Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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for now we can at least relax a bit.
Don't get too relaxed...news will be sooner than anyone thinks.....I'd definitely watch them shorts, shorters. Cant wait to watch and enjoy them getting seriously burnt!
Yes true - found. anyway who cares.
Lets hope the path takes each one of us where he/she needs to go. In my case 19p …..
Come on Chris!
Not so sure " stumbled" on a path is the correct description so I would suggest we are a good bit further along given that "a number of parties are actively engaged in due diligence "
I agree - we are not out of the woods yet.
We've just stumbled on a path and found a map, we don't know where the path takes us or whether the map is right.
But a path and a map feels a lot less scary than nothing.
Fair enough koh
It's been a bloody long time since I've been able to tick one of yours up !
ffc
A little bit over a month to Xmas. I wouldn't expect much from the Company over the next few weeks / this year.
"The Company is seeking to have the Initial Scope funded from the proceeds of either the strategic investor process or through a structured debt financing package, either of which may incorporate the issue of new equity or an equity-like component to the financing package"
The above can be a subject to wide range of interpretations in the meantime, you take your pick. You can comfort yourself it looks like there is no immediate risk of administration and there are some options on the table. That's definitely a solid upgrade in comparison to a recent uncertainty / fear driven period. How serious are those talks? How advanced? What do they expect in return? We really have no clue. "Exploring pathways" is not equivalent to finding one. "Various parties engaged and assessing information" and "undertaking due diligence related to the capital requirements" is not equivalent to commitment to provision and certainly not a guarantee of a deal that would be favourable for LTHs.
The market reaction has been proportional to the actual news so far. Funds / partner(s) haven't been secured yet, there are "processes underway with the aim of securing" both, strategic partner(s) and financial investor(s). What will really determine the price is the answer to the question: how much it will all cost us?
Definitely not the time to celebrate yet, we all remember what's happened in September. The next big RNS will be absolutely crucial, for now we can at least relax a bit.
KOH