Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It appears for whatever reason (perhaps because of shorting) the MM's are driving down the share price. It is believed that this shall continue to around 550p. This may be a good entry point.
Maybe wait a little while until the MM's have lowered the the price
Magnificent Manipulation again today
They notice the dams after 111 days .
They may be looking for a discount. its not wise to underestimate the criminal mind.
No party tonight in Sierra Leone . I always thought that Iluka did not have the b***s.
Sierra Rutile is having difficulties with its transaction with Iluka. I wonder if this might be an opportunity for Tim Carstens to extend the Base Resources footprint.
I guess the rutile price was not rising as quickly as they had hoped
When is the annual report due?
tHE ISSUED STOCK AT 20P NOT SO LONG AGO. I WONDER IF SOME PAST DIRECTOR USED THIS OPORTUNITY TO MITIGATE ANY LOSSES FROM HIGHER PRICES PAID EARLIER?
Iluka is an Australian company and may see Africans in the same light as they see aboriginals. Their website boasts their resources were in stable jurisdictions, implying that others were not in stable jurisdictions. In the old days, the colonisers swapped glass beads for gold and diamonds. Those days are gone. Historically Australia was colonised by people sent to serve out their sentence rather than cluttering up British jails . This criminal mentality may persist.The belief is that the criminal mind can only concentrate on round figures so 500, 600 or 700M AUD. Iluka appears desperate to gain access to rutile supplies. They need to convert a large amount of ilmenite to synthetic rutile in their operation. Glass beads should not be accepted. Corbs , Gib and others, keep the faith. 2 AUD per share sounds fair.
A replay is expected. Do not expect to return from Africa specially to vote.
Boris and the brigots will give us a brighter future necessitating greater rutile usage and the sp of sierra rutile shall rise.Little Britain by that time will be the world's 11th largest economy
Little Britain and the Brigots a wonderful combination
It appears the Brigots decision will cause them to delay painting their fortresses.
There will be a lot of Mandarins jumping up and down if the Brigots cause a recession
There may be an expectation that the world will fall into a deep recession and people will not have the cash to buy paint because of the Brigots
Unless rutile production can be ramped up to 250000t.p.a. given the current overheads, profits will continue to be small unless there is a rebound in Rutile prices.
Small shareholders comprise only a very small % of the business and the buyout cost would not be significant in terms of the overall valuation of the company. Of equal concern is the slow build up in production.