Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And back down again today at the time of writing. Like you BotBot I am invested in Hurricane, although I suspect to a much less extent and my average is 5.8p. Much like here, I don't think we'll see much in the way of reward before a positive RNS and it has been disappointingly quiet here in recent weeks.
Thanks for the update Botbot, I had found myself struggling to sleep wandering what your current share level was since your last update. Keep the RNS predictions coming as well, it's almost as if you have a crystal ball. Look forward to you telling us the exact sale price again......
My concern is that in the absence of any news, this share price historically just drifts to the extent that it almost wipes out any previously enhanced value on the basis of news. Who can forget we where nearly £2 without any contracts; we were 40p on the back of the Apple contract; now the market values the SP Micro deal and Smasung case at 15p - or it did. By the time we next get any news, we'll most likely be back down below the 10p which we were before either of those things. The life of a Nanoco LTP, infinitely frustrating, but difficult to let go now as we're so low, and you just never know.......
I see it's price prediction season, must have read 200 of these over the years invested here, can count on one hand those that were right. BotBot, be sure to let us know what the selling price again if a bid comes in.
Basscadet
General world politics may well affect Nanoco, your views on politics or historical leaders doesn't, there are plenty of other forums where you can post about that.
I have admire your optimism Nige......
Hi all, am new here, dramatic drop recently pricked my interest and seems to be for obvious reasons in current climate with diminished likelihood of next dividend(s). However, that aside and in the medium-term, looks to be no-brainer if and when dividend is reinstated provided IIs stay put. I did notice profit had reduced over recent years but balance sheet looks strong. Any advice on what to be wary of, if anything?
BtB
"I don't think your opinion is very balanced"
Over your years of posting I've read you predict a share price of several pounds, impending oblivion and usually lesser extremes, presumably based on your circumstances at the time. In almost every case you've turned out to be completely wrong, intentional or not. Either way, I think you're kidding yourself if you think anybody gives the literal meaning of your posts any credence. You might want to consider changing your username to BeingTheWolf.
Do you think there's much value in our patents Thomas? Struggling to tell from your previous contributions.....
I would speculate much higher. LOAM's holding per 31st Oct was circa 53m that they'd have mostly picked up in the placement at 18p (£8.3m). There have been opportunities for them to average down by adding but no many to dispose of the hearty number they held at much higher levels (30p-40p). Would be surprised if the final value was at less than their average holding.
Does anybody know the exact level that LOAM are averaged in at?
TLW
Indeed, and that was precisely my point - I don't understand the logic that any new bids would at least match anything previous when the company is in a much less promising position than it almost ever has been. For what it's worth, I hope I'm completely wrong and we all make a fortune.
Nige W - thanks for the response and good luck.
TLW - I was referring more to more than one alleged bid in a period before the company was formally put up for sale, which I believe Nige's original point
Nige W
Where did you get the information that 2 or more offers were previously made? Forgive my ignorance, I've never become aware of this. And, if true, why do you think the price would be higher now when the company wants (and needs) to sell than it would have been at a time when the company had no need to, and presumably a significant revenue stream or strong promise of?
Pessimism and realism are not the same thing
Yes I believe the same poster is responsible for both and in the instance of the 'known offer price', he/she later conceded that it was an absolute guess, so would definitely take anything they write with a pinch of salt.
Each of the interested parties will know there is more than one interested party, they will also not initially have visibility of the resource and willingness of the other interested parties. With the current share price at around 13p, if the technology is of any importance to any of those interested parties and, as suspected, any or many of them are multi-national billion pound organisations, then are they really likely to risk losing out to competitor over ten or twenty million here and there? Apple were willing to toss that away on a factory for a short term R&D contract. If this goes and the technology is of any value - why would multiple parties be bidding otherwise - then it won't go for £50-60m or 20p a share, it'll go for much more; this is surely more about risk than it is perceived value based on current share price. As a long suffering LTH I hope it is a bit more than 20p anyway, GLA.
These boards can often be a vagarious minefield of manipulators, chancers and just plain idiots, but as a LTH of a few years I’d just like to say thank you Eskers for your outstanding research and contributions over the years. Whatever happens in the coming weeks and months, I wish you all the best.
And an actual price of just under £2 based purely on speculation.....
Personally don't agree this will take a whacking today, there's nothing in there we didn't expect. Hope is what keeps us here and it would be quite a high risk strategy if - unlikely as it may seem - the company might pull a contract out of the bag at a given point soon. Most people left here either bought in at this level (upside remains an unlikely possibility) or have lost so much by now that there's very little point in selling remaining shareholding.