Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well I have to say it all sounds great. I was thinking of bailing on any degree of success causing an uplift in the sp. My main concern was that a placing would come on good news. As this has been addressed with a bridging facility, some board changes, and what appears to be a direction, I’ll be holding for what should turn out to be a double bagger from here. Well done all who kept their nerve. Commiserations to the recent big seller lol.
I’m holding for the same reason everyone else is….greed and stupidity. Down from 8p to 5p, I’m holding out just in case. Had I, or anyone else investing around the time the super coke battery deal was mentioned and the first cash sales last year, we’d have probably looked elsewhere for gains.
The company hasn’t stated it will be cash flow positive in any rns, only that they will be making sales. £3.3m as at November last year, the clocks ticking and the money is going out. 10k off take needed at a minimum, the plant “is expected to be able to” deliver 20k, so no guarantee it will. I’ll refrain from commenting now until first sales. See you all in May.
It’s just the way it’s worded. It tells you what the birthday cake will look and taste like, so they can tempt people into stumping up for the ingredients (which are usually the chefs wages)! Plus, how many people here jumped in every post last time after the company rns’d that they wouldn’t need one, only to raise at the first opportunity. I hope I have this holding all wrong for obvious reasons, but it’s gone from production in Q4 last year to Q1 this year and looking more like Q2 at best. As I say, hope I’m wrong, but I’ve been in aim for a long time and trust nobody, especially the board on any stock.
All I can go on is the historical delays, and my holding decreasing. If you view the sp over six months the patient is in a coma. Unless he’s got a defib kit somewhere we could be in it for a long time, especially if he’s concentrating on batteries and off takes. Let’s hope the cleaner doesn’t pull the plug with her hoover!
Couple of points, the cash by 12/24 may well be 14p in offloads, but Athe tax credits are worth something to some companies, so there’s a few pence extra there, also l, a big player with more clout may get permission for the flare, so there’s a few pence. If we get taken for a very hopeful 12p, there’s 2p p/s pretty much guaranteed for the buyer, (15% ish) plus credits and potential. CA may see more value if their holding was elsewhere over the next 20 months?