Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I didn't follow the AAA story fully but as I understand there were warrants cleverly structured all the way up. I'm assuming that this is a similar story. If they all get excercised and worked through by the time we are sitting in a stable trading range of say 0.2-0.3, we should be very well funded indeed. Also, I am pretty confident of good news on September 6th but even if that is not the case we should have maybe 3 million quid to chuck at another big punt or two and well managed communications could soften the blow of any disappointment on the Arcadia front. I've said it before, it's Aeristech that really gets my juices flowing and I'm hopeful that some (or all) of any Arcadia commercialisation profits get ploughed in there.
Better than a placing though eh, BD? They go through when the SP is bouyant rather than crashing it. Most importantly giving JN more dry powder is a thing of beauty for the longer term.
It's more of a 'turns out that my glass is actually a bottling plant' attitude and I find it a little irksome mysef. I like positivity but some toehold on reality is more useful to others I feel.
Thanks BD. I missed that post, but I'll not be so lazy in future and I'll add those details to my notes.
Surely the warrants have churned through with these volumes which is starting to release the SP. Forgive my maths if incorrect but if all 1bn warrants are exercised at 0.06 then that's another £600k in the investment pot isn't it? Surely we should be updated on this via RNS, perhaps they will wait until after September 1st to make the calculation. Has anyone got the quantity figures on the other 2 tranches of warrants, aren't they at 0.1 and 0.125 or something like that?
I make it last February since we touched today's peak of 0.094. Please correct me if I'm wrong.
Now we haven't been up here for a long, long time. Looks like we are starting to move folks.
Let's hope it holds or pushes on...
Still climbing steadily and close to ATH. About 8% profit for us right now which is around 18k presently. Peanuts of course in the grand scheme of things but who knows where this goes? Gives me lots of confidence in JNs due diligence...
I know what you mean though, I'm also in that nervous state barely daring to hope whilst at the same time calculating crazy numbers. What I have decided however is not to try to be clever. If we have a successful trial and a fat re-rate I am not going to try to skim the top and buy the retrace as I usually would try to do. My rationale for this is imagining what JN would do next with serious resources, I know everyone compares everything to AAA but really if the Arcadia trial comes off we could well have another monster in the making.
That all said I'd better just calm down, better off to expect the solid kick in the balls that the market loves to deliver.
They must be. Who else would sell at this point? Expect an RNS soon I would say.
Yep. Spoke too soon, back to snooze mode.
Higher highs, lower lows. looks like this might make a bit of a move now. Could be wrong, I often am. MTI Wireless Edge holding on to it's gains nicely today.
Looks like we've settled into a new slightly higher range. The massive volume must have been warrants and hype playing out. Happier in this range though as it's my breakeven and just feels better psychologically. I think we'll see a bump on Friday and then a bonkers week next week.
Pushing on nicely again today, seems like the market likes their contract win/trading update on 12th August. Puts us into profit now and latest broker note is for 100p
How's this?
Arcadia trial successful, 100m goes to VELA. Invest heavily in Aeristech IPO and Blue Air. Aeristech innovates effective hydrogen engine for aircraft. Blue Air orders first fleet and becomes first low carbon short haul airline. I get to retire early.
Suthy - I have to admit that I'm kind of on board with that too. It is depressing to see the day traders and P&D crew coming in BUT there is serious potential here if the Arcadia trial works out perfectly. So much more to the share obviously and I'm here for JN at the tiller above everything else. I can't help myself getting excited about a decent cash influx and where the new investments might go from that springboard...
I think that there is around £1.25m left to invest as well, anyone got a more exact figure?
Yes, and here is the thing that the pump and dump crew are not considering. With a successful trial and commercialisation (which I am personally quietly confident of), what is JN going to do next with that shedload of money? No one-trick pony this.
for the LTHs. MTI wireless has just broken back over our buy in price and is looking pretty strong :)