Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
......I said that if patel's didn't take SHG private now....they won't be able to afford to do it in the future:-
HUI/Gold.....0.09 region was reached in early 2016, a sharp miner reversal ensued to begin the mean reversion in gold stocks which saw many juniors move up 3x-5x within 6-months.
In 6 months time they may have to be offering 60p per share?????????
I think not a decade.......will peak more like Q3 2028 MasksNewNorm (post reset currency)...but agreed it could surge back from around 2034 Q3 to also q3 2036! .....and perhaps on up to 2045....perhaps £10k per troy ounce in today's equivalent.......
........my research is as good as the next guy's......lol! I'll be 84yrs. old then or dead.....and will be happy to pass the problem onto the next lifetime holder!!!
GLA
£GBP is roughly 0.4% weaker against the $US which accounts for most of the £GBP gold valuation rise today...but nearly through our 100 year+ high v fiat....currently£1,823......... .lol!
GLA
SparkyA1,
I guess most are buying for the "virtually guaranteed" return of 14.85 minus say 14.416 = 0.434p which is a 3% return in a month equivalent of 36% APR...or if it takes 2 months 18% APR ...even at 4 months still 9% APR.
But some may see it as a win win....so apart from the above.....if the bid doesn't get approval and complete...with the way the goldprice has appreciated etc. the SP may mildly rocket......!!!
100% echo your views, booboouberbear......and it's always worth remembering who the founders were (patel's here of course)...and the risk of Private or worse...and I've had a few companies totally stolen with £nought/null/nil/zero back!
I know why they did it....they had to move now to take SHG private.....because they couldn't have afforded it in the future! Full Stop.........Karma????hope so!
Best of luck to you.....nice to have shared views here from time to time!
GLA and especially you Noel......meet you all somewhere else perhaps!
You can but try ThePublican777 and IMO well done for the effort!
I was invested in HZM for many years and called it and exited before the storm....my thoughts were the size of the ££debt.....the same with HUM (and I highlighted that to you when you first looked at it from SHG as an alternative (the money at HUM just disappears)...and POLY...and SOLG....and GGP.
The only thing AIM is good for is the odd momentum play...you can't stay at the party long! Sadly it is addictive and I have still got 15% odd of my net worth in 56 different Shares (mostly in AIM).
Certainly well shagged at SHG.....but I can understand it from the Patel's point of view too (I'll post there next).
As for here at HZM the SP gets to a point where you've lost so much on paper...it's just not worth selling and the clutching of straws is all that is left.....it is worth trying to trade a bit to make up the losses but any gain of course is just at the expense of someone else's loss....sadly I think there is less chance of peaks here than troughs from now.....so probably not worth trading.
But it is up to each to make their choice......that e.g.1% to 2%? chance of success here could come good or you can take your remaining capital however small and start again elsewhere! There is still hope I've been in two spectacular less that 10p shares that have peaked above £15 and the GGP less than 1p to 38p (again called that one and valued it at 6 to 7p when at 29p and got banned from LSE).......sadly my problem is taking profits much too soon.
It hasn't been easy of late with 50% odd AIM indices down in the last 3 years or so and miners also....but I'm not giving up...ever.........but only with my 15% or so!
GLA
p.s. But my other 85% is well spread between cash, collectibles, property etc. the 15% is a gamble for me......reminds me of Eagles Hotel California "check out anytime but never leave" Sure the 15% is just like VAT...lol
It's all about risk/reward ........each to choose....everyone different!
StanleyUK...that certainly makes sense...you could have sure joined the dots better than I! That would be a great scenario!
Just a post I did on ADVN just now..replying to a "non-self informed " who thinks the BOD is just raising for their own salaries...and buying equipment as a ruse....lol! :-
"It's really quite simple/easy....the tortoise won the race! FULL STOP.
.....by processing all cu/au/ag at once (although starting later)....and causing frustration with retail investors..(because these R.I.s choose to not "DYOR" properly to get a handle on the strategy and why apparent slipped timescales etc.) makes great sense!
.....more money/revenue will come in sooner than individual steps....and your SP should/will reflect this....when the market properly understands!
IMO if you have any further "thoughts" and "concerns" reread this post repeatedly and/or contact the BOD...even read ALL previous RNSs....and get up to speed!
...don't be surprised if your reaction leads to uncontrolled purchase of PXC....but try not to buy OTT....lol!"
GLA
Yv00,
as per last RNS 2 weeks ago,
possibly waiting for the equipment (ball mills) to be finalised in purchase to do the final PFS tweek......I'm guessing this month is what Paul could mean in post 10625 on ADVN...
....I'm sure there are other unknowns to me to be included also????
It will land in due course as it always does.....evennnnnntually...lol
£60k out of £1,275k......no real biggy........just give the subscriber a time limit to cancellation of the allocation and move on......let's not be making this a distraction or worse still a reason to delay of the main event!
Laura Davey50 & Earl (traders know me a bit I think!) on Thursday I read the news......I 99% trust PeterLevine (he made me good money in IEC (ex Soviet assests) I trust Peter( he will do his best against all odds) and I also follow the money ....took a small long position on Thursday last @ 7.7p......wish I had more funds but pretty fully invested elsewhere!
I am happy to hold and it wouldn't surprise me if PL were not to buy my 7.7p shares for a £1 or more some sunny day!
