Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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@99icecream Really? I called the entry for #EML which went on to offer a 70% return within 3 weeks. I disagree with your analysis as I have been predicting this, way before, and supplying precise levels. You on the other hand are offering an opinion. I can't spend your opinion now, can I? My T.A. though is proven to offer huge returns!!
Https://x.com/SwazersC/status/1780974093669425219 #My #EML idea is still moving as per my predictions. Regardless of what some t#ssers have to say. My charts speak loudly for those who are watching & taking notes. https://www.tradingview.com/x/r2uBqmK5/
Is something about to happen here that we don't know about yet. If so - it would be about time?
I’m back to squarsies so I’m a happy bunny…a few more days like this to get us into the 3’s and I’ll be happier still.
Let’s hope rise is here to stay
Only cash in the bank will satisfy the auditors. Far better to issue shares than a "death spiral" CLN.
AS previously mentioned on here, I was surprised, no flabbergasted, with the recent fund raise.
Why did it fund raise at this time. ? Clearly, it did not expect an early approval of EIA otherwise it would have waited to get an humungous amount of cash flowing in. We had been told company had sufficient cash at hand to see it through 'til end of year. So probably, as a poster mentioned, the auditors would not sign off the A/cs as a 'going concern' for a further 12 months. The audited A/cs are issued sometime in April for YE '23, so time was of the essence. The PDMR's could have had a private loan to the company to see it through to EIA approval. If EIA was not to be approved, then no amount of cash would save the Moroccan operation. So, on the surface, it appears that it was a 'genuine' raise to further promote KMA and EIA approval, rather than my initial 'usual' thought of 'raise to continue to pay salaries. expenses and pension pot payments.'. Clearly, my initial thought and hope was that EIA would be resolved before end April. With the foregoing, this is extremely unlikely to happen. However, a further 8 weeks should be ufficient time to promote thefeasibility of the KMA process, and allay fears that concern Committee. So, by end of June it is then. sp will probably 'wobble' around current level during this time frame, unless RNS drops with either 'good or bad' news on developments. RNS drop,!!!, we should be so lucky.
Of course this 'chart' will be nonsensical when the rns drops for EISA approval or disapproval.
What we need swazers to do is to draw a chart showing when rns's will drop. Shouldn't be too hard with his imagination. ?
Interesting ! - You don't need charts to tell you the obvious. E.g. support and resistance is usually at "big numbers" (e.g. 2p) simply because (most) investors set targets at big numbers. In this case another obvious support / resistance level is at 1.75p - because of the REX offer.
It seems like Swazers redraws the support and resistance tramlines retrospectively each time a new graph is published. Very clever LOL. You can't be wrong. In the mid March graph (the last one it seems was published on X), it did not predict sub 2p or even close to 2p support levels going forward. It predicted 3+p levels. Well that turned out to be wrong as just one example.
Insane, trying to chart a very lightly traded, illiquid punt as if it's got any kind of momentum characteristics. This is essentially a binary bet now
Lol.
Https://x.com/SwazersC/status/1778038786242248800 https://www.tradingview.com/x/b7gSPnig/
Results out this morning. I got 70% of what I applied for.
Well Sloppy you call the raise spot on, good call.
Its disappointing having to raise at this level, but at least most shares go into sticky II hands.
GC mentions in today's interview that the new application will go in very soon, lets hope so. Its then according to a CRUI flow sheet either a 90day wait or 30day wait if they treat it as a review.
https://www.youtube.com/watch?v=viTNBglFGJ8
I agree with Franalex. I worked for an engineering company on projects for OCP in Morocco. The company holds a lot of sway in there and if they have any sort of anti with Eml they could make life difficult for them. I believe this is what's causing the current delays.
Couldn’t agree more. GC is not CEO material. He’s an operations guy. I’m confident he’ll be able to build and operate the mine, but he shouldn’t be CEO, he lacks charisma and doesn’t inspire confidence.
You label EML as it is now, with high risk, and I agree. However, this wasn’t regarded as High Risk 5 or 6 years ago and you can’t convolute EML with ‘all mining stocks’. The potash was confirmed and the size and scale was all Jorc compliant, Morocco is a political and socially stable country, the locals WERE on board with the project, financing wasn’t an issue, it was a low capex/high return investment.
The board of directors, led by Graham Clarke have slowly eroded the confidence of investors through mismanagement. So much so that they’ve now had to give up 20% of the company for the price of a bag of crisps. He should be gone.
This was supposed to be a really good investment. Not a get rich overnight but a reasonable LT punt . It’s ended up shocking . . Wouldn’t want to be in elderly waiting on this …..2020 this was being spoken of as a good reasonably sound share . It’s 2024 and flying through the year and it’s possibly more vulnerable than it was 4 yrs ago .
Can someone please explain
Sorry disagree. Any project involving mining carries risk and any venture in this part of the world carries risk, added together this has always been in the very high risk part of my portfolio.
@Franalax….this hasn’t ’always been high risk’. Before Graham Clarke took over, this was one of the surest bets on AIM. His incompetence has got us to this point and he should no longer be the CEO. He’s a clown.
Seems there are still some interested parties...
https://lnkd.in/emm5MRpp
‘All seems good’ …… except the share price?
Likewise and fear I may just have poured another couple of hundred down a black hole, but it has always been very high risk and a tiny part of my portfolio. Followed closely, but was not invested in Sirius which shows just how long these projects can take and how much cash they can consume, even with the new large experienced owner. Whilst in theory this is technically easier there is much more political risk.