Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Totally chilled and looking forward to hedge being cleared next month. There should be increased TPD being mined going forward and will be getting market rate unless a new hedge entered into. Any new hedge will be near to current market price, a substantial rise on last year's fixed price.
Currently no news is good from my point of view. May it continue for another month...
Not having a RNS this morning doesn't look good to me. I think if no news today then Atlas takes over assets at BP. Hopefully Atlas would not want to do this but to date Vast has been unable to pay back interest. What option does Atlas have if Vast unable to refinance???
Seriously! They release a positive drilling update approximately 2 weeks ago and Q4 results a few days later. Also provided update on when stope drilling going to commence.
Obviously a very quiet period for some!!!!
Atlas has no reason to be concerned. Their debt is secured against the assets at BP. Have been able to convert as required diluting existing shareholders as Vast unable to pay them to date. The bond was supposed to be temporary in my view as alternative finance was supposed to be arranged:
"The Bonds provide the required capital to enable the Company to bring its two core assets, Baita Plai in Romania and the Diamond Concession in Zimbabwe, into production. The agreed non conversion period, the early redemption and cash settlement options give us flexibility and enable us to limit dilution.
The Atlas facility will accelerate the start of production at Baita Plai while we continue to work on the establishment of a long term finance facility for Baita Plai and other assets in Romania, whether with the Swiss bank or otherwise"
After two years Vast has not been able to refinance so any deal will not be in the interest of shareholders at this late date. SP has declined significantly accordingly and reflects current dire position of BoD. Atlas currently holds the best hand and we are just waiting for the river card to see who wins. I'm hoping Atlas are able to pull out a fish to survive!
If Atlas take over BP they will already have the mining team in place who work there. They can then employ their own senior management team or sell on company if they don't want to run it. Supposedly the mine is about to make profit going forwaed with no changes so may just run it as it is and sell when it profitable to do so..
In view of share purchases in the past two days I think someone in the know is purchasing. Whether its a dilution or refinancing they believe there's money to be made at current SP.
Going to be an interesting few days/weeks.
Turnover likely to be in the region of £60m if production is broadly in line with estimates of production put forward last year year. Of course this is about to be updated this month so we will have a better understanding of figures going forward. Even if mining production figures are reduced following delays there is substantial profit to be made this year.
Even if we enter a bear market and there is drop in copper prices there is profit in view of constant supply of copper to mill due to new stopes. Unlikely in view of copper demand but can be factored in to take into account all scenerios.
There are substantial confirmed reserves in place so there is no need to worry about future production unless you buy into Aliens, disasters etc and my investment in shares is likely to be the least of my concerns unless its a localised incident. Of course these localised issues have been previously discussed.
At present Rambler looks to be mining the right metals at the right time and ramping up production going forward. Confirmed reserves have increased year on year. Everything is lining up and in my view but please do you own research and let me know if I have missed anything.
Good luck for 2022 in whichever shares you decide to invest.
Strummer Jones, I think you will be well rewarded here. I have no doubt when re-evaluating stock in late Autumn you will see benefit in extending your investment into 2023.
I think there will be compelling reasons such as Ore sorter, extension of Ming Mine in the future, and development of Little Deer. Let's see how it plays out.
Totally agree on rebuilding mine set for future. I expected company to be valued at £100m by now and closer to £150m as mkt is generally forward looking. I therefore expect company to be in excess of a £1+ in 12 months time. Of course if there is minimal change in outlook could be well in excess of this. Profits to be made and just showing this consistently will warrant the rerating.
One month delay compared to exploration companies which can be delayed for months and years getting permits. At Rambler we have already seen the benefits of 2021 turnaround and seen the mill efficiency levels being at world class levels. A one month set back considering 2021 backdrop and mine position at the start of the year is brilliant in my view. Not many companies could have achieved what Rambler have to date considering global pandemic and stope collapse earlier in year.
Hats of to management taking corrective measures and informing shareholders. Its been a two way process which management looked to have learnt from.
Exactly!
Just another buying opportunity for investors whilst traders running for the hills :P
Will be topping if opportunity presents itself.
Looks like you guys called it right with hedge cleared in January.
Slight set back in mining stopes in view of escape route but all in hand. Back to full mining in January so nothing major and good this was established before an incident occurred. Reason why I invested in safe mining jurisdiction with regulations in place.
Another increase in reserves which just gets better and better.
Hedge nearly cleared. Will be receiving market price which is substantially higher than hedge fixed price.
Will probably fix again for next year at a lot higher than the one about to expire. Looking good for 2022.
Finance in place!
Mining being ramped up and should soon be at full Mill capacity 1350 TPD.
In a secure area. Covid levels low with mitigation measures in place. Payment on delivery to warehouse.
To me it's a great time to invest.
BoD admitted SP reflects current uncertainty. In discussions with finance providers but nothing new there so just need to wait to see how it plays out.
If finance cannot be restructured expect Atlas to convert as they have done recently. Fingers crossed some finance company comes to the rescue.
Should hopefully change when TPD confirmed and additional stopes ready for mining for 2022. This will confirm a constant supply of ore for mill.
The best point about operations during pandemic is that 90% of price is paid on delivery to warehouse at Dock.
Area is pretty self contained and only recently had a real drive to vaccinations. Ready to go for 2022
There's plenty of differing views on the Discord. One of them being mine. I like a healthy debate and people questioning my reasoning for investing. We may not agree on price, BoD communications etc but at least there's reasoning behind everyone view point.
Your a lot braver than me with finance not agreed. I'm down significantly but hoping finance can be pulled off which would see a rerating of the SP. Of course this is provided they do not undertake another placing which they have a track record of under taking.