Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great new, and whilst not something that will immediately transform this company overnight int oa big player, this is VERY positive news.
Confirmation of gold from a small 500g rock. This should trigger a re-rate once it hits peoples radars
Agree Tester, once gold mania hits, everything with go nuts. Just look at how pharma stocks shot up lately.
Problem is i fear thar gold could peak soon (12 months maybe) and we'll start producing after all the mania has died down. This share really tests the patience.
Because selling in superstores may detract customers away from their bricks and mortar stores?
Bit like Primark not selling online. Keeps their customers coming into the stores where they can push higher margin accessories with impulse buys
As much as i hate to say it, I'd much rather we add 5p a month in the run up to production rather than spike up suddenly and then be left with the difficult choice of whether to top slice (to get in lower) or just hold.
Looking at PUR, they remained relatively flat around the 30's until lift off in April. No doubt if Condor secures financing and gets the mill purchase sorted, it would do the same.
Looks like this is near enough the floor now, barring more bad news. Should start climbing towards £3 over the coming days/weeks. BOO moves fast, it has a mind of its own at times.
At £4+ a lot of hype was built in, at £2 it was arguably a decent buy. Shorters have had their fill from £4 to sub £2, would be interesting to see who else is holding large shorts here.
My earlier comment was meant to say "no material news" due soon perhaps?
I dont see fireworks just yet, what i am happy about is that another 400,000 shares have just gone into safe hands. The more that happens, the more explosive any rise will be due. Every little helps.
I switched over to Bloomberg on TV and it specifically mentioned "Rolls Royce looking to raise funds". No other details given regarding rights issues, placing shares etc and no details of timeline. It was certainly not a generic statement.
Thats the problem Polinvest, unless we get tangible proof of revenue, we are a sitting duck. There's a very real threat that without revenue BIDS will be practically bust and someone will come along, pick up the pieces at a fraction of the current price and grow the technology and make it the next big thing in gaming. There you go, BIDS still makes it big, but existing holders get wiped out. I have seen this too often, and its really frustrating.
The tech is fantastic, EA, Activision and others are testing it out and we have some big names on the advisory board. Despite this, a fund raise was done at around 4p with a market cap of around £10 million. As much as i want BIDS to blow up into a £100 million+ company, the situation right now doesn't look good. People can blame the placing stock, the churn, market makers etc but something doesn't feel right. Unfortunately I cant bring myself to selling out as the concept and tech is great. Hopefully news can be released to the market soon before the share price drifts further down.
I have no problem with the share price dropping, I have a big problem with dilution at those low levels!
Wasnt the Jan drop due to the ************** after selling a part of the business to bovis?
I.e, gfrd holders got bovis shares, in turn reducing the market cap of gfrd based on the value handed to bovis. I may be wrong, please correct if so
Can BIDS reach a £400million market cap? Maybe, if the tech is proven to work and is taken on mainstream then 5 years down the line its possible.
Will there be the same amount of share in issue? Probably not. Thats my biggest gripe currently, BIDS could well make it big, whether the current shareholders are rewarded or not is another story. Unless BIDS start to generate material revenue and profit, i fear more and more dilution.
The only good thing to come out of yesterday was BIDS now has enough cash to keep going. Such a shame as the tech looks great but the uptake hasn't quite kicked off yet. This reminds me of GKP, billions of barrels of oil - too much for such a small player infact. In the end, cash ran out, money was injected into the company at close to 90% dilution followed by a share consolidation. The new GKP is now leaner and producing money but original holders got destroyed.
I really do hope BIDS does not go the same way. Bigger players at work looking to bully the small kid into submission and hand over the goodies. We have some big names on the advisory board, i wonder what they think of the share price and dilution considering they were supposedly being paid in options. Frustrating as its about time a british tech company made it big.
$7 billion capex now, compared to the $5.5 billion estimate in Aug 2018. Concentrator capacity increase from 60 Mtpa to 70 Mtpa of ore.
Good stock but moves are very volatile. Elephant in the room is the funding, highly likely to get a partner onboard. Will sit on sidelines as i do see this drifting down.
I'm not sure how much the Greggs in larger cities contribute overall, but for example in London, many office workers are not due back into the office for a while, perhaps Greggs will see a lower footfall initially until these worker numbers reach peak again.
A number of people i speak to including myself don't anticipate going into the office as frequently as we did, certainly not this year anyway. Of course there will always be those die hard fans that are willing to queue up but I dont see Greggs returning to its prime just yet so sold out. Perhaps the Q3 numbers will provide some clarity on this. Still a great stock and remains on my watchlist for any pullback.
Wont be long before the conspirators arrive claiming the MM's are holding this back or a big order is being filled, treeshake etc etc.
Simple fact is, this rose sharply on permits new and now we enter a lull period. All being well, we should "gradually" rise over the next 12 months as details of financing/land purchases/production-ETA become clearer. It tripled from the March lows during the run to 60p, traders and short term holders will take their profit and jump into the next big thing. When the time comes, they will be back ready for the next leg up. I'm happy to sit it, i'd kick myself if a bid came in while i was trying to trade these to get in lower.
So with a cash raise and warrants out the way, I'd expect that to be the last of the dilution other than funding for the mill which MC has often stated woukd be around 70% debt / 30% equity.
All eyes on the mill cost and financing as thats the major derisking done. That for me will probably be the final purchase of shares before we head into production.