Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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So selfish, why no link to it on a the website?
If you have research commissioned why don’t you publicise it…after all that’s what it for isn’t it??
So do you accept the BNP evaluation or not?
Why did they pay for it?
Thk as pg sht…
So clearly they didn’t think BNP would come out with these numbers. It undermines their promotional NPV driven agenda…
Better companies to use if you want the “right” answer, BNP won’t publish fanciful valuations for a few Bob…
#shotitselfinfoot
In summary its Victory or bust..
As I posted earlier,
'Seriously RNST, you think Reabold would contract BNP Paribas to provide a research note, then be too scared to actually publish it? But BNP would release it anyway! I think everyone can see you are a thick prick.'
Selfish:
This is what it said on the BNP report..
“ "The subject Company of this Research report has commissioned Exane to cover its stock and, consequently, Exane has received compensation from the Company for the preparation and dissemination of this research report"
So yes they did pay for it but obviously less keen to see it published!
RNS, don’t waste your time. These guys? are a cult.
And a pretty thick one at that.
Seriously RNST, you think Reabold would contract BNP Paribas to provide a research note, then be too scared to actually publish it? But BNP would release it anyway! I think everyone can see you are a thick prick.
What I want to know ...if these Obsessive Derampers who post every day on the so called failings of the company know so much.. how comes they have not turned themselves into multimillionaires with their.. so called expertise !!!
Cloves
These are numbers from the paid for BNP analysis of the company.. yet you claim it’s negative… maybe that’s why they didn’t post a link to it from their website or mention it … funny that…
Investor Tester happy to engage with actual information. All from the BNP analysis/Website.
Cali does not have $1.2mm pa in net revenues. it has $0.8/0.5/0.5/0.3 mm free CF over the next few years , in total $4.4mm upto 2034.
They had £6.4 mm at the end of June so we can assume that 4 months of testing costs will have reduced this number.
If WN doesn't eventually flow I can't see how any value can be ascribed as its not an economic proposition.
Victory has published NPV10 values these are not £84-120mm net to RBD it has a base case of £85mm to Corallian and net to RBD that's £42.5mm (NPV is not a sales value its an unrisked valuation of discounted cashflows, more than happy to debate this one, BNP give a NAV of $49mm) It will NOT be re-entered in 22, its due on stream in late 24 assuming FDP is approved and funding and FID is approved in 22 .
I_T Agree. I only came back after a post at 12.37 which was going to be my last for some time...until the next arrived about one hour later.
Bye for now.
Persi / Cloves / RNS Translator - can we give it a rest now ? I know you are both passionate about your points, but you flooding the BB here with heated arguments and finger pointing , doesn't educate anyone.
let me help everyone out , this is a summary of where we are =
- All time low sentiment / lack of confidence in BOD to execute and drive shareholder value (can change if WNA/B somehow flows some commercial volumes- however slim that is)
- Market cap is ridiculous if you consider = we have $1.2mil per annum of net revenues from Calfornia ; we have £6.3mil in the bank ; we have 53% of West Newton project (it aint worth nothing even in event of no commercials flows) ; we have 49.99% of Corallian with Victory well alone worth 84-120mil GBP net to RBD and due to be reentered in 2022 if FDP goes well ; we have a share of Danube Petroluem - but its small in scheme of items above. ; we have 3% or so of DELT (seems alot of you forgot this! that 3% worth around £1mil GBP. (a pity that merger didnt go through last year for us)
All in all , £14mil market cap is pants for what we have / granted all the less than good news doesnt help.
So , they way i see it , the BOD need to come out with a very clear statement of intent now and perhaps even the BOD investing some of their hard earned cash post WNA final results.
We also need to evaulate other projects as clearly our stategy hasnt work out that well so far (with exception of California that is actually generating some cash)
I reserve the right to change my view if WNA comes up trumps , but gotta say the confidence is low with all that has been share so far
Lets discuss some of these items constructively now
Thanks
IT