Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I dont think its a negative thing that the company didnt explicitly mention the sale- the RNS wasnt about that and they have to release market sensitive information as soon as they can so its not like they could have delayed this announcement until they had a sale update.
Besides , they said they were progressing with their strategy mentioned 12th may rns, which basically is the sale of assets
Hopefully more news flow from here now this subsidary has been established
BBaggins, I totally agree with your post. It's not deramping to ask a question but on this board you can get slated if it is perceived as 'negative'. I noticed earlier today a poster asked why there was no mention of the sale in today's RNS abd he was attacked and filtered by another blogger on here. Why? To me it was a perfectly reasonable question and to be fair although today's RNS mentioned that it was continuing it's strategy outlined in the RNS of 12 May or words to that effect where the sale was mentioned, it didn't specifically mention the sale today and to be fair leaves us all second guessing. What harm would have been done for the RNS to confirm the sale was still being considered. Also, Zak Mir in his VOX blog on Eurasia's RNS today also asked 'are the company selling or not'. Is that same person who attacked someone on here today going to attack Zak Mir, I don't think so. So my point is please stop attacking people just because they say something or ask a question you don't like. Yes by all means filter them if you wish, but don't attack them on here. Please be tolerant!
You call it "ganging up" on you, but it's actually just several different people telling you the same thing. Maybe there's something in it.
Sorry you feel hard-done-by because you're in the minority. Not really sure what I can say about that tbh.
As I said before, I am sure the sp is being messed around with. My refusal to focus on that in light of the huge progress being made by the company (which you dismissed at not tangible) is not an endorsement of the manipulation being done. If there was anything I could do about it, I would. But I'm not going to start moaning about it just to make you feel more comfortable.
GingerHippo,
I respect your opinion and that of silversun, dmacca, Tilly, JTMac...etc...etc...
What I dont respect is the 'ganging up' on people who express concern over the SP performance
(which after all is what we are all looking at..?)
If the majority of you are happy to not question and approve of the gaslighting that goes on, on here...I'm ok with that
Not for me - bye
I believe this is bigger then we ever imagined, and the BOD are handling it for the best overall outcome, but the share price itself is now a ****ing joke.
BBagins, I have no idea why you are saying this isn't tangible.
We have a JV with Rosgeo. This is real not imaginary. Can be shown (see RNSs), touched (print off the RNSs) and experienced (read the RNSs).
The JV will have 104.6M oz of Pt equivalent. This is real not imaginary. Can be shown (see RNSs), touched (print off the RNSs) and experienced (read the RNSs).
I think you're real problem is that the share price isn't moving. Which is the problem all of us have. That's not because of lack of tangible progress.
I think what giant-steps is saying is that there may be much more than 104 million when the others are proved up. Usually very conservative before a jorc. We could be sat on millions more ounces.
d1873macca - reasonable question - I'm waiting for an answer from one of the crew mates of the 'Black Pig' :-)
I am a long term holder (4+ years) as some will recall so I have only my interests at heart.
It is becoming concerning that there seems to be little tangible progress.
“... potential retail of $ 250 Billion”
And that’s just at today’s prices. If you look at where PGMs are projected to be by the end of the decade and the numbers become absolutely terrifying. A trillion dollars in-ground potentially.
Ginger hippo exactly! Its exceptional
Giant-steps sorry but the 104moz is over the 9 areas as of todays rns
“ nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent Russian Code reserves”
Progress being made and the market will definitely react when numbers are released as well as road map for the JV.
As for the share price, it has been held by 1 market maker - WINS
WINS has NMS of 100,000 unlike our other MMs 50k.
Wins are on the lowest bid price as well as the lowest ask and they seem to be the ones controlling things. Always first on market and last to leave.
WINS make it easier for whoever is trading, may be blackrock. When they come off the ask, we may start to see a move back up to at least placing sp 26.50. For now, they seem to have a stock.
Depth 7
07:57 JBER 50,000 22
08:01 PEEL 50,000 22
07:31 SING 50,000 22
07:52 MREX 50,000 21.5
07:51 CFEP 50,000 21
07:54 SCAP 50,000 21
07:35 WINS 100,000 21
7 Depth
23 100,000 WINS 07:35
24 50,000 CFEP 07:51
24 50,000 JBER 07:57
24 50,000 PEEL 08:01
24 50,000 SCAP 07:54
24 50,000 SING 07:31
24.5 50,000 MREX 07:52
Dickie, I haven't got 100% clarity on that, but happy to go along with it and multiply my figures by 4.................
Another excellent RNS. Accretive.
Next step is JORC then I believe we will buy the other 25% from Rosgeo and package it with MT to sell to this 'credible party' along with WK. Rinse and repeat with the other eight sites.
Bought more shares after another 'back of the sofa' raid. Bargain basement at this price.
Some things are certainly waiting for and this is one of those. Patience is key - proper 'old school' investing.
GLA.
Gingerhippo we have 1 license not pit, this license most likely contains 4 areas of the 9.
This is FAR more valuable than 1, ignore the SP its irrelevant to our true value once selling assets
There are various ways to look at the numbers, but, each arrives at the exact same conclusion. This current trading range is an absolute joke. Great for bargain top ups though.
GLA
So we've just taken on one of the nine pits which total 104.6M oz of Pt. So each pit has 11.6M oz of Pt on average. Would it be reasonable to assume that the first one they go for is the biggest? It's at least the best (ie most accessible), but I think it's fair to assume we just got 75% of 11.6M oz of Pt.
11.6M x 0.75 = 8.7M oz
@ today's price of £1,165 per ounce makes that worth $10.1Bn.
That's £7.1Bn.
Take 10% to get in situ value of about £710M, which is more than our current mcap.
Share price reaction? Down 2%!!!
The price is so very clearly being manipulated. It's shocking.