Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Chris,wouldthis be the 4th qtr of never !! How many times since your friend threw over £2m company money into an unproven pot ,squirrelled off to its 6 invisible off shore directors ,have we been told it’s going to be the next 3months ,6 months or even next year !!! They’ve managed to syphc it to 4th qtr.,it,looks be mid 21 next ,and so on and so forth ,I believe it’s called legal robbery ,by a bunch of spivs.
"Just waiting one signature now" is it days/weeks/months away that is the "BIG QUESTION" , once they get the lead items ordered they can speed up the drill as the Q1 2021 was based on continue lock-down in Tanzania and we all know this is starting to move now and with testing kits available now this will be a game changer to getting this going GLA !!!
Glad to hear and I think the same regarding the likely significant increase in value post C1 drill.
The Helium-1 CEO said the other week that they expect to drill in the 4th Quarter, which can only happen post IPO. Seeing will of course be believing.
Hi, yes all fine thanks. This is Solo so I still expect it to take longer than we think.... :-[
The ARA investment is hugely important but I would still like to know what Solo plans to do. Do we sell as many here seem to favour or raise the cash, invest and reap the long term profit which currently I tend to prefer.
Also any sign of anything happening with our Helium friends?
Hi Jetty, hope all is well for you and yours. The licence was a long time coming and in the bag, so once the farmout is complete then the project is 75% funded to production with an estimated spend of around $120 million.
Just waiting one signature now.
Hi Chris, there is no volume, a mix of "sell in May and go away" syndrome and the fun and games on the FTSE100. The day traders are all making their annual bonus on TUI so don't need to look at AIM at the moment. The spread doesn't help either, MMs not keen to hold either so you need a 10% profit just to get your cash out.
I agree once the buyout is complete and operational plans are published we will have a much better picture on the value of the asset and Solo's future.
Dropped the bid after 3 trades worth less than £3k total John, not worth getting wound up about.
Farmout completion this week or next would seem reasonable and then we might get to see what the deal is with SOLO's 25%
on 11 trades with a very small balance in favour of sells seems a little excessive to me.
Tomorrow is another day - where's the news ?