Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Oil tap, that’s totally fair enough - I’m not questioning anyone’s personal assessment or belief
Q4 was pretty similar to Q1 of last year. And yes you can say more stopes are coming, see the RNS - but we were all saying that in September/October as well! This is what I mean about this being more and more a question of pure faith. We keep being told more stopes are coming, despite which they don’t. In fact, I think in Sept/Oct we were all expecting 6 stopes by year end, whereas now we’re only aiming for 4 by April. So, will this be the time when they promise more stopes and deliver, or another time when they promise them and don’t deliver? That’s the key question really
Looks ok to me .. we are around 2 months behind where we hoped we would be... its not a disaster as some would have us think.. given how hard mining is.. when you throw all the Covid stuff on the top.. they are doing ok..
Like DJryan says.. its pushing through this last few hurdles..
Hi djryan. Enjoy your posts and respect your view. I do think it basically amounts to keeping the faith that it’s going to get better. And of course it may do. But I wonder what the actual evidence is for that, given that we were told, and all believed, that it was on the point of getting better throughout most of last year, despite which it didn’t, and given also that (contrary to Oiltap’s reference to positive trajectory) there is not a particularly clear upward trend in production
Hmm, basically every time there is an update we’re told “production is bad but should get better”. Then the next update: “production is still bad but should get better”. From an investment merits perspective, the current level of production is of no interest, so as a bull one is pinning everything on the assurance that it will get better. So, what to make of the fact that it keeps on not getting better? I guess one view is that as we spend longer and longer in the development / screw-up phase the closer we must be getting to it being better. For myself, I think that’s rather a charitable outlook on what is basically tranche after tranche of bad news, in spite of which we are invited to believe in a better future
keep saying this if company continue delays more placing if copper drops then that changes thing quickly
at least they've removed this from each RNS they put out
"Rambler's focus is to regain its production profile at 1,350 metric tonnes per day ...in 2021"
...more...waiting... :(
Previous rns told us we produced 520t saleable copper in Oct ,this rns is 1090t in the quarter = 570t in Nov Dec combined.We already knew Dec wasnt going to be great but Nov cant have been special either.If thats the case it must have been obvious to the BOD some time ago that there was no prospect of clearing the hedge in 2021.
Loosing faith here in the BODs ability to accurately /honestly inform us of what is happening.