Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, we are all very much feel your frustration rich. The diamond market isn’t great at the moment and that’s very much contributed to the current situation. But the amount of work James has had to put in to acquire the permits for thorny river seems absolutely ridiculous. Personally I’m not invested in a company. I’m invested in James Campbell. He is very hard working on a fantastic CEO. Only time will tell as to whether we’ve made the right judgement here.
But around things off, I would say that is a fantastic buy for 4 million shares this afternoon :-)
I can’t say that I’m happy about the placing at such a low value
We knew that it was coming, but we hoped that it would come after some good news.
The optimist in me, hopes that the Botswana government and the funding parties have taken these 76 million new shares.
That should be the funding done for the next 12 months. But we now need to James Campbell to deliver.
Just to re-iterate what JPW has said
We do all feel frustrated on the lack of communication.
There is a lot happening in the background and JC is working very hard.
We should get an RNS before Xmas regarding Botswana and thorny river. There is progress being made on both fronts but JC doesn’t reveal much
Unfortunately we have to stay patient . . .
Whether you see the current situation as positive or negative, it is hard to get away from the fact that the company now has over 4 billion shares in issue.
I suspect many investors have no choice but to hold, or sell at a significant loss.
GLA.
Clockman
I think your questions and concerns can only be addressed and answered by one person - James Campbell.
I’d suggest you get in touch - he’s very accommodating and responsive.
You can email the company or I talk to James through LinkedIn
I think JPW Makes some excellent points.
And at the risk of sounding preachy, it’s important to remember why you invested here originally and water the potential returns in the long term could be.
Unless you are very good trader or very risk adverse committing your money here, is committing it in a long-term fashion.
This company is led by an excellent CEO. It has no debt and it has active projects which are producing diamonds.
I wish the share price was higher, but in the long term scheme of things, it doesn’t really matter. Stay frosty all.
I appreciate the level of frustration that many of us feel
BUT, if the project at Mars was not producing the goods we would have been told as such.
Its the fact that JAHC is staying so quiet about it that bodes well.
As its been pointed out security is minimal for cost reasons. If word were to get out that there had been a major discovery a criminal element would then become a big threat.
Sit tight. JAHC will deliver the goods. It'll just take a while
I’d very much agree with the pipeline news
But to be cynical - our pipeline has looked very favourable for a considerable period.
But as investors we need to see that crystallizing into revenue and profit.
Otherwise our SP won’t shift. The current price is a bargain but many LTH’S are already so deep averaging down is difficult.
Personally I thought buying in at 1p was a bargain . . . And look what’s happened :-//
Negs
I too, was a bit confused when production numbers or revenues were not announced for the current mining at Mars.
But when it comes to diamond mining security is very important, and it is expensive. I think the value of what is being recovered is not being revealed simply because it may attract the worst kind of attention.
The delay in starting at thorny River is certainly hurting the share price but James can only do so much. He can’t force government departments into action.
And let’s not forget the market makers are always far too happy to drag this down on minimal volume but they’re always reluctant to push the price up when there is buying
Try and keep the faith. JC is almost there . . . .
It is very hard not to admire James Campbell - his hard work, diligence and thrift need to be applauded.
As it’s been said - he’s the best CEO on AIM by a mile
Keep the faith all. Let’s hope our patience is richly rewarded given time