Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Padmaster. Interesting article in simply wall street this morning.
"New major risk - Financial position
The company has less than a year of cash runway based on its current free cash flow trend.
Free cash flow: -US$79m
This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk.
Currently, the following risks have been identified for the company:
Major Risks
Less than 1 year of cash runway based on free cash flow trend (-US$79m free cash flow).
Revenue is less than US$1m.
Minor Risks
Currently unprofitable. "
Clearly the journalists are infesters.
Wondering if it warrants one of your dittys.
There’ll be action before the AGM . Whose interest is it to have SC replaced ? Will the non BHP “interested” parties want to risk losing out if another Cuzzubbo is installed ? Will any new government want to go back to square one ?
We’re closer than ever to the first bid or corporate action that will start the ball rolling ......imo
At least we had regular updates and regular price marches under Mather!
Mather said the same spiel 5 years ago..
Thanks DM. So £300k per penny above 17
That’s why he’s there. Make no mistake nobody at that stage of a successful career is in a tip of a country for any other reason than to feather their nest
I’m expecting a crap bud maybe even 19p before the general meeting
Good evening SharketMare.
I don't get incensed about anything.
But you are correct in this is going slower than I thought.
I am in no rush.
Forget any JV or any more exploration, it’s been about a sale for a while now. Silly games going on
Caldwell has a crap salary and has relocated the butthole of South America to see this out. Those manipulating the price are trying to flush him out
He’s got 7m? Options at 17p and he’s not in Ecuador to find a new life for his family. He’s there to make those options pay. The squeeze is on, we will see a move very soon
It seems that every presentation Scott does is then followed by drip drip share price erosion.
I know exploration (eg getting permits) is no easy task in Ecuador right now but I think the most disappointing thing over the last 18months is that we were told that they were discussing potential partner deals on the exploration assets. The question that really needs firmly placing at Scott and Maxit's feet is WHY haven't you farmed or JV'd out some licence blocks, keep a % stake and let the JV partner do earn in agreement based deals that way we can continue with exploration but not worry about the cash burn.
So while the ENSA/ Alpala sale or PFS tweaks continue into Q1 2024... lets have some partner deals announced and get some exploration underway.
It's not acceptable to just say... we are conserving cash so have parked the exploration. What you need to do is find a way to deliver exploration (in that scenario) via JV deals. Can't be hard can it considering it nigh impossible to get new acreage in Ecuador that isn't in disputed territory.
So forget the prolongued ENSA stuff... what about the rest of the biz? Why haven't management converted some JV partner deals??
Pointless little fat scotch entertainer
Any relation?
Who the hell is Susan Calman? Was that your nickname on B Wing?
You’re more Susan calman than Billy Connolly these days Sean.
I bet you’re short fat and ginger
What happened to you in prison slug? Did a big Scotsman make you his Silvikrin Girl before you could be put on Rule 43?
Thanks for the swift confirmation 1084 :-)
Kat, have no confusion i am not supporting you. You lick Putins ass and have shown yourself up in the past on that matter.
I simply said it’s a good buying opportunity down here.
As for you Sean, you’d last about five minutes in prison before your mrs doubtfire act wore off
Not clever enough mate. You know only just enough to get yourself into trouble.
1984Investor - You are an ass*ole and I don't appreciate your support. You are a contrary indicator. You have not been helpful during this decline. You have been tiresome. You have outlived your usefulness. Goodbye.
I’m not on the other board. I don’t see 7p but I didn’t see 13 being breached either.
How many nicknames are there for the scotch? It’s not like there are thousands of well known ones
Surely if you think this is going to 7p next week like you say on the other board slug you'd advise kat to wait.
By the way - sweaty socks - jocks - is exactly the phrase you used on here as slug. Just not clever enough mate.
Funnily enough, the negative sentiment here is designed to drive away the opportunists who will come in when an SP is depressed. Keep hammering the sentiment and this will drive them away.
However, the most stupid thing is that the more that the SP and sentiment is destroyed, the more attractive this becomes to those who are watching. You are just inviting in another wave of opportunists to buy in and trade it.
Agree Kat is a screaming buy at these levels, I may add more if we get further drops as a result of the US situation this weekend.
Hard to take when your current holding is suffering badly over 52 weeks but a wonderful chance to add some more.
I wonder if Rab C will be auctioning his string vest collection to buy a few more?
I wish I had some more money to invest in this, because SOLG has become a real demonstration of how negative sentiment and share price manipulation are a contrarian indicator ( this drop is done on pitiful volume and on clownworld BB behaviour )
Looking down the back of my sofa, but my portfolio is fully deployed and my other O&G and raw mats choices are also in the downwave, so scratching around for my last couple of millions (! :-) !) to chuck at these bargains. Oh well, just gotta hang tough and wait.
And for the record , your anti scottish nonsense doesn't bother me at all - unlike the abuse you unleash from behind your keyboard at black English footballers. Remember, you've been investigated, identified and exposed - it's almost as if you want to end up back in prison. Enough said?
Slug, exposing you is my pleasure mate. Doesn't feel like a chore at all. You've earned this. Your current profiles are finished. 7p next week is it? You said 11p by today. Not sure what loneliness or rejection issues you are dealing with but you don't deserve any mercy. I know my banging on about this is annoying a lot of people but they have to know it's you, using fake profiles once again to project your malice.
The needs of the many outweigh the needs of the one.
55p by Friday anyone ? 😥
For the record Sean, I won’t be outwitted by a sweaty sock, after all they’re just a Geordie with their brains kicked out.
I have no intention of logging into advfn again. I made that clear when I signed off three months ago