Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Good to see the SP holding up nicely through the placing turn with the flippers taking the profit. Looking good now for the short term. Exciting to see how CASA and Zamsort will develop.
Excellent comments Dcat. Thanks for sharing your knowledge
I think MMG like to grow by acquisition and If Misisi does grow to the 3m oz resource that�s a scale that I�m sure would interest them. As we all know 2-3m oz projects attract the attention of majors and are a different ball game to smaller but still commercially viable venturees. What we seem to have now is a board with better commercial acumen so hopefully an exciting story will unfold over the next year or 2!!
so after selling all off Leda as the document says Casa either didn't complete all of the deal or paid back a percentage of Leda in lieu of the subsequent payments mentioned in the original document.Which would appear to show a shortage of cash hence the sale to us I wonder if MMG were offered the buy out first ?if so and they refused they will presumably not be interested now.Particularly since they said it doesn't fit their profile. DRC govt with 5% plus taxes will be keen for this to go ahead to production.Thanks for the info and direction Dcat
Fulmar - check out the link. It�s to Casa August 2017 presentation so should be the most up there date.
Yep, if MMG want a higher proportion of Misisi they�d have to approach Casa (soon ortac) with an offer. That�s where we�d see MMG showing their position
Thank you for the correction Dcat.So my post should have not said MMG,but "30% as yet undecided.but I did find this which seems to show MMG sold 100% to Casa in 2012 " Anvil Mining Investments Limited) (MMG Africa) granting an option to Casa Mining Limited (Casa Mining) to acquire the entire issued share capital of the DRC incorporated entity Leda Mining Congo Sprl (Leda) from Anvil Mining and MMG Africa (Original Agreement)" Do MMG own 30% of Leda since this ?
What needs to be seen after this drill campaign is whether MMG try and increase their percentage of Leda mining. VS has in previous interviews stated the reason for our earlier fundraise in which we took an effective circa 45% interest in Casa was in part to defend against other options. Whilst no details were provided it is my theory mmg has offered to fund the current drill for a higher percentage of Leda, but Casa and ortac wanted to retain Casa controlling the licence
Fulmar - think you�re confused buddy. MMG do not have a holding in Casa, they have a 21.5% interest in Leda mining which holds the misisi licence (casa holding 73.5% and the DRC government the other 5%). The offer we�ve made seems to have been accepted by Casa management for their holding and at least one other holder. See Casa presentation at http://www.casamining.com/upload/files/170818%20CASA%20Investor%20Presentation%20Aug17.pdf
One of the nice things about this company is that there are several potential catalysts.2 drills @misisi will/could help but the main three in my opinion would be !. Sturec news, JV or sale (NVS in Slov this week) 2Misisi .MMG acceptance or refusal of offer (55c 6 month deadline) will be followed by news of next drilling program.Poss JV 3.Kalaba drills (cobalt +copper grades)
What do people see as the more near term catalysts for Ortac? Listened to Nick on Vox this morning and he sounded quite upbeat about the future (obviously he has to be).
In the PS in my previous post I meant : I was NOT convinced
It looks to me that the people who participated in the placing for a quick buck have gone and the rest are like me ie got an average at around 2.8 and I'm not interested in selling any until I see 10p as imo this is now a transformed company with a clear strategy, huge assets and massive upside potential and it's not unnoticed by smart investors. Let's hold those shares and let's enjoy the re rate as the fun has only just started. PS Feeks, well done on Zioc; I held for a while but was convinced by the future of iron prices, but good call on your side.
I apologize for the boring rhetoric with Manc,but he accused me of being a the alter ego of trolls on here, and because they annoy me with their very existence,I found it offensive.He then backed up his wild,unfounded and dumb accusations with a bet of �100k which funny enough he seems loathed to progress. I now have him on filter and will only respond privately if I get that email from him. I am not holding my breath,just another mouth.
The screenshots are evidence,because a bet was made.If I make a bet,I honor it.As far as I can see no posts have been removed look at 19.45 yesterday.Screenshots will be supplied by email.No more conversation with you on here as you are boring the pants off me and obviously don't have the morals to back up your accusations and subsequent bet.Filtered
Ffs grow up you two
I don't think I am able to remove posts,and you didn't "think " it you "stated" it.And then placed a bet (�100k).Now stop delaying and respond to my private email and get this off the forum.
Manc this discussion as I have said now needs to be conducted properly ,and off this board,hence my requests for you to reply to my private email.I can still see at least one of your previously offensive posts ,so just take it to a quieter forum and put into action the bet you made.
Can you two have your spat elsewhere please, this is not the place for a childs dummy to be thrown from one of you to the other!! Good luck all holders, anyone who's been in for as long as i have, deserve all the luck they can get....
I will supply via email
Take a look at ZIOC today. Ha ha.
I didn't,but don't worry I have screenshots of them all ,please respond to email address and we can progress.
Really has strengthened over the last 24hrs! Back over 3p today, by the looks of it....
as I told you last night we can appoint a jint solicitor to hold the funds and I will pay for the agreement to be drawn up.Now just respond to my email address and I will supply my full details and we can get things started.off this board.
this value does not account for a single mine that what the new manager said. listen to his podcast.