Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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No response as yet.
Hi Chesy, did you ever get a response to your email? Any mention of a hat happened to the 51%?
I make the AUS Dollar to GBP about 1.68/1 or am I missing something?
The exchange rate between Australian Dollars and GBP is about 6/1. The exchange rate between GBP and USD is 1.27/1
where do you get the £1.12 million from?
Is this a con??????? - They sold 5 million dollars which is worth 3.93 million pounds for 6.7 million AUD which is worth 1.12 million pounds. "... for approximately US$5 million (A$6.7 million) cash consideration"
Are there rules about what the money can be used for? How much will be used on salarys?
You too bobby have a good one
That was said in jest Akhtar. Fortunately my average is quite low & I still think I'll make a profit here.The first shares I bought were in 2010,I have traded along the way for my sins. Well aware of Marl,I also remember what sentiment was like there a few years ago as well. Have a good weekend.
So you are happy to hold for 9 years just to get your money back? I suggest you look at Mariana the CEO there turned that around in 3 years, this village idiot needs to be put down to stud.
Even I'm not that optimistic,90-95p will do for starters. I'll give him till first gold pour in 2019.
Truth is bobby he is not going to get this share price back to over £1 lol
Thanks Dan you sure about that? That breaks governance and also how it has been managed this should have been out to vote.
I think its sitting in WH's bitcoin account.
Akhtar,I don't disagree with you with regard to WH.I wish we had someone like Ian Slater at Red Eagle.We do however have the asset & two ii that will want to do well out of this .I'm sure if they don't think he's delivering changes will be made, after all look at the percentage they now own.Having been invested in MNC since 2010 I'm prepared to stick it out.
$5m for all of LC its an actual joke, we gave 51% up for the Investment into newco to complete LC feasibility, with further amounts to be given for additional equity - as they were putting the funds in the newc and they now own 100% of NEWCO, MNC never received a penny of this, they have got these funds back (FREE) We have sold our 100% of LC for US $5m, this money will become part of MetMinco's Cash Assets to be squandered
Can someone pleas tell me how much in total has been r received for it and where that cash is sitting?
I don't share you optimism bobby as you can tell :) I might be dwelling on the past but look at it like this Howe has failed badly wasted a lot of money unnecessarily, can not interact with investors and when he does he alienates himself and that is why I am negative about him when I never was and had a goood relationship with Tainton. If he can do that with his own investors look at what he can do with prospective buyers. I personally think he could have cut a deal with mills as but he is an absolute prat. I don't think they did and hence change the terms of the deal. Also Howe has never bought any shares in this business until very recently. I think change in management is needed and Howe is held accountable wasting time and money on studies for Los c and what the original deal offer was which he is hiding from us. I wish I do share your optimism, but I have been right about this and you can ask geoff and chesy. I agree being pessimistic does not help nor make any difference to the share price, but people need to be aware about mgmt as well as company.
Unfortunately we can't change the past. Looking forward the gold project has fairly specific timelines which we can now only judge on moving forward. We have an excellent gold prospect which has already had nearly 30 million dollars spent on it by Minera Seafield before they ran into trouble.Not a fan of WH or company PR but large holders obviously see value here and there is their man on the board.Redfield were happy to pick up more shares recently which I see as a positive and to my knowledge no large holders have liquidated stock(although from website top shareholders list doesn't appear to have been updated).We all know if sentiment changes here the price can move very quickly,& probably more so now less shares in issue.
Yes, but Howe is not the right man to take this forward as history shows.
Akhtar,I don't dispute that...& would never make excuses for it. For most of us that have been here for awhile we'll just have to see how things move forward.
Bobby, Far too little far too late for me. Los c was royally messed up with the amount of money spent on it, ask Howe to tell you how much was offered for Los c a few years ago, he won't and that is very telling.
I think there is a strategy with the gold project as clearly demonstrated in the last presentation. Whether that can be delivered is the problem from what has gone on in the past. Time will tell. Like most I don't have a lot of faith in WH but I do in the gold asset.
We are now down to one horse running, Mira. She is looking like she can win with a great run (feasibility study) and we now have better quality sponsors (II's), let's just hope our jockey doesn't mess it up before the end of Q3 and fall off. Poor old Calatos was a no start and has been sent to the glue factory. Molly lost a leg and is proably going to be shot.
He is squandered money, has no clear strategy keeps waivering in a few years down the line I expect him to say we are now a lithium miner. Paid handsomely brings nothing to the table unfortunately.