Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The funny thing is the MRE shouldn’t add too much to sp as has been discussed, pretty much everyone has an idea what’s down there!
It’s the DTM and FS that is the biggy!
All the best Thinners for your try :))
Good luck all Ben
Good Afternoon All
Greatest respect to all the forces!
Hi Bamps et all, Shaun said early doors that this was a Tier1 20moz mine and I suppose that is the reason why he was able to bring on board the big hitters!
Although recently he has reined in and now calls it world class!
A penny for his thoughts of how many oz’s he thinks there is down there now:))))
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Hi culpepper the funny thing is when Shaun was asked about a buyout for our 30% on HAV, he said the figure would have to be eye watering.
At that time I think our mcap was between £700-£800m now what is eye watering, for me 5 times that is, but for a realistic estimate 3 times, that’s £2-£2.5b.
At that time we was not in as a good position as we are now, with the banks already lined up to finance the 2mta mining plan and willing to up it if needed!
We have low outgoings compared to newmont’s in the HAV/Telfer agreement, so hopefully we can come to a good deal with newmont including royalties, because it will be hard to buy the 70% and pay for Telfer as well!
Other companies looking in would it be worthwhile for them?
Who knows!
But remember if they stonewall we can buy them out and if ours is the only offer!
Could be interesting!
All the best Ben
Hi Bamps
So the buyer over the last couple of weeks for 5% would have needed 250m shares, I can’t see he has done that, definitely not the 10% unless they already had a substantial holding!
Just my opinion!
But picking up 250m shares takes a lot!
Thankyou Bamps for sharing your information and thoughts, it all helps us in forming our own ideas and plans.
Here’s to a great Christmas and a very prosperous up and coming year!
All the best Ben
Thanks for that Bamps, I hope you are well and to your other question last week yes I still have that house in France:))
Just not the time to crack on with it! Lol
This company is starting to turn and it looks like the year ahead could be very exciting!
All the best Ben
For me this is could be the most likely scenario, we could end up out of the frying pan and into the fire!
I favour just keeping the 30% and going mining, until we can finance ourselves independently!
Just my opinion.
Thanks for that culpepper it’s as I thought but just wanted confirmation.
Good morning All
I hope you have all had a good week!
Volume down this week and no pressure on the 10p breakthrough, it seemed the week before the buyer didn’t want to go above 10p !
Has the buyer got the % he wants or is it the fact not many sellers below 10p ?
All will be revealed at some point.
A question for the more knowledgeable wyloo can purchase a new batch at 10p , is it when the price reaches 10p or can they purchase them now?
Also if the scenario arises and we have the opportunity to purchase HAV/ Telfer and have to go to our financial backer for the monies that would then give them the chance to be a massive owner of Ggp and probably bring them over the 30% threshold which in turn may give them the opportunity for a hostile takeover!
Is this something that could happen, am I reading this right?
Thanks in advance
Ben
Dare I say it ‘ could this be the charge back to ATH we have been waiting two years for’
Here’s to what happens next:))
Keep the faith!
Looking at the rise in the last month 58% you can see why there was seller’s, but interestingly enough the price has stayed up and there is still the buyer/buyers in the background.
Also news is going to flow from now until spring/summer and it’s hopefully leading in one direction.
Also from the looks of things the shorts haven’t closed that much and still have a few more to go,unless there’s a lag in the declaration’s!
But all looks good for next week and beyond!
Good luck all Ben
Spade’s isn’t that the singing fish?
There was a great scene in The Sopranos when Tony was hallucinating!
Maybe that’s what Daveri007 is doing 😊
Who me?
I have a feeling straight after a town hall meeting, we could well be walking over to the courthouse, the way you are carrying on !
That’s a bad call to make after a few drinks!
Lol
30m500k volume and 9.6p close !
Have a great weekend all
Cheers Ben
Looks like he doesn’t want to pay over 10p this week!
Maybe next week he will have to up it!
All the best
Ben
It’s moving:))))
Hi Ace as English as a cucumber sandwich 😊
Now let’s see what happens!
Could it be a rush, or a wet fart?
Hi Bamps
I hope you are well , I have been on a bit of a tour just of late.
I left the HB site’s they became unworkable many are leaving not many coming in!
Anyway this looks like it’s turning!
All the best Ben