Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So much going on here. Definitely don't have enough of them.
Interestingly on the roast chat on Sunday I think it was Charles who said the government grant was submitted in June last year and they take about a year to come through!!!
The market bull. On twitter
I believe Mark is doing another interview today.
No more details. Worth keeping an open for
Oliver tweets another company is to recive up to $1.8b to develop it project?
Is this what we can excpect?
Alot of speculation we may get $10m as Blencowe got.
But given how long this has been going on could any grant be a lot more
As i have said before its a high pressure system down there and we are going to drill into it again.
The flows could be well above what was originaly envisaged.
Short term this was an issue but long term it could be a huge bonus
He thinks its a great deal
This negotiation validates FCM's business model to acquire, value add and monetise its assets.
That's what the RNS says
They are looking to IPO the resource arm and at present it doesn't look like they have enough assets to do a decent IPO.
They need some good assets that have had some proving work done.
They will IPO on the basis that the FCM assets are drill ready and that's where the cash will go.
Definitely looks like what they are selling is at a profit.
Would not be surprised if the bits they sell is for more than the present MC
Good chance of somthing in the morning
They were burning through the cash at a fair rate £33m for the last year. I think they must have found it dificult to raise any more.
Looks like we run a tighter ship with a longer runnway and more chances of deals to fund the rest of the development