Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Another **** that always turns up. All bought shares a long time ago and desperate to see new investors lose to make themselves feel better.
How many fundraises and dilutions has this company had since the 1990s?... ;-)
Oh my god. What is wrong with you. You sit there reading through the results with your notebook. It's pathetic. Oh I forgot you are helping people.
As for your summary "Maybe they do move to phase 2". Do you realise how idiotic you sound? If they move to phase 2 it means Demir are going to spend another 5 mil. Why do you think they would do that? Do you think they would do that if they weren't happy with the results?
You lost money. Get a life loser and move on.
600,000 spent on operations in 6 months (doing what exactly, demir do it), 262,000 cash left. Dillutive cash raise within a few months.
Maybe they do move to phase 2, but that will just increase the burn and the dillution rate over time will make any future value irrelevant to current investors. The market has woken up to this and figured it's not worth it.
Moving to phase 2 soon you sad ******
People been saying for years that the market hasn't woken up. It's not hard to get out and make the market aware - companies do roadshows to brokers and analysts all the time, present at investor conferences etc.
They need to change their pitch and get serious. The directors can complain about the share price all they like, investors have absolutely nothing to work with here. A placing coming up just to raise more money to spend on salaries and corporate costs doesn't help the situation. A change in management is in order.
Wide intersections of gold at Clay Lake. Market hasn't woken up yet but will do eventually.
Not sure he made it clear enough he thinks Clay Lake is world class lol.
260k in cash at Nov 30, expenses of 340k in the 6 months so fundraising required. Yet results are not impressive and value has been lost since JV so this will be challenging. Good luck to them.
Very good signs at Clay Lake.
The company provides no basic context to its results (true widths, locations, plans and diagrams) to let investors form a considered view. So most just ignore it.
But the bigger problem here is the grade and refractory nature of the gold. I disagree that 1 g/t of gold of this type would be workable at this location - doesn't come close, and investors know it. But happy to be proven wrong if the company can actually explain how they think it can be done. They certainly should have a plan before putting more money into drilling it, JV or no.
Well at least the Clay Lake results are an improvement, 45+m at 1+g/t should be a workable open pit grade. The downside is that there is zero context without the geometry.
It's quite possible to drill a narrow ore body at a high angle and get a long intersection, so how wide are these zones in reality? It would be a simple matter to tell us, or to just publish a cross section on the website.
We don't need a saddo's advice. We are perfectly capable of doing our own research thank you.
Thanks for the offer. I’ll hang around so the alternative view is aired and new investors can make a decision.
Manage your risk appropriately. It’s not a no brainier multi bagger.
Demir will do the calculations. Total ****.
They are getting what they thought they would get. They are very pleased with the results at Clay Lake.
Why don't you try moving on. It is very sad to keep posting on something for years when you have no shares.
The deal was done there and the discovery got away to Lundin. The mine itself had a short life and was purely underground so easier to permit. I don’t think Lundin did very well from it going by the stock price.
They were the salad days back then for small mine explorer. Pre 2008. I would regularly have a finger In 5 or 6. 3 would fail, one would hold it’s value and 2 would get gobbled up for many bags.
Things are very different today. No rediculous buyout offer will come from some Asian country assuming the metal price will go up 10 fold.
Demir will do the calculations and figure it not worth the fight to get open pit mining permissions for the grades they are finding.
That my guess.
The Prof has a record of finding metal in Ireland. He had a 200 bagger with his zinc discovery. History about to repeat itself?
As usual I don't know what the resident deramper had to say but he can **** off.
Hasn't got the guts to invest in anything himself.
Grades are uneconomic. The market is well aware and the only thing keeping the price up is the Demir funding. It will be a huge result if Demir commit to the next stage as there seems to be a long way to go to find a feasible project.
Looking good now. The Prof has big plans .This is a Multibag opportunity....Yet to be appreciated by the markets...
Anybody who looks up Paracatu and thinks that's a reasonable comparison at this location wants to get their head checked.
Paracatu is free miling with a 50 million tonne annual throughput. Potentially damaging for investors to make comparisons like that.
That should be www.investegate.co.uk
This is not bad at all. I'm happy with that.
I just looked at the RNS on investigate.co.uk and the widths and grades are set out clearly there.
Demir are still with us so that is good enough for me
These RNS formats are really starting to irritating me - can they not issue drill results in the same ruddy format as every other explorer - lay them out in tables so we can just see at a glance intersection width and grades. Looks ruddy amateurish.
That said these are better than we've seen for a while.
Hhhmmmm that’s interesting!! Not sure what happens next now!!