Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://shantagold.com/investors/presentations/
Looks like a small delay in the drilling on all three projects, results across the board hopefully in Q4, but that's mining.
Very competent results from a very competent company and BoD, and interesting to see a strengthening of the NED side of the BoD.
It looks like the NLGM may have a delay in drilling the future proving? One for the Con Call later perhaps.
New / Existing CEO is key, the base is there and cash should now pile up.
SP looking very positive, let's hope for a positive update this week on Half Yearly Results and New (or Old CEO staying on).
No country who is shotgun happy with currency a d capital controls has much if any confidence in its currency, China is so clandestine on such matters, who really knows what kind of mess they are in.
Considering the interims are next week and the end of September is fast approaching, I'm guessing when the interim are released it will come with the new CEO or Eric Zurrin is staying on RNS.
I had been expecting the drilling news by no, also, which does suspect you to think there may be a lot going on here beneath the surface that has all to come out.
Https://www.ft.com/content/92950b78-1044-4be5-8c90-853cbedf5d31
"London has historically been the home for natural resource companies whose production is based in Africa owing to the timezone, but Marrone believes that the UK capital’s investors have become increasingly skittish about emerging market risk."
“Whereas in the past, Europe and London had a better focus on Africa and emerging markets in Asia and some parts of Europe, I think the American portfolio manager is now catching on to that. I think the landscape is changing,” he said."
It's also to do with how he / she would run the company IMHO.
The BoD want a continuity candidate IMHO, gradually adding value, keeping 100% ownership, same as Zurrin and Leslie before them, zero debt, absolute control, to me they want business as usual, not some squash buckling ceo who'll expand at a rate of knots with tons of debt.
Hard to know, could be any situation, Eric could be staying on longer to get the correct candidate in place, we could be getting sold for all we know, they may be keeping news back until the new CEO is announced, who really knows, it will all become clear.
In EU and UK.
But Futures in the rise...
The reckoning cometh, and soon.
This is nothing to do with the Micro, all to do with the Macro, as painful and as unwarranted as it is.
Debt is being dumped and liquidity being drained around the globe and a massive recession will follow.
Cash will be king, as it always has been.
There’s a lot of pain to come for markets!
Interesting for a newspaper to actually run that...
Bulletin Boards, you'd expect, but an actually newspaper?
All will become clear in time.
Https://www.ft.com/content/f7dd81b4-9d82-4856-bc91-f554487292d0
Yes, think that was me, their MCAP has actually been higher than ours at times this year.
A joint listing in Sydney or Toronto should be near the top of our new CEO'S list.
Https://www.telegraph.co.uk/business/2023/08/10/uk-stocks-record-discount-fuels-fears-of-exodus-to-wall-str/
London has a problem, and AIM is not popular, there's a genuine liquidity problem with London listed stocks. If we were in Sydney or Toronto, we'd be multiples of where we are on par with Aussie and Canadian listed Stocks.
Https://www.google.com/amp/s/www.marketwatch.com/amp/story/u-s-budget-deficit-hits-1-6-trillion-in-first-10-months-of-fiscal-year-19357a10
Comparing the US GDP and their Budget Deficit at this point with the other Western Economies, it's clear the only reason the US is nor in a stagflationary environment (see UK GDP numbers this more for example in comparison) is due to the fact the World's Reserve Currency, the US Dollar can be leveraged to a point where the US Treasury can run an almost unbelievable Budget Deficit of 8% of GDP without causing a simultaneous run on their Debt Issuance and Currency.
If (when) that stops, the consequences will be graphic.
Tony @ 14:19.
We are approaching the event horizon of the US Federal Reserve black hole singularity of 'everything bubble'. Nothing makes a great deal of sense the closer you get and even gravity it seems can be suspended and replaced with something else so powerful, no one knows exactly what it is, just that one day it will consume us all.
The longer 'radio silence' goes on to me they'll promote from within, that seems to be the Shanta way and provides continuity with the shanta business ethos, possibly they've used the 6 months between EZ announcing he was leaving to actually leaving schooling up the COO announced back in February this year (Honest Mrema)?
If he's capable there is huge benefits to using a local (Tanzanian).
The US is running a Budget Deficit of 8%> to GDP (this US fiscal year I think it could be 10%> as tax receipts are collapsing), that is in order to get a GDP growth of 2% or so. The fact that markets are taking that as bullish and, in their stride, tells you something is desperately wrong.
No, there is no recession in theory, they have a nominal 2% growth rate, but that is at a real loss when you have a 4.7% core inflation rate (3%> headline), and the government is spending cash like a drug addict who just found a wallet on the pavement.
It’s a complete Ponzi Scheme at this point, they are funnelling huge amount of cash in at the bottom of the pyramid to keep the system afloat.
You may be able to pretend you’re in growth, but your tax receipts down 10%> year on year say otherwise.
Of course, it’s fine…right up until the point when it’s not.
No one cares less down here on AIM, regulatory compliance with TR1s are beyond a joke. As there is no punishment by regulators, it just routinely gets ignored.
There is also 4.7% of the company under 'custodian' with SIX in Switzerland, who the hell knows who that turns out to be.