for shareholders and a proven experienced business record; and/or have solid commercial prospects within the fintech sector in general; and/or are within lower risk jurisdictions, within countries with a strong focus on protecting investors' interests, low sovereign risk and those that encourage and incentivise investment; and/or have revenues which offer the potential for near-term positive cash flows; and/or can be funded adequately to be capable of delivery of a realistic plan of achieving credible milestones and significant growth opportunities for shareholders".
Dufry, one has to 'assume' that an RTO will take place at some point, hopefully in the not too distant future. "Golden Rock Global Plc (LSE: GCG), a special purpose acquisition company ("SPAC") incorporated in Jersey and formed to undertake one or more acquisitions of a target company or business in the fintech sector". Back in 2019 "During the year we came close to completing an acquisition but late in the process it regrettably became clear that this would not be proceeding." Obviously the question are the company pursuing something currently? Hopefully they are. I bought in for this action. Day traders will leave. No this entity will not get $2Bn. As a recent example, I am still up 1200% on LEX. after Richland Resources 's RTO.
It is only a guesstimate .... not a bad rule of thumb, but often 10% of RTO value for the listed company. If a relevant party has many shares and a large interest then it could be a little more.
Richard has committed some considerable funds to SNT, £500k now. I’m reasonably confident that he
would like a decent return. Definitely “skin in the game”! Who know’s what JV, or other outcome may happen in the
not too distant future?
Shall be looking forward to following the results as they come in.
· Contract signed with an experienced local drilling company for an initial minimum 610m diamond core drill programme at the Jones-Keystone-Loflin ("JKL") Project
Brought in and will now look forward to a journey following this team.
Perhaps they were not going to get the RTO through anyway. Hopefully it was not shareholder sentiment that was the nail in the coffin! Disappointing.
oldblue, you state you want this nonsense stopped. Not happy with 70%, fair enough. What outcome are you looking for, other than getting your money out after the RTO has gone through?
https://ptarmiganhealthdestinations.com/corporate-overview/ p13. Also £1Bn was the figure that Edi Truell mentioned in a news article a little while back. I found it interesting that potential investors were flying over from the US, to visit the Evolene Valais.
https://www.disruptivecapital.com/portfolio/ptarmigan-health-destinations/. "a land bank comprised of 89,000sqm".
https://www.lenouvelliste.ch/dossiers/le-valais-qui-se-transforme/articles/cedriane-de-boucaud-truell-evolene-merite-d-etre-connue-sur-le-plan-international-814031. "the Truell couple plans to invest 125 million". It is unclear what all the assets are worth? Not sure you can raise 125m on a run down hotel? I also met a fellow school parent just before lock down and he was telling me of some of his US friends who visited Evolene Valais, with an invite to invest in parts of the project. However we can conclude the vision is to build a £1Bn company, as set out in the RNS/links.
I originally invested in SNT when the company was beginning to turn profitable. I further invested, following in behind the Truell's and after meeting the team, who seem highly professional and motivated to succeed. The vision outlined is to create a £1Bn company. I hope the RTO can go through and I will back the Board on that basis.
I'm sure there are. Take a look at BOU (Bould Opportunities), currently delisted from and awaiting news on a relisting elsewhere, another "recognised exchange". Perhaps from the Truell's point of view another exchange could provide other benefits, such as easier ability to make future fund raises. However the options have not been outlined to shareholders and so the delisting seems a risky direction. If the regulators do not like this 'concert' party, who's to say another exchange would be more welcoming?
Paulo, Just read through twitter posts and Telegram posts.
Waccamacca, that's where I've been struggling. The assumption I'm making is that there will be a rerate, once the shares come back to market, moving up from 325p to reflect the value of the Ptarmigan assets, along with the $130m fund raise there? Fingers crossed all comes together, not wishing to raise hopes too much.
OK, so 1000:1 consolidation, new shares issued & £45m raised, £9m in bank. New share price of 325p, 70% up on suspension. How do the assets of Ptarmigan fit in and get valued and reflected in new Market Cap of Health Destinations Plc. How does this affect the share price? Has anyone looked at this?
Crizmo from CTEAs website:- "we use irrefutable blockchain technology" "Using undisputed blockchain technology, we help business ensure your workforce is truly accountable. And importantly, your people and customers can have complete confidence in the processes you use to manage and protect them."
Probably a quarterly reassurring nothings changed wouldn't have gone amiss. However it is the end game that I'm most interested in.
I took the view that the Company would tell us if the RTO had failed, otherwise no news is good news and conserving money, rather than issuing an unnecessary RNS. However, its a balancing act and the good news is that we can all be reassured that the proposed RTO is still going ahead. Hopefully we will all be rewarded for our patience, preferably early next year.