Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Doing some looking into take over code.
When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced.
They only have to drag SD startup to mid October before the share price collapses by by 40% to where we are now.
Last 6 months now all now appearing to be perfectly orchestrated!!
Just have to hope that this lot
https://annualreport.wahacapital.ae/?page_id=1697
Don’t want the lot
As it has been previously stated on this board, fingers crossed that they are not in the business of taking 100% ownership of companies. You never know, they could end up a 30% solid owner that wants to see us to the $1bill end helping to fend of any hostile bids.
Well we can hope anyways.
Shakey, I agree...
Rather gut wrenching when I open up my HL account and see the damage tho. Will be tamping if this gets taken out for less than the previous year high as know could have moved on a long time ago. Was contemplating selling up here for FPM at 70p, but didn’t.. What a bad move that was.. Dilemma now is do I pay day top and take advantage like the board and their mates??. Brain is doing flick flacks!!!
All going to the board and their mates plan. They know they have enough of a controlling stake to vote down a cheeky takeover bid.
Pull the share price down to as close to zero as they can ready for their post de list top ups. But let’s just hope it is only top ups and not the lot.
Leaves me wondering how PW sleeps at night after all the hype that has spewed out of his mouth over the last 18 months, pulling in little man with their pensions and savings...but there you go, that’s the sick world we live in.
And that’s one of the reasons that I believe that this is been played for the “somebodys” to load up. MEA’s turn after de list. Stinks, but this is AIM... I will be topping up at every opportunity I can that is for sure.
We were down 3% at one point yesterday with 3x more buys than sells!!
Maybe... But bet as a result MEA demanded the de-list to maximise their holding. Just all too fishy for me!!!
Lets just get to the end of this year and see where we are. I will be topping up on the way that is for sure, and if we get taken out on the way, so be it, just hope it is above my target so can happily move on. If SD is still not on line, well, lets just hope that does not happen.
By betting is that the second MEA get their extra 10%, all will suddenly start to happen. Well we can hope.
There is a part of me that is saying crack on, as i have said this is a long term investment for myself so happy with the 3-5 year time frame PW has previously stated.
I honestly believe PW wants to just crack on and deliver on what he has promised. It is as if MEA made the decision that they want the extra10% (or the lot) and a game has been played to pull the share price back to current levels (maybe lower) with PW being whipped into total submission along the way.
So looking at it positively, this could be a golden opportunity to pick up additional shares at a bargain price. When MEA are then done. Its happy days for us all. Although must admit, it is very painful ATM.
MEA are the ones calling the shots and certainly not PW. He just has a fist up his hoop like Punch n Judy!!
If anyone thinks the share price is moving before delist & MEA moping up another 10% of this company they are deluded.
So you have a 3 choices, sell up (prob at loss) hold or buy more..
I invested in this company as I believed in it, hate what is going on at the moment but hey, I’m just a common plebeian, but fact is I still believe in this company, we just need to get the greedy MEA nonsense out of the way, and hopefully we will see what we have all invested for in the first place.
So whatever your decision, best of luck to you anyways!!
Total agree, the shenanigans of late have purely been to facilitate the major holders to top up an extra 10% of the company for as cheap as possible. Totally stinks, but just really hope that when done it will finally be the end of the nonsense and they will start to play ball and we can all have a taste of why we have invested here in the first place.
Fingers crossed hey!!
We can only hope that the big two just want to increase their holdings up to 30% each, as it is now blatantly clear that this is the main reasoning behind the de list.
Let’s all just hope that when this is done they will allow this to raise to true value and they have no intention of going it alone.
Unfortunately my gut feeling is that of above is not the case, so if you offered my 70p right now, I would probably take it and run.