Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Whilst I appreciate we’re now actually moving, without first cash in the bank the company is burdened with its history.
Check out the rns from March 2022. According to that we should have a mountain of coal by now, a small battery plant in place and a larger one coming before year end! I won’t hold my breath, but will be happy just with first sales rns for the time being.
We won’t be heading to 7+ unless the alleged MOU partner is named and we move to contract agreement. Once the name is released I’m expecting a placing to fund battery plant, unless our this figment….sorry, “partner” stumps up the cash in lieu of coke batteries.
Whilst we may well hit double figures on coke production, we are far from it. Until or unless we hit 10k p/m we’ll need funding for the coke production units and lots of it. Seems to me like our only hope now is if the MOU company stumps up. Other than that I’m fully expecting a placing and a bloody long journey back to break even. Very disappointed.