Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Given our placing level @ half a pence, I’m wondering / asking existing investors whether they will be buying more shares or not? Me? No
I couldn’t agree more Julian
2023 promised a lot but it’s been a torrid year.
Let’s hope 2024 brings the success we all crave
GLA
Let us hope we have reached the bottom of a thoroughly depressing slide in the sp,in a year which promised so much at the start. At that point we hoped to be mining Thorny River after a few months but instead an inexplicable delay occurred in obtaining the water licence ,diamond prices dropped sharply and such sales as were achieved from mining the gravels etc were evidently insufficient to cover overheads,hence the need for a raise.Weather permitting, I hope that we can at least speed up the work on the Marsfontein blow ,which I understand has been proceeding slowly owing to lack of funds
I can’t say that I’m happy about the placing at such a low value
We knew that it was coming, but we hoped that it would come after some good news.
The optimist in me, hopes that the Botswana government and the funding parties have taken these 76 million new shares.
That should be the funding done for the next 12 months. But we now need to James Campbell to deliver.
Posters on ADVN not sounding to impressed with the Placing either.
Anyone on Telegram have any positives to add?
I can’t say that I’m very surprised at the low level of this placing, but I can’t say that I’m very chuffed about it either. Wouldn’t it have been nice to have had some (expected/anticipated) good news released, resulting in a rise in the share price, and then a placing - thereby causing less dilution to us existing shareholders.
But I’ve been around the AIM block long enough to know that’s not how things are most often done. I get that those buying the placing shares want a good deal, but I do feel that it could have been achieved at a higher price. There’s now a 100% rise needed just to get the sp back to 1p.
Let’s hope that the good news we all hope for is real and comes along quickly after the placing date of December 11th !!
All imho & gla
I'll try to place here if I believe I can. Good work is occurring.
Thanks for sharing that JPW, don't get to hear that much info nowadays on this chat now that many have moved to Telegram.
GLA.
I speak weekly with James. Each time he is at these 'presentations' he is in dialogue with the people who we need to work with either now, soon or in the future. I appreciate that such information is not seen here via official channels. James is working diligently on Thorny River last Water Permit and future work in Botswana.
Is James fully focussed on BOD, he seems to be continually doing presentations etc to various audiences.
Would be good to him just focus on getting BOD moving unless this help in getting permits through the system
I hope not as VAST are about to go to the wall. There are no diamonds at the bank. When this is realised THE END.
Do you think that negotiations may have restarted with Vast
I see BOD directors lined up to talk at London investment conference regarding Zim mining investment this month. Maybe directors are in a closed period!
Totally agree, you'd think they would add some at these prices if they believe in way forward they have planned.
I have been told we will have an Annual Results RNS prior to Christmas, possibly before end of month.
Wouldnt it be good to see some of the directors buying some shares. It would show some confidence.
Its all very well and good grabbing the shares from placings, but actually buying some like regular punters, would show that you back yourselves and the company!
just saying.
I dunno. Maybe we’ve been spoilt in the past with frequent twitter updates and a steady flow of RNS’s.
Definitely felt a lot like radio silence this year. Hopefully all for very good reasons.
Just to re-iterate what JPW has said
We do all feel frustrated on the lack of communication.
There is a lot happening in the background and JC is working very hard.
We should get an RNS before Xmas regarding Botswana and thorny river. There is progress being made on both fronts but JC doesn’t reveal much
Unfortunately we have to stay patient . . .
I was told that information for the year end report - RNS is in the works, that we should have details before year end. I understand your frustration. There is a lot in the works and would say, take a look at - https://www.slideshare.net/JamesAHCampbell1/the-economic-diamond-potential-of-the-kalahari-of-botswana?from_m_app=android released today.
I’m respectfully addressing this post to those who say they maintain contact with the company. When are we likely to have some update? I’ve never known a situation like this when a company seems to have effectively gone into complete news blackout mode for such a long period (when so much good news is apparently anticipated).
Yes, I’ve read possible explanations surrounding on-site security.
Are we talking weeks, months or indeed years? I’m being flippant about years - but you get my drift ….
TIA
Any news would be nice.
Been months of radio silence really. No interviews, no RNS. I know people speak to JC regularly but that matters little if nothing is in an RNS.
44% down so far this year.
Russian Diamond ban could change things soon.
We are in a Diamond dip, in regard customer sales. But... Behind that is a significant lack of exploration, mining, as there is also a glut of held diamonds.
We will come out of this, and with segmentation of market, with Natural diamonds being the Queen to Lab Paupers.
Patience... As you can tell, so many if us have the faith,band we hold.
The future is a Bright Southern African billions of years old Diamond, mined through Botswana Diamonds.
Thanks for the heads up Ade - didn't realise it was an exclusive club, capable of doing more of my own research so i'll crack on with that.
Lol…it’s just the self appreciation society who just think they know it all, everything you need is in the public domain.
Thanks a lot - kind of you.