Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://twitter.com/duediligenceguy/status/1780246546174402691
An excellent interview that I think plenty of people will appreciate. Unlike most, this ain't no puff piece by paid promoters.
Indeed Porters, but wouldn't single him out. Lots of people on here acted like a rabid cult whenever their dare leaders got any type of criticism & have displayed unfathomable ignorance, despite being invested in an highly risky O&G explorer. Hopefully they've at the very least learned a thing or two after getting rugged once again by Paul.
@dorfan01 I was under the impression most of the issues stemmed from outside infrastructure (water, power etc), rather than the design of the plants themselves, but I might be wrong? Thus I asked. Looking at their production in Sable/Roan, it's slowly but surely ramping up throughout the years. So while sure, things has taken far longer than expected (which I luckily missed out on), one shouldn't assume the company is so defunct that they don't even have a working design of the plants to begin with. Especially as they have a guidance of nearly 6000t copper for 2024...
JLP trades currently around 0.3x NAV / 3.5x '25 EBITDA. If they manage to start production from this new JV as early as next year, this valuation will get downright silly. I expect JLP to be an excellent play towards copper as the market improves with Cobre in Panama out of the picture. Long & optimistic!
Out of curiosity, have the copper modular processing plant failed before at a different copper project by any chance? Or why do people suspect they don't?
I'm a recent investor & curious what warrants the skepticism.
Indeed. Sad sight to behold, especially watching certain shareholders posting on here, whom much like women stuck in domestic abuse relationships keep making excuses for management despite being beaten over & over again.
I truly wonder when enough will enough for some people.
These clowns really couldn't have botched something as simple as doing a follow up flow test as hard as they did.
At least we all now know the real reason behind the delay, rather than the bogus "waiting for MOU" excuse they stated in earlier RNS. Bizarre & brazen behaviour that they decided to not be truthful to shareholders from the get go.
Nice to see them finally deciding to do testing for MOU1, although I'm a bit surprised they decided to go with it first before MOU3. Would love to hear some insight onto why. Regardless, nice to see them also being active on their other projects (which are currently valued 0 by the market today).
September can't come fast enough 🤞