GLA
P.S. as I said yesterday:-
"I'd love us to get there now and put all this behind us to move fwd. to greater things at depth and wider area etc."
The BOD's goal/vision is a £billion pound market cap. We are £16mmarket cap today (I think fair value today should be more £30m) but even with a further 100% dilution the £1bn would still be around 30 x bagger from today!
We can but dream the vision into existence....lol
happy easter Weekend!
Very pleased to hear that, InTooDeep999.....it is easy to lose confidence from time to time.....especially with so many false dawns.....the times I've loaded up feeling we are nearly there and then almost immediately trimmed back to preserve capital/dry powder...when the delivery hasn't happened........a lot of buying seems to occur when RNS is in the pipeline...IMO..lol and if I'm right....then I could also be right in adding a caveat...(but the content appears always unknown...lol)......It is a shame that some have opted out totally......and mainly on the basis of what we were discussing here yesterday and recently:-
1. so many times many including RightOn saw 20p as the trenches defence line.
2. the BOD always seem to find a way...when it's necessary (I think they're more in control than would appear....always!)
3. There is little risk (10% imo) on the SP medium term and obviously a much higher opportunity of a re-rate as previously discussed (90% imo) at some point. just when???
4. we have been hassled with missed timescales so many times and perhaps this will continue.....but I keep seeing 13 weeks in my head and those warrants extended for 13 weeks now on top of the PFS 13week expectation as discussed yesterday.......who knows? hope so! lol.
I've been investing and trading here for more than 6 years.....and owe it to RightOn's posts and podcasts to have kept me invested (to an extent...the whole time).....I was with OXUS of course, so knew some of the BOD and certainly did not blame them....so yes Phoenix arising out of OXS ashes???
I'd love us to get there now and put all this behind us to move fwd. to greater things at depth and wider area etc.
I hope Plutus1 is still on board and that Trek and BilkosBuddy return to invest here, when they feel the time is right.
Good luck ITD and GLA!
And you were only ever the messenger Stan.......two years ago.......(now Shares in Issue 149.07m
Market Capitalisation £16.03m) then your post Stan.....:-
"RE: No surprise to see 6 Mar 2021 09:36
This is a post from Richard Wilkins (CFO) in the Telegram group. Shared with his permission.
Dear All. Apologies if this is a bit long. I know you are surprised at the size of the funding. So were we. We set out to do £10m (pre Open Offer), we were offered £16.45m. A great vote of confidence. Everyone advised us to take it. We expect this to be the last equity raise before production. It might be the last ever.
We are seriously upgrading our share register. We have a number of excellent institutional funds coming on board who will be long term investors. We’ve been chasing some of them for years. But we were too small. Not any more.
To the extent that debt financiers require equity for the construction financing, we’ve now got it, if we need it.
We’ve got plenty for exploration. This summer we will be drilling Red Star, Navarre Creek and the underground sulphides. Fantastic news flow I hope.
This takes the Company beyond a critical mass market cap once the new shares are issued. Upwards of $50m. This opens the door for new investors, particularly in the US.
We consider all of this very positive. Finance to support the construction debt, for exploration, and to up our marketing game.
We always said our target was to be cash generative with approx 100m shares in issue. I think we’ve achieved that. Maybe it’s 115m. So what. It’s better than 200, or 300, or more, like so many other companies.
By the way the £2m debt is repayable in November. Right now it’s working hard on site to keep things going whilst we wait for this finance.
You are all offered the finance on the same terms. We stood our ground and insisted on this. If you want to participate in the Open Offer, just be on the register at COB tonight (the Record Date).
Finally, do you think the BOD would deliberately act to destroy our own value? Far from it. We believe today will significantly enhance our value, once the dust has settled, and the market takes on board where we now stand.
There will plenty of analysts publishing new price targets in the near future, hopefully starting next week. Watch this space."
I'm still watching the "space" ...lol!
It,s got to turn soon Stan? Surely? ATB
Perhaps the PFS being released within the next 13 weeks? unlocks the finance? wishful thinking? all evidence suggests the time scales will slip? or not? ......it all has to turn around eventually! is this happening within 13 weeks? I have never been so in Limbo for so long as here in PXC.....still got my Core Stan....no additions nor subtractions.......just waiting..lol!
SP Angel note seems to highlight the difference between a JORC Exploration target v JORC Maiden MRE:-
"Conclusion: Today’s Development Plan provides a path for Empire to progress and derisk the Pitfield titanite project following the its discovery within a large, sedimentary titanium mineralised system.
Drilling set to be completed in June will open the door to a JORC Exploration Target supported by 51,000m of RC and 4,000m of diamond core drilling. Note, no cut-off grade is applied to JORC Exploration Targets.
Management has reiterated their target of a 2025 delivery of the demonstration plant, which is intended to further derisk the project by proving a route to commercial production of the titanite, likely through low temperature acid leaching.
This will be followed by a JORC maiden MRE ‘Mineral Resource Estimate’ when the team are able to justify a suitable cut-off grade as required for the estimation of the JORC MRE.
We look forward to further updates as the Company, recently bolstered by an expert titanium metallurgical team, progresses the asset with metallurgical testwork.
*SP Angel acts as nomad and broker to Empire Metals"