Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi both, agree the issue is cash Sam and having enough of it to get us through to production. The sale of BLOE shares and PC’s large share purchase suggests that funds are running low and that the fundraise you mentioned Min has nearly gone. The plan was to have the permits agreed in Q3, so the longer than anticipated wait will off course have a cost. Being less than a tenth of penny also has a cost and I’m almost certain if we’d remained above 0.1 there would have been a placing. I’m not sure what would be the advantages/disadvantages of merging the two companies and not worth me commenting, but what I would say is, there is absolutely no doubting PCs commitment to the CS project. I’m sure they have a plan B, C, D and so on, you never know something could come from the Diatomite project, or we could get an early contract. As always, pure speculation and my concerns maybe misplaced.
This can only be seen as a positive, next couple of months we should see some good days, pushing the SP back up and then into Q4. Exciting end to 2019 me thinks. I know it was only speculation, but SVS did put a target of 0.41 back in Jan and that was before permitting was agreed.
Admittedly the current SP does make me very nervous and I really hope you’re right Sam and the MM’s are just clearing the last shares. We never truly know, but presumably we will need another fundraise and I just hope that we don’t go down the consolidation route, hopefully PC and the team have SP changing news for us soon. A blue day would be great. All the best everyone!
How is everyone? Still feeling wonderful? See Totty wan and Safe wan are still doing their best X Comonsres seemed positive earlier in the week.... Good. We’ll be millionaires soon and then I’m going to invest in fine art. God Ascot has been v difficult, although a pal of mine had a 50 to 1 winner today. Night folks, when this takes off, which it will, we will be insignificant on this board.
Why don’t you leave this board until Q4 and then come back, Sams right and as I’ve said before, you are doing nobody any favours including yourselves, your like children. If this rises and folk start to take an interest, all they will see is your poorly advised posts. Hmmm what a good idea, I know let’s hammer my investment, because it hasn’t performed at the level I expected, because I didn’t really know what type of company I was investing in, because I didn’t research enough. Be accountable for your own actions.... You invested, suck it up.
Please don’t listen to this person, look at their recent posts, talks about consolidating and placements all the time, not a blimin clue. Terrible that people like you are on here! Doubt you even know why companies consolidate! Dangerous.
Well I’ve been here for 4 years and lost thousands, doesn’t really matter. I invested during the diatomite exploration, so defo not new to this share. This project has been taken further than any other, we are within touching distance off the finishing line, there was nothing negative in the report. You’ve waited 10 years, what’s another 4/5/6 months.
I don’t get it, arrogance? Your not making any sense. You should think about the type of company you’re invested in, not just the person steering the ship. If you wanted a safer/reduced risk share why did you invest here and not a FTSE 100 or 250? Do you know what you’re doing?
Apart from making a loss, which I think everyone invested will have expected, the report was very positive, plans submitted, new perl showing potential and will feed into the main CS project. Diatomite interest, our interest in BLOE and so on...... What’s not to like?