Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Oh Albi, it would seem your a bit more clued up than I am, I clearly need to read more!
Been sitting here for a few years, reading some positive (or what I thought) news and then nothing. I got out of EML to invest here, thinking more oppertunity.
Now I'm thinking sell, swallow my loss and move on. Another one bites the dust!
Decisions, decisions ...
Dop
IMO, this mine if ever built,,, and I mean if ever built ,, will not have a listed KP2 involved in the process. Yes, the BOD will do ok from it however current PI's will be wiped out / the losers. Problem here is the share structure ,, it is now stitched up. Said this some time ago!. The consortium won't care if the SP hits zero as they will take full control in any event, they are the funders if it's ever built and in control. It would of taken the BOD to protect some PI value, however they wont.,, bit like politicians imo, only looking after themselves.
Sorry CBax, as much as i want good news i don't think this is. Significant extra costs/dilution to give to a company to basically offer us a quote to build our mine. It's been 10 months since EPC was submitted and now we need to fork out extra dough. Sounds like Power China/SEPCO are recouping some costs for work they have completed. Is this common practice for companies to pay other companies to quote them for services?
As expected imo, nothing happening and massive further dilution to come. Therefore my revised TP = 0.02p after director loan dilution and other delays.
The markets reaction also tells a story!. No interest at all.
At least it is still alive.
Reality is it will not be delivered next January, this will still be waited for in July next year. Plus Kore will have the privilege of stumping up 5mill for their tardy work.
Could be potential here short term on speculation. These are good RNS s( I think ? )
Wow. Interesting. Light at the end of the investment tunnel.
Back over 0.60 - small mercies! The Chinese are clearly playing up, if things start moving in RoC maybe they could be replaced?
According to all the research on the ZIOC board the Congo is about to be swamped with investment which must be good news for KP2 but don't bank on it!
Nope. Still waiting for the inpasse to break with chinese, which is least likely scenario, equity raise, or buyout.
Any good news likely here anytime soon ?
Addi, 0.54p now... nearing my 0.25p target SP following the fund raise.
@ALB1 not sure why you haven't answered my question and proceeded to instead decided gloat at my paper loss? However no worries, all the best.
I have to say, ALB1 's forecast's on this thread are looking more and more proven by the day! 5 years and counting i reckon now! Zzzzzzzzzzzzzzz
Baravelli, this is a great buy at 0.025 / 0.03 , its a 5 bagger from there.. if you sold when i said last year at 1.1 /1.2p you'd be sitting pretty... your loss. I'm loaded up and ready for the raise, i will buy at the same price Brad does..
Can anyone explain why we can't get another construction company on board? Seems crazy that the delay is the construction company. Surely this breaches MOU agreement?
.....you all listened to LT, who has cost PI's a lot of money...
Gravy train here... however the best is not yet done .... fund raise at 0.025 wiping you all out..
Looks like a drafting error in the announcement.
Brad gets USD 550,000 per annum salary. In 2021 Brad and other directors got USD 776,833 in total. In 2022 Brad and other directors got USD 793,000 in total.
That is crazy money for the CEO of a tiny AIM company. Quite likely substantially above his market clearing rate. Copy/paste the same RNS once a quarter.
Easy money for Brad. How many more shares will be issued to pay for his salary? He's laughing at us PI's
From today's RNS:-
"In accordance with the ASX Listing Rules, the Company will also lodge its cashflow report for the Quarter today. Included in those cashflows are non-executive directors' fees and the CEO's salary of US$198,000 settled in cash."
If this means Brad Sampson's salary is $792,000 a year, there is your reason why this project moves along so slowly. The longer it takes to come to fruition, the longer he keeps his salary. New owners or financial investors would most likely bring in their own CEO.
The Chinese are notoriously slow to deal with and there is no guarantee they will not suddenly lose interest, as happened with the Chinese COIDIC Memo of Understanding with Zioc a few years ago.
However with the renewed Chinese connection with Zioc and other developments in the country, I think finance will eventually be found for Kola.
When though is entirely another matter....
I suspect the main thing preventing the govt of ROC from confiscating our license for non-delivery is that then they would then have to deal with the Chinese directly to get the mine built :(