Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Come on BoD the summer is almost upon us, so you now have a max. 3 months to deliver on your promises....
More dilution for what is becoming a money pit of delays and missed promises....
Results are due out next Thursday so will be interesting to see what progress it has made on debt reduction & whether revenue has grown or remained flat.
I think at 22p and an MC of £375m it is worth a punt
Agreed it is not looking good, expect some news tomorrow
Copper nicely now above 10,000 as we clear last years hedge and look to agree a new one....
If this drop had occurred yesterday I would have agreed but not against a backdrop of the markets today
The drop today is presumably due to the lack of news on the end of Q1 promised delivery and the expectation now rightly or wrongly of more delays.....
Come on BOD give us a positive update
I would however be encouraged if MH took a larger equity holding, currently if I am viewing the data correctly he only holds 600,000 shares worth c £3k. A much larger holding would help show his confidence in the business
From the RNS: "Mr Yates was appointed as a director of W4B Bristol Limited on 27 April 2009. Liquidators were appointed to W4B Bristol Limited on 17 March 2015 and that company was dissolved on 12 April 2016. Unsecured creditors were paid a first and final dividend totalling £30,350, equating to 19.96 pence per GBP on unsecured claims of £152,048."
Closely followed by my early retirement......
22p with a spike of 29p
All looks a bit worrying, also concerned that drop does not reflect wider market. Appreciate that the share may have more exposure to recent Covid concerns than some but wondering what else is driving this drop.
With the superb opportunity highlighted in the RNS and the early closing of the PrimaryBid offer I think that there will be quite a few investors who missed the 11p offer and will be prepared to pay a few pence more to get onboard.
14p is my forecast
Any views on tomorrows opening SP?
Agreed you do need to add the gold & silver on top, my calcs are I think conservative.
I have also added on the dip today.
Based on the financial reports cost to produce tonne of copper is $3.01 x 2240 = $6742
Excluding the hedge agreement the current market price is $9,450 per tonne therefore profit per tonne is $2,708
If we achieve a reasonable target of 800 saleable tonnes pm then (800*12*$2,708) = annual profit $26m
Mcap at a conservative 10 x profit would be $260m it is currently c $70m
This assumes that the production cost per tonne includes overheads e.g. admin costs, if it is doesn't would need to reduce the profit by a couple of $m pa, but in short these numbers suggest there is opportunity for SP growth. Obviously still with risk around commodity prices / production outputs / management.
Any ideas on the welcome SP increase this morning, possibly linked to the results next week?
A flurry of trades and some sharp SP movements, does anyone have a view on drivers? I can't see any news that is behind this sudden activity.
A good increase (c 5%) on relatively low volume , is there some good news leaking ahead of the results......
I agree with sentiment that this share has potential and I am holding with an expectation of it rising in the near term as the management team continue to deliver transformation. I must however say that the constant reference to a H1 2021 profit of $0.4m is I think incorrect, this is before admin. costs, H1 had an operating loss of $1.5m and the loss before tax was $1.3m.