Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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T N .............I feel that I have said more than enough about the companies caretakers.........My only interest now is to see all three GC companies come right........You seem to only give Kazera a 50% chance of survival.........completely wrong ! .........once deal done rapid growth will follow .......nothing can prevent this ......................
Hi TP
The way I see the RNS announcements is this.......both the so called gaff from GC and the RNS from LJ yesterday are very similar ........GC relied on Peter Hibberd and LJ was relying on information given by our large investor.......no one would put out important information knowing it to be incorrect. ! ....... would they. ?
In any event good to have something to debate in these troubled times..........
Hi J.....
You missed out the juicy bit....................they are footing the bill......!....
From 14th APRIL RNS
"DJ Drilling, an independent contractor, have begun preparing road access in anticipation of the mine once again becoming fully operational"
From 13th MAY RNS
"DJ Drilling, continues to rebuild the road systems at Tantalum Valley that were damaged due to the extreme heavy rains experienced in Namibia"
would be surprised if this is the first signs of Kaz Trading starting to be part of the bigger play - Ship it off to China, generate some cash and make some profit.
Re the share price in 2017 - two points
(1) There were far less shares in circulation then so the "value" wasn't massively disproportionate
(2) The price is simply driven by supply and demand - MMs are there to make a market - if demand is high and supply is short (based on hype and sentiment) the price will keep rising. That's why AIM is a trading heaven. Just look at KOD over the past week or two - Market CAP at its peak on Wednesday was three times higher than it was two weeks before !
My view is that they should never have released an RNS last month saying the DD was done and just waiting for the funds.
Funky
A good write up and nice to see you can objectively read through the rns from both sides. You are completely right in that 'assume' isnt the best word to be using when attempting to instill confidence.
Aim is a bit of a cesspit as you say, lots of iffy things go on, and again, you are spot on that obsticles get in the way along the road. Trouble here, and why a few are scepticle, is that there always appears to be yet another obsticle - a nice piece of clearer road occasionally wouldnt go amiss. That never seems to happen here though unfortunately and some just wont accept that.
Hope it comes good for all those invested here, eventually, especially you as i know you are in deep.
Fortitude i wasnt specifically refering to you, there are a few on here (inc you) that keep relentlessly banging the drum for this poorly performing company despite its continual issues and delays. Interesting you think i was and leap to your own defence! There is no credible way on earth you can say you are a deramper - that is farcical and you and everybody here knows it.
Now i know you dont like to talk about sp's (unless its going up) and have to wonder just how much of a hole you are in here for currently? The Ironveld RNS is of course completly irrelevent.
My earlier post didnt speculate on the price 4/5 years ago, if you read back you will clearly see that the original optimism was based on tant, and that is what drove the price so high. That is a fact not speculation. If you dont agree, what else drove it so high?
TP, i agree with the market over reaction comment. I think the market in the main has got used to such little progress with this business, and is rightly cautious these days, i expect it to rise today and into the future but not to anywhere near the heady figures we once were at.
I think the interesting news from the RNS was the chinese angle, although whether that is true is another thing. They are certainly looking to tie up all the mineral wealth around the world, so an agreement to sign a take off agreement with them is not unlikely. If that occurs i hope the company read the small print very well.
Q all the ramper attacks.
Reading both Fortitude post and Tarquinpike post this morning.
Firstly Tarquinpike aye total balls up by management. Previous RNS badly written and this one is the same tbh especially with comments like “assume” written in multiple times
I have been training AIM shares for 10 years now. One thing I have learned and understood is companies get away with murder, I have had oil discovered (desire petroleum) turning into it was only water they found. I have had sound oil (sound energy) that was pie in the sky and hyped up so much by CEO. Cloudbuy where they were going to take over the world and beat Amazon. Even Kennedy ventures (kzg) on many occasions deceived shareholders into believing things were happening to then get hit with share right issues after being told there wouldn’t be. They all have one thing in common. They can say what they like without any penalty. It’s the PIs that are then fuked over.
The one thing that stands out to me though is LJ and as much as I have been very critical of him in the past. I have watched interview after interview or him, read RNS and researched him. He is someone in procurement terms who has integrity and ethical and that comes across in his interviews. Reason I stuck by the company was because of him and listening to his interviews.
What am trying to say is yes we have had a set back, but in AIM investing, we always have set backs. To me the main thing that changes is time. I have plenty of time as my investment strategy was hold and buy more if it dipped at certain points and I had funds to buy more. Those in for 10% gain etc, better buying crypto, the demand on electric vehicles, storage batteries is there for all to see. I certainly won’t be selling on the back of yesterday’s RNS, it’s just another red light on the way to your desired goal. One thing is certain in my opinion. We have world class mine, LJ at the heart of the operation, high class grades, the future is good. Very good. You will still make a profit out of this company but it depends on if you have patience like me.
Good luck all FB
Hi Fortitude,
Not sure yesterdays news was a market over reaction. Given we were informed that basically funding was in place pending a bit of i dotting and t crossing, the reality was somewhat different. No timescale was given for completion other than we hope but dont really know, which the market never likes. Thus the fall. Which was`nt actually as bad as I feared.
I`m sure like you I believe the delay wont be excessive however even you the eternal optimist must surely concede that this is a fair gaffe by the management.
Regards TP
...........of course last post should read funded up to march 2022 not 2020........working late into night.!...................
Today’s RNS pales into insignificance compared to the RNS released back in November 2020 from Ironveld where we had to start again..........What we have here is a DELAY at TVM for a.complex deal involving other larger sites in Namibia ,this being required at the behest of government with their strict foreign currency laws.......At the diamond mine there appears to be illegal mining which hasn’t interfered with production.......further HMS, the big jewel in the crown is again moving forward.......On finance we have enough funds to take us to March 2020..........
Finally to speculate on what happened 4/5 years ago with the price is odd to say the least, likewise to bang on about Ramping and I assume it’s me your going for here is laughable........as mentioned before a drop from 14p to 1p is hardly ramping .......a better case could be put for de ramping..........we shall soon get over this temporary blip.................