Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
These are both buys showing as sells, me averaging down.
"All that remains then is to ramp up ROM throughput and maintain stable operations at
a high plant utilisation rate."
Thanks for replies chaps - just found this in Shard report.
Evening all! Not posted for a while but have been beavering away getting my average down when possible.
So 68T for July based on starting with the good stuff on 6th July. I appreciate this is back of the fag packet stuff, but if you extrapolate as follows 30/25 *1.4 to take into account full month access to the good stuff and a 7 day week, you get to 114. That is over halfway there - albeit by a whopping 1.5T!!
My question (and please forgive my ignorance) to the likes of Tro, Safety and GIT (and anybody else interested in seeing this company reach its potential) is how do we get from 114 to 225? Do we have to build another section of infrastructure? Do we have to turn another part of the infrastructure on? Do we have to mine in a different place? I genuinely do not know so.answers on a postcard would be much appreciated.
A quick word to GIT and Safety - love reading your posts and thanks for keeping it up. They have provided much comfort to me when reading through the BB. Take it easy and one day I hope to meet you both at (dare I say it) a 1p party?!
Don't see why not.
All the pain has gone you'd like to think with the 7m impairment charge. Accounts would have looked a lot different without that even during a pandemic.
Dividend will be reinstated at some point and if at the previous level, that's some return on the current sp.
There is also still a significant gap to NBV.
Your posts crack me up! Your way of dealing with the little green boxes has brought a smile to my face! Nice work.
I don't know how this works. I've got 75k shares so have been offered an additional sixth (12,500) shares. then there are 595k of excessive entitlements. The cost of those is 32k. what are these excess entitlements all about please? Thanks in advance for any help.
I didn't say he had bought the 250k of shares. I said 'his intention to buy £250K worth at 8p' as per the RNS, so I'm not getting ahead of myself at all.
Exactly Troajan. I've a feeling we are at the bottom of the curve ref production, but all the pain getting to the bottom has been taken and is reflected in the current share price. It might not be the very bottom for the share price, but I do think it's the bottom for production and from here it's going to get better. For that reason, I'm staying in and am happy to add. We need to focus on removing the water permanently and increasing production. Masterman is now doing this and again the pain of doing so has been reflected in the current share price. In theory, there should be no more pain to be reflected in the share price. Even though the results might be poor, you'd like to think that enough has already been written on here to make those expectations built into the current share price.
Fingers crossed. It seems a few buys are going through today. Looking in on this as an investment offer at 7.5p in my opinion the potential upside outweighs the risk of failure, especially when taking into account the historic holding of Masterman, his recent share purchase and his intention to buy £250K worth at 8p. The fact that the people on the ground involved in the day to day running of the business are bound to know more than anybody on this BB only adds to that argument in my opinion, despite them having made operational errors in the past. That said, I'm not qualified to give out professional financial advice, so please just take this as private musings over marmalade on toast.
Hi all.
Sold out this morning at 45p, only a holding of 8,000 but if only I'd held my profit would have been much higher. Hey ho. I was worried about yhe admin expenses. They don't seem to have got a grip on them still. I wish you all the best with this one but I must admit I'm glad I'm out albeit with a few thousand less than I could have had. If we drop to 40 again I might look back in but doubt it will. All the best and well done for holding.
HA! Cheers GIT - I've filtered. I will never understand the need or volition to post such comments.
Thanks Troajan. I found how to search for comments by members and have got his comments. I need to read and understand and then update I think.
Thanks again for your help.
Thanks Troajan. A reply from a proper person. Honestly, I don't know why people come on here and simply post horrible unhelpful comments.
OK, so if we're in agreement then in reality it shouldn't take too long before we get up to break even given the fact that the plant was only operating on a reduced basis in December plus the fact that October and November were not as good as December.
Is southwesterner a poster on here? I should like to see their comments for myself.
Cheers! All the best.
That's absolutely wonderful of you Goingunderground. Thanks so much for your help.
Opex per the FID was $145m. Based on 1,380,000 mtu that equates to $105 per mtu.
In the same FID, opex per mtu is stated at $94. I am going to go with the higher of the 2 figures.
That would mean per the FID that we had opex costs in Q4 of $703,290, resulting in a profit before interest and tax of $904,230. I am assuming that fixed costs are included in the $105 as there is no mention of them being excluded in the FID.
Interest I think is something like 12.5% on $50m of BR loan which equates to $1,562,500 per quarter.
Loss after interest will therefore be $658,270.
$658,270 in profitable production terms equates to a further 4,876 mtu per quarter, meaning break even on the above analysis is only 46,296 mtu per annum.
That seems quite low - does anybody have an opinion on my calculations? I feel I must be going wrong somewhere!!
We've just done 6,698 in Q4 - does that roughly equate to $1,607,520 if the price is $240 per mtu?
Apologies for this - there just seem to be a lot of units being banded around with not enough equivalent financial information in the RNS.
Ah - just found it!! First 2 years 180,000 mtu/a and then next 4 years 255,000 mtu/a.
This equates to 1,380,000 mtu over 6 years.
Hi All
I've been doing a bit of reading this morning and trying to calculate a P&L based on what we know from frankly the very little amount of financial information in the public arena.
I'm coming unstuck over the units of measurement. I went back and had a look at the FID which predicted $341m of revenue over 6 years, based on I think 2,700 mtu in years 1 and 2 and then 4,000 mtu in years 3 to 6 inclusive. That gives total mtu production of 21,400 over 6 years.
Can anybody tell me how 21,400 mtu equates to revenue of $341m at a price of, say, $240 per mtu? I am clearly missins something and would ask that somebody in the know points out where I'm going wrong!
Thanks in advance!
I think that's an excellent point. an updated plan would be welcome. However, production has to be fixed first. You wouldn't look at a burning building and think ' i wonder what this will look like when the fire is out.' you'd put it out first and then assess.
A positive and encouraging update. I've topped up this morning also. Interesting to note that December was the best month in the quarter which shows the improvement continues to be an upward spiral and ought to just get better and better. I wonder if we start to see a push to 0.15.