Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Is said about this share, there's no doubt the last few weeks have seen a level of interest and, dare I say it, excitement, that we haven't seen for a very long time.
It's good to feel as if we're on the front foot again.
Eloro, no, it most certainly isn't. It was one mis-step in an otherwise excellent interview, in which he clearly outlined what he's hoping to achieve and how he's going about it. He's in a different league to his predecessors. He's confident, eloquent and clear-sighted. One c0ck-up doesn't change my opinion. Sorry.
Smick, I was simply using 50p as an example.
It's the first rule of corporate finance if you're selling a business - if at all possible never volunteer your price expectation at the outset.
Eish, let's hope so and he laid out a pretty convincing case of why there should be.
I think he was ill-advised to answer the question about an acceptable offer level. In fact, I can't see there's any upside to his answer.
If you were a buyer and you knew the CEO of the target company was prepared to accept something at that level, what would you do? You most certainly would start a negotiation at 50p, would you?
This was a mis-step in an otherwise really interesting interview.
One of the other interesting things was watching the number of thumbs-up indications rise. I've never seen so many for a Solg presentation. It must be all the new retail investors.
'84, yes, something is in the offing and given he talked so openly about short term funding, does that mean it's something else?
He was very clear that they're estimating it will take two years to get all of the permits. This is not news, in as much as it appeared a while back in one of the documents.
The question is will interested parties wait that long, or will they take the risk and make their move beforehand? Indeed, can we wait that long? Do we really want to go through the annual cycle of fundraising again, particularly as there's always a risk we won't be successful and every fund raise comes at a cost.