Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Think that's twice folio has filtered me, wish they would make their mind up lol
I was simply replying to Swampy regarding the company was in fact set up as an underground mining with the heap leach as a secondary. Therefore half the operation.
The variable grades for underground made it unviable, therefore all the 2022 presentations (2koz per month) come into question.
So far the production, just doesn't add up and I believe it's the main contributing factor of not getting substantial funding here.
Looking forward to seeing the results.
Swampy, I was referring to the underground operation, looks non existent now. Just open pit and heap leach.
The holding company's gazette was on companies house, they only had a week or so to rectify before being struck off.
A creditor is a creditor however small.
The old talk down to buy in cheap chestnut again lol
Suspended for several moths and weak production will influence the SP far more than anything said or discussed here, it's about time people got off their high horses and smelled the coffee.
We shall see, I'm also a holder here and for the record I do not wish the company to go under but I don't rate the CEO at all and now he has recently put a mortgage on Kilimapesa with half of the operation shut down for the foreseeable, what happens if the plant has a serious fault and they default? The holding company was also nearly struck off, I think RM is a liability.
BTW I'm delighted that JC has filtered me, he can't see anything I write so he can't be offended or feel discredited by anything I say.
At least he's stopped making up avatars to comment back though lol
Hodgey,
I contacted the FCA months ago and they got back to me quickly to say whilst the company is in breach of listing compliance the prospectus will not be authorised and at the same time RM was giving interviews (apparently) saying it's nearly there.
You now look flapping as you also know the future here is still on a knife edge IMO
Lol the point scoring squabbling over the financials below are upto December 2022 and we're currently waiting for June 2023 to be published and they won't even contain the period of the plant shut down...
They will show a net loss though.
LOL looking forward to the results . Then the market will see what RM has been hiding!
I suspect everyone knows it was technically insolvent but we'll see what happens when it comes on the market.
Until then continue flapping with loads of posts :)
Yeah agree, I'm not selling, I'd reduced my holding last year and took the loss. I'm now comfortable with the amount invested here. If it does well I can invest more.
Delighted to see an update and it took some coaxing out but we got there.
RM wasted the equivalent of $3m to $5m expanding into Tanzania and became extremely close to bringing down the whole company.
They'll be no return of investment there for around 5 years.
He needs to step aside and get someone in who knows what they're doing. IMO
Using today's gold price and last year's AISC, they've produced around $457k operating profit from beginning of February.
But it says 'recommencement of production' so there maybe no previous production figures or very little.
Classic lol , you just have to know what buttons to press to get an update.
Everyone knew the prospectus wouldn't come whilst they were in breach of compliance.
Much better than a news reporter representing the company but not as good as a Q3 & Q4 update.