Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I had a brief dialogue with the company.
Things are going pretty well, South African coal prices are high and there’s demand from Europe too. (Note. Russia supplies 30% of European coal market, China has already stopped buying Russian coal);
Uitkomst now currently going great guns;
Financing: expect to be completed in the next month or two;
Company want to concentrate on financing not over boardroom issue;
M+G holding is now bite-sized so someone might take it off their hands;
Sensoi taking stake is meaningful since they acquired a number of mines off Exxaro, they are ready to go and very experienced;
They are trying to push forward as demand there and prices are good;
There will be demand for products even if China not involved in MMSEZ;
The 2 guys they want to bring in are big names
Bernie Pryor was responsible for the 1 for 20 split, so should go on that basis. What does he do anyway?
Sam Randazzo is just the guy who was asked to pick up the reins whilst waiting for a new CEO. Apparently have someone lined up if this deal goes through.
Need something to get us over the line and these 2 must see the potential if being touted for roles here.
More hope. Lets not shatter the dream.
they wouldn't be investing if Makhado wasn't going to happen. Hopefully the start of some more positive news.
Numbers yesterday were ok in my opinion, coal prices very positive for future profits of company
Don’t know if anyone listened to the AGM a few weeks ago.
I climbed off my covid sick bed so didn’t make notes this year. Highlight was Bernie Pryor stating they are the closest they’ve been to getting this over the line. Expect to get this done in 2022 Q1. I know, we’re all heard this before but he was particularly animated.
2 parties interested, one of which have someone very good in charge who would take over running company if that deal goes through. Randazzo doing good job but he’s in Perth;
Positive on coal prices in SA.
One of the analysts questioned whether we lose one of the listings, and company suggested probably right to do so and will happen but made a case for each one.