RNS about Bill Scotting joining as the CEO on the 16th Nov. Perhaps a turning point. |
Looks like this may have bottomed around 4.25p on the 15th Nov. |
Sorry and me lol |
Thank you and hope at some stage you get your money back like me... |
We were all conned at the ipo. Avoid Primary Bid is my new moto. The question now is whether to average down or not and when. If they do a fund raise it could go lower perhaps but I'm no expert as my original buy at 30p is now an utter disaster. |
It's all about how much the company now raises and at what price |
The new man has skin in the game, a good choice IMO
Back to IPO levels please :-) |
Guess need for raise has been main part of conversation - new broom now - raise to sort ? |
Maybe, with hindsight, this will be a turning point. Not back in yet, but will look again once the market has had time to digest this news. |
CEO gone - shocker really but maybe was needed |
Thanks learnt my lesson now your 100% right |
I never buy into a share from IPO as much more often than not the share price drops significantly from the IPO price.
I have never bought a share via Primary Bid and would never do so as I've always felt Primary Bid to be a con job to IPO shares that otherwise the said companies would not have been able to get away ie..Primary Bid is for the Retail Mug Little Man. |
Can't believe a friend recommended to buy this at 30p on primary bid and now 4p I must have been off my head |
Why?…… |
30p to 4pAstonishing |
Ticked up on my buys...
Directors own almost 10% of shares...
All options from 13p to 33p out of the money; most expiring by April 2024... |
Sub 5p possible punt now See fairly large sell went thru earlier then ticked upYes more money needed but assets and cash they still have now fwiw etc ....... |
PS Almost doubled my holding today at 4.68/4.70... |
Following a placing at 30p a share, First Tin opened on 8 April 2022 (18 months ago) at 32.25p. The tin price was c$43,000
The share price fell away to 9.1p (c$24,000) on 8 December 2022, but rallied to 15.65p on 24 Jan 2023 (c$34,000)
Tin now trading $24/25,000...
On 10 October LME 'Guests' forecast copper to be the biggest mover in 2024 (up 55%) with Tin next (21.8%...That would take it to c$30,000
hxxps://news.metal.com/newscontent/102407808/LME-Week:-Which-Metal-Has-The-Most-Upside-Potential-For-2024-Majority-Including-Citibank-Bets-On-Copper
Taronga DFS due Q1 2024...plenty to look forward to...
hxxps://www.thehindubusinessline.com/markets/commodities/tin-likely-to-edge-higher-on-looming-supply-crunch/article67256666.ece |
Just a reminder...
"Mr C Cannon Brookes was a director of Arlington Group Asset Management Limited ("Arlington") for the period under review. During the period, Arlington invoiced and was paid £25,000 in respect of advisory fees (six months ended 30 June 2022: £821,754 in respect of fund-raising commissions, advisory fees and expenses). In the six months ended 30 June 2022, Arlington was granted 2,500,000 warrants, with an exercise price of 33 pence, exercisable over a period of two years from the date of grant."
I.e. expires June 2024... |
Not currently in here so no axe to grind, but their argument is that deposit size and recovery technique will mitigate the grade issue here. |
When it comes to Tin, High Grade is considered to be 1.0% and above while Low Grade 0.6%.
Zinc 2.5% to 3% Medium Grade and under 2% Low Grade.
Gold 8% to 10% High Grade and 1% to 4% Low Grade.
Taronga grades are from 0.12% to 0.28% - well in the Low Grade category.
Tellerhauser grades are from 0.40% to 0.71%, however also has Gold and Zinc.
The Zinc is well in the Low grade category while Gold some results are Medium Grade while others are in the High Grade category.
To put this into perspective the Cornish Tin mines average grade over their life time was over 3% and at their peak some 5.5%. |
Amazing to see this sub 5pIpo at 30p - ouch |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
