Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think all Nick and the BOD care about is end value of which also passes through to investors of whom stay for end value, everything that goes on in-between is just noise.
Their whole concept is prove asset, get major onboard and then sell to major.....the value is in the sell not the process.
With investing I always ask myself the same question, if I wasn't invested in a share in which I am would I take a position at the current price, if yes I hold my investment, if no then I start to think is it time to take some off. With arcm I am still adding and have over 7 million shares. For me the risk v reward favours massively towards reward. AA dont take any options up back to 2p but then we have other majors of whom we were in talks with prior to the agreement, if AA take a license could be looking at $500 mill plus for a tier 1
Hay bud,
Agree the 7-10 day thing even when he said it I disagreed with giving such a tome line! was silly!, regarding drill results all we can do is speculate, the company are releasing what they have when they can, we dont know the full terms of the EA so dont know whom has to sign them off and when, Do AA need to get them verified prior to release? who knows. But it doesn't get away from the point that the objective here was prove drill results to get a major interested. The company have done that and during the AE all that matters in the end outcome for now, drill results in between only add pieces to the puzzle. When the agreement was signed best thing to do is to switch off until the end and possible extension for a commercial agreement. Let the BOD do their thing with AA and see where it goes also being mindful that we have had previous offers. todays SP means nothing but a good opportunity to ADD if you have conviction IMO.Whats not important is for us to like what we see in the drill results but for the company of whom is going to buy or take part in the asset does. The SP atm has no reflection on anything to be honest as is an odd one, should either be much lower or much much higher. The SP has just been at the mercy of those of whom are trading it
For me the fact that the company are not banging the drum artificially to improve the sp tells me a lot, If things were not going as hoped would you if the BOD not try to improve the sp by shouting carp from the rooftops in order to shift some stock to reduce personal risk? They want organic natural growth based in what they have and what they are doing as this yields far higher results for all.
For investors the price being here is good as gives opportunity, for traders they are moaning as they want a spike to sell into. You have to know what you have invested in, this isn't an oil drill of where its binary of a big spike or a big fall. We have in ground the commodity now its working towards extracting true value. This was the wrong stock to trade guys unless happy to ignore the SP and await true value,
And NVS does want value for shareholders as he and the BOD are shareholders, but with exploration it takes time, The BOD know this and so do most PI, its the traders that want the price higher now to sell and make a %.
Wrong, the company does not control the mind of traders and fluctuations in the SP, they control where the company goes on what Mother Nature gives them. Someone tell me a ) what the company can do right now to increase the SP? B) why does this matter when this is an exploration company in the middle of of AE agreement?
If I was to sell my full holding today it would crash the sp below 3p but would have no reflection on the fundamentals of the company
Even if they stopped producing and sold the asset it would be of many multiples of todays mcap
Resolution 8:
Authority to allot shares
That the Directors be generally and unconditionally authorised in accordance with articles 5.1 and 5.2 of the Company’s articles of association to exercise all of the powers of the Company to allot shares of an aggregate of 3,000,000,000 Ordinary Shares of no par value (in addition to the ordinary shares in issue at the date of the Annual General Meeting); such authority to expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting) at the conclusion of the next Annual General Meeting of the Company or, if earlier, the date 15 months after the date of passing this Resolution, provided that this authority shall allow the Company, before such expiry, to make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted after this authority expires and the directors may allot Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.
Because China thats the way it works, thats what it says in the RNS, AA are doing DD / tech review, after that they can extend to negotiate an offer. Its in black and white.
You should call them and express your concern over their procedures