Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
….so that they can assess the quality of emeralds and sort them into batches (I guess) for sale.
There will undoubtedly be higher and lower grade emeralds IMO.
According to URA website historic grades are 30g/t however security was an issue suggesting that some emeralds went missing?
Also it mentioned that there were 400 sorters at its peak so I would hazard a guess that there will be low grade and potentially medium/high grade so, much the same as diamonds. The key will be how much high/medium grade there is and if any big emeralds are found.
GLA
One other note is that the RNS in Feb stated that the last proceeds are expected to take the company to first revenue. I assume that means based on the current set up only.
I think they will need to raise at some point however the amount etc will depend on what they can achieve using the current set up, how they intend to expand operations, to what extent and what timescales involved.
4p would be excellent before end of April.
I am hoping for an RNS in a couple of weeks with an update on production starting. 3p is now in sight.
GLA.
10p would be nice however, I would like to see it get to and hold 4.5-5p mark and then move up from there.
Hoping for an update beginning of April.
Duster
Have a look at the images on the news feed (if you have not already) titled ‘Operational Update’. This shows the stockpiles on the site to be processed.
The Half yearly RNS stated a mineral resource of 29 million carats with the expectation of increasing this ( see numbers in RNS). Have a read - it is all there.
Agreed but I think everyone is waiting for news on drilling.
The RNS issued in December 2023 said that drilling will take 2-3 months so the earliest I would be expecting news will be around mid-late February 2024 but it may not be until March 2024.
GLA
Two cents. Thanks.
I think it is fair to say that many investors/shareholders have been incredibly patient in the grand scheme of things but there is simply nothing happening or reported to be happening of late. Yes we have had some updates but all the SP has done is dwindle ever lower.
The market wants to see progress being made IMO and we are simply not being told . Surely the JV with Harmony must be in discussion or not? Is it the case that nothing has happened since all this Witwatersrand project was acquired? I believe not but we need updates from the company (good or bad) and not just given the silent treatment. All IMO.
MarkLong
The best people to answer your question in the fairest way would be the directors of the company. They run the company after all and have first hand knowledge.
Have you put the question to them as to why the share price has fallen much?
FWIW I do not know why and I guess that not a lot of other individuals do either.
If a share is ‘out of favour’ so to speak then chances are that some people will exit and if there is insufficient trades to ‘balance the books’ then the SP is likely to move (In either direction dependant on the pattern) or at least stay stagnant - it all depends on the MM’s. At least IMO anyway.
There has to be a market for everything and market forces determine prices - whatever the commodity. It is all part of supply and demand economics.