Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This makes no sense, share price dropping everyday there's no news on the asset sale.
Forget blaming people for ramping or deramping we are all holding onto our "golden tickets" to make money but those in the know do not share our optimism. Why is it that when we are expecting a mega payout the market keeps the price down. Makes no sense unless there's a problem
It is all to evident by the low and barely changing SP that the market has some reservations over this share. Why do we think it is so low with all the evidence pointing to a mega deal. BOD has said that a sizeable dividend is in the offing yet the SP actually finished lower on that news. Any sensible answers or views please. No abuse or accusations of ramping or de ramping from the delusional a*** holes . It's akin to watching a tv series when all is revealed in the last episode, must be very close now
The RNS
The net proceeds of the placing are intended to be used primarily to finance the joint venture with Rosgeo ("Rosgeo JV"), as announced via RNS dated 26 March 2021. The Directors have decided to limit the financing to £14,126,289 to keep shareholder dilution to a minimum and to focus primarily on advancing certain Rosgeo JV projects to production via EPC and financing contracts with minimum equity injections.
The BOD are playing a blinder, a read between the lines RNS. My take is a full asset sale of everything other than Rosego . Along with the sale goes the 5 mil in the bank and we are then left with Rosego. Eurasia then becomes a fully funded company with $20mil in the bank to develop the Rosego JV. The big question is what is the asset sale worth, start at 10 billion and work upwards. Brilliant strategy, ducks in a row.
I for one would be a lot happier if the sp was nearer 80p on expectation of the full or partial sale price. The process and progress of the negotiations has not leaked an iota of information which I find unnerving. People keep quoting the increases in the raw materials as if this starts the negotiation procedure anew. No 7am RNS sees a drop 8n the sp daily and one day a week it turns blue to take it back to the 27p range. Very strange. Remember the MM's earn on the spread, the same percentage on 27p and 270p is a lot more for them so I do not think that they are holding the price down artificially.
With give or take 200 billion in the ground even if the BOD sell at a nominal 5% that's still 10 billion. Can't see them selling so low, so keep 10 as a base minimum. Lots of money to be made in the very near future. I think it will be part cash and shares in a JV with a major player
Our options full and complete sale of the company, JV with a n other, split company by mines/area's for JVs with various others. Go it alone after raising money through a new share issue as the money we have is not enough to go it alone. We have investors but if we used their money I would put this under the JV heading.
The mines are open cast and extraction costs are a lot cheaper than conventional mining
The experts, geologists etc. have put the value of the pmgs in the ground as worth billions and on par with the largest South African mining operation.
With all this proven WHY is the sp so low
MM'S earn their money on the spread, the higher the price the more they get. So blaming them for keeping the sp low is not sound commercial business for them.
We have something worth say 350p going for 27p why aren't the big boys pilling in.
What is it that is making those in the know very cautious. Why the new executive appointment, if we sell he becomes redundant and no use to the new owners unless we are going down the JV route.
What is it that we don't or can't see in this sale process. Every thing is solved by logic in one form or another. I can't fathom this out.
Major deposits, low cost extraction low sp. Makes no sense
I think early May and the sp at 280p
If the company is at the later stages of the FSP why would the BOD employ another senior executive who's position and knowledge of the Asian markets would not be needed . Surely the buyer would have their own experts suited to the direction they are taking the company forward. IMO this surely points to a JV with either a Chinese company or a Russian/Japanese venture. The length of time the sale is taking is leading me to the conclusion that the BOD maybe about to split the company/various mines into more realistic sale packages not the 10/15/20 billion full sale price which is out of reach for all but a couple of large conglomerates
Nice post Montmuzard don't forget we have a lot of money which we can draw down from our agreement with Sino Steel on option to 2027. We could go alone with our backers but the preferred option would be a full sale of assets, maybe split between multiple entities, bit like pick and mix
That's a fair and concise question you have posed Chris 0123. Obviously Bline thinks your question rather banal, I wonder where he knows we are in the negotiations. The first three months or the following six or three months. Vlad has never kept to the timelines of the RNS's. Your superior knowledge would be most welcome Bline Has anyone noticed that when you type Bline predictive text says Bilge, only saying
If it was your company bidding for EU would you want to know the results of the DFS before committing to figures. Also should the BOD be contemplating figures before the results are in. Massive SP rise if a positive result. Some have said that they expect the DFS and the FSP to be announced at the same time, why?
My opinion he's sold and had them put into a blind trust . Tax mitigation or requirement so as to take up his share options. Just under 1% means we'll never know. Under 1% sold and repurchased and the share bombs 45% makes no sense???