Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think the gold and Covid rush are also stalling interest in companies like NCCL, as you say badeli, nice to see some posters back on here and sensible conversation (one benefit of being an under loved share though is no derampers). Just need that news flow to start now and Hanno to instill some confidence in current investors whilst enticing in some new ones!
Yes agreed things are starting to look a little more positive. My views have been stated previously - SHATS, EPC, Historical costs confirmed, combined with new timetable stating tariff agreement in Q4 and we'll move to 6-7p. Once tariff is signed we're looking at 10p. And as each other major milestone is passed we'll start moving toward 15-20p pre-FC. The Shareholder Agreement just prior to FC is when I'm expecting an equity move to be made by one or both of our partners. I'm expecting about $50m per 10% take taken (10p value), which has been written in a previous report and does make sense given the financials of the project. I don't believe they'll do it before-hand as there's too much risk involved until everything is signed, bar for FC. So for H2, providing the 3 x pieces of overdue news are delivered along with a timetable (with no slippage except for the tariff), then there's at least 100% upside pre-tariff signing, and 200% upside when it's signed. We've visited 10p a number of times previously, albeit with less shares in issue. But there's no doubt in my mind that we'll see it again when the tariff is inked. If 20% of the project is taken by our partners for $100m, plus the $50-60m of historical costs and developer's fee, then I can see us getting to CFs 40p given we'll have a cash equivalent of 30p. But the first step is getting the well overdue news and no slippage on the tariff. Then the dreams start becoming a little more realistic.
Good to have a few more comments here now - remember the days when there were multiple posters? The company has moved on so far from the SEP das and yet interest has waned and will not return until the first of the eye-catching RNSs which include some of the numbers we know we will see and which should at last begin the rerate we are expecting. At least we do not suffer any more from day-trading derampers but I suppose I hope we will see them again as that will mean excitement has returned.
I haven't bought for a little while but will probably do so later in the week if I can realise some profits elsewhere.
Also had communications with PR who advised that there will be an increased news flow and communication with shareholders from here.
It is starting to look more positive