Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The market cap is still high here relative to the income and potential in my opinion. This seems like it’s been propped up by PIs averaging down from the major spike years ago. Interested to see how far it drops in the next few months.
It's negative because it's another announcement with no revenue figures imo. FDBK needs to prove it can turn potential into commercial and quickly because cash burn is very high based on last years results. When will they need to raise again? one trial does not a company make.
DB has said on many occasions that he doesn't like to speculate on timescales and only deals in facts. We will know the new timescales and drill plan when it's been finalised and not before. Nervous PIs always demand to know 'info' when the SP declines. The EWT will commence and CPR will be released and the Wressle result will be published all in good time. In the meantime, patience is required.
With the income figures and quality of the grade i would say that a move towards 24p is far more likely than a drop back to 6p. Some desperate or fed up investors may sell on relist but i'd hope they'd be quickly replaced given the upside. GLA. Fingers Crossed for good news in early 2020.
Is where I see this heading pretty quickly. NHS Pilot could take some time to agree and then it will run for months before they decide if it’s worthwhile. No revenue for another 6 months and FDBK need more cash. Sell off could start soon. GLA dyor