Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Mine credit providers will very much be looking at the current price of copper in the BFS. This is one of the main reasons that the co got caught out. All the ducks were lined up but the finance ppl said we want resources proved to a higher standard if we are going to lend in the current weak copper market. The timing is essential, if the price continues to fall expect another delay for a more favourable price environment. My previous post was to illustrate that there are macro factors that might work in our favour against the current negative sentiment. The thing that will really hand us outsized returns though is a return of general market sentiment in this sector and that will come from a rally of inflation expectations, driven by a dovish Fed and a loose china CB. Hopefully EM & EVs will drive the demand side as well but EMs will need s cheaper $ and EVs will need a much faster adoption rate to be any use in the short term. Apologies if I didn’t give my post much context, I was not being very specific.
http://www.mining.com/zambias-just-deepened-worries-sinking-global-copper-output/
Lets not remember SOLG went from 4 to 40 in 12 months. I expect a similar move here
Dont get hung up about short term weakness in copper. The outlook is good and underpinned by fundamentals. Mine Investors will be looking over the long term not the next 12 months
Must remember the mine will be operational approx 12-18 months all no is following copper lower.been a tough ride so far but all will be revealed in next month.financing ect beutong news,possible a sale.JV.of this resourse.GLA.think this share price could be left behind and a market cat of 120 million plus soon all guess work.
Doh! Meant to sat end May, not Q2.
I did say ‘what do I know’! Idiot.
DT
Not enjoying the sinking feeling.
Some noise from the management wouldn't go amiss. How I miss Steve Hughes...
Fingers crossed for announcement next week.
Further to the increasing supply side deterioration, I have been reading about how China backload their copper demand on the year. This is due to housing construction starts initiated during the Q4/18 & Q1/19 stimulus period requiring lots of steel in the early phase of construction but the copper being required in the later stages. As a result demand should rally in H2 which, with increasing supply constraints could knock us out of this trade war/deflationary slump. I don’t know where the bottom is obvs, but it seems that cooper is telling us the global slowdown narrative is dominant and all other considerations are secondary. I have a feeling that when monetary conditions ease there is going to be a significant rally. I think this week will prove to the Fed that liquidity tightness is killing global trade and real $ easing is going to have to come earlier than expected to get things going again.
Hedged, I have no idea when it will be released but could be at any time between now and end of Q2. I’m convinced it won’t be late.
But what do I know?
ATB
DT
http://www.mining.com/zambias-just-deepened-worries-sinking-global-copper-output/
DT, do you reckon this will be out by the end of the month or do you think there will be another delay?
OK. No BFS today. Maybe tomorrow?
DT
your never going to see that in this kind of market..
I am hopeful the sp will start to increase now and oils like to see 10-12p on release of bfs
Peter stated "Weeks, not months" back in September referring to publishing the BFS. This was after missing the first deadline they set themselves in July. Once they realised they wouldn't get funding with the current economics they were forced to drill more.
They didn't miss the deadline for the BKM BFS, they extended it to drill more. Can people not get over that? They are opening up more value and redesigning the mine to be far more financially viable. They also chose to do this with the hope of Copper diving deeper into deficit, which is has. We just need trade disputes to pass over and the metals market price will recover.
Someone has been stake building here. Constant 100,000 chunks!
https://www.ft.com/content/a12f0ffc-789c-11e9-be7d-6d846537acab
Analysts at Goldman Sachs said copper prices were “cheap at current levels,” as Beijing was likely to continue to ease monetary and fiscal policy to boost the economy.
Copper demand is stable in China and the government is likely to “take the foot off the accelerator” mildly but not “step hard on the brakes,” Goldman said.
“We expect the easing policies implemented to date to continue to boost demand in the coming months,” the bank said.
Sure it will make good reading be strong.hold tight.beutong? As well partner or sell it
Nice little top up @ 6.07
The company have recently advised that it will be here by end of May, Herts.
Given trust re: deadlines in them is paper-thin, I sincerely hope they stick to their word.
When do we think the bfs will be released. Low sp and volume at the moment suggests it isn’t imminent. Has given me the surprising opportunity to get a fair few at 6p
completely agree DT
But in the end the fundamentals haven't changed and they are about to improve. I topped up the other day with another 40k of shares at just over 6p. I keep reminding myself about the 11p placing for $10million. That wasn't horribly diluted and taken by just private investors. Practically all of it was from institutional interest, JP Morgan and management.
When do we think the market fundamentals start to take hold of the price?
F*ck me. Didn't think we would be seeing 6.0p at this stage after seeing 8.3 two weeks ago. Wouldn't be surprised if we see 5's tomorrow the way 'they' are playing us. Bloody unbelievable. One for the bottom draw for a while.