Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Its been a long time of being unaware of what this is going to end like. 1 thing to be sure of though is I'm looking forward to a conclusion and either having access to my money easily or not.
Although until this week comes to an end I'm still hopeful our friend from last week was correct although they got the date wrong and they meant we would find out on Thursday to coincide with my guess the RNS date. And to start the VE bank holiday weekend with a huge celebration.
I'm certainly a bit more relieved than I was last night for the update. But I lost with my date and surely that now means our mysterious poster from last night is incorrect with part of his statement.
Maybe he is still right and the company thought they should release an update after he heard what he heard.
Wow everyone has got a lot more invested than my lowly numbers, I currently have 385,357 managed to average down to .8. Wish I kept a bit more money aside when I was looking at the price last week, sadly couldn't justify it.
I could be off on this but I think what people are having an issue with is the statements they keep putting in the RNS, obviously everyone had a different thought on the shortly statement. But now they said in the last RNS they are confident a new nomad would be in place before the end of the month for a smooth transition. If this doesnt occur either tomorrow or friday that smooth transition and confidence is out the window. Maybe if they didn't put that statement in then people wouldn't be expecting anything this week.
If it all comes clear and we relist and turns out NDA's were signed then I think everyone would fully understand what has been happening. However if this relists and no news of any kind of deal whether sale or jv appears, then I think a lot of people will have lost confidence in the bod and believe this will cause people to sell, obviously not all holders but enough.
I can understand these peoples concerns as it is mine as well. I used to refresh this board so often throughout the day when we were trading as I appreciate reading peoples thoughts, but over the past few weeks it has now become once in the morning and once in the evening.
I very much hope this relists and shoots up, or even stays where it is, but until that day no one will know.
Also I have not ever partaken in guess the RNS as I never post but I'm going to go with a random 7th May if I could Ian.
I have tried to remain positive on the current suspension at times I have relied on the re-assurance of others, but the bit that annoys me most is the RNS stating an update shortly. To state that must mean they were close to news otherwise don't include it and now no way is 8 weeks shortly. I would be less irritated if they didn't state that in the first place. It has shown that we were given false hope.
I get that the whole COVID situation could have and probably has had a knock on effect but surely a bit of information stating due to the situation the update we had intended has slowed but we are still progressing, anything like that would do me fine.
I keep asking that but it seems to always be missed. Zak posts something relating to it once a week and then goes silent on it. He stated a couple of weeks ago that the first RNS required was with the NOMAD about 2 weeks ago.
Anyone know what the share was that was meant to blow the doors off last week?
Also if 'I am tree' is not a deramper what is his purpose here? What is he trying to achieve? He is still be hanging around posting on this board more than most who even hold shares here and has no money invested
Anyone heard from bigmj since the warrants? He stated on 19th Nov:
"yes but usually they have been paid for them at that time, this time they wont actually have been exercised until funds have been received, prior to this it is just an intention to exercise them, I am sure if the share price suddenly crashed they might find it a bit harder to get the cash from people, although I couldn't ever see that happening"
I'm intrigued to get his thoughts on this after the price crashing on Monday, could they have seen people opting out of transferring the cash for them if they hadn't done last week, when it was higher? And in which case what happens with the warrants?
I certainly will not be getting my hopes up or expecting any fantastic news until I physically see it on a RNS. I admit I bought into the whole build up of the interview and then felt like I was kicked in the gonads when no update appeared even stating they were chasing EUA for it (Monday).
On a side note though, the tweet about blowing the doors off this week. Is anyone aware of what that share might have referred to considering there is only 1 trading day left? Has one particular company announced some incredible news?
I feel it's the former of along the lines of a percentage on the fee hasn't been agreed. At least I hope rather than being contradictory, keeps in a more positive mind set. Good to get others input though.
At the end of the day I have put in what I can afford to lose so I'm in this until the end. What happens between now and then will be ridden out, today worried me a bit with how quick things can change but I can safely say no one is getting their hands on my stake. At least until I see a big + sign next to my holding which can greatly improve my life.
Just for clarity, the paragraph from the 24th Oct RNS states:
"The Banks have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an alternative asset transaction superior to those outlined in the announcement of 15 September 2019"
Eurasia Website states:
"VTB Capital and CITIC Group have started to work on Eurasia’s behalf, but no engagement letter has been signed and no success fees have been agreed"
When it says no success fees have been agreed on the website is that just saying that a percentage hasn't been agreed upon yet, or is that saying a success fee has not been agreed. Which would be a completely different statement to the 24th Oct RNS?
Hopefully that makes sense with my awful grammar, and someone more experienced can give me an answer.
I've sat on the sidelines just digesting this board as I'm not nearly experienced to offer anything. And only have a pretty small holding compared to others due to not as much disposable income not through not having confidence.
Something I am confused about is why still no RNS about the warrants?
Also regarding the interview, surely it has to come down to not getting the right approval or editing done in time. If something had been said which needed an RNS wouldn't the shares have had to be suspended due to people attending the interview getting inside knowledge even by accident?