Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I would add that they need to show a net increase in cash balances delivered by receipts from manica profit share and a reduction in corporate overheads which need to be c50% lower to be representative of current mcap.
I think it would be better if their focus is to turn the red negative profits into good positive profits in annual reports, not just stating a load of bull trying to placate shareholders.
Looking at the website this evening, it felt significant that the stated objective is to “Restore Shareholder Value”. Tacit acknowledgement of what many have lost - at least on paper. About time for OSV to get on message.
The GLR website has also been updated.
In the previous podcasts, CB mentioned they were targeting advanced mid sized deposits. Then he went and bought the NW Foreland blue sky licenses !.
Interesting, the company have tweaked its business model and strategy on the website, maybe now reflecting its ‘ability’ to set its targets for acquisition higher, the result of the increased revenue from Fairbride you would think.
There is an ‘apparent’ difference in scale of the projects they seem to be now targeting.
Shifting from-
The company is examining a number of exciting opportunities in the ‘small’ copper and gold sector- June 22
The Company's aim is to identify ‘small’ deposits of 1-5 years production capability at a rate of about 50,000 tonnes per year. June ‘22
To now-
The company is focussed on identifying reasonably advanced resource projects, set in good mining jurisdictions and with economic projections suggestive of potential rates of return in excess of 25%. The vision remains for ‘medium’ sized projects, with the potential for rapid up-scaling and longer-term prospectivity and growth.-From current website.
No idea when the website see an update, could have been a while now. No mention of small scale anymore, such as ponsing around with the likes of Chongwe et al
AA were never the most likely buyer re Bushranger so that news doesnt change anything.
Well actually that's not true, it might change something.
It could be argued that by AA reducing capex, it increases the chances of them letting us out of the AA clause and they get some agreed cut of any deal we do with another major??
I'm not suggesting that will be soon, but the AA clause may be more likely to be removed now if AA have zero intention of spending any capex on Bushranger.
They may aswell try and monetise what value will be there (at a higher POC) by letting us out of the clause and sell to another - with AA making some money from that deal (in some way).
Wishful thinking 🤔. The Grinch will steal our presents once again and spirit then away in sunny Dubai.
Could be a Christmas bounce coming along with tidings and good will to all.
What are you banging on about...
CB get your finger out!!
J🫦z
Am no STUCK UP lady
not sure wot I've done but think likes of OSV NG NTM plus ELLA
not talking to me No more❓
cr💙
Come on then OSV, help a lady out !
Re post 0959hrs 5/12 by OSV
"Serious investors don't seem to have that misunderstanding"
Really!!!
Doesn't sound like it to me
Oh KILL
was gonna include a bit called
SUM OF PARTS
now if that naughtygord can get off HIGH horse and talk to me then I will do my post
I think your going to have a little wait on getting your answer. Said person has to ask a question to get the answer for your question!
PMSL
Gord
cru here
Have promised Jez to do an INTERSELECTUAL post on intrinsic value XTR
need to pick your brains on some gaps in knowledge.
You around?
Just having hike along river with a face like thunder
Then
I'll spill
CruELLA !
There you go.
Now,
SPILL !
Jezzoo. But OSV hasn't actually defined what a serious old school investor is yet. Hoping he might do. I'm fascinated
OSV. Judging by your number of posts, I assume you haven't been in XTR for long so possibly won't, unlike most longer (serious) investors, now be 75/70% down due to shocking overpromising, under-delivery and, frankly, ramping by CB.
The contestant on today's Deal or no Deal had a similar mindset and walked away with 10p
which one are using today
my **** ?
Spell me name rite you A*se
And I will
Go on then Crueller tell him !
Sir SOIL
you asked
Where is the value being created?
Got me hand UP . I know the answer ⁉️
Yes please enlighten us OSV.