Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Based upon their likely commission rate, does that provide any idea of what the range of valuation of the asset could be?
This share is a rerun of Xcite in my opinion. Look what Rothschild did for the massive reserves Xcite had. Gave me a massive hole in my pocket.
I doubt it.
they are a well known sucessful investment bank. they don't need the retainer money (small as it is). the motivation will be the % of a sale price they eran in commission.
anyone think an investment bank will spend months working for a million or so? not a chance, they make that on issuing one convertible bond!
Well, I made the same point some time ago and the reply was something to the effect that Rothschild's would do it anyway for money, regardless of whether the asset was any good.
yes, and even more to the point Rothschilds are happy to waste their time trying to sell said useless assets!
:)
the stupidity of some of the bashers on here beggars belief.
Very strange - how people interpret events.
Apparently, people call in Rothschilds to sell worthless assets which they would never be able to find a buyer for otherwise.
'If that was true, and there really is something saleable, imho you don't need 6 months, or Rothschild's, or a marketing plan or any other clever prolonged devices to get the LE sorted. '
If you want to sell something for the best possible price, you create a market. Figuratively punting it on to WeBuyAnyCar is not the way to do it.
JP told me 2 years ago at the AGM that he only had to send a text and the company would be sold, the buyer (s) was that ready. If that was true, and there really is something saleable, imho you don't need 6 months, or Rothschild's, or a marketing plan or any other clever prolonged devices to get the LE sorted. All this paraphernalia smells like BS to draw out the generous salary and expenses jamboree of yet another AIM farrago.
'The way to maximise SH value is to raise funds and drill, inc. SM. If this takes 12-18 months, so be it, We may still be here in 12-18 months with the present plan'
testpack- I'm sure you appreciate that they always have to consider risk vs reward. Maximising shareholder value cannot always be the plan. That is what we have tried to achieve and to some degree failed. I presume to have the opinion above, you have a view on our NAV at this point in time. Care to share?
I'm not sure why people think there won't be interest. The reasons for interest (separate from offers) would be:
gas vs oil
well developed concession- GSA, FEED, BOT etc
production cost
onshore
fiscal regime
geographical connections
country support
geopolitical considerations
exploration work to date
exploration upside
We've already been told there were a number of management presentations being made, which per advice would be after the interested party has viewed the data.
There will be significant interest (IMO). When you really look at the alternatives out there, why wouldn't there be interest?
The only question is the price. Everything has a price.
I'm always tickled by this addendum. Perhaps someone can tell me what a disingenuous investor is?
I'm also tickled by seaton, the most recent disciple to the fold. His comments that let the BOD get on with their job, and in the last post he says that he thinks the Moroccan Govt is calling the shots. In business circles seaton that means that The Failure has lost credibility. And I will re-iterate , the prime motive of a CEO is to maximise SH value. Can anyone tell me how this will be achieved with the current plan? Expectations now have been drastically reduced, Even SG is now talking at least50p for LE. When he gets down to at least 10P, he will have all bases covered.The Failure has already admitted defeat by abandoning his ' fully funded 3 well drill programme'. The way to maximise SH value is to raise funds and drill, inc. SM. If this takes 12-18 months, so be it, We may still be here in 12-18 months with the present plan, while The Failure gives us more BS disguised as ' marketing The Company', and drawing his inflated salary. Time to go and get a real OnG person in charge to take us forward.
Thinking the same Ding. Need to get out of this trap. But if no interest do we have other options other than throwing in a last dice/drill? Assuming onhym allows 4 that.
Agree Dingdangdo. Anything that drags this on any longer is bad news. I think if that was the case SH would want to know what the offers were (if any).
I am still confident that there will be offers and that SOU will be obliged to take one, I think the MG are calling the tune atm.
GLA
The worst possible RNS for me would be.... that after completing the marketing process they’ve decided to drill further prospects in the absence of an acceptable offer.
They’d probably dress it up that they’re trying to maximise the return for shareholders. But really to me that would mean there wasn’t sufficient interest when trying to sell the assets, so have no other option.
Sorry dont waste instead of waist
What would be the worst possible news in the next rns and why? Non genuine investor please respect yourself, dont waist ur time and dont reply here. Tnx for all .