Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If this new potential area has the level of grades they have recently discovered, then the comparisons with nearby Neves Corvo mine which Ascendant made in that video could well be true.. “The results from these surveys have identified a 1.6 km IP anomaly coincident with the massive sulphide mineralization intersected by the drill program from the layered massive sulphides in the northwest (Massive Sulphide Zone) to the Stockwork Zone in the southeast.”
Yeah I get you, normal swings in price, good if you can play the MM game.. not for me.. but hopefully towards an upward slant now. :) Not dividend creating yet, but be patient man. Rome wasn't built in a day. I'm here for as close as I can get to this being an actual mine. Ascendant are a fully fledged mining co., with good revenue. They are not some "drill it and do a placing" AIM exploration outfit. Regards no one anticipating it.. well I beg to differ. We have all been blathering on here about us speaking to JV, and many of us have been topping up or entering around the last few month lows.. I even told you one guy of here went just below 3% and he is now over (see RNS).. yeah he has totally anticipated it and chucked his keys on the table ;-)
there’s every chance in the short term, and beyond over next few years. We will need some of the upcoming news to alert more people to research, and continued good markets .. but with not many shares in issue, another couple of sticky hands taking 3% and price jumps will get higher each time.
At the moment Zan, that is just a possible channel. It would have to have another low and high test to confirm. Until then, we’ve made a higher low and broken into a higher range. The monthly candles have been good to study. They look healthy just now and if we can hold up above 7p on any retraces then the trend could definitely have changed - retraces are inevitable, it wouldn’t be a market without them.
Imperial Metals keeps climbing.. up another 13% yesterday. : http://prntscr.com/m4dkeo
Ascendant was up 2 and half %, Artemis was down 3.5% after a few days creeping higher. Gold seems to be trying to find a trading range up near $1300. So if they topped up there, it's looking healthy. Once Ascendant produce their report, and maybe trigger next buy in payment, working capital is going to increasing a bit. That Nav will probably be reported in Q2.
Ascendant's December presentation.. I'd totally missed that the deal with MAFL and LS also means Ascendant pay the construction costs of all this, not only the drilling, when it comes to that stage. Yeah, cost can be recouped from future cash flow, but this project is zero risk to MAFL.. what a deal.
Page 36..
"The Company will fund all development and future construction costs and recoup Crestgate’s share of
investment through cash flow until repaid."
https://s21.q4cdn.com/765868678/files/doc_presentations/2018/12/Ascendant-Corporate-Presentation-Dec-2018.pdf
TV's CEO, Cormark, Wood: Zinc could climb to US$4,409/tonne Dr. Mark Cruise, CEO of Trevali Mining (TV) recently said that his optimism for zinc is based on continued drawdowns of global refined zinc inventories: “We are starting to approach inventory levels last seen in the 2006/2008 window when the zinc price propelled to over US$2 per pound [US$4,409 per tonne].” As of December, LME zinc stockpiles stood at 122,000 tonnes, down from 250,000 tonnes in July 2018, see the chart with LME inventories. Based on this pace of drawdown, we will run out of refined zinc inventories in April 2019. You can imagine what this will mean for the zinc price in 2019. See also what Cormark says about zinc: Stefan Ioannou said that at Cormark, a price prediction of US$1.35 a pound (US$2,976.2 a tonne) is the average for the next year going forward, a price he said is “somewhat conservative.” “We’re down into sort of a 120,000-tonne range on the LME right now. And quickly approaching 100,000 tonnes, and when you add up the visible supply that’s out there right now, we’re down to half a week of global consumption, which I think for argument’s sake is pretty critical already.” “[The] last time we saw zinc inventories on the LME below 100,000 tonnes, the zinc price spiked to US$2 a pound [US$4,409.24 a tonne]. I think just based on that supply concern, I think if we see any waning in the Trump trade war narrative and people start to take a closer look at what the visible inventories are telling them. we could see prices spike significantly next year,” he said. See also what Wood Mackenzie says. Wood Mackenzie’s Thomas was closer to Ioannou’s sentiments: “We forecast double-digit growth in Chinese smelter production in 2019. It’s important to understand that even if this is achieved, the metal market is still forecast to experience further declines in stocks and remain in deficit. As a consequence the price is projected to revisit, and potentially exceed, the highs seen in February [2018].” Read more at http://www.stockhouse.com/companies/bullboard/t.asnd#AhEfxXxiqUgUpkRe.99