Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have voted NO with my 63436 shares. That will definitely swing it ;)
The presentation was OK but a lot of answering questions with 'my focus is...' rather than answering specifics. Guess you have to do that when you have just joined.
Two interesting points-
Craig very clearly said that they are looking to sell Lemur. Haven't heard that explicitly before but think we kind of new it has to happen.
Regarding Belco, he mentioned they will be sending initial electrolyte samples to around 10 suppliers within a month or 2 and then if any are interested they then send 5000-10000litres (paid for) for them to properly test, after which they may place orders. So will be towards end Q4 before we have an idea of demand for products.
Craig also acknowledged communication needs to get better so hopefully we see more & clearer information
I recently flew on Ethiopian Airlines and there is a marketing video to encourage investment in Ethiopia they show you when you board. Quite well done I thought and does look like there is some huge opportunities for growth there and the government are really trying to sell it as a place to invest. It gave me some confidence that the Ethiopian government will push this through, especially as its been mentioned TK could become the (or one of the) biggest value exports for the country.
Interesting webinar/presentation and worth a listen. Lots to take in, but some of the key take aways for me were:
- We have a globally Li significant resource (and still lots of exploration potential in surrounding area)
- They are looking to end up producing Li outputs at a NEGATIVE AISC (Figure shown around -US$400), due to having tin and lithium combined circuits
- Anthony mentioned there has been lots of interest from outside parties about the Li resource and offers to get involved...sure we will hear more about that in the future
- Mentioned they are considering rebranding the company to ensure Company is recognised for the Lithium element
- I think Anthony finished off to say something around 'we are currently winning the race to be the first lithium producer listed in London'....
Exciting times!
Dvh unfortunately CVM has said he will buy back in so unfortunately probably not the last of him! Surprising how I'll informed some people who post are. There is a BRR interview down recently with Harry where he is asked a number of different times about financing and he repeats that it's happening. Might not happen today or tomorrow but what's a few days when you are getting a complex £300m finance package agreed with multiple parties. Spend 15mins watching start of interview and you will get the jist of it..
Sudden circa 10% drops on AIM are often a bit concerning, and I only hope if it is a 'that which we cannot say beginning with P' then we get a chance to join in and doesn't just go to the bolly swingers.
After seeing presentation last night there is huge opportunity here but I think the ramp up and phase 2 funding etc need clarification before we see major rerate for shares to fair value.
Anthony did mention we have potential to have one of the biggest tin AND lithium mines in the world...not to mention the cherries on the cake of tantalum etc
Bit random but there is an offer on Primary bid for the IPO of a new investment fund called Buffetology that will 'focus on investing in smaller companies with market cap of between £50m-£500'... I wonder if anyone knows a good company for them to invest in? ;)
Could be for various reasons:
1- Institutions knew the company would be coming cap in hand at some point and maybe put pressure to get raising in before update so they could get in cheaper.
2- AV owed someone a favour
3- Potentially would have been unable to comment on future outputs etc this year if funding wasn't in hand to achieve, which would have spooked investors and maybe dropped price below 2.10p
Who knows. It's frustrating but he seemed a little sheepish in the interview and made it clear that company now in a good position to achieve the stated outputs and good revenues during the rest of this year.
I just hope he uses Primary bid next time so us PI's can get an opportunity to get in. He owes us one now!!
Just watched the latest Crux interview with Fortune. Lots of topics discussed. Interesting to hear him speak about his frustration at the way the company is doing everything right in terms of setting realistic targets and meeting them but the market doesn't seem to get it. Mirrors a lot of feeling on here!
Another point he made was that a lot of institutions are interested in BMN, but don't want to buy on secondary market- basically want to get in on a capital raise (bit cheeky really!), but Fortune says he is not interested in raising money just to get institutions on board (and doesn't actually need to) and is aware of the loss of trust with retail investors if he does that. Not often you see companies on AIM turning down funding! Another reason why this is imo a great investment.
He talked about looking at options to encourage institutions to get on board and avoided answering the question about delisting on AIM- a main market listing perhaps....
Apologies if I have misunderstood something here, but the BMN RNS on 1st April announced that we had converted shares in Invinity at 1.65p- Is that correct or has there been some form of consolidation to change BMNs holding price?
Great to see us getting a mention. Slight error on page though- says KEFI is investing in Kenya! Let's not embarrass ourselves by not knowing one African country from another...
There you have it . RNS out- Schroeder's down to 11.99%
Palladium has been flying recently. Perhaps if company changed name to Jubilee Palladium it would give the share price a launch skywards!!
First ever post on here as a long and strong holder! Have a relatively small holding just under 200k but was lucky to get in at an average of around 2p back in 2016. Have kept the faith through the ups and downs thanks to all the top quality posters. Keep it up all, this story has a long way to go!