Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Frog, time scales, i guess are very individual. I have set myself a time scale of 3-5 years before i may start withdrawing, but i plan on leaving the majority. As i feel there could be a very tasty dividend. I do not foresee the company stop growing. There is too much ambition and too much opportunity, although i review this regularly. At present as you continually mock me, along with some others, i am very positive and will not change my view or belief.
Good question happydays, we have been distracted by the Roan upgrade. Why not ask that pair of bozos from the Sunday Curry?
Agreed on expansion SeisNav. Exciting times indeed.
Frog
The reason it has been civilised is because gitreal has not posted. Like a small boy behind a fence calling the big boys names because he thinks they can't get him. Utterly pathetic. @mikie, of course we will not stop growing . What is the timescale for the small boys 120p prediction?
On that note, I have some questions I would like confirmed.
We are now in May, have we actually started to build the 4 modules for IRH JV. I think Leon said he bought out the capacity of the manufacturer. We building 2 now then another 2 later this year.
I haven't seen any news out on this for a wee while?
Just a gentle reminder to please be civil guys.....we were doing so well over the last couple of days and the bickering and sniping and piling on has returned again.....can we nip it in the bud and park any pettyness this evening now and return to proper discussion?
Thank you Northern. There’s way too much doom and gloom around. We all live for a little hope and Jubilee certainly give me some hope. You do your research and no matter how much research you do, there are no guarantee’s. Ultimately we are in Leon’s hands and i firmly believe he is a winner. I am backing Leon to build a major here from very little. Sometimes it’s just written and my gut is telling me, this is one of those fairytales.
Assuming the modules work as has been forecast then the only thing stopping expansion is the speed at which the modules can be rolled out. If that happens then we should expect the same kind of exponential growth that we have seen in chrome. Small scale miners will be queuing up to get involved. The partnerships with IRH will provide early cash flow to get things moving.
On another note, I was looking at the area around Thutse and there are lots of old open pit mine workings around there, I think there’s still massive potential for growth in that area too.
Meanwhile it is the 1st of May tomorrow clock's ticking.
Everything you said Edzi. Spot on. Talk sense and the same group turn on you like a pack of toothless hyenas.
Hi guys
Will ply in the morning
Out at the moment
Edzi, I did go to the AGM and did meet and speak to Mikie and others on this board adn enjoyed meeting them all. Mikie doesn't hide his optimism for the share and there is nothing wrong with that - in some cases it is nice to temper some of the doom merchants.
We also spoke at length to the NED's to first hand understand the initial issues with the copper.
What I will say is they have a plan which could manifest itself in short order. I don't go for SP predictions as anyone who thinks they can predict the market is often wholly wrong.
Do I think Leon will get this right like he has with Chrome - yes.
Do I think we are in for a steep rise in the valuation of the company - yes.
Everyone is entitled to their own opinions and long may that continue!
ATB
Northern
Edzi, i went to the last AGM and will be going to the next. You say you are not going to be rude, but you are very rude. False stop. In all your insults you still havent answered my question. You say the share price can get to 50!60p. So at that point they stop growing?
Edzi.... pots, kettles..... Do you disagree then that with a modest output of as little as 50,000 tonnes, and we will be producing that in 18 months or so, a copper price heading much higher, that hundreds of millions profit becomes inevitable....? Then there is Chrome.... PGMs, which will probably recover ground and who knows .....
I'm sorry Edzi but the only figures that matter are earnings PER share. It matters nothing whether there are 300 or 3 billion shares in circulation. Stop talking nonsense.
Gotreal
On the subject f not being rude, you are a very rude man who only likes his own point of view and suffers total indignity if another person does not think the same way as you. To me you have no place on this board as you don't add anything plausible to talk about or discuss. it's just your way or the highway. I know a few people like that one or two of them are invested in this stock. They are lonely, bitter, frustrated men who eat themselves up when things don't go there way.
Most of the postson here have been you calling out people and being rude to them when you say you can't stand it if people lie , well that's just as bad as the attitude you come on the board with as some of them have not been lying it's just there point of view. Your a child dressed up as a small man goodnight
50,000 tonnes at $8,000/t ..... $400 million.
Hi Mikie
Allow me to be honest but not rude, I don't think I have met you at any AGM's but I love your posts but think as I have said before your positive approach which is surely welcomed does come over as being naive to say the least. you have been ultra bullish from 22p down to 5p and always looking at the positive side of the situation. If that's what you need well great for you and I rally respect that situation. I would like to take a more pragmatic view of things, not only in the stock market but in life, there is a balance and it is always prudent to look at the factual situation rather than the hopeful stardust that everyone clings to. There are many reasons why the SP has collapsed, together with there being many reasons for the SP to go much higher and I do believe that it will. I also believe that the Copper play and the timing of it is also in favour of the Company. BUT like the statement that Leon said in an interview, the unit is ready and will be painted and then sent to Zambia, There will be many more bumps in the road and the Company is not perfect and toally stupid in what it does sometimes, this alone will hold back the SP. BUT to say that the SP will go to £1.20 in a matter of a few years to me and only me at this pint is total rubbish unless there is a bidding war once JLP are producing profits that in in the 100's of millions. I'm not saying that is not possible and I believe that this MAY happen in the future but having just under 3 billion shares in circulation does cut down the chances of this even if there was a share consolidation which itself is smoke and mirrors as technically there are still the same number of shares but they have been batched up.
Your posts to me come over as a person who is like a child in a sweet shop, looking at all the sweets and dreaming and hoping. I have said to you before, if the Company went bust you would put a good spin on it. Good luck to you I say, what a wonderful disposition. most people would probably take half there shares off the table if it got to 16p if they have invested at 6p. that is what a wise person does. I just wish I was one of them as I would have over 2.5 million shares in for nothing now. I should practice what I preach. Good luck and still keep sending your posts as I love them
Difficult to believe in 50p when we’re in single figures!
A profit of £300 - £400 million would justify it... You think that is impossible in the next few years with copper heading to $12 - 15,000 / tonne?
So, Edzi, Frog, if the share price gets to 50/60p, they stop growing do they?
Frogkid,I think like most people Gotreal wants to believe what he wants to believe, like the projection.
Has he worked out what the Company must be showing in nett profits to be worth £1.20
Like everyone, I wouldl ove it but when you get back in the real world we are 6p and if in the next 2 -3 years
we get 12/15 pods going and the Copper price is $12000 and the PGMs are back in fashion, well, maybe as you
said 50p to 60p PG I would love it. This time next year..........
Who on earth is predicting a rise to 120p!!?? That's madness. 50p maybe. Ludicrous pie in the sky ramping helps nobody.
I think I recall them saying on last Sundays Roast that they would report from Zambia next Sunday.
Many thanks . Ok
I would have thought the Sunday Roast chaps would provide some feedback re the Zambian trip etc ? Twitter? whatever ?