Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Ignore that last post. It wasnt meamt for here.
You sure there was a sheet doing the rounds with befor wand after rates and I'm sure the mech foremen were on 149
Whilst the current options have been granted at 2.9p the outstanding options from previous years are at an average of 10p (based on annual financial statements). So hopefully this still incentivises the directors and employees!
@987- Our CEO has no courage to answer my previous 4 mails and I can question this on his face too (as I've also written this to him before copying it here this morning).
And I await for his reply.
I'm not here to impress anyone. See you at the meeting.
@bhargav - do you have the bottle to say that to the CEO’s face at the AGM?
I’ll be very impressed if you use that exact wording and reverse my opinion that most of your comments are made without much prior thought.
Looking forward to it a week tomorrow.
Regards,
987etc
Well said Bhargav
Dear CEO,
Congratulations for helping yourself with more freebie options for you and your 'stunning performer' team this year!
I'm sure the committee was overwhelmed by your achievements this year!!
Kind regards,
Bhargav Joshi
(Share Holder)
Thanks Bhargav, if he wants back in he better get a move on. I reckon this is in for a big year next year.
Regarding the directors guying, ever thought that maybe they are in a closed period? You Never know what's going on.
I personally don't see a Newmont takeover. IMO, with them already having a deal to acquire 80% of Anzá, there's no point.
But maybe, if they like what they've so far and with them footing the bill for all exploration and construction costs, they might think it a good idea to buy out OMI early and relatively cheaply.
You just never know what's going on.
Personally I want to own 20% of a producing Newmont Goldcorp mine. If that comes off this is gauranteed to be valued £95m+.
This really is a millionaire maker if people are patient and start believing.
Major- Silverlight have sold his shares long ago at loss and walked away. I believe silverknight is different person.
Anyway, thanks for your analysis and I agree with what you say and I'm also planning to push my holding from 660k to 1m in near future (hopefully), but, why our directors aren't buying at this rate? I'm sure they won't mind to see it go from 3p to 63p too :)
Our new recruit Chairman own 'zero' shares and a few freebie options!
Silverlight, I had limited myself to 500k shares as there were still some unknowns.
To me these were, would Newmont walk away? Would the Uraguay deal be satisfied? When would the outstanding mining concessions be signed.
Over the last month 2 of 3 have been answered and the 3rd is all but there. Details below.
Potential for Newmont walking? IMO this has been answered with Newmonts payment of $690k last week to maintain their earn in. They obviously did their due dilligence before signing the deal and have now had a team in Columbia looking over the data for over a year. The fact they could have walked away but didn't and paid the money tells me all I need to know about their commitment to the exploration phase and the potential they see. They are going nowhere until Anzá has been properly apraised.
Regarding the mining concessions? The current Governor of Antioquia Luis Pérez has been with withholding signatures on mining concessions for the past 2 years, playing to populist anti mining sentiment in Columbia. However this backfired and on the 27th October he was beaten in the governor's election by the pro mining candidate Aníbal Gaviria. With Gaviria in office and supported by the pro mining national government, Mining and Energy Ministry and the National Mining Agency mining in Antioquia will be full steam ahead next year and IMO the concessions are now a forgone conclusion.
My last doubt is will the Uraguay deal be satisfied? I always knew the plant and equipment would be sold and the 10m shares would be issued, that was a no brainer. My concern was could we get a buyer for the licences. After all who would want them if they were uneconomical. However the RNS this week has shown there is interest and hopefully the sale will be confirmed withing the next 45 days.
All in all there has been lots on major news for OMI over the last 4 weeks. Its just that no one is paying attention. I'm ok with that because I'm paying attention and for now will be looking to build a 1m shareholding under 3.5p. If the Uraguay licences are sold I will consider going up to 1.5m. Considering my target MCAP here is £95m equivalent to 63p per share I will be a very happy boy if I'm correct.
DYOR but I'm very happy with my investment here.
I did challenged our Ceo for that......send him 3 mails for this.......and he never replied to this day :)
I really hope you're right Major but if this is such a dead cert why aren't the directors filling their boots? They've had plenty of opportunity. Or Newmont buying cheap shares up to 29.99%? I'm averaging 9p on this but feel very cautious about taking any more.