Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Day traders must love the Telegram group. All big purchases being signalled in advance. Guns and fish in barrels springs to mind. Having said that, I'm delighted to see such a large group of well-heeled believers moving in, just what we needed. I just hope it just not a 'you know what'....don't think so.
I would imagine PP has a particularly good insight to the negotiations, behind the scenes dealings and probable progress for RBW. Great to see his material confidence. A good endorsement.
Agree ChemW. Good to hear George and the business have been playing with a straight bat (England cricket team take note) throughout and has seen no reason to compromise or vacillate. I was hoping for better news given the payment to Mr Pham but overall a solid and informative update which allays fears and points to the future
I think a lot of buys came from them. Are they a sophisticated P&D gang. Not sure. Hopefully not. They seem quite legit. The simple truth is no major bought in, this is a do or die drill and AEMP doesn’t make that much money (quote AP). If it comes off, brill. If it doesn’t, curtains. This is now a roll of the dice drill.
I won't argue with you because you obviously feel right about what you think and don't seem available to alternative views. All I would say is look at the SP. Simple rule of communication; If you don't tell people what's going on, they'll make it up for you and it probably won't be that great. You say GB communicated via RNS, but as Dartron nicely summarised, they didn't really say anything at all. As a stakeholder in the business that is not good enough. A lot can be said to allay concerns without going anywhere near revealing negotiation tactics or positions. Anyway, I've said my bit and will leave it there.
Precisely DT. You mirror my thoughts exactly. I am most concerned about the impact of poorly judged stakeholder non communication on the SP. When further finances will inevitably be required, this will cause unnecessary additional dilution. The CEO may possess engineering excellence, but he must also extend his remit to attend to the broader aspects of running a public limited company.
So are you suggesting shareholder communication has been done to a good standard DP? Please explain.
Abysmal shareholder communication. I do not appreciate being updated by the press rather than the company itself. This silence does nothing for confidence in the business and its handling of serious allegations from the Prime Minister of our host country. Whether a deal is being negotiated or not, this shows scant disregard for the people investing in your business GB.
Agree Goon. I think the days of riding the wave up till spud then taking profit and letting some ride are long since gone. Too many investors and insti's have learnt painful lessons and now wait for results to come in before jumping in. CHARs last drill at Rabat is clear evidence of this.
Usual service resumed. Loads of active, positive, inspirational communication prior to raise then utter silence after. Snake oil and smoke from the AP stable. They should have addressed one of the real problems which was a crap geo team. They didn’t and now we have to carry the cost. If Lixus was that good someone would have bought in. They didn’t, so get yourself a credible geo team and stop selling hope.
It will be hard for a Prime minister to back down after making such a strong accusation of thievery. It was always going to be tricky. But I agree, why has Pham received a payment when things don’t see to be sorted as yet. Hopefully though terms of agreement have been ratified and are now going through the fine detail, hence the lack of news.
LOL
It looks like an institution or two are building a position and as someone pointed out, this started just prior to PRD RNS. I wonder what they know that we don't, what might the trigger be? What do we feel is the most likely cause. I am assuming this is not related to AP purchasing the remainder of the unclaimed offer asa result of the low show for 6:1
Great to see some decent volume coming in and some regular chunky buys. Big fish hoovering up, always good to see that. I guess with PRD's drill now out of the way, we are next up on the podium. Whilst PRD was some distance away, are the sands and reservoirs they were targeting linked or contiguous in some way to ours? I can't remember. Someone did mention a link/or not, some time back, it evades me. Onwards and upwards.
Agree Dartron. Add the fact that the Prime minister has publicly declared on national TV that we are taking the country for a ride. That alone should have stimulated an immediate response. Your investors deserve a communication George.
I like most things about this share, but I'm surprised it's not moving faster ahead given we are in a market sweet-spot and most definitely swimming down stream. The longer Burundi radio silence continues, the more I'm concerned George has something unpleasant to tell us. He could easily update the market without damaging his negotiation position or revealing any sensitivities. The SP is reflecting this uncertainty. It's time for an update.
Good appraisal of the situation LW. I feel in the absence of any detail from the BoD you have to assume the obvious; no potential farminee /investor was sufficiently confident in the data, (I think someone was, hence the overconfident comms in Jan-March...or was that just marketing). Subsequently you have to recalibrate Anchois as a higher risk project. Char ran out of money and options, so to keep the business afloat they had to raise more cash. The rest is all talk and packaging until proven otherwise. Reliably Malcy turns up on the scene to bolster the new story and SHC is remarkably amenable towards the massive dilution, I’m afraid trust, integrity and confidence are in short supply to say the least. Well done in getting mostly out when you did. I wish I could say the same.
Not me. The board in my view are utterly untrustworthy. Their primary skill would seem to be making sow's ears look like silk purses, smug in the knowledge there will always be a queue for a potential ten-bagger. Their technical ability to detect hydrocarbons is woeful and have a record of repeated failure for every well they have spudded (and as for the independent verification of resources and resource upgrades...) They communicate vociferously when they are trying to sell something then disappear directly afterwards once they've got what they wanted. Last time we were told there were people falling over themselves trying to get in on the action; upstream, downstream, middle men, financiers etc....only to discover no-one wanted our tarted up Repsol hand-me-down, not a soul. Now we are told these geo-geniuses want to go it alone....on a well no-one else wants to touch, really! You couldn't make it up....actually that's not true, someone did.