Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
lordsidcup, if that's genuinely your interpretation of what happened yesterday and some people's reaction to it then I suggest you go back and read all the posts again because you clearly haven't understood a) what was communicated yesterday (positive and negative) and b) what some people's (including mine) difficulty was with it. Yes, there was some positive news relating to NZ and let's hope that transpires to be a commercially viable site. But one of our four projects being declared dead in the water is not a 'gnat' and if you still believe that the RNS was suggesting the JE results haven't yet been received, then there's just no helping you. Jundee East is dead. No problem, but it is. And I say that as a significant shareholder who wants only the best for ORCP.
'Yes I agree it's very weird to focus on anything other than the great positive news this morning that Norther Zone has commercially recoverable gold it shows the psychology of some people'
Well, the market disagrees with you and so do I.
HermanusInclusus, it's not that the glass is half empty - personally I'm pretty sanguine about the JE results because as I said, you can't win with every prospect. If even one out of the two ends up being a commercially viable site, that will represent great success. My issue is with the way they have chosen to bury the JE news, almost as a footnote. It's disrespectful to shareholders and one of the key things I look for in a company is the way it chooses to to communicate with its shareholders. Usually, I think they do a decent job. This time, I think they've got it wrong, probably based on advice from some feckless PR agency.
I would love you to be right lordsidcup but I fear that's wishful thinking. It seems quite clear to me that they have the assay results for JE and they didn't return as expected. I don't necessarily have a problem with that as it's part and parcel of exploration - they can't all be winners - but I do take issue with the way they've chosen to break the news. We're shareholders, not idiots (though the two aren't mutually exclusive, as we know!).
Yes, good to see this back at something approaching a sensible price, although markets are so volatile at the moment. Looking forward to the H1 update in early-mid July, revenue can't be particularly back-ended with a manufacturing process like this and so I'd expect to see H1 revenue of c.£5m-£6m, versus £1.2m for the same period last year.
Jamesp not being negative at all, just pointing out a helpful fact. In the past couple of weeks alone we've had one poster doing a day by day countdown to an RNS that didn't yet materialise, then we've had a pointless game of take a wild speculative guess at the share price, otherwise known as 'think of a number'. Jamesp's short observation contains more actual substance than any of those.
Adamadd, the idea that you would label somebody else as pessimistic is laughable, given we've all had to endure your many tedious meltdowns on here over the past few years. You swing wildly from believing you're going to be a millionaire tomorrow to posting insults about Naheed Memon and selling your holding about a dozen times! Grow up.
I agree it remains unlikely that a Windfall Tax will be introduced by this government but that if it were legislated, as Clued says surely there would have to be some mechanism built in to offset previous or future losses.
At a minimum I would like to see the government demonstrate progress against the £5.5bn of government waste announced in March, before it goes knocking on any other doors. Hold yourself to account before you presume to hold others to account.
Sounds as though maybe investing isn't for you, OneJagielka. And I don't mean the performance of your investments. I mean temperament.
Hi Guitarsolo, as the management team have said themselves, the key perceived risk is in demonstrating the manufacturing capability at scale in order to meet the higher volume contract commitments, commencing this year. The next key moment I think is likely to be an H1 2022 update in July, which will need to demonstrate the significantly increased revenues associated with that delivery. Assuming they do, it should be an eye-catching headline figure from the £1.2m in H1 2021. It would be lovely to see another substantial contract announced before that, but that may be asking for too much!
As others have said elsewhere, there are numerous places to look to support those in fuel poverty before aiming a windfall tax at a corporation that has not only to ride out the ups and downs of fuel costs over lengthy periods but which is also ploughing many billions of that back into establishing the sustainable future of energy.
Instead of trying to make cheap political capital out of this, the opposition parties and all of us taxpayers would do better to hold the government to account on eradicating for example the £5.5bn of wasteful government spending that was recently identified and announced, or the pitiful procurement processes of which successive governments have been guilty for decades.
As for the BBC, though largely well-intentioned, the corporation is absolutely paralysed by trying to make amends for its own past failures and shortcomings (its management coming close to destroying an indestructible brand), putting it at the forefront of cancel-culture and increasingly bearing no resemblance to the world in which the vast majority of us actually operate. It's also run by people who have a toe-curling sense of what's relevant and engaging, desperately trying to appeal to a young demographic who don't even watch TV. Whatever one's view of the BBC, an expensive and mandatory license fee simply to own a television, irrespective of what one watches, is completely indefensible.
Is there a production line of bitter little weirdos somewhere, that I don't know about?
Fair enough ARSENAL17 and glad you've done well over the years, which I suspected you had, but I guess my point is therefore that you do keep a good eye on the SP in order to buy and sell at opportune moments. I appreciate there's a big difference between keeping an eye on it and being obsessive about it every day (and of course no investor would advocate the latter) but everybody has their own modus operandi. Anyway, CONTINUED good luck with your investment!
To be fair ARSENAL17, that's a pretty strange brag. Anybody who has held steadfast here for over three decades would have had a terrible return on their investment. Plus, you say you don't look at the share price daily yet you post on here pretty much daily, so what, you block out the share price? Always makes me laugh when very long term holders of poorly performing stocks consider it a badge of honour. Don't get me wrong, I've invested in some poor performers, but I wouldn't be lording it over some relative newcomer...
iParnsip, you're absolutely right, but I think what irritates genuine investors is those who are probably expecting a Ladbrokes experience in terms of getting an instantaneous result for better or for worse. Not suggesting for a moment that you're one of those but there are a lot around the various boards who seem to think that a few months invested makes them a patient, long-term shareholder!
Looking forward to the investor presentation on 28 April and confirmation of the revised revenue projections over 2022-2026, including the near-term impact of delayed SOP in 2021 on revenue in 2022. Am expecting to see min £20m in 2022, £30m in 2023, £45m in 2024 based on previous figures and overlay of OEM8 revised contract. I've come to the conclusion that demonstrable profitability (and the implicit manufacturing at volume capability) is going to be the factor that creates a material shift in share price here and therefore perhaps around this time next year if all goes to plan in 2022 as per David Bundred's mantra. Contract wins, on whatever scale, just don't seem to be sufficient for the market's liking. However, delivery of profitability coupled with an impressive and growing order book will surely break the dam here in a significant way.
Hi Hopeingmore, thanks. To be honest, it doesn't matter to me which individual it was directed towards. The thing I take exception to is the assumption that there is only one right-minded way to think. 'We all now need to be positive'... I'll decide whether I think a situation merits positivity just as I decide where I invest my money. 'None of them lose their enthusiasm and end up selling'... Why? Maybe a loss of enthusiasm is natural for some. Maybe selling up is even the best course of action for some - they'll be the judge of that. I just find the whole idea that we'll all hold hands, cross fingers, squeeze our eyes tight shut and make this happen more than a little mawkish and toe-curling. It's an investment.