Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Dodkins, there are HV power lines running right next to the site but they need connecting and a new substation installing. Now that funding is available the final connection will be done shortly. This will provide bigger and more stable power to the existing operation. A further upgrade will be needed for Stage 1.
Yes there is a tarmac highway at the edge of the site, leading all the way to the intercontinental railway at Shieli just 70km away...
Hard to beat the infrastructure!
"connection to high voltage line progressing, completion scheduled for May 2021, currently nearly 80% complete"
Hazbeen: I was watching an interview with Nick Bridgen from last month that said the power line was already in place (as well as roads an other infrastructure)?
So... this has dropped 25% plus over a week without any news [good or bad]............ Perhaps the Daily Mail article has done more bad than good as it has sucked in a number of peeps and allowed a very keen seller to exit the door with good profit. I think we are getting close to the trajectory called by Sir M.... 9p then 27p then 78p then upwards to £3 but all based upon investment and meaningful progress............. I think we got ahead of ourselves and this is the realignment as painful as it may seem. I am underwater here but waiting patiently to average down. 32p may have been the bottom... just don't know anymore. News on the power line and Q1 production may give this a welcome kick............B
Very close to where the institutional investors bought in 16.7m shares only a few weeks back. An absolute joke. What a gift!
However its just short term noise. They are not bothered about share price, i'm sure they have bought in for the end goal.
This is just being walked down on very low volume.
Beyond belief.. but I’m now bracing for sub 30p. I called this one wrong timing wise, sit wait and watch as it will come good IMHO
still friendless.............B
i have been buying today more FAR.
Ill be buying more tomorrow on any dips!
Good luck and have faith in Sir Mick Davis!
wouldn't we all SP28. You are a dreamer though.
Realistic news that I am waiting for is the BFS. If that is positive, then all the other pieces will begin to fall into place
This is still many months away though.
We should expect an update in May on the installation of power line.
Would love to see some news one of these mornings ;)
Sir Mick Davis stated on 15th March RNS - "There are multiple near-term catalysts for the Company and I expect to see significant progress in the coming months."
- Sir Mick confirmed as Chairman
- Small project fully up and running
- Snippets from the BFS
- Debt funding complete 'LOI' signed in principal
- VS appointing experience members to BOD
- Strategic agreement like Nextsource/Tesla
- Offtake for remaining 75%
- TR1 Major Fund/Institution/Mining Company
That would really separate the wheat from the chaff!
bought more today, but can sense 30p as the likely floor due to the most recent placing being at that price. This has proven that it can move in both directions pretty quick............B
Says the 1 post wonder.
Still heavy selling going on
Book flipped. Back to 47p and onwards.
Just managed to top up with 60k shares. Happy to sit on these for quite some time if I have to.
Ignore short-term volatility - this feels like a longer term play for me.
I view this as more of a riskier investment - I have a percentage of my investments which are in safer companies and a percentage which I'm comfortable taking bigger risks on.
Jet, free float is very low. As you have suggested, its difficult to buy any volume, when going up or down! Therefor no point trading, just hold for the long term.
Funny business over the last few days. Plenty of stop losses will have been hit. Thats the name of the game over the last few years, volatility has increased across the markets due to huge number of people trading rather than investing!
This had a similar move from 33p to 22p, and then within no time it was above 40p+.
Hopefully all the weak holders/traders are washed out, for the next leg up 60p+ towards the short term target of 80p.
SP Dropping now.. I’m trying to buy some more but struggling to get any volume.
Selling is nearly exhausted.
A 23.5% retracement from only last week!
We all know this can swoosh past 40p in a flash, can easily have one of then 15-20% days.
Bargain at this price. Currently only 8% of NPV! DYOR
Rather stay flat until news then drop as it has been doing!
No movement today .....