Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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LOl, soz, of course, meant, “NO figures from pwlx to support his claim”.
Soz! - laters, all.
A more interesting resolution that we will likely vote on will be the ability to issue shares to new investors without offering to shareholders first.
I believe this resolution wasn't passed last time.
Unsurprisingly, figures from pwlx to support his claim.
EUA is (well, was) a story stock - but the fundamentals have never stacked up.
The problem is I’m not sure CS motivations are in line with the best interests of the company.
By pursuing a sale and nothing else, he’s missed out on several years of exploration and development at MT. He wants to retire with a lump sum, but if a sale is not forthcoming then what’s Plan B for the company? At the moment there isn’t one, we’re just sat here wasting time.
My view is that there’s absolutely no reason why further upgrade to the reserves and resources at MT cannot continue whilst sale negotiations are ongoing, which is why we want to be able to vote on this resolution.
The only full time director we have is CS, if we put a vote of no confidence in him then who replaces our sole full time director? CS’s interests should be aligned with ours due to his shareholding which I’m sure he would like to monetise before retiring so as frustrating as it is, I think we need to be careful what we vote on.
Intersting link here for the china buyer believers
https://bbc.com/news/world-68896707
Gives an insight into china mining companies current overseas operations(none in Europe at present)
You have to wonder given clear china demand what is really going on,why no bids? The DFS would help clear this up 🤔, why won't they update shareholders I really don't get it.
Typical uninvested sewer rat behaviour from Richard98!
Looks like Tiffin is actually attempting to discuss the company.....very strange.
What's even stranger, is that he is asking for a discussion based on a question that everyone else has been asking for months.....wow!....is this another account that has been taken over by someone else?.
Richard why don’t you F off you tool.
No it wasn't Richard. It's been 1.45p all morning so far.
Well all i can say to that is point proven you can belittle the company but not put your money where your mouth is. Shares can go up or down did you not read know that. I took a position knowing there where risks and i do think that the war has had a major impact on the way this is playing out. I still think there is potential here but not sure which way it will go. All i would say is people playing games and running down the BOD / company do not help matters. If you don't like and don't feel things will get better get out, otherwise be quiet and ride it out.
Fair comment.
Dealing with a few messages in one post:
@del929 - nothing. They could choose to define continued development as just works that are required under the MT license. In which case the resolution has still done no harm and as a minimum we would be confident that work is going ahead as needed. I absolutely wouldn’t vote no confidence in the Board as this is a far more serious action. The resolution we’re hoping to get to vote on is supportive of the company and its assets. A vote of no confidence or kicking directors off the board is quite the opposite.
@del / @JamesB1 - Regarding who would do further exploration and development that’s a fair point. CS is an experienced geologist (much more than he is a salesman) or could farm this out to third parties if he wanted to, or get a new CEO on board. There’s also the local Russian staff - the country manager, etc who could be involved in this.
@Wolfe - no guarantee of good news on the 8th May, it’s purely an unusual time for KK to hold an EGM which gives some hope it might be something positive. Either way, no harm in getting this resolution on the agenda in the meantime.
Builder12
The price was 1.4p when I posted
Stop lying please richard. The price is 1.45p which it was at several times last week.
So this is a genuine question open for debate.
Is it possible that a potential buyer is financing work at WK for sampling purposes.
The BOD have stated that there have no intention of any mining in 2024 yet it's clear the activity on site is more than care and maintenance and keeping things sale ready.
If however the activity at WK is indeed Eua's doinlg if so surely this would constitute a Rns and would be a legal requirement as it would be price sensitive information.
Look forward to some adult comments and debate.
Why don't every give pwlx some credit, rather then just posting negative crap. He is trying to get something done. Don't rubbish him, unless you have better idea.
Unbelievable…how can this be stated with a straight face?
‘Mining at WK can generate significant revenue, millions of pounds per year. Exploration in Russia is cheap. That revenue could keep WK running nicely and upgrade reserves at MT too. ‘
They can't announce anything on 8th May which could impact the share price without RNSing it beforehand.
If good news is coming may 8th why hasn’t there been an increase in sp, buying volume?
And Del is right we don't have James Neuwenhuys on board anymore
Morning just catching up on threads
Interesting proposition for a motion - I'd certainly like to find out if we are mining or not before the AGM! We can't know what the hell to do otherwise
Isnt the old adage, sell in May and go away. Let’s hope it doesn’t ring true here
After months of staying around 1.5p, the Share Price is now 1.4p. Tomorrow is first day of May and it certainly looks like that we as shareholders are truly well done over
@pwlx; am I missing something here, if this got voted through what’s to stop the current BOD deciding on very minimal continued development and carrying on as they are? “the beauty of the resolution is it’s left open to the company to decide what ‘continued development’ entails”.
The current BOD is full of people from a sales background (supposedly) so who’d be suitable to develop MT? Imo we’re missing the main issues here that the BOD are abysmal at communicating, can't sell anything and are totally out of their depth. We should be requesting a no confidence in the BOD vote, anything else is just a waste of time.