Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Useful info ASI but that info is from 2019. Check the latest prices and trends:
https://www.theglobaleconomy.com/compare-countries/
If you filter and put in Zimbabwe, you will see the current price. Since 2019 the price has more than doubled. The diamonds are potentially worth well in excess of 15 million dollars. Even after royalties, the debt is more than covered with extra money on top to fund current and other projects. Thanks for helping me get to this conclusion. If some of those rough diamonds are of high quality then it could be a lot more but let's see!
Look at the last 3 years, they went from 7 million cash 2021 to then 5.6 million in 2022 the 4 million and now 2 million! They are burning cash. In another 2 years there will be none left at the current trajectory. I hope things change but will need consistent results to restore confidence.
This is more probable
Look at the last 3 years, they went from 7 million cash 2021 to then 5.6 million in 2022 and now 4 million. They are burning cash. In another 3 years there will be none left at the current trajectory. I hope things change but will need consistent results to restore confidence. I'm avoiding for the time being.
Funds have been received! Just received a very positive email response:
Hi Amit
We made an announcement that the GM concluded, and the resolutions fully approved on the day of the meeting.
We’ve closed the deal, received funds days later and have begun working with our new partners.
Let us know if you have any other questions.
Thanks
Chris - Investor Relations Manager
This is great news that the IP sale has been completed and the funds received. Why haven't they announced this on an RNS?
Analyst at Berenberg Bank have a BUY rating and a 12 month price target of £3.80 Mr mm thinks it's only worth £1.40 The company bought Brookcourt Solutions in October 2018 for over £30m.They have spent over £60m on acquisitions ... yet Mr mm thinks the whole business is only worth only £33m including over £6m cash. It should at least be double ie £2.80.
The company is only worth £32.3m today ... yet they have spent £60m on acquisitions ... Geolong Secarma Brookcourt SecurEnvoy. Brookcourt Solutions alone cost £30.3m. The company has over £6.0m in cash and is forecast to increase its revenue .. profits and cash for the foreseeable future. It is also close to making earnings enhancing acquisition(s). The shares offer significant upside potential. DYOR.
Exactly mate, a no brainer 8 mill market cap and revenues will easily hit well over 20 mill per year. DYOR ;)
Only 50k left mate, minimal impact. Should hopefully be cleared before Q3 results.
Keep speculating mate. Haters gna always hate. Don't let your emotions get the better of you and stick to the following facts:
1. Production ramping up
2. 7 day 24/7 operating model fully implemented
3. Update on Regua likely next month which we know requires a small investment
4. Consistent delivery is only going to support a strong case for re-financing. We have relationship with Santander.
5. Currently revenues at 1-1.2mill and ramping up further with the new operating model. Again consistency and further ramp up will enable refinancing without the need of a placing.
All heading in the right direction. GLA
Boom!!! Told you we would get an update soon ;)
Expect an update on Regua next month as part of our plan to increase production to 2700t.
All the best WRES investors!!!
Why has my post on the email from WRES been removed?
Risk Reward is well in favour of rewards atm IMO. 8 mill market cap, how much lower can it go? Very unlikely to go much lower as we are producing and increasing quite rapidly. Regua news may come soon and some more solid production numbers. October results will show that we've had the best quarter in terms of production. 1000 tons by year end with a plan for 675t per quarter, achievable with 24/7 operations and Regua in play. Progress for sure. All the best everyone.
255 tons from me
GUG mate if you can't see our next quarter being better than our previous quarter and the best quarter since production starting then you've got something wrong with you. It's right in front of your eyes, you can't negate this.
Look at the Q1, Q2, Q3 and Q4 2020. What we did last month is more than double of any month last year. If we can double on current operating hours/shifts then we can double further towards T2 rate.
I'm sensing some good times ahead. Quarterly production is going to be up significantly from the previous quarter and will be the best quarter we've had, ever. That's progress, FACT.