Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Morning
Our best month for production was January 2022 just under 61000 bls
If memory serves the best one day we production was 2750 bls
Once the chokes our off the upgraded system surely we should blow these highs out of the water.
If the ggs is commissioned in July the we should see some effect in the July numbers and AM May pass sone comment in August.
Initially I’m hoping for 3000 bpd.
From August we should be into positive cash flow and in control of our own destiny
One of Arthur’s traits it would appear is that is he says everything is looking very good then, an investor should perhaps run for the hills.
On the flip side if he says the opposite then it may be the time to pile
Atb
So possibly our cornerstone investor needed cash.
The sale would have given them around £880k
Crucial time for copl as it needs to cover its costs and complete the ggs.
If copl needs further funding and our cornerstone investor has a funding issue who are we going to get the cash from?
When our cornerstone investor is selling when we are meant to be on the cusp of a substantial increase in production, it, imo can not be a good sign.
This investor is meant to say to the world I will stand by copl 100%.
What are we meant to think when even they are selling.
“Internal risk purposes” what BS is this
Tiburn
When I read the last rna about production I thought that a line has been drawn and at last production is moving in the right direction.
Then the market reacts as it has which then makes me think is this Information that Art has put out there to try and give support to the sp but there is something else going on which the seller is aware of.
So from the rna there could be an assumption that June’s production will be better than May.
Unless another rna is released before the end of June we won’t know if this is the case.
I really hope that Arthur is not leading us up the garden path and the June’s figures will show another increase.
It’s a very poor situation when a shareholder can’t trust what the ceo says.
Wwa
Thanks
Like a lot of things with Copl it looks great on paper.
Unfortunately Arthur and Ryan appear to be living in a paper world.
By all means if the company can afford it pay yourself loads. But as we know you should cut your cloth to suit your income and expenditure.
Let’s just hope they don’t get the asset revalued
Rant over, sometimes you need to offload.
Perm next season was always nailed on lol.
The thought of Arthur and Ryan sitting down to discuss their pay increases and then I presume justifying to themselves why they should receive the increases makes me want to be sick.
What on earth would they say to each other.
If they think that their salaries are justified then produce a statement giving details of why they are justified.
Hi Cran
Nice one emailing Cathy.
She is generally very good at replying.
I suspect she will paint a rosey picture which imo will not be worth the screen it has been typed on.
She is definitely not to be relied upon
It will be interesting to hear what she says
Atb
Is this the start of decent increases
April and May numbers included down time.
If 1500 is around break even we could be within touching distance if it.
Also the rna cleared up my concern about the supply of equipment for the ggs. WE HAVE IT.
Great start to the week.
Surely we have seen the end of 4p
Atb
Morning
Seems like the may be 3 lines of thought about AM
For
Neutral
Against.
Over the years I have now changed my view to against for the following reasons.
I can not trust anything he says
When Copl are scrapping around for cash he thinks it is acceptable to award himself and his entourage obscene pay increases
I appreciate the efforts by SAS and the feedback they have given on this BB. When AM says something is imminent I think we know that his definition of imminent is different to what you may expect.
I feel that he is giving lip service to SAS.
I hope I am wrong and that we get a big announcement on 30 May
If nothing else the vote counts will be interesting.
ATB