Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Who last week said Sova was around 5%? Now it gets released and they are 4.99%. How was this calculated beforehand? and allocated to Sova? Just a question.
Also have you all seen the FT news about Pavel and his health. Does not sound good for him, let’s all keep him in our prayers regardless of any wrong doing if any that is.
Ethically this is become hard to invest in.
Not sure I understand this deal.
Iron ore is up
IRC is now making profits
IRC share price is up in a big way and our share price is down.
Looks like the investment banks and brokers knew all along hence our share not being affected by the improvements of IRC.
I’m sorry but this new management have only lowered the share price. When the deal was first proposed it seemed to make sense now it’s an 80-90% discount.
If this whole iRC and POG thing is to fill one persons greed when they already have over a billion, then this is further evidence of the sad times we live in. Especially if they are willing to incarcerate the founder of the company they want to get what they want.
I pray Pavel is ok and regardless of any sin or money we can all forgive him and also ask the powers that be to take a close look at there actions in the pursuit of extreme wealth. Wealth that cannot be taken with them when the sand eventually runs out in there clocks. We come in with nothing we leave with our memories and love for those we leave behind. We with us not one pound, penny or item big or small.
Some may agree some will not but I pray what ever happens to IRC and POG it is for the greater good of the many including all the employees who rely on these companies to provide for there families.
What a horrible mess. Have a blessed day everyone, put this aside for a day call a friend or loved one. Breath the fresh air now we allowed again. Do something meaningful. Create a memory you can take with you or leave behind for those you love.
Could Hambro be on the ballot?
Last years AGM results were
To elect
Pavel M 46.14%
Damian Hackett 46.34%
Harry Kenyon Stanley 46.35%
Robert Jenkins 45.72%
Fiona Paulas 46.36%
Danila Kotlyarov 46.42%
So with this close percentage race could Sova decide this years results with the recent 3.02% holding? Will be interesting.
I almost feel like adding before the AGM to get some added voting power. Anyone else thinking the same?
It’s a very small percentage to bridge.
I feel the AGM will have a surprise vote addition again. Soon we should know.
Is anyone adding before the AGM vote? 1 vote more for us and 1 vote less for them means we have a 2 vote advantage for everyone we add. Just thinking
Look to the future.
Gold now at $1,881.30
Inflation is kicking in nothing they can do to stop it now. They are just trying to stop panic. One week news is huge inflation next is less risk the week after gold up inflation coming. Followed by looks like we will avoid runaway inflation then back to big inflation coming but don’t worry.
Basically they have no idea which is why gold continues to rise.
Profit up, pox hub running new flotation plant up and running soon. The big part is they have likely been stockpiling awaiting the new flotation plant to open.
The share price makes no sense. Gold is around $1,840. IRC is making a profit and iron ore is up over the past year. The flotation plant is set to open in weeks and we will get an update on this on Monday, debt is down, POX hub is up and running and we will start processing our own ore so no premium to pay to others. RUB to USD is in our favour. Pre pays are deduced and will not be a problem come year end, forecast for gold is strong. We are making profit one hopes.
Agree Rusty, nice to see you continue to hold.
Ridiculous maybe but are we not at the reverse ridiculous value today. Would be happy above 50p for now.
And gold up again at $1836
Proof the markets make no sense.
This has to jump again at some point.
Just imagine what we would be at without the board change. £1?
I have been here for years in POG. I feel this could and should go higher.
Referencing gold forecast is just looking at the long forecast.
So gold is ticking up again and forecast for the next few years is strong.
Pre pays are down and will be closed this year
Flotation plant up and running soon so we can process more of our own concentrate filling the POX with free ore.
IRC making profits and iron ore at record levels.
Debt reduced.
What’s not to like. No need to hark on about the past board. We work with this board for now.
Looks to be improving again.
Gold is great and a real possibility for growth.
However, if we write to Elon and highlight our graphite grade and levels in the ground he may just be interested in investing, buying or partnering with Alba.
Clearly buying the highest grade of graphite at source on an exclusive basis makes for a sound business decision.
He most probably has no idea Alba exists. Should we highlight this to him? A tweet is all we need in response for us all to retire millionaires. Maybe if we all commit to buying a Tesla based on a single tweet, then he may find a couple of seconds.
Regardless Alba need to improve the marking team to bring this product to the attention of market leaders.
Sorry should have been posted on the ALBA board. But hey what an opportunity a tiny company like ALBA is, as holder.
Gold is great and a real possibility for growth.
However, if we write to Elon and highlight our graphite grade and levels in the ground he may just be interested in investing, buying or partnering with Alba.
Clearly buying the highest grade of graphite at source on an exclusive basis makes for a sound business decision.
He most probably has no idea Alba exists. Should we highlight this to him? A tweet is all we need in response for us all to retire millionaires. Maybe if we all commit to buying a Tesla based on a single tweet, then he may find a couple of seconds.
Regardless Alba need to improve the marking team to bring this product to the attention of market leaders.
At these levels gold is still higher than it was in Q1 2020, debt levels are down, interest on debt is less, gold production is up, POX Hub is up and running and ramping up, IRC is is paying its way and worth 128.28% more than it was last year at the time of writing. Plus the new floatation plant is starting in Q2 2021 which will increase gold production and allow increased processing of company owned ore over purchasing ore from third parties, RUB to USD is 16.22% higher, at 74.06 RUB to the USD at the time of writing in comparison to a year ago meaning labour prices should be cheaper for a while.
The new management will always wash out things they see as bad to try and justify themselves as leaders. They will then say look at us now delivering the results and growth. When if we are honest they are living off the back of the previous managements decisions to build the POX Hub and floatation plant and a higher gold price.
The remaining TEMI licence 25% is an option, Dividends are an option.
Remember fair value is 58p according to some analysts. Which is 118.88% on the current share price. Fair values are often exceeded, so it is not wrong to see a doubling of the share price this year is a real possibility. Especially recognising gold production will increase and debt will fall again without really needing to do anything new. Next years gold prices if following predictions will catapult this share in value.
Calm + Stability = Strong share price growth
Gold long forecast is also positive for the coming 3-4 years. With this year treading water and the next 4 years between $2,000 and $2,500 at the time of writing. Take a look at the link below.
https://longforecast.com/gold-price-today-forecast-2017-2018-2019-2020-2021-ounce-gram
It will only take something very small to make stock. Probably something we ask why that and not others that seemed better or a stronger indicator.
Have been here for a few years waiting for that very moment I do see a change. That is high trade volumes at a higher share price, more posters on the board and more optimism. Then the share price pulls back but never below the previous pull back. Maybe this week maybe in 3 months or 6 months, not to bothered as long as it happens at some point. I’m holding not selling for less than 2p+ and will consider adding as it finally takes off.