Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Pash. To not look at and consider the negatives strikes me as naive and risky. Looking at and endeavouring to mitigate the negatives is more sensible.
We were told there were two trains booked in for this month. We have ten days left of the month. What are the chances they were both booked in for that period? Assuming it's Norfolk Southern providing the rolling stock, do they have the capacity to do two huge deliveries in such a short period ?
We are so used to Adam delivering on his promises that when he doesn't, people are bound to be a little nervous. This is particularly true given the importance of being able to ship in quantity.
We could buy/lease/sign royalty deals with any number of contiguous properties but if we can't ship coal out in any great quantity, we won't be able to realise the profits anticipated. We simply cannot have a never ending parade of 100t trucks rolling through WV.
As I've said before, in my opinion, the rail spur sets us apart. It connects us with the mainline and enables us to ship our product in quantity and expeditiously. Without that, we are digging up a valuable resource without the ability to really make it pay.
James, I am "chill", I'm merely sharing my opinion. The rail line is literally the last piece of the jigsaw that was laid out from day one. The extra shifts, the extra HWM, the acquisitions.... these are all great additions, but the rail spur is the USP here and the last of those that REALLY make this one special.
We have been due news for ages, Iceman. And we got some last week but, on reflection, it wasn't quite as excellent as we might have hoped.
We REALLY need to get the rail line working, get the second shift working, the second HWM built and mining, and in my opinion, focus less on acquisitions for now and more on actually bringing revenue in, in big numbers.
Very true, Rob. Let's hope Adam releases them soon.
Apologies - I knew all that, really. You can't sell what nobody wants to buy. But I'm wondering why nobody is buying. Particularly at this level.
Have a look at the trades page.... Nobody seems to be buying this today.
I've also tried to put a small sell through a few times to free up some cash for home improvements, and it keeps getting rejected.
Market newbie question - why?
We really, really need to see this train hauling coal away. Adam said he had two deliveries booked in for April. There are ten days left of April. What are the chances that they were both booked in for the last 10 days; or even last week of the month? We need to get atleast one of the two planned trains loaded and rolling before the end of the month.
Given that my 95p (ish) prediction seems to have come true, tomorrow I'm gonna predict a close of £1.07.
Just stumbled across this.....
https://www.flickr.com/photos/coaltrain614/8278308865
Is it? Love to see a similar photo of approx 13 years later - i.e. tomorrow !
Realistic !
Expecting a little dip tomorrow. Perhaps even below 95p. We tend to do that when we haven't had any real news.
But folks, stay strong ! Hold firm !
Hi Eileen,
I sold about £1,000 worth of shares today but that's all I'm parting with until atleast we see dividends later this year.
I'm fairly sure the rail line was always a Q1 target. Considering the scale of that undertaking, that was always going to be ambitious, though. Don't ask me to refer you to the RNS or podcast in which Q1 was mentioned for the rail spur, as I'd likely struggle to find it, but I'm sure it happened.
It doesn't make me any less bullish about this one and some friends of mine at the pub have collectively pumped a few grand in here based on that bullishness.
Sym, honestly, I think a lot us thought that ATLEAST half of that list would have been ticked off in this morning's RNS.
I still think it was a positive RNS but the more I look at it, the less I consider it as transformational as it should have been.
Adam is an EXCELLENT leader and I have faith in him, but I also think he is exceptional at PR and marketing.
He hasn't ever said we have missed deadlines, in spite of having done so, but he HAS danced around the subject of those deadlines and given us positive information to mask the fact we haven't quite hit targets on a few occasions.
I'm alright with that. Things take time - particularly on this scale - but we need to remain mindful of the fact that Adam probably has a lot less to lose here than the rest of us.
I'm in here for over £150k so don't consider this a de-ramp. This is just an honest perception of an absolute amateur.
Research is as important as gut instinct is, particularly on AIM.
We saw this large volume of selling a couple of days ago when we hit the quid, but through the course of the day the SP climbed back up again. Suspect the same will happen today - as these sells go through, people will jump at the opportunity to buy in at what will soon be considered a bargain basement price.
Wouldn't surprise me to see another ATH close today.
Speculative, I'm assuming. And likely, well placed speculation.
Hi Shorn. Yeah; I saw that. And it seems it wasn't an RNS - must have been during a podcast - where AW mentioned the three step process of getting the spur back online. He said stages one and two were complete (i.e. it was fixed and operable), but was awaiting stage three which was essentially red-tape.
The only thing in that RNS that I didn't particularly like was that no (explicit) mention was made of the sign-off of the rail line. The RNS confirms completion of repair works, but this was confirmed in the last RNS on the subject; with the sign-off being the third and final step in a three step process to get it up and running. Perhaps I've missed something in there, though.
Regardless, wow. And $250k at £0.93 per share isn't going to have much of a dilutive effect at all.
The RNS we had been waiting for.
So much positivity in there.
Today's going to be explosive!
My goal here - which I n3ver expected to actually reach, given this was my first shot at playing the markets - was to make enough to buy an apartment in Fuengirola.
If I sold now, I could do so easily.
I won't get that lucky again so future investments will be more modest.
Chariot is an oil and gas player. It had an amazing week last week before I bought in but my pal - who is very much on the inside - says more is to come. I hate buying in AFTER a huge spike which is why I'm keeping my investment there decidedly modest.