Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Or you could say that the team is now in place and some news is just around the corner. Am I wrong or has something got to happen within 6 months? I, like all the VDK shareholders feel like a sheep that has been sheared but if the first buy by Bob Holt is a good one then there maybe some meat on the bone to chew on.
Roger, Mr Richards is saying " please vote for my way or else it is likely that, potentially, I will have to consider something else". "Robbing Robbo" is running scared. I wonder if the GM is going to be pulled.
You do not usually add to your holdings and then vote to wipe them out.
Well, if Peel Hunt are against the proposal, they do not stand a chance.
As usual there is no news on current sales. I am a definite NO. 2023 H2 figures should be released, the smell is almost unbearable.
I think they need 75% to approve. If the AGM deal was scrapped because the major shareholders did not want the board to gain control by the 100% placing it is difficult to see why they would agree to such a blatant giveaway. If you approve, you are certain to lose almost everything. If you vote against then an alternative will have to be considered. It seems to me that it is a no brainer and I will be voting against. This is another attempt by the board to use the threat of collapse to ensure that they get their way. There has been a reasonable amount of buying today, so at least I am not alone in saying to the board " bring it on, if I go down so do you"
Anybody other than the bond holders that vote for this proposal must be mad. Not even 40 pieces of silver are on offer. I cannot see how the board are going to get the necessary votes to get this through. The company is almost up for sale.
I agree that administrative costs are way way too high The loss per £ between revenue and costs is coming down and the move to the new factory should bring costs down even further. If sales are rising, economies of scale should help. I still believe that the company has a decent value due to the proven sales of its product. Whatever happens I will one of the last to know about it.
Roger, Verditek have a product that is selling. That means it has value. Metrotile do not seem to be concerned that their product supply is going to stop,
Roger, I share your frustration but things are beginning to turn. Metrotile are only the UK arm of RTG. Similar mock up roofs will be ongoing all over Europe. RTG believe in this product hence the investment. If you look at the article from Metrotile on the 12th you can see how good the product looks. Why Verditek have not mentioned these bits of good news is strange.
Look on David Padmore blogs on linkinin. He is the sales director at Metrotile. Dion Black posted that a mock up roof had been built for a major house builder. Says they were impressed with the whole setup and is confident of at least a pilot order.
Metrotile eqube solar tiles are Verditek.
When I say good news, I mean some news from the company. Reading the latest news from Metrotile orders seem to be going well. First instillation in Ireland for instance. I wonder who the major building firm is?
If we get a tiny bit of good news this share will go ballistic.
Roger, the big boys are still in and we know the 4M sell had no TR1 so maybe....just maybe? If the company has a future someone who buys at this price will pick up a bargain. The drop on so few trades would suggest that there are a few sell orders waiting to be filled. At least the boards minds will be focused on trying to find a solution. It will be a shame if this ends badly, they do have 2 really good products.
I was expecting a TR1 on the sale of 4M shares. Not good news, but not as bad as I first feared.
Not looking good at all.