Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
When it lands, it won’t even make the needle on the SP-ometer flicker. The history of SAV is a series of events on the near horizon that will each cause the SP to take off. But each time a milestone is met the SP is unmoved because the next event horizon is announced in the same RNS. When the EIA lands the RNS will detail something or other that’s going to cost money or delay things for a bit longer. Licenses, DFS, funding delays, approvals, extending mining area, negotiating an offtake, just need to build a refinery, blah blah blah. Jam tomorrow.
That looks a bit like a stake being built… What do you all think will happen next, if anything?
I agree, goolang. Nowt do with furlough, industry demand or delivery hassles. All down to gas prices - they must be crippling. Wonder if production can/will be cut back significantly. Either way, we’re going to take a hit on profits and SP unless Boris does something useful for once.
Great results. Crack on.
Say what you like, ATD, but I was the first to say that Oman would end up adding 0.0p to the SP and got ridiculed for it. I’m the one who’s repeatedly highlighted that Moz milestones are being missed by (literally) years, and for some reason gets deleted for it. At over 5.5p I recently said this would fall below 4p and got ridiculed for it. I’m happy to be the first to say that when the boss spends less than £9k on his own shares it’s nothing more than a loose-change-in-the-pocket rallying call to gullible small investors. It’s almost as desperate as the last Galp RNS - an insult to the intelligence of any reasonably smart investor. The last roll of the dice to keep you hanging on until the final, inevitable wipe out of your hopes has been sorted out. Optimism and hope for a multi/bagger doesn’t raise share prices! I might see you again sub-2p but only if the real, actual increases available on good-sized recovery stocks runs out of steam. The value that’s been added to my purchases in LLOY, LGEN and AV., for example, In the last 6 months are a joy to behold :)
I don’t think there’s any escaping the fact that even if/when lithium starts coming out of the ground, there’ll be no added value for holders here. Dilutions, borrowing and rights sales will be needed to feed many mouths. A sell-off of MOZ will be a repeat of Oman - nothing but wasted time, effort, money and patience. I’m holding nothing here any more apart from a small profit, regret that I believed the jam tomorrow story for so long, and hope for some future schadenfruede.
...to see that the worse things get for SAV, the more desperate the optimism is in some corners. Might have another sniff around here when it’s gone below 2p again, and will keep following. There are some very researchers on here.
‘DA seen an opportunity to drive up value’? That statement is nearly as desperate as the RNS, tbh.
Frankly I don’t even think my free ride shares are worth keeping any more. This has got a long way to fall yet.
Looking forward to the positive news being reflected in the SP today?
JL clearly isn’t a holder but is a campaigner against the mine. Fair enough. Not seeing any merit in engaging in a debate with him/her tbh. It only keeps them going.
You’ve got NFA (that’s shorthand for No Chance). The flag-waving in-house broker only set a target of 20p before the last dilution (which were told wasn’t needed) and before we just got softened up (again) for another.
Moz to leave the mothership? Remember what impact it had on the SP when Oman left the mothership? I’m pretty sure lithium will eventually (and profitably) come out of the ground at MDB, but it won’t make SAV multi bag.
These steady falls that periodically affect SAV generally have someone offloading shares in the background. Hard to fathom who that could be these days after so much dilution at higher levels. I correctly called the SP would go sub-4p again, which would be my re-entry point but I’m going to hold off a bit longer. The local campaign noise won’t achieve very much for all the reasons mentioned earlier. Maybe the fall is because of how long we need to wait for the next news that could actually lift the SP.
I suspect that some jam tomorrow updates from Moz are going to have to be wheeled out in the near future.
Time to worry about this will be if SAV issue an RNS blowing smoke about how Moz is suddenly about to take off, with promises of all kinds of promising developments that’ll make everyone rich ‘in the coming months’. Until they do that, one must assume that nothing of concern is incoming re: MDB. Sounds simple and cynical but I’ve been here (or hereabouts) for years - trust me.
Cash burn not nearly as bad as expected, huge amount of rent written off, proven pent up demand, fantastic investments coming on track, fully funded. Next 18 months will bring an almost continual rise. Happy days.
Feeling it for anyone who bought in yesterday on the back of the tip in the Sunday Telegraph.
This share. Looking forward to results day - got high hopes for even more recovery rebound here.
The article states that SP was over 400p pre-pandemic, when it was actually 600p. Makes no account of the extra debt (which tbf will be partly offset by some great efficiencies). Recovery from the pandemic permitting, there’s still plenty of upside here over the next couple of years but there’s two things to note: reading the tipsters in newspapers isn’t research and patience, as always, is needed. Looks good for those of us who bought close to the bottom, but anyone buying in at this price needs to accept there could be a lot of ups and downs for a while. Not a share I’d want to to be trading in and out of either, as it really would be guesswork as to whether any rises will fallback, or any falls would be quickly regained.
We’ll have to agree to disagree. When the strategic review is done (which, like everything else here, will take far longer than DA indicates it will) it’ll remove all value to SAV and add exactly zero pence to the SP. doesn’t matter how optimistic you are, how hopeful you are, how badly you want it, how much everyone else is making out of it - the fact is that DA won’t deliver. We’re backing a completely different company to the one we bought into while we’ve watched the BOD trundle along promising a rainbow over the hill, collecting their wages and earning none of them.
Moz will go exactly the same way as Oman. Need to be baking 0.00p into the SP for Moz. It’ll be calved off to someone else for a few bob on the promise that SAV will get a negligible royalty in many years time. Let it go. DA needs to go and be replaced by someone with more energy and less slippery language.
Don’t recall anything about PRA stopping dividends again. Nothing in today’s update. What’s happening? Sorry for the daft question- I bought in last year for the recovery play and haven’t paid much attention since then (other than to check in here occasionally with my popcorn to see some of the crazy arguments, lol)