Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Truth
I could be wrong but my take is them been extremely careful and giving it their most due diligence possible. I'm sure they don't want to repeat the same mistake twice in accounting errors. Doesn't look good for any kind of business that can't keep their accounts in order. The whole covid-19 situation is like a blessing to Dbay as it's given them far more time than they would have otherwise had.
I'll bite. I think back up to 7.18 support.
I don't think we will get a trading update in terms of 2019 Accounts until after the AGM. Which might be either June or July. The last 2 paragraphs clearly state that. It doesn't mean we won't get a general update but it's the state of the trading business everyone really cares about. TBH there isn't anything negative in the RNS. It's just a delayed timetable which has upset some people on here. I'd rather Dbay have 6 more months to sort all this out than rushing around like idiots trying to meet the what was June deadline.
@Redhammy
I think some is also due to stop losses been triggered too. No way anyone can read all the RNS and make a sound-based judgement call 6 min before close.
The Company continues to work with its auditors to finalise its 2019 Accounts and, when available, the Company will issue an RNS and dispatch the annual report and accounts to shareholders. At that stage the Company intends to call a further general meeting to receive the annual report and accounts.
This bit is what I'm going to focus on. Just wish they would have given a bit more information on when. Roll on the AGM and then June.
@bamb Not until after the AGM.
@barnetpeter I think it's also to do with the 6 months extension. Some people would have been wanting a quick buck and won't get that now. Or a while that is so just sold instead.
Why wait until 16:24 before posting this 6 minutes before trading ends with the markets closed tomorrow for a bank holiday Friday. This should have been posted in the morning. I think some people have overreacted to that news and noped straight out. There is nothing that I can see which is unreasonable with the RNS but that's just with a quick scan. Plenty of time over the weekend to digest it and see what happens on Monday.
If we start getting a bigger rise one day and a small pull back the next. Then I'm more than happy with that. That's how a stock SP should move. I think we should see an update around end of this month or the beginning of June (my opinion). Holding for this long so don't plan on getting out now.
How does the news of ESL subletting a warehouse to Asda work out good for them? Just curious as I don't really know. Taking the cost of the lease of ESL while Asda sublets?
I just wish they would come out with something. Waiting to see what happens to this jump in price today. A pump and dump or preempting good news. I'm hoping on the latter.
I think we would have to break through the 7.45 and 7.18 recent supports before it even falls down to 6p level but that could be the case.
No surprise on the reply you Bladey. They'll keep been tight-lipped until they are ready or have to announce something. Hopefully doing their due diligence as to not repeat mistakes from last year.
here come the buys.
That might be true. I'd say around 7.18 a good top-up point. Although rather it did not get to that price tbh.
yep and if not then 7.18 is the next one.
Little something I drew up for reference sake
https://i.imgur.com/jx80NmQ.png
Unfortunately truth they'll be back once news arrives. XD
In the end, it's Dbay's to call what happens. They are in the driving seat while we are just passengers. The funny thing about all this is that I think Dbay gets to decide how quickly the PIK notes are paid off with the majority control. So it'll always be in what makes them the most profit. We don't want a takeover before the reverse transaction is completed. Otherwise, we are sat on a cash shell with just money on it's balance sheet and no assets.