Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ignore that, just re-read. Your opion is 100m-200m.
I hope so, but I won't be holding all my shares in the wait for that.
Sorry Bob, come back to ask....where Colin said 100m to 200m sale price. This wasn't discussed.
Private chat I assume?
G-600 DON'T HOLD BACK!!!
Tell him what you really think of him.................
We can look forward to 2nd qtr results within next couple of weeks.
He certainly looks to be looking at low cost entry projects in Zambia, probably 2 from my reckoning, saying should be gradual cost entry, within income.
Rainy season was mentioned, though it will not stop things suggestion was we could see as low as 300k in some months but generally 5-6M per year. Plus other income from satellite ops, already in process, Alluvials all but done.
There will be more drilling in Zambia, to define pit and plant requirements, agaim costs should be workable within income.
Back to BR, There was optomism that the pre sorting will be enough to make economics work, and of copper geys sustainably above 10K /Ton it will be extremely profitable, no further drilling required, patience required, I figure 100-200m target price for sale, by fact many are at 4-5p as an average, not blue sky, (>10×) which he seems to think will materialise, from Zambia.....
MB, i rest my case , illegible ! ;) ps , who is cisco ? google said whitefish !?
Me thinks maybe a raise during/after a BR sale which might be later this year and sooner than we expect. Just trying to be cheerful folks. What do you think Ma. Its not impossible is it.
My final conclusion from today, as I'm about to relax for the weekend.
BR, disappointing, but not dead. Its going to need a higher copper price. The new study will come back mid to end sep....(Colins timeline). I think it will be profitable at 4-4.5$LB. Who knows when it will be sold, but I got the impression, Colin was mentioning 24/25 for this copper rise, for that purpose. (I'll go back and check another day).
I'm not expecting a big sale price for BR. Maybe a few pence at most. Let's wait to see the NPV.
Manica will produce between $450k to $800k a month. A few different numbers were thrown around lol. Doesn't mater, non we end up in shareholders pockets. It's going on future pie in the sky, and the boards pockets.
He's looking at two multi bagger projects in Africa, that could be company makers.....they will likely raise for these.
So, I'll buy back in once the new projects been bought and the share price drops to the placing price. Hopefully we will drill, hit massive mineralization and this time I will sell the lot.....before the assays come back.
Learn from your mistakes!!
Littlewing, good for you, you have a plan ,that's exactly what i would do if i felt the same level of resentment that you do . Rather that than waste my time constantly regurgitating that negativity with the rest of the "grievance collectors" on here , i would do something constructive , life's to short . At the moment i don't feel like that, but rest assured if i ever do , i'll be right behind you ! .
Ohh yeah, and Colin brought up the rains at manica lol there coming soon lmao 🤣
LW why don't you post some details from the recording then? what was actually said, people who couldn't be there could make their own judgement on it.
Ma I was really impressed with the knowledge you have and the questions you asked today, I would not have put the lady there today with some of the comments you put on here you are more intelligent than that, (drugs don't work) hope you have a safe journey home 💙
The writing was on the wall with that OSV tool turning up telling me Colin and Co have little regard for shareholders.
MB, to be fair ,if you paid a bit of attention to what you do with your E's, your posts might be a bit more legible ! ;)
It's not sanity, it's the hope your looking to cling onto. I'm not going to continue to share my opinion as you all won't like it. I have the whole meeting recorded, so a can go back and clarify anything that is being mis heard or sprouted.
I won't/can't share it, but it's legal to record for personal use.
Thanks Captain Bob. Shame there is no Company presentation.
Naughtygordie... What am I going to do about it ? Well I feel the time has come when enough is enough and I will start selling down. It will have to be in manageable chunks obviously but I have had enough. Good luck with your holding and I mean that.
Captainbob... why did Colin feel BR was a disappointment ? What aspect was he particularly disappointed with ?
Thanks Bob for bringing a bit of sanity to the board with a summary of what was actually said. If anyone can add to that at all with what was actually spoken I for one would be grateful. Up to the individual to make their own mind up then. Spamming mindless ramping or anger and frustration either is just pointless.
hmm.... on train cannot believe the *******s being spouted here reading through it.
bushranger, a dissappointment, but very much active, will be mid sept for the new conceptual pit, we could drill 15k more meyers at cost 8m, tp prove up the 2mt, but no point. will go to aa some time but don't think they will want it, better if wwll under 2mt, for that, offered var scenarios, nb nb aa are already up for a royalty, regardless.
fairbride, 400-600k month income, basis $800-900 oz production cost, 3-4 years, guy at back was the guy on ground in africa, and it will be mid next year looking at the new plant design etc that will give access to working all the remaining 1 1 m oz at fairbride, will try funding half the 8m out of income 18 m down line, was gist i got
LW , lets assume for one minute that you are right , you have been right royally shafted, ripped off, burnt, conned, duped, mis-lead , taken for a right plonker, a lamb to the slaughter, one of life's victims, an easy touch that everyone saw coming a mile away !, The big question is what are YOU going to do about it ? .
No, new drilling in Africa. If we buy a new project. Colin sounded excited, so I assume he's already had a look at it. I think he'll try pumping the price first.
No, don't get the impression of more drilling at BR.
L250 - So they are talking about more drilling at BR?
MB, that E makes all the difference , one is me the other is a slang term for someone from sunderland/newcastle ! ;)
Maybe those sheetshows were practise runs for the new african "10 bagger" pups we are going to contribute yet more cash too.
Lucky why did you not question Colin in the meeting if you are not happy. I should image you have sold all your shares, good luck going forward