Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I don't know if God's looking after you, or if other investors who don't necessarily care about God just offloaded their shares. It was a big drop for one day - is the drop over?
600LT "Scott Ritter was convicted of unlawful contact with a minor and five other charges in 2011 after exposing himself via webcam to a police officer posing as a 15 year old girl in a sting operation and subsequently spent two years in prison"
He sounds exactly like the sort of "balanced, fair, reasonable" person I would follow, NOT
As a former investor in a NZ dairy farm I can tell you that they are not “financially precarious and on a knife edge” - with the current global dairy prices they are laughing all the way to the bank! And that is with no subsidies in NZ. The strong dairy prices will help fermented milk compete, because I’d say price will be one of the biggest hurdles at the start. But fermented milk will be an interesting new sector to watch
Just looking. Could be a possible buy at this level. There’s no doubt this technology is the future if someone can crack it
Unfortunately the EV charger (amongst other delivery failures) has probably spooked a few investors, so despite the good news of Keltbray and the “Power Tower”, we might need to see an actual delivery before the share price moves again. Some geopolitical stabilisation wouldn’t go amiss either!
If some analysts are correct Russia will take all country to the east of the Dnipro river - putting Ferrexpo's operations on the wrong side. Also their product moves through Pivdenny, the port just east of Odesa, which will probably be next to fall (and the port destroyed in the process). What will happen to the ownership of Ukraine companies now finding themselves and their operations & logistics in Russia?
Aluminium price going up, but with increasing Russian sanctions, will they be able to sell anything out of Russia?
@xviolet There is also Eat Beyond based out of Canada if you have access through your broker. They are invested in some interesting startups in this sector and their share price is in a bit of a dip at the moment. Unfortunately my broker doesn't have access to them!
PantherPat, Yeah I stuffed up that calculation. My calculation was the placement value relative to the existing price (well, the price on your post), so 85p ÷ 121.8p = 71%.
Not long to wait now. Have you got your humble pie at the ready also??
PantherPat, I guess we're just speculating until it actually happens, but in my opinion with 284M new shares available to be traded tomorrow, comprising of about 60% of the market cap, and trading at a 70% premium on what they were bought for, equates to a fairly substantial number being traded for a quick buck. Sure, it might recover over the next few months / year(s), but don't expect the share price to hold up tomorrow.
RWT2, I wasn't presenting the II's as all things evil, just that they trade in & out of stocks, when you were presenting them as some sort of stabilizing force. AFC Energy aren't a cruddy company, and they haven't failed, but that's beside the point. Schroders owned enough of AFC to be notified as a major share holder (therefore, seeming like they were long on the company, and long term holders), and then sold when the share price was high, contributing to the share price falling - they did this a few times over, contributing to the volatility of the share price and making themselves a lot of money along the way. My point is, II's investors trade and play the market just as much if not more than PI's do, so don't present them as or expect them to be some sort of stabilizing force to the share price.
RWT2, if you think II's "behave and buy/sell in a more predictable and manageable level", then you should take a look at Schroders and their behaviour with AFC - they have traded in and out of that over the years and made huge profits at PI's expense. If you think they won't offload to make a quick buck you are mistaken.
The lab grown milk startup to watch for in my opinion is Turtle Tree... https://turtletree.co/
PantherPat, comparing the Capital Raise with DLAR (De La Rue), the new shares for DLAR made up ~25% of the total new shareholding, whereas for KIE it is ~60%. Also, from announcing the Capital Raise mid June 2020 to trading new shares mid July 2020 DLAR fell ~24%. Nearly 1 year later they are currenlty trading at only ~10.6% above the price at 17 June 2020 when the Capital Raise was first announced. I'm all for enthusiastic shareholders, but I'm also for transparency.
jkGunner, sorry we've been talking across each other. My original reply to ianb114 was in relation to the whole fundraise, which I'm sure was what he was talking about, not just the Broker Option. I should have notice the title of this thread. The Broker Option IS "a drop in the ocean", as you said. These shares are not the problem because they will be owned by existing shareholders who are probably mostly all long. BUT, the 284M new Ordinary Shares could be owned by ANYONE, and you can bet your boots some of those will be opportunists, ready to offload on or around 1st June and make a tidy profit, if the share price is above 22p on that day.