Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Cheers, Robbierowe, i thought it was around that level but was not sure myself
They have tighter regulations around fund raising on the standard list than AIM but i never got my head around the exact requirements, does anyone have any idea ?
cheers
RushdenP
I am afraid so, they will be kicked off the London Stock Exchange when their market cap reaches £ 0.5M ( i believe )
unless someone makes an offer for the company as a cash shell
Candle
I am both a short-term trader and an investor, I am familiar with both of these concepts. I sold every share I own at the beginning of this year and shorted the markets because of the view I have on the economy, both of these positions have been correct so far
I haven’t sold my loss making shares ‘so its not real’ is a classic amateur thought process, which ties capital up for long periods of time in dead end shares when it could be employed in more lucrative ideas & many times will lead to 100% losses
The idea that you can ‘ride this one out with time’ has one very large flaw, this company will be out of cash before the end of this year. Your long term strategy comes with a timer, what happens if they cannot raise more money ?
Candle,
The most optimistic person I can think of was the chief executive Alexis Abrahams,
remember the RNS of the 4th October 2021 when he bought an additional 2 million shares at 7.75p with his own money
Everyone was ecstatic the chief executive had invested his own money, he knows what he’s doing, bla bla bla…….
At that point Alexis Abrahams held 20.5 million shares valued at 7.75p = £ 1,588,750
Those same share today are worth £ 256,250
An unrealised loss of £ 1,332,500
With his immense insider knowledge of this industry & this company, he was wrong, what chance do you have ?
BA set to strike over school summer holidays
Fantastic way to p1ss off your customers, will they be booking with BA next time ?
Would you
Funny you should mention that AMO1, I had a reminder from my broker last week about a buy order on CBX for 12.5p
Told them to leave it on, if it gets filled CBX have survived
I think they call that a friendly fire causality
Ha ha
Like a steam train
lol
Just had a quick look on level 2 ,
The market maker SING. will sell shares to you at 1.5p but will only buy shares from you at 0.5p
WOW. Now thats a spread
Candle
1. My screen does not say ' Share price is delayed by 15 mins' because i pay for level 2 information & live pricing
2. The Bid has been 1.30p all day irrespective of the 15 min delay because there is zero volume
Candle; The evidence is the number at the top of this page, it says
Share Price : Bid 1.30p
RushdenP
I shouldn't worry about that mate, i think it was a general insult by Candle for us all to share, not specially aimed at you
Hows the petition going ?
Can anyone else see a petition sweepstake on the horizon ?
:)
The news of the day Candle is the RNS regarding the petition
What is your view ?
If meta, google etc. lifted all advertising bans tomorrow would this company prosper? Or would that just introduce more competition into an already saturated market ?
What was that all about Candle ?
There is clearly not a ban on google,
google CBD oil, the first result is for Holland and Barrett with pages and pages of information all about it, with direct links to buy the products, so how it that a ban ?
I have just googled CBD oil & there are loads of results, so what are they moaning about ?
Bungle , George & zippy spring to mind as the obvious rampers.
Where have all the rampers gone ? are they hiding under the bed licking their wounds ?
Don't worry, If the share price rises 0.25p next week i'm sure they will be back to tell us nasty bears how wrong we've all been
:)
Hi Rushden
Depends how they can raise the money, a rights issue is offered to the existing shareholders at a discount to the market price of the shares
A placement is a private transaction direct with an investor / investors
Death spiral funding is an interest bearing loan issued to the company which can be converted by the lender into shares at a large discount to the current & future price of the shares
When the market cap of a company gets this low many of the providers will not get involved, those that will can charge a massive fee
Hope that helps
After hours of searching for a positive regarding this company I am pleased to announce I have actually found one
As a cash shell
They are listed on the main market of the UK stock exchange
Listing on the main market of the LSE is a time-consuming & expensive process as CBX initial costing of February 2021 shows
The company has £5m in cash and no debt, if the market cap was to fall to £ 5m which at the moment is 1p per share ish, then it is a no brainer
If a real company making nuts & bolts, umbrellas or rubberised dildos etc. wanted to list on the LSE they should simply buy all the shares for 1p, pocket the £5m cash, sack the stuffed shirts, skirts & clowns running it, bin the CBD ****e nobody buys & bingo, main market listing for free
I feel this is quite an elegant solution for all
Just an idea,