Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Offered 2.9p for 500K of shares!!!! Another 1.5p and I am at breakeven!. Lets not get too excited - 3p is peanuts for this firm with the potential it has. Nothing priced in for Baitimir yet, atrocious PR and lack of confidence in BOD priced in. If this changes 3p, 4p, 5p and 6p will all look cheap.
I think they are withholding info. I see this as a potential multibagger from here - I need it to break even though. Look at the Halyk finance note recently published and ref to Baitimir - they have obviously seen a draft of the initial results. Also if they are bullish and are owed money unlikely they would call in debts so see the finance issue being resolved. Bought a few at 2p but tempted by a few more now - get in quick as this will be back to 3.5p by Spring when it really could take off. Must be on radar of a few large miners BP
That is certainly the party line. Lets hope so! Nice to see newsletter but was never going to be negative. Need to be reassured regarding debts before getting too excited
See WTI released results of BFS. Why did the FML management not tell them they do not need one!!!!!!!!!!! About time FML BOD looked around at CAML and WTI - FML have as good/if not better prospects and the only difference being having amateurs for BOD. The hiring of any experienced CEO is a must now - incorrect dates in RNS's, over stated targets, lack of PR must now stop. How many times can we be told "have patience it will come good" BP
Very boring now - with the director buy yesterday difficult to see what market pleasing info will be released in next few months. Something reassuring investors regarding the finances and debt is needed - don't expect we will get it though. Tempted to buy a little more BP
Time to buy everyone. This is not going much lower - risk/reward on this points to "fill your boots" time Copper is great - 99% and Redkite love it/Ambrian love it. No chance of debt default. If you don't like it get out - happy to pick these up now and lower BP
3 days I think
I just added another 118K at 2.39p. I am concerned it is not ticking up(given the amount of buys) and hope that a large delayed sell does not come through.
You may be right. Can't help feeling attracted to this share - just added 100K at 2.38. As mentioned still worry about unanswered questions DimmerGinger - I have been long here for 5 years. I have a few shares short of 3 million. Interested to understand what in my posting history suggests ignoring me. Apologies if I am not always ramping etc etc. This share has tested my patience over the years and however pro-FML I am they have a number of questions to answer. The BOD have behaved pretty poorly. If you only want to see "boom boom boom" messages then put me on ignore
Well they do not want shares so doubt they are walking it down as they would be buying(only in small chunks). The 500K I am also wondering whether it was a sell given the price movement before and after Struggling to see what is going to keep this up in the short term until they become more trustworthy - too many things do not stack up e.g BFS, delay in expansion to 10K, p*ss poor production todate, expected delay in Baitimir resource study, lack of ii interest. Sorry - I have a bunch of these(av double todays SP). I cannot bring myself to sell as maybe I am wrong and I wuill be gutted but expect you will beableto pick some up for 2p or below shortly BP
Interested in understanding why you are so sure they could not go broke? Not trying to be negative but just curious - I am a holder and have not sold but interested in your observation
Your post make sense but just reinforces tow things for me 1. They need to confirm whether 18 tonnes per day has been achieved - with teething issues there would have been breaks and unfortunately breaks normally means days rather than minutes 2. Only good being a producer if it is economical. Better to leave money in bank if it does not make financial sense. They need to share the economics ie. the cost of the operation
I think your estimate of 1000 is probably about right. I was hoping for 2000 after the procative but the lack of info/radio silence suggests more teething problems. I am hoping that the BOD are not the ones driving the SP down for a delist. Costs are obviously way above previous estimates. Expected at start but not sure why BOD do not tell us Becomingpoor(very rapidly)
What are they hiding? No reason at all to keep us in dark about current production - been 6 weeks since proactive. PR is non existent and do not reply to mails. With market sentiment falling, copper prices falling I would guess there will be a buying opportunity at 2.8p again - so unnecessary if the PR was better but may as wait till then before buying now
Looks that way - pleased I am in this over the weekend. That sudden burst of volume bodes well for next week - I would not buy a million shares without being confident it is going north. Roll on next week!!
Still more sells today including the after hours 200K. Waiting for new lows before adding. The silence from the BOD is very worrying and does not promote confidence.
All positive last night - yes Erlan did not hang around. Maybe he was meeting fund maangers???? I have no doubt they have a lot of positive news that they have not yet shared. I have been negative in the past but after last night(I actually went to view another company) have bought in this morning. I think this will trend up through the winter - increasing capacity on top of already 18 tons per day. Baetimir updates, Benkala sulphide updates. No brainer!
Crazy share price although can see it going lower until next weekls presentation. I expect an RNS, probably the morning of the 12th so they can release info that evening. Plainly clear that Erlan is arrogant and not worried about the PI's. He has a good business and we should all be sharing in the suucess - no mean feat getting this into production. Unfortunately his lack of experience in managing a listed company is clearly showing. Also need some PR - we are paying money for pretty shocking performance from the PR companies. About time George got his cheque book out and bought some more - he has a very small shareholding and it would underpin the SP if he bought a few million now. Fully loaded here - wish I was not and not sure I could sell my holding(except by gradually drip feeding) even if I wanted to. Erlan should remember that PI's will remember this - when he looks for support on his next venture(where there maybe a bigger free float) he will struggle. Rant over - pull one out of the bag Erlan!!!!!!!
Not too late to get in now. Can't believe I am still buying at these silly prices. Read TBG's post/Psyclops post on iii - I think 5p is just the start and believe that a TO will take place either later this year or early 2013. So much more value to add - particularly Baitimir which is not priced in and is on the radar on some large interested parties. BP