Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I don't really get the constant Winnifrith angle - do people still even listen to that guy for tips? He probably has a fairly keen eye for when a stock is utter shyte.. but his tips? If he's been 'pumping' this share it obviously hasn't been working very well this past few months.. maybe that's why you dislike him so much?? Anyway, I'm really not one for having back and forths on BBs. I believe true value always comes out in the end, which makes bickering a total waste of time. I don't have the time nor the desire in any case. So fair enough, let's just see how this one plays out. Best of luck to you all, if not in this, in your other endeavours.
Yes - quite the gripe. A couple of things... It's not 3500 m3 of timber that was produced in total, it's 3500 m3 of export grade (1st grade) timber produced. And what happens to timber after it's produced? It's SOLD. Before this however it can be turned in to even more profitable veneer... Of every log, 25-30% is first grade at $350 per m3 ABSOLUTE MINIMUM. On this, in the Q3 update I note "Prices for our main species have remained stable, with average realized sales price of $400 - $900 per m3 depending on species and grade." So probably more prudent to take an average of $500 per m3? A further 30% of the log is 2nd grade timber, difference being the wood has a few more knots, more colour variation etc. This wood is also very desirable so even 2nd grade african exotic hardwood is very valuable. Once you've figured out the maths please note that this is only for 1 quarter.. AND was rainy season.. AND it doesn't include any timber trading OR agri. In relation to planting etc., a company must pass a stringent validation process to get listed on the Social Stock Exchange, of which Obtala won Impact Company of the Year last year. A 5 year old could probably also read words in an rns... "The MOU signing took place took place in the presence of and with the support of representatives from the local government and the World Bank. A reforestation project is underway at Obtala's concession in Uap� to plant a range of indigenous species, including Chanfuta, Umbila and Pau Ferro. 10,000 tree-seeds will be planted by the end of 2018. Jessica's team are also working with the timber trading division in the Ivory Coast with a view to expanding the reporting metrics within our responsible wood procurement program. In addition to these key projects, activities have been taking place on a daily basis across all of our businesses, deepening our relationships with the communities we operate in. These include electrification projects and infrastructure upgrades for local schools, sponsorship of sports teams and food donations to hospitals and orphanages." If by "keep changing plans" you mean rapidly expanding, then yes they keep changing plans. The money raised last year has been spent on the core infrastructure which can accommodate the planned ramp up in production going forward. In my view, management has done everything they said they would and more (lucrative Woodbois acquisition - another conservative $15 million revenue yearly). 2017 was the year of transformation, 2018 is the year we will begin to see the fruits (pun intended). Very much looking forward to seeing next set of figures. All IMHO.
Yes, as I said, only a snippet. Of course, why would I continue your ridiculous subject title.. And yes, I’m a paid ramper, me and all my 5 Obtala posts, they pay me big bucks
4kandles - just as a snippet, are you aware of what ‘3500 m3 of export grade timber produced’ in Q4 means? I don’t think you do so I’ll tell you. Conservatively, you multiply each m3 by $350. That’s on top of WoodBois trading deals and the agri business. Again, I look forward to seeing you here when financials are released. To other holders - an MOU with a government body is great news. Always reassuring to be in bed with government. This is the year when Pelham’s vision for the company takes shape. Sawmill up and running by Q2 and trade finance should be sorted by then too and then we’re motoring. GLA
Anybody selling now is risking not being invested when the news drops, which means missing the gap-up to these figures, which could happen quite literally any moment. Not a risk I’d be willing take, not by a long shot.
The director loan's a moot point. There's quite obviously been a very large seller here for the past couple of weeks.. and when there's not much volume and therefore no liquidity that's what happens.. the price goes down, unfortunately. Nothing has changed with the company though. Although I already have far too many of these, I will be adding once I can clearly see that the selling has dried up, once those ~50k sells have disappeared, which may be quite soon, And just before end of month update too. Share price retraces are often a gift.....
Snap!
They were taken at a ‘premium’, not a discount
4kandles - normal comment from someone who has obviously been burned by a Winnifrith tip before.. hope to see you here when the results come out at the end of January x
More sellers than buyers.... and impatience.
Bermondsey, very much obliged
Anyone have a link to the panoro update, or a copy and paste, please?? I'm travelling and on my hammy old iPhone and it's proving nightmarish....
Take your pick... VSA Capital - 36p. Beaufort Securities - 37.50p. Align Research - 38.18p.
Intrigue - I agree.... The closed season for cutting was extended from March to June, which isn't ideal timing for an interim report, but the next 6 months and thereafter will see dizzying returns IMO. This is so undervalued... they should get the dual listing going pronto
I feel your pain - but interim results are in between now and Friday and, IMO, I wouldn't sell up before then
strange selling, all for amounts of around 15k and the sp drops ~10%. but when there was buying of amounts 200k+ it didn't budge. Hmmm