Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Placing of 100m shares at 1p agreed about 2weeks ago. Company releases series of 'good' RNS's that can't be challenged financially to leg up the SP so that perhaps half of those shares can be forward sold around 1.25 thank you very much. We'll see the announcement perhaps this Friday. Oh, and perhaps a few million warrants for the backers. Don't expect exisitng holders to get a look in via an open offer.
Call me cynical or what!
With around half the 137 million issued as part of the fund raise still being held what might we conclude? Does lack of conversion before year end indicate a lack of confidence? If they aren't converted will the company need to fund raise again if they were banking on the income?
I'd love to think you were right Ibroxonia, but maybe the warrant holders could see the writing on the wall and were forced into buying then selling for what they could get rather than holding. In which case it's sub1p before Christmas.
BlueStar Secutech went private 2013 offering 2p for my shares (pretty much exactly what I paid for them). But I held. Long silence, mentally written off. Then since 2018 they have paid out 3 distributions totalling 66p/share. Never seen any posts here or elsewhere from anyone else that hung on.
Apologies for typo - that's BluStar Secutech.
And there is the dividend. Historically they haven't been very profitable but the recent headwinds are abating and the outlook for video surveillance equipment in China is - well - promising? Anyone remember BluStar Secutuec that used to be on AIM about 7 years ago?
Can't say I've ever seen (or probably just not noticed) a Total Voting Rights RNS so pointedly refer to upcoming warrant conversion shares about to hit the market. It's as if the company is preparing us for a sp collapse, or, covering recent forward selling activity, about which by the way I fail to understand the mechanism of action. Anyone with actual market operating experience care to enlighten us here?
No more restraints so we should expect normal trading patterns (whaterever that means on AIM). If I were Dr. Cave and I wasn't that impressed with the dumping I would probably have withheld news until it was over - wouldn't you?
Interactive Investor trading has been 'normal' but their level2 platform called Quotestream has been down all day. This is a 3rd party product from the US company of the same name and is, in my view the worst platform in history. So I wasn't exactly overjoyed to hear that there is a new release scheduled for next Monday!
After todays news an update on Patent filing and launch timeline is essential if management are not to appear incompetent.
I've got a drawer full of those T-shirts!
Monday?
As I said before over the last 12 months up to the recent news this share traded less than once per day on average. There is no free float to speak of . This spike and retrace is one of the worst I have seen in 15 years of trading. There will be no rise until further positive news - like they make a net profit instead of losses every year.
I appreciate that a 'contract' and an 'agreement' on not the same thing but as an example of the kind of income guidance people here were hoping to see with MBO I suggest you look at todays RNS issued by TENG.
In the 12 months prior to yesterday there were 173 trades - a little less than 1 trade per day on average. Your money is likely to be tied up for a while. For those contemplating a large loss, better to sell now and move on. Things are not likely to change in the short term.