Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
One thing I will never do is slate Tony or ARS they have went flat out from the off to make sure they build the $1 billion co they said they would.
As for SP i bought in 3.6 & 4.2, now that was due to concerns re 19.9% given away for $3M. I am not so sure the markets shares our sentiment that ARS should be trading a lot higher.
I am sceptical to say the least re SP but set that scepticism off with Tony Manini's track record & past history.
I think updo raises one other valuable point in that AE might be verocious & this could damage the dream.
For now it's a waiting game. Next RNS re deal or no deal with signal intent of AE & if you have followed ARS from the beginning you'll be able to easily work out if this will damage/kill the dream or bring new life into that dream.
My account is exactly the same as ever other account on here.
Been invested in ARS 3 times sold twice for profits.
I remember updo from those times. So no not the same account or same person. Im in the UK, Updo is not.
I know nothing about Samur & the company Updo talks about pre ARS. Definitely not the same person.
Just two investirs who invested at the start of the journey know the company well & the timescales that we are able to chat about it.
I did not think Tony lacked enthusiasm he re iterated his commitment to what the company had done previously & how they are due diligenced out. He looked more tired & exhausted because he was covering all base points which has led us to receiving an offer for KSK. Probably a bit bored too as he was stuck in an isolation ward. As for AE we will find out very soon how verocious they are. Tony always said the real money is to be nade from production & given how the world gas went with covid & few opportunites out there it makes for an interesting negotiating stand point for Both ARS & AE. AE where else will you get the funding? ARS where else will you get an asset like this which is far advanced & on the gateway to china?
Actually bought in on Friday after watching Justin Waite on youtube purely because I liked the points he made regarding So4. Obviously I did my checks re BOD that box was ticked so happy to sit & hold. Might top up Monday if SP goes down a bit. Thanks for the links though people.
I think anyone watching ARS just now ultimately needs to make their own mind as to invest or not. As for fireworks, no I am not expecting any fireworks soon in terms of SP spiking, that's only my opinion & I may be wrong. Still need to see if a deal with AE can be reached, market will want to see what kind of deal is reached, then there's questions about where to build the mine / waste part of it. From memory S. Hughes said any place they thought would be a good place to put the waste part turned out to have resources. So I think the fireworks are on hold but if a deal with AE is reached & together we (yes royal we) can finance a mine build then my opinion its not if the fireworks go off its when.
I think you raise a valuable point in that no one really knows how to handle KSK yet. I remember S. Hughes on podcast mulling over the future construction of the mine & where to put things because they kept finding additional targets all over the place. I would say being spoilt for choice is a good thing. However remember if AE come on board as a JV partner they work with Mercuria already who have a coal mine in East Kalimatan & made $119 billion in 2019, so they might be able to tap into them for ideas. Then theres Trafigura who AE work with they own mines & deliver resources globally on client demands, again they might tap into them. Thats not including having the Expertise of Tony Manini who has done it before in Indonesia. However lets say AE get an agreement for full proposal of KSK ARS don't have to really worry about the unique nature of handling KSK any longer or at least to a lesser degree. We just have to wait on the next RNS, be paitent & decide from a personal perspective if we believe ARS will deliver what they said they would. My opinion so far they havent let people down still ticking all the boxes. My only concern longer term if a deal with AE can't be reached is cash & the need to then look for another JV partner.
I have decided to limit myself to 2 AIM listed stocks. I have one already & will make this my 2nd in the next few days. Just waiting to see what happens with SP as its up 11+% today.
I don't think the table has turned. When investing one must not have tunnel vision & I get that point you make updo, its great advice & one that must be considered. However Tony has always stated he wanted to get the company into production but that would require extensive work to entice the right JV partner. Extensive work on KSK ticked, over circa 4 years. If a deal can been reached with AE this ticks thie box of JV partner. Then it is building the mine & getting into production (costly), though some more drilling work needs done . The problem I think ARS have had is the markets have never reflected the true price of the company & it's assets through the LSE shareprice, mainly due to being so far away from generating cash & being in production. Also ARS keep discovering more & more target areas which time & time again seem to just add value & lead to the conclusion that KSK in one massive continuous zone, to have to keep drilling that & proving it up takes time & pushes timescales back but most importantly it adds to ARS value. It is nothing to do with the assets or who the BOD are that we sit around 4p today. If a JV can be agreed & we can secure the funding to build a mine if still sitting way below our SP value then this will massively re rate. Hopefully sooner but don't think so. Therefore i conclude the table has not turned its the additional finds ARS keep finding that need proving up have pushed timescales & things back it's been a long hard slog but a worthwhile one, then covid hit & that has had the same effect on every company worldwide. The fact ARS can still attract a teir 1 JV partner in the current climate (if a deal can be agreed) speaks volumes & Tony will have delivered yet again. One eye is on Beutong if Tony starts the same process their as with KSK in my opinion he is staying for the long haul & worth remembering current talks with AE are for KSK only.
