Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Here’s an option. Get Luansobe open pit up and running, then sell a profitable producing asset one year down the line whilst drilling the deeps and some others off part of the proceeds. Could be massive squared!
The AFP discussion mentioned, in effect, that a small open pit was manageable for AIM juniors. Plenty of information previously discussed by Cooper Lemon/Galileo on timescales, also RNS on low overburden, tonnage, cutoff grades etc, and guys on site at Luansobe today. Your money, your choice on how you interpret various sources of information. You might think those on site are potential acquirers, you might think they are contractors to mine and haul the material. You will have to work that out - either way - could result in a significant multiple from here. The other piece of information is directors buying on the market - when did that last happen ? Some will wait and only act on an RNS - good for them. Others join dots differently. It depends on risk appetite.
But thanks for the patronising comment
There is also a difference if they know that a special dividend will be paid on sale or the money goes elsewhere
There is a big difference in return timescale from operating the mine to an outright sale
As do most people who bothered to do some simple calculations. That’s why some folk accumulated decent positions.
"They will when they receive the official confirmation direct to them. They are following protocol. They have had the same notice so far as we have. Nothing stopping anyone doing the same."
Ye s but what they do have is a knowledge of plans for Luansobe and the timescale/magnitude of return on investment
The thread ‘statunga open pit approved’ was written on the 18th. The Cadastre was updated a day or so later.
So, the small rise wasn't based on the license approval as i thought. The only people to know are likely already invested. The rise was from them two.....So when this news is released publicly to the AIM RNS investors, how big a rise will it bring?
I understand that. I suppose a more professional outfit would release the news to the public before lining thier pockets.....well along as we multibag from here.
They will when they receive the official confirmation direct to them. They are following protocol. They have had the same notice so far as we have. Nothing stopping anyone doing the same.
I thought they were going to announce the license approval via RNS? Seems a bit dirty to find out the license is approved, buy shares, and then release an RNS to the open market.
Maybe the message is full steam ahead on Luansobe Open pit production. Outsource. All discussed previously by the management, podcasts, and presentations. Big $$$
The incentive to realise value from the assets is clearly huge.
Looking forward to it.
Colin has 6.83% share holding
plus i believe 25.5m options
if he exercises these he'll have approaching 9% of the company
great incentive for him to screw the very best deal from a couple of asset sales - £100m or £200m over the next year or two and the maths is quite easy
They have mentioned JV’s, interested parties on site recently. It’s in the open. Teasing us! Next set of RNS will be interesting :-)
I mean open period lol. Long day!
I was thinking the same thing, obviously a closed period now so able to purchase. But he obviously knows what's coming in the future! Luansobe could be the catalyst, together with out extra £2.1 million end of April
Interesting message to the market. :-)
Love that Colin got his shares cheaper :))))