Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://www.togofirst.com/fr/services-publics/1006-5689-covid-19-le-couvre-feu-leve-les-horaires-dans-ladministration-togolaise-reviennent-a-la-normale
Open for business. We really should be looking at some movement and update this month. The last rns gave me the impression that we are in for a long wait. I think shareholders need some facts as to why the signing off of paperwork might be delayed beyond the next few weeks. Flights return on 15th june.
I dont get how there might be a multi-hundred pullback in price of gold in Q3/4??? Mass unemployment and no quick fix. Maybe folk are expecting Trump to go all in to get the stock market up in time for the election? Theres a lot of folk speculating for their own benefit on these sites. Bank Of America is touting $3000/oz.
I do believe we are worthy of a better update than that issued so far. It has to be said that a lot of holders with lots of shares are waiting for an answer either way. You arent getting mine sonif you are waiting for weak holders to get out so others can get in , better of just getting on with it. Surely if russell flies to paris then connects to togo, then no quarrantine? He can sign the deal and hole up in the ritz for 2 weeks on the way back.
Togo is certainly looking to open up and get business going over next few weeks. President re elected, and reasonable control on cv19.- just need the paperwork signed off. It was stated that this was all going well to happen in 1st qtr son no excuses not to have it ready to go. Sure folk have got their shares bought by now as well
I think you need to look at the tonnes being mined versus the profit per dmtu.
How is manganese priced?
Manganese is priced in dmtu (dry metric tonne units); a ‘unit’ is 10kg, or 1/100th of a tonne. Contract prices are
negotiated based on grade, levels of impurities (e.g. silica) and deleterious elements (e.g. phosphorous) as well
as physical characteristics of the ore – a premium is paid for ‘lump’ (+6.3mm) over ‘fines’ (-6.3mm,+1mm).
Thats from a Ferrex FAQ document. Painful i know.
https://www.togofirst.com/fr/transport/1305-5522-transport-aerien-une-reprise-des-vols-air-france-vers-le-togo-annoncee-pour-le-15-juin-prochain
All being well he should be on the first flight with all the necessary documentation. I speculate, but then, we never get any facts from this company.
Struggling to find much krs traffic on Twitter unless its regarding a Korean boy band. Guess it shows that when it pops, it will go big. Would like an update after a non existent agm and interview with the togo minister of mines. Thinking a slight mistake as it was stated that licence was granted in late 2020??? Typo I hope. Perhaps those who need to buy in are now ready to let it fly.
I dont see a particularly long delay. Togo seems to have a grip on the corona numbers. I would think they would be looking to resurrect the economy as soon as. Tbf to krs, they probably have to walk a tightrope and not upset the department that are going to sign off the licence, so putting out the dirty washing in an rns would be counterproductive.
On the upside, this pandemic and the current reaction to it will not last that long. I can only hope that Togo will want an upsurge in economic activity as soon as the brakes can be released and krs is ready to go.
No mention of the consolidation????