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.
Agreed addicknt we need to hold for the strategic review so the company can explain to us shareholders for the umpteenth time how we are going to move Cascabel forward.
dave, surely the logical answer to that is you hold until the SR is produced? It doesn't seem to make sense to sell when we're on the cusp of potentially significant news.
Of course, I accept it may not deliver what we want, but I'm of the view that Sangha and Co entered this arrangement with a very clear view of where they want to take things - all they have to do now is deliver.
It's a question now of how long do you hold though, there appears no support to the SP at present
Morning Add
Yep funding overhang has gone, major new institutional investors on board ….. just sit back and wait for news. Todays rather depressing share price is no reflection of where this can end up.
Monte, you are absolutely right, everything has changed.
Bearing this in mind, I find it ironic that, having been so patient for so many years, some people are upset the new regime, who've only been in place for three months, haven't yet delivered the SR and are accusing them of incompetence.
As I said yesterday, the company set itself the difficult technical task of completing a cross-border merger whilst simultaneously reviewing every aspect of our corporate strategy - oh, and raising $80m financing as well.
It doesn't get more fundamental than this and it's EXACTLY what many of us have been wanting for a very long time. Give the blokes a chance!
It's only very short-term funding, though.
Perhaps SOLG will be bunging them a quarter mill, every couple of months, forever ?
Monte CGP are happy with the outcome because they were getting very close to stumping up a load of money and as we now see they don't have it, as we are currently lending to them.
I would say if you listened to the company line and ignored absolutely everything that has actually happened in the last 6 months then nothing has changed.
A few things don't fit well with that school of thought.
What Bob Shanga said about that course of action , lots of the top personal leaving in quick succession with no explanation and no replacements . Indigo going as far as mentioning a new strategy when he left suddenly. All the studies being put on hold.
I would say, something clearly changed.
Oh and that's not to mention cornerstones suddenly found enthusiasm for merging after all.
Quady , in this moment I simply cannot disagree with you.
Absolutely love the pun monkey jack off really made me smile… BTW how do you know I’ve said bye bye bye to my money then ? Another game player has shown up lolzzz do your self respect a favour and stop worshipping the fake messiah :)) have a great life buddy
Covgaz if you accept no bid is coming. Then everything the BOD has said makes sense.
We are conducting a strategic review in order to advance Cascabel.
Just ask yourself how do we build Cascabel and remember all the other announcements that point to a JV.
BN.c , they'll be delivering for themselves , watch the RNS's re options etc.
add ,to comment on one of your earlier posts re Claire at al buying 165k of shares. You suggest they know what's coming. Isn't that insider dealing?
Just to add to that , didn't some lot pay 32p not so long back foe £5m's worth?
Until there is any sort of offer , ever the BOD are working it out as every day passes.
As for drilling in Australia , well , I thought they told guys the riches were in Ecuador? Are they not so sure now that Ecuador is an easy jurisdiction?
So many questions , no answers.
I hope RK can do a post tomorrow so that I can comment it was so good I recommended it.
"buy, buy,buy guys !!! I am and will be at these levels, lets see if I can get to that magic 6 figure stockholding"
Novice has been previously posting he had 800k shares here, then he posted the above.
Someone should tell him the difference between six and seven figures - you would think he would know the difference.
Still holding.
GLA
Still holding.
GLA
Really delivering shareholder value aint they................
Well done Sangha, Irwin et al
Wnkrs!!!
BN.c
No stress Quali, nothing going on here, move along please ;))
Confidence in abundance there, Qualibashi. I agree that Chinese owned company will probably be the first to bid. No rush for them though, fingers in many pies etc. Long wait still to come, but worth it eventually, if the dilution isn't too painful until then (most of the dilution will probably be through share issues to greedy directors with noses firmly in the trough!! These guys this quarter, some different ones next year etc, cheeky sods).
Good to see a bit of balance in this board- few months ago the rampers were running riot, working together to try and shut down any sense of realism that got in their way. Now we've got a fair few understandably disgruntled investors rightly airing their frustrations, and the rampers still clutching at straws.
I wish the company was in better shape, but whilst the sp is rock bottom and Maxit are trying to bluff us to a bid, at least we've got debate here.
Add - the future is certainly not bleak- the Tier 1 is so massive potential buyers are thinking not how much will it cost to own-but it will be even more expensive not to own a 55 year mine life at low capex extraction costs and guaranteed production.
FOMO is a massive mindset amongst the Major's.
We all know this and so do they.
I firmly believe that the CHINESE will be the first to bid.
Deep pockets and world domination makes this a certainty.
So guys, sit back take the temporary pain now and watch for any rebound as a sign of future activity.
Q
I'm starting to get the impression this will always be promising jam tomorrow and always sucking more fundraising from punters. I'm glad I sold most on share price bounces and will look to do the same for the rest if that happens.
Fair enough Addicknt, we will have to go down the incompetence route then sadly.
DM, I share your frustration, but we need to reflect upon the complexity and magnitude of what's going on and recognise these things take time.
Monte, Caldwell is on $200k per annum and Clare earns next to nothing.
I honestly don't think either saw it tanking this badly.
I think they thought a bullish statement from Maxit and the threat of an SR (that could see the asset move into the hands of another party) would draw out a bid. It's a tactic that has worked before, but it relies on FOMO from bidders with deep pockets. Lots of majors would like to have Cascabel producing and adding to their output, but it's a proposition laced with uncertainties and they have shareholders too. "Why did you spend 2bn you could have distributed to us as div?" is a hard one to answer when the next batch of CapEx money is due.
Possibly because they get circa 5 times in salery and rhats part of the deal?
I believe its called a bung. I'm not saying that exactly what they earn or what has happened, its just quite common practice in the real world. And guess what you will be the last to know. Most will never know,yet it happens all the time
DM, no, it wasn't directed at you and I happen to think they'll be looking for more than double their money.
They didn't invest 'blind' and know full well what the direction of travel is likely to be.