Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I don't think you've done the maths right there add: feel free to lay out your calculations if you want them checked over by people here. The government top slice won't be fixed, either, and it won't be scripted until each renegotiation. Look at literally any multi-decade project for confirmation of that. Gov will squeeze in good times and waive in tougher times, same as it ever was. And the metrics are fine for many more percentage points than we're at currently, I'd say. Also, what are you using as the denominator? Because, in favour of your argument, the slide moves on a reduced output cf. the PFS. Still think we're plenty clear of tipping though.
You're right to say it's a question of economics: that's exactly why solg could well leverage the minerals for some years to come. But this is just speculation, and I don't want to be accused of 'deramping(?)'. Maybe we'll sell a load more shares at 16p to raise cash instead.
Aggie, it's not only based upon what the company has said, it's driven by the economics. When you take the government's cut into account, we simply cannot give away any more of our top line. To do so would seriously endanger the viability of the project.
You don't think there will be further royalty deals because of what SC has said previously, add. I admire that. I personally feel that we might reverse that promise, as many explorers have before, but I certainly don't think it's likely (eg: greater than 50% chance). I'd say a royalty deal is more likely to be announced in the next 12 months than a TO deal though. If we differ on this- fabulous! I'm not married to any opinion, I change my mind when new evidence is presented.
I wonder when the penny will finally drop with regard to further royalty deals? It seems to be taking a very long time.
Spot on as usual DM.
We can tell we're dealing with an above average IQ, but it's one that is obsessed with winning the debate rather than joining the stomping herd of SOLG bulls, and that's a shame for us all.
I've said multiple times that our short term plan should be to rebuild credibility with the markets: prove we have a workable phased extraction plan, use that to support transition to an exploitation licence, deal with funding issues when they arise (hopefully back in the 20s by then to lessen dilution). Or continue to use royalty streams, as SC's reassurance to potential buyers of no further deal isn't needed when it's clearly not the barrier to a TO.
Now, are you going to have a guess, or are you worried just how many of these I could do for you? You've been wrong about this share so many dozens of times it almost doesn't deserve a quiz question.
As for why I'm here, that's the same question one could demand of any poster. There hasn't been any 'news' broken here in years- just links to sites that all get caught by a news alert anyway. Maybe it's populated by luddites who can't use the internet, waiting for copy/paste articles, but the rest of the speculation here is demonstrable nonsense.
Waiting on a pick-up and finished reading the news, so here's a new quiz. Based on clicking a random page of a ramper's history:
1) who said, in December 2020 "the next few weeks will be box office"?
2) what happened to the share price in the next few weeks?
Just those questions this week, don't want to clutter the board on another no news day. Plentiful source material though!
It not only occured to me, add, I assumed you had. Hence my reply: I thanked you for it!
Have a good weekend all.
Aggie, did it occur to you I may have done it deliberately? Anyway, QED. Congrats!
NaL, my post wasn't directed at you but thanks for the outburst all the same. And yes a few too many last night I will admit.
Did you leave out the possessive apostrophe just for me? Thanks add, appreciate it 😊
Come of it Aggie, you are the Pedants Pedant. In fact you're so good I almost admire you for it.
Db, for reference please read the discussion Eloro and I have just had. Tell me who is reasoned. If you're not sure, look up 'reasoned'. It means "based on sensible reasons, rather than on appeal to emotions".
I asked for evidence and was told there was none. Instead, I was asked to provide evidence that something HASN'T happened. 🤣
Eloro….. these morons aren’t here to engage in any sort of reasoned debate ….. just get rid
If I were as pedantic as you I would point out that I didn't say you were hoping it was Jiangxi in the data room, but you've asked to stop so I'll happily do so.
For the record, I don't have any proof who isn't in the data room. And in case it leaves me exposed, I'll come out now and say I don't have any proof here isn't a tooth fairy, either 🙄
Yes, I am hoping for news of us being flooded with offers. That statement does not state that I am hoping that the Chinese are in the data room. Further, I note that you have refused to state categorically that you do not have a source telling you that the Chinese are not in solg data room.
You win Ag. I will not bore folks further with this exchange when you cannot openly confirm that you do not have a source telling you that the Chinese are not currently in solg data room. Further exchange with you on this would be pointless.
"Let's hope that the dam will break soon and we will be flooded with offers."
Right there. That's where you said you were hoping. Yesterday.
And as I say, that's fine. You do you. One of our cognitive models would lead to a better understanding of, say, evolution. The other would have us hoping there is a real Santa. But as I say, you do you and keep hoping 👍
Now you are putting words in my mouth. Where have I written that I am hoping?
I assume that you do not have a source telling you that the Chinese are not in solg data room, yes? I do not have a direct source telling me that they are. Hence, we are in the same boat waiting to hear something definite from solg.
Oh okay, so you were just hoping? That's fine, I wondered if there might be some evidence to support it, but no. That's okay!
I tend to favour a more scientific approach, where evidence informs reason. I like a bit of hopeful speculation, don't get me wrong, but I'm a bit more logical where money is concerned.
Hope your wish here comes true 👍
Ag, do you have a source telling you that the Chinese are not amongst the parties currently in the solg data room? No? I think we are both in the same boat of being left with making inference regarding who are currently in solg data room. Only Solg can answer your question.
We know Jiangxi did DD before their initial print purchase, but so we know they are in the data room more recently? Part of the frustration on this board has come from not knowing which parties have been accessing PSI- do you have a source that tells you it's Jiangxi?
SM- I only post on Solg, correct. And I've not spent anywhere near as much time on here as others, also correct. But that doesn't make my views less worthy. If you don't like my pov, I'm afraid that's a problem for you, not me 🤷♂️
Thank you Ag for pointing out an alternative interpretation of Warren's comment regarding the Chinese. I must admit that many, many years have passed since I got my English Language O'level.
My inference is based on the fact that the Chinese are amongst the parties in our data room. They are likely to be chatting with Solg personnel while accessing the data room the possibility exist that the question of how much are you willing to pay might have come up. Further, it is not unreasonable to infer that they would not be in the data room if they weren't interested in acquiring solg or cascabel. Until Scott provides more definite information, we are all left with guessing and making inference.
Shark, not share
Interesting late night post from you share. Bit of alcohol induced Dutch courage I suspect.
I your post you stated.
"Thankfully for you I don't buy into the whole paid-per-post"
Your either drunk or delusional to think I give a flying f**k what you think, or that I would be thankful to you.
Also your post makes no mention of the 1000000 sale, you must of conveniently forgot that.
Also shark you mention me being sad for being on this board and not invested. Then you like the clown you are, go on to say your not invested. Yet here you are posting on this very same board your not invested in.
Don't you think it makes you look a bit of a clown
True to form, desperate to pour cold water on any hint of positivity on an open ended statement. I must admit laughing when you tried to ridicule another poster for spending too much time over the years on this BB, seemingly totally unaware that you've posted 350+ times on this BB over the space of a few months, and not once on another share. Thankfully for you I don't buy into the whole paid-per-post nonsense, which leads me to believe you're just a sad individual with nothing better to do throughout the week and on your lonely weekends.
I'm not even currently invested in this share and I pity you, I really do.