Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
JoeyP,
I know if can move dramatically. I do get rather fed up of seeing "30p here we come" and " it definitely going to hit 30p by Friday". It is tangible to ramping, which in itself will create a pump and dump scenario like I've seen on a few other shares I hold. I am not one for price speculation with no news. I look forward to seeing the prospectus (28th Feb I believe). see where we go from there. Sorry but i'm being a grumpy sod today. happy with the price movement today so far though :)
22% increase to 30p you'll be lucky to see that this month.
I think we will be waiting until sentiment changes on this share tbh.
Please refer to Savvy's post below. Can you provide evidence to support this claim?!
@1% on 2.1b gives you yearly fee 21m X 40 / 32.7b is 2.57p
@1% 165 clients SP 2.57p
PER BILLION - 78.5 clients
@1% worth 1.22p.
@1.5% worth 1.83p
NET PROFIT. Note anyone using the 20.5m / 6.5m figure as NET PROFIT Is incorrect - those figures are NET service fee.
2021 year end:
So 7 billion (captive funding) 12.81p
@1% 5 billion 6.1p
******* 12 billion 18.91p *****
Clients 850.
(Expect bigger contracts. Above example would require 942 clients)
PE 40 - Conservative
I haven't read the RNS yet, was the allocation of shares "given" or bought with his own money?
I did read about more shares to be distributed to the market once they hold over 30p ( 34p for a week) but if I remember correctly this requires a prospectus prior. once we have that and news, then I think we will be over the 30p mark, until then I have a ( no justification) that we will be in the 20's. I could be wrong, I want to be wrong I just think that's going to be the case.
Am I right in thinking prospectus is to be out end of Feb or March?
Keep your clothes on this time sunset! :P
for someone who has never traded, you seem to think a company should tell you everything all the time. how frequently have tescos or morrisons told you they've lost a slice of profit margin on one product, you dont. There is alto of work going in the background that will not be spoken about until the activities have stopped. basically, sit down down, buckle up and wait. if you are truly in, start bloody reading so you can make an informed decision when it able to be traded again. You have a lot of reading to do.
I'll be honest:
1.) never invest all into 1 share! especially a startup like this. - I am invested and im not not overly worried by this share tbh.
2.) Do your own research - never invest on someone else's view alone without knowing what you are putting your money into.
3.) writing to the BBC, watchdog and FCA will do sweet FA. - there is no fowl play ( unlike carillion) that can be seen at this time. read up on the RNS's that have been published https://www.lse.co.uk/rns/SYME/
4.) while it is a natural human trait to be worried, calm down, look at the fundamentals, financials and techincal( the last one is optional). - this will let to get an idea if you're comfortable with the company or not.
5.) Do NOT put yourself in this position again, start reading, educate yourself with the company and its business model. continue this going forwards through your trading.
6.) there are trolls and scaremongers everywhere. they tend to use half truths within their speel. if you're unsure go fact check them with your own research.
I will not say one way or the other on this share. I have invested money I am prepared to loose. the risk to reward to worth it IMO.
I hope this helps.
BrassGemini,
Have any actual fact to support your statement?
From where I am sitting there is no justification to your statement apart from they're suspended which isn't a removal from the market.
Cheers
Yo
I sold mine at a profit in one of my accounts to reduce exposure to RDS and to top up else where for better gains short term.
Sunsetsupper,
I nearly ran for the Defib on the office wall!