Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Can agree with your view, his stock interview makes me cringe
That’s the crux of the matter. A competent ceo recognizes the need for communication, not just when he has good news or bad news but also when something has happened which has spooked the market and investors. I agree that he is unlikely to and I will never invest in a company that he is the ceo of in the future as his performance when it comes to communication and I suspect management (given the problems we have had that has required new management of the plant), has been awful
Dreamy
I agree that we need to hear from MM, but I don’t think we will until he has something good to tell us, and I don’t think we are at that point yet, so I’m not holding my breath.
Well, you have a point, but I couldn’t care less if he ever does an interview again. Certainly not his stock interview.
Tungsten and tin on lorries will fix this. Nothing more or less. I think they have huge potential over the next few years, but for now, just shake, rattle and roll that metal into bags.
Never said he was lying, and a speculated that it may be that the money was needed because they came in and saw what a balls up the EPC contractor, that MM instructed, had made or the people managing the plant screwed up. Whichever way it is, we need to hear from the ceo, if he just hides behind cut and paste RNSs and pathetic proactive interviews it leads to where we are. He needs to man up and have a real interview where he is challenged as to where we are and what he has planned and make damn sure he delivers or else resign as ceo and just be a shareholder.
GIT, there always at least two reasons for doing something - a good reason and the real reason..
I can’t imagine that it takes a bigly proportion of a £50 note to progress Regua in the 40c heat of a global pandemic. Sounds good, but meh. Not buying it. Fixing stuff and keeping the lights on, I can buy. That takes cash.
Dreamy
It is of course possible that black rock wanted their interest in cash either for May or for this month when as I previously pointed out it is due again, and if that’s the case then he had no choice but to draw down on the atlas facility, however, it is also entirely possible that the money is for exactly what he says in the RNS, I.e. to sort out the kit at la parilla and to push forward with getting Regua up and running, with its higher grade of ore.
I think it’s more likely that what he said in the RNS is true, lying in an RNS is a serious matter and as one of our resident moaners keeps saying, MM is very careful with his words in his RNS’s.
As I said before time will tell, I’m sitting on a 73% paper loss, but I still believe that WRES will come good, the jorc is not likely to have been wrong, so it’s the Blimmin kit that’s the issue and they have and continue to, work on sorting it out.
We have been told we are producing properly (forgot the dumbass cricketing analogy he used). Literally 2 weeks ago we got a million new loans and now we need all this extra money. It could be that Blackrock weren’t satisfied with the documentation they required to roll over the loan. Otherwise how bad is our production of tungsten that Even with the bonus of the extra tin at enhanced prices, we need an extra million in July, where everything was supposed to have been fixed and another half mill in August.
For communication, MM is an exercise in stupidity!