Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sorcerer,
Thanks for your response - you are one of the lucky ones! The BoD have made a clear recommendation against the decision to remain impartial, which is the rationale for our precautionary strategy. Totally respect your stance, given your position and appreciate your transparency. Should anything change, you know where we are. We will forge ahead and hope for the best.
What the hell are you on about? You're al deluded. This is stocks and shares not the f*****g knights templar. Get over it.... I did! It was a nice dream but it's over.
Achille / Yash88,
Thank you for reaching out, but I'm afraid that, while I completely understand the reasoning of all those involved in initiating this action, I don't feel able to contribute at the moment. This is for two reasons:
Firstly, my view is that such action is premature until we have a clear and definitive way forward from the BOD. Until the BOD communicates anything to the contrary, I believe that the strategic review continues to be ongoing and there are therefore a broad range of possible outcomes for both the project and my investment.
Secondly, on the basis of the above, I continue to hold and therefore haven't personally made a loss at this point. Indeed, in the scenario of a takeover on the terms outlined to date by AA and the Company, I would actually make a marginal profit on my current holding, albeit one that represents a paltry reward given the opportunity cost of what I could have achieved for significantly less risk elsewhere over the time that I've been invested.
So, I don't see that I could reasonably argue that I am going to (or may even be likely to) incur a loss based on anything other than pessimistic speculation about a possible outcome which has no firm basis in fact at this point. Don't get me wrong, I believe that the Company needs to provide a full update on the strategic review ahead of us making any decision about any offer and I am completely against the Company being sold for 5.5p per share, as I believe that such an outcome would be utterly unjust for long term shareholders, given the risk that we have taken to get to where we are. However, I can't actually claim that I have lost any money at this point ahead of knowing what the final outcome is and I also can't say that I feel particularly misled by the Company, based on the (admittedly limited) facts we currently have. That's not to say that the communication couldn't have been considerably better, but I'm not sure how much more they can say in the current situation until they have something else concrete to disclose.
I hope you understand and will watch your progress with interest, while continuing to consider my own position as the situation develops. If my stance alters, I will of course let you know.
Sorcerer, waiting for your email.
Sorcerer, I have observed some very valid and timely posts from you also over time and think you might be a valuable addition to the team. I hope you don't mind me reaching out in this way, but if ever there's been a time to think outside of the box - it's now! If you are happy to offer any input into the campaign, please follow Achille's lead, when he had reached out to Myo yesterday:
'Could you please send an email to the following address (which I have created solely for this purpose and I suggest you create your own bogus email address to start off with). In the email write a six digit number. When I have received your email (and hopefully not too many others, I will ask you to post the six digit number on this site to allow me to seek the correct Myo. I will then contact you. Regards
areyeesiriusathotmail dot com - you will figure it out.'
You probably don't need to set up a new account, but just send your 6-digit crypto-code over, so we can successfully ID you and confirm you've done so here please, so I know to follow up.
Thank you so much - hoping to hear back from you soon.