Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I expect lots of odd share price movements prior to news (remove those stops everyone)
For those interested:
"My contact’s nephew is an engineer working for Explotec, he heard from his bosses that FCC and Expotec won the contract to extract material from La India and take it to Calibre’s facility (either el Limon or la Libertad). But he does not know when they will start. Is this a contract in principle? Probably it is.
Yesterday Sunday small trucks own by FCC (small tonnage, say 8 tones ) passed in front of my contact address at Santa Cruz de La India, we don’t know what FCC has been doing in CNR’s land. The guys working for FCC are from Guatemala. I believe this FCC is the second largest construction group listed in Spain, I know they are active in Nicaragua.
So we know FCC is now involved and active in La India. Very exciting.
During the weekend there was a meeting with the co-operative leaders and associates. They want to sell.
Still CNR needs to announce what land we would be offering.
Will the toll mining contract be hold till CNR and the cooperative agree on the land exchange? I don’t know, but it could be the case.
Lots or activity, even on Sundays
looking good.
gla"
Mark's window of opportunity for good news at a time in December that will be market relevant is rapidly narrowing. I can't see him wanting to announce anything significant after the 15th December.
Mark's window of opportunity for good news at a time in December that will be market relevant is rapidly narrowing. I can't see him wanting to announce anything significant after the 15th December.
That was a delayed trade from earlier today, whilst it was below mid price I’d lay money on it being a buy at the time.
The tick down was just a small end of day uncrossing trade, not a big deal I don’t think.
Never bad news to close on a high, most of todays trading will have been buys, irrespective of the notional buy/sell markers.
I can see a gap up being a strong possibility provided enough people get the message. I do think for most AIM followers we've fallen off their radar because of all the false dawns though.
This time really is different !!!
"According to two of my contacts, Isabel Rivera has sold her land.
So in next MC's presentation we should hear something about it, now we need to buy the cooperative's land, the last one.
Gla"
Only the coop to go if this is correct
Whilst I’m not inclined to think what book5 predicted about this week was anything more than a guess, I do believe he is extremely well informed and speaks to locals, so he could quite easily stumble across market moving information on the ground using his own research, this is not illegal. If he finds it out from insiders, that’s another matter entirely.
As ever we seem to miss the peak for an appropriate RNS :-(
https://www.theassay.com/articles/the-value-of-gold-miners-in-todays-market-conditions/
Be under no illusions, Mark is in this for Mark. Whilst he is partially aligned with us and has got skin in the game, he can also enjoy the rewards of being CEO and being able to award himself (within reason), warrants and options. So whilst I do feel on balance he's been pretty fair, he is looking after himself first.
Don't take this as a negative comment, it's not intended that way, just facing facts!
ISA, in all honesty I have nothing to add to the debate.
Mark has has said in the most recent presentations exactly what he's said privately, so I'd say we are all up to speed.
In terms of my own speculation, I do think (and hope) we will end up with a s/h plant at a huge discount to new and people need to factor this in to their value calculations. I also still feel that a toll deal is still a strong possibility, although as time passes I become a little less confident that a deal can be struck on the mechanics and financial split of the revenue generated.
Time will of course tell.
We don't have any serious gold funds investing yet because we remain highly speculative. I think that may change once we either start to produce some revenue via toll and/or we own all the land and start construction progress with our own mill. Shareholders at the moment are speculators, many funds are significantly more risk averse with their clients money and have strict criteria.
"Tester
News very hot are:
- rns toll mining, if what the explotex engineers were told is true, at any moment we have an announcement and they and their machines move in, to bring material to El Limon. I know it is strange the mentioned El Limon, but this is what I was told.
-land cooperative, more meetings should come really soon, what I hear is that cnr can't be stopped.
-land belonging to Isabel Urritia, last news from weeks back was that she agreed to sell land in the near future, company is not longer visiting her. I will ask for an update, but even close family may don't know....
Cnr is super bullish, so I am.
I hope both:
sp keeps moving up (probably by leaks to insiders friends) .....
- directors dont buy shares.
Gla"
It doesn't but if it was true it could also be about grade, who knows.
Iota seems to be heading pretty much straight at LA India, how awful for the people that live there, I do not envy them one bit, they are poor enough, this can't make life any easier. If I choose to take a dispassionate view, you would think that these sorts of natural disasters may help focus their minds as surely a job with a salary and a profitable foreign gold mining operation taking all the risks would be a safer bet.
Luckily for us at present, we don't have any significant infrastructure to be damaged, that may have been a different story if we'd been fully operational.
Not with HL, no quotes for anything above 5000 shares, didn't try a lower number.
There now seems to be some question over whether it is this specific individual from SRK, matters not, we know they are on site though.