Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Lamps
dunno m8,the bottom line,is the comps at the mercy of the vanadium price.
and can the comp,gain funds to keep it going,until the v price improves.
you cant blame the bod,or certain poster for commodity pricings.
anyway,,gla....ime sure the bod,will be trying everything,to improve the situation
There is "ore " in the ground but extracting it commercially is key here.Some oil and gold mining companies were in the same position but dont think you can compare vanadium with them two commodities.Company has debt to pay and there is no cash flow at the mintue plus it is not making any money at current vanadium price.This cant go on forever.
Thanks Troajan, about to say the same. Market doesn’t seem to have the same pessimism as some of the doom and gloom merchants who have lately reappeared on this Board. I just reduced my average considerably. Vanadium ore still in the ground and record production figures. Will be back to yesterday’s levels in no time.
Actually.....buys are ticking this up atm
over the ask,is being paid
And no buys in sight. Sorry to say (and sad) this seems little more than a dead duck.
Wow, this dropped off. Just as ya think it can't get any lower... Bushveld proves wrong.
Absolute ****
Many were optimistic but crook management had a part to play in it.Got to say looks like Fortune is involved here somehow, it is funny to this new entityhas not coughed up cash at this critical time.
Th
Dbh1956dbh, quite the opposite, I feel sorry for those that were taken in by the narrative on this board. I and several others continually warned of the red flags in financial statements, RNSs etc but these concerns were laughed off by the "experts" who had another agenda...
These shares traded at 45 at one point I believe. These assets were acquired at the expense of shareholders and now they have disposed them off at shareholder's expense.Worst thing is whoever will foot this funding shortfall would take a big chunk of company for peanuts.
I was briefly invested about 4 years back. My goodness regarding how things have turned for the worse. Shocking Mismanagement. I hope shareholders recoup their losses. I seriously think that there needs to be really tough regulations on AIM in order to protect shareholders as management at AIM companies seem like politicians - unscrupulous and without any ethics
Whatever way you look at it it is disastrous for shareholders.They need money for working capital,they need money to pay orion and they are not profitable at this level.Aim at its finest shareholders will be shafted royally here.
I assume sarcasm. Its a question of not if but when. I doubt the company has got the finances or appetite to take legal action against Arcadia. Can't make any profit at those costs and suspect overall its loss making. Have to find 7 million this quarter to pay Orion. I think that Orion could claim a share of the mine but maybe they have something to cover non payment in the small print. Nothing should come as a surprise to anyone who has followed this for the last year or two.
SP is holding up quite well after a very poor RNS....
To the person who dares to use a honourable persons name, I bet you are wetting yourself at other peoples misery. What a sad individual you are!
Sub 1p incoming?
Not good. The market won't like this at all.
Https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/w6351gw/export