Most folk bought into ARS because Tony Manini had a track record of building a billion dollar company before with oxiana making shareholders rich along the way. Remember many of those shareholders became millionaires & as such invested substantially into ARS from the get go & have held long term. If Tony where to go I don't think it would sit well with shareholders & that would be resembled in the share price when inevitably shareholders sell out. Tony has always stated 4 things. 1 quality of the assets. 2. Quality of the board 3 board has put their own money in 4 they want to be a mining production company Remember though Tony also has a posistion at carube copper so once ARS up & running & producing he may be able to let AE do the day to day running of any mine(s) where he keeps an eye every now & then & then does the same thing with Carube copper that he did with ARS closer to home. We just don't know but Stephen Hughes left for family reason ie closer to home for his children & we wished him all the best, terrific guy but he did say he would help out from time yo time if needed. Peter Bird actually can't remember why he left, think he didn't want to relocate to indonesia when ARS moved the head office. Anyway I think its imperative Tony stays & I hope he does
So I wasn't able to see today's webinar due to work commitments, although from adfvn I have seen comments stating Tony Manini states he expects a proposal from AE for a buyout of the KSK project in full or joint venture for the KSK project. Some comments state within 24 hours (whether the timeframe is true or not I can not say). What I would say i did a bit of digging on AE. They have many companies they work with, the first company Mercuria Energy Group, in 2019 Mercuria made $116 billion they deal in oil & other commodities. They also operate in East Kalimantan Indonesia (thermal coal mine). So they know the area, logistics & infrastructure something AE would be able to tap into this companies insight into the area. Another company AE work with Trafigura "We source, store, blend and deliver physical commodities reliably, efficiently and responsibly anywhere in the world. We add value to the global trade in natural resources with exceptional service and performance across the supply chain. We strengthen market links between producers and end-users and supply our customers with the commodities they require when and where they need them". That includes mining companies & they have been operating for a quarter of a century. Also from Trafigura website "We negotiate offtake agreements with oil producers refiners, mining companies & smelters. We own mines & invest in logistics that improve market access for our suppliers". It is very clear from these two companies alone that AE would be a great JV partner, they work with companies makine tens of billions a year to hundreds of billions a year. Therefore it is possible given what I have read that AE could have the means to operate KSK on their own with help of companies they currently work with or they could JV with ARS. I guess it just boils down to how deep AE pockets are & what their long term goal is. Well worth checking these companies out for yourself.
I have bought back in to ARS today after today's RNS. I must admit when ARS sold 19.9% of the company for $3M I was worried, that's alot of company for not a lot of money (especially given the assets ARS have). Seeing today's RNS that AE want to enter talks for partial or full aquisition of KSK provides some fear busting comfort to a level I am happy to hold again. My initial thought is given AE aquired 19.9% of the company for $3M the next RNS on whether AE have bought KSK in full or in Part will tell us two things.
1 (most important) Do they intend to buy ARS out longer term or at a later date or do they intend a long term mutually beneficial partnership for decades to come where both benefits from the assets in the ground.
2. How deep are AE pockets & what sort of major shareholder do we have. Not only this but how much are AE willing to put up in cash.
Once that RNS drops then we as shareholders should have a clearer picture of the road ahead.
Personally my preference is ARS & AE agree on a joint partnership for KSK that benefits both. I wouldn't sell KSK completely due to the fact parts like Baroi that used to have S. Hughes excited hasn't even been touched. Mr Hughes always did us proud & his eye was firmly on Baroi.
I'm not attacking this share I'm just saying why I think this was leaked. No other reason other than financial gain for someone or loss for another party as that may be. Journalists don't magic stories out of thin air they have sources and these sources have to be able to prove what they are claiming (well to a certain extent) All i'm saying is something fishy going on here and that I hope people make money from this nothing funny about that
1 - The leak was to drive the SP down as who wants him as their CEO given his reported chequered past thus allowing him to buy cheap. 2 - Has no intention of a take over holds a significant amount of money on here wants the SP up massively then sells. Has to be one of the two either way is that not market manipulation etc? Either way someone will get burned here and I'm hoping its not the PI'S!
again not invested here but good to see people making serious money on aim couldn't agree more. Also this has to be the spike of 2016 so far as it maintained it at COB with no retrace. will be hoping for something similar mid April with one of my current stock.
Got this on the watch list After share pickers podcast where it was explained that they would take out unsecured loans and with no real production any time soon I have decided to put this on my watch list. Great value at these levels but not without risk Fortune favours the brave in all but I am glad to see pi's starting to make money. When risk reduces or SP gets to a level where I'm not going to pay anymore for a buy in I will reconsider GLA
Was put on to this share by share pickers penny stock challenge Done some research initially I was put off after reading some of the RNS'S from last year specifically the one about delisting concentrating in Ethiopia which would save cash. The other RNS that put me off was cost of the facility to cash in bank. I then looked at other penny stocks and 88E where I'm invested specifically fundamentals and AAI appear to have better numbers than most on this front. Which has me re looking at the company with a view to investing. Any views on what to look out much appreciated GLA who are invested