Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As others alluded to, I think this will just bounce between high 40's-mid 50's until we get that proper news of drilling started/confirmed date, then results... Just got to keep patient and not get suckered in to any form of trading imo, as there are so few shares in free float, MMs will lap up any opportunity to get shares out of your hands and into theirs through these drops... ATB not long now folks!
Was here at 120p! We had a nice rise from about 30p to 60p (I then got in at 60 so don't know why there was that rise), then we continued to bounce between 70-80p.. then we got 30th round licence confirmed which rocketed us to 120p, then with funding delays (and a bit of dilution) we dropped to these levels, so given that we are actually in a better more advanced stage than we were at 120p (albeit more diluted), yes we should smash past it when it comes to actually drilling and flow testing and moving into production... all in my opinion of course. Should everything go smoothly as well.
20,000 bpd is mega, with the amount of shares we have in issue? Looking POTENTIALLY very nice indeed.
This share really can give you heart palpitations with how it can suddenly drop when it seems like it shouldn't be dropping but then rise back out of nowhere with a bit of positive buying! I guess it's bound to be like that with so few shares available with the board holding a lot which they wont sell and so few available to us/MM's
Did feel like it was a bit unnecessary falling from 63p at the start of the week to 48p yesterday/this morning after the rise last week which was from positive news/a clear update!
Not at all. My average is 65p from early/mid last year and what, 5 months ago or whenever 30th round was awarded it was up to 120p when JV funding wasn't even really being talked about...
Yes it was a shame there's been about 3/4 months delay with getting it sorted but it looks very positive to be happening next month, and think where we will be with everything funded and starting drilling in the middle of the year when it was at 120p when we weren't really close to anything happening.
I topped up @ 53p a few days ago and was a little miffed that I could have done it at 40p lol but in the grand scheme of things 53p will still be a lot cheaper than what it should get back up to.
I know AIM is usually sentiment driven but it just staggered me that pre 30th round being awarded to us and when we were getting no JV updates we were around 80p and with 30th round now ours and at least knowing what's going on with the JV and that we are dealing with people, it went down to 40p! Fantastic opportunity for anyone that took advantage... GLA
You’re still here? Strange. Considering you said you’d sell and move on if there was any delay in the JV which there has been. Proving why no one listens to you.
Good positive RNS, indeed. Clearly says we are still ready to go with whoever “they” are, highlighting how their structural issues are now resolved as that was a major part in the delay, as others have said/speculated.
Whilst no firm timeline had been given, again they say they aim to wrap it it before FDP at the start of the year, which hopefully means it gets sorted this year, hopefully again in November. GLA
Brom it has appeared for me too, excuse my ignorance on this as I haven’t had to do it before, but with HL, do I just need to make sure I have enough cash in my account ready to automatically be taken out? I don’t have any message from HL asking me to opt in or out..
Hopefully. As the RNS did say we were ready to sign but "they" didn't deliver on key points within the timeframe. So the pressure should be on them as we are free to talk to others and do a deal with others, even though I'm sure we want to deal with "them" as we were ready to sign... Hopefully something happens this month!
Well as I did think with another, delay not down to us. Disappointing nonetheless but clearly says the JV partner wasn't delivering on everything and wont be in the time frame, so we move on. I doubt we will stop talking to them all together because we have to be professional, however I'd firmly expect our phone to be ringing from others who we can now talk to and share plans with...
Shame the SP took a hit but was always going to happen if it wasn't announced, i do feel like this should be in the 90's still but always going to be a hard hit right from the start, a la SXX which went all the way down to 22p now back above 30p again, just need some positive steps forward and a plan, as there is no way this shouldn't happen as the $$$ potential is just too big
Precisely my opinion. Whilst any delay would be a shame, it wouldn't be down to us/because of us imo... We are talking to "someone" who is obviously keen and interested in investing as there is a very high/good chance of them making a lot of money back themselves, so like said, if the exclusivity period gets extended, i feel it will be because "they" don't want us to go to others and still want it, but for whatever reason, wasn't quite done in the timeframe... Not because we (the BoD) are incapable...