Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for the link Timmit, but I’m not quite sure where your getting 15m shares owned in truspine from
RBK, just a quick question on the value of one of prims investments, truspine.
Originally prim invested £500k into truspine when they valued it at 15m market cap.
Truspine is now listed on the AQUIS Exchange a with an 8.4m market cap
How many shares do prim actually own in truspine?
I know you guy are talking about the fed raising rates, but I came across this today and thought I’d share
Crispin Odey, the hedge fund manager, has said that the Bank of England will “never” put up interest rates despite a warning that post-Covid inflation will soar to 10-year highs in the coming months.
Mr Odey said that because of the way the Bank of England had borrowed, raising interest rates would hit its own finances.
He said: “The heart of the story is that the Bank of England has issued deposits, essentially, in order to buy the long end of the bond market.
“So the Government has a very short duration book. Their borrowings are very, very linked - like the whole of the country - to interest rates. Which tells you they are never going to put up interest rates. [And] because they are never going to put up interest rates, they have to hope and hope that inflation is only temporary.”
I think the word “Government” in the last paragraph is supposed to say “Bank of England” instead. And I think “short duration” is supposed to say “long duration,” because they’ve bought a lot of bonds with many years to maturity.
If I’ve got it right, here’s what all of the above really means…
The central bank has bought a load of government bonds. If those bonds fall in value, the Bank of England’s assets would be worth less. It would make a loss, if it chose to recognise the market price of the assets it holds instead of pretending that they’re worth a lot.
The value of bonds depends largely on interest rates and inflation. But the central bank only has direct control of interest rates. Bond prices are the inverse of interest rates. In plain English, this means that if the Bank of England raises interest rates, the value of its bonds would fall. This would trigger the losses that I just mentioned.
This really is going down hill faster than a Jamaican Bob sleigh team.
I can not see any reason as to why we shouldn’t expect much more of the same before they reach full production, and even then I suspect rmm will still be along way from standing on its own two feet
The bod on more than one occasion have stated that they were not going to make the same mistakes as their predecessors, and yet here they are following the exact same path
When they start the buyback scheme, they will release each day have many share they bought, the highest price, lowest price, and average price they paid each day
I didn’t think they had started yet, as there has been no Rns’s
Heading…..
So your saying there is a big buyer.
Not many selling.
So we are heat for a dip?
I can’t help but laugh at the idea of owning electric vehicle.
There are so many parking restrictions in the area where I live, I would either need a diesel generator, or 2mile of extension lead in the boot to charge the thing each night.
I do think hydrogen is the way forward for vehicles.
But then again, i doubt we will be able to get anywhere on the roads due to the replacement of gas - hydrogen boilers.
Hydrogen requires a much bigger pipe.
We all know how much disruption it causes when utility services replace a gas main in your local area… and when replacing gas for gas they simply dig 2 small holes and push the new pipe up the old pipe…
When they replace gas for hydrogen, it will be open cut trenches all the way
@ noobnoob, Because Bp sp fell from the £5 to where it is now, not because of poo, but because of covid…
It’s clear as day in the charts
It’s not just the collapsed stope, the sp fell off a cliff long before any mention of that.
If Tim is so goodAt informing the market what’s going on, why did it take so long for them to inform us about the collapsed stope…
They way the management have performed so far this year hardly fill me with confidence
Don’t forget Qz glen is not a one trick pony, wouldn’t surprise me if glen bought a shed load of China’s surplus, only to sell it back to them at a highly inflated price at a later date
Just building some supports, or she will flip over like a pack of cards
Any increase in revenue is most likely going to be needed to be put straight back into the mine IMO
Even once they meet production targets, there will still lots of costly tasks that will need to be addressed in order to keep production running smoothly .
Bertie, just making a point that there is no such thing as non dilutive funding.... however it’s been dressed up
Production won’t be up until the end of the year mate. If you think funding will be non dilutive and we say get a loan, we would currently need placements to pay said loan or how would that get paid ? IMO I believe the bod haven’t even yet grasped the enormous tasks the face ahead.
As for hiring I would imagine staff, that’s hardly and achievement is it ?
I agree regulator, the way the bod have handled things the last couple of months, seem to have come across as quite amateur to say the least.
I’m guessing your not a smoker