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Agreed Veteran.
I actually believe China will eventually invade Taiwan. It would make sense for China to secure their material needs with some contingency to mitigate unforeseen events (eg coups in West Africa, etc)
Jiving's article about the Chinese dragging their feet on paying their way in their with Rio at Simandou is also very interesting. I'm wondering if the Chinese might enjoy royally shafting Rio and take their cash to Zanaga. China would still have a strong interest in Simandou even without the Rio JV.
I think this could make sense but, as ever, is based on some conjecture.
"When will China invade Taiwan? The answer lies in West Africa"
Interesting geopolitical analysis from Tim Worstall. The jist...
- If China invades taiwan it will face sanctions from 'the west'
- Australia will cease iron ore exports to China
- China will need iron ore from friendlier sources
- Brazil and others have insufficient iron ore production to meet China demand
- Simandou is touted as the source
- Worstall mocks the March 2025 Simandou production date
- China will not invade Taiwan without securing iron ore supply
- No mention of Zanaga
https://www.telegraph.co.uk/news/2023/09/18/china-invasion-taiwan-iron-ore-west-africa-guinea/
This valuation is absurd IMO. The titanium intercepts from the 21 RC drills earlier this year should justify this valuation on their own. If SB's interpretations of the airborne surveys are anywhere near correct then then I can see a 2x re-rate after the diamond drills. I feel like I'm being conservative in this estimate.
99icecream
You wrote "...after all the key employees will keep getting more options on the stock regardless."
Where did you see this? According to the RNS earlier this year, the vested immediately.
https://www.lse.co.uk/rns/EEE/grant-of-options-mn4ngh0t1y4lydl.html
"The Share Options will vest immediately and will expire on 22 March 2028. The exercise price of the options will be as follows:"
Please share your info. Thanks
The management and employees already have a generous stock option programme in place consisting of around 10% of the float. This has been RNS'd...
https://www.lse.co.uk/rns/EEE/grant-of-options-mn4ngh0t1y4lydl.html
With this quantity of options it is unlikely that management will need/want to buy shares on the open market. Having said this they did take part in the recent placing...
https://www.lse.co.uk/rns/EEE/placing-to-raise-163125m-to-accelerate-exploration-b2igza7u39dntgx.html
It's quite clear to me that the interests of management are well-aligned with those of shareholders like us - i.e. they benefit greatly froma high share price
All this info is quite clear in the RNS's. People should take the time to read them IMO.
I would agree with TW that the Saudi interests have more potential than T-K. The Saudi assets looks to be more valuable and the Saudis seem to be increasingly open for business.
We still have Harry Adams at the helm however and that's why I won't commit a lot of my hard-earned here.