Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thank you for your opinion, Hodgefox. Looking forward to the views of Toro and Farquar, if they are inclined to share? I am still in and deeply red as I was expecting fireworks from this share many moons back. At least the fundamentals are good and we will be back flying again at some point for all the reasons you listed.
Even Toro*
I’m still here and in regular contact with Farquar, Toro and quite a few other long term holders. I actually met up with a few in London at 121 on Wed & Thurs this week.
I’m my opinion the fundamentals and technical work around the geology, metallurgical testing & drilling are still very very robust.
The contrat between what’s happening on the ground today in Ghana, Côte d’Ivoire & Chad (but we still need a more detailed update) and the story three years ago as we looked at Gabon and May Queen at Monogoriliby is really remarkable but the SP is now back to where it was at that point.
And there lies the disconnect. We’ve seen the broker reports, poured over all the geology and researched the wider picture around EV, geopolitical issues globally and scrutinised all the RNS, the vision and strategic changes.
On reflection I think the BoD made some really good calls but primarily in CDI with Zaranou and Ghana with Cape Coast. (The back story on the lithium discovery is really good).
The SP is very frustrating, I agree and surprising but as long as I see the disconnect I’ll continue to add.
This is not an AIM P&D but a wait for those fundamentals to come through imo.
The fact that Vincent Mascolo has considerable amounts of his own money invested continues to convince me of his determination to succeed.
Len Kolff is doing a very thorough job of proving up the assets.
Views about how juniors progress are changing and more and more companies are looking to advance projects through to production and get the desirable revenue stream going so funds can be ploughed back into other projects.
The Lithium is one or two projects (mines) dig it and ship it to Takoradi. The quality is there but who wants it. Given the scale and quality with excellent logistics I can see a number of auto companies going direct to source and negotiating a deal, maybe even one that’s going assemble cars in Ghana and likes Wolfsburg FC.
Having said that maybe a large corporate major very close to home and our SA connection in JoBerg will snap up everything.
Lithium is the place to be still and will be increasingly so over next 16 months. Lots of additional info on battery cathodes and lithium-ion over the next ten years but I’ll keep that to myself.
Gold is seen as an increasing safe haven. Heard that lots this week. How much did Sumitomo pay for the Canadian gold company two years ago? Well look what’s happened to gold since then as the world goes crazy.
I’m sure Farq and Tori will pop up soon with their own take on things.
One other thing. If you get the opportunity to attend the next shareholder meeting then take it. Meet Vince and Len or Victor or whoever attends. Grill them on everything from geology to funding to practical logistics. You’ll feel better and more relaxed but not only that, more confident too about the long term upside that IRR is still on track to create.
Wow. Im actually gobsmacked at how the SP has ended up back here, my originally buy in July 2016 and 3 years later here again.
Hindsight is a wonderful thing, we all wish we sold in the high 30s / early 40s but i always saw this going higher, but i currently dont see where this is going, probably lower based on trend. We desperately need news, but not just good but epic to see any sustainable rise.
Anyone know if Toro/hodgefox/farquar in here? Any ideas when we are getting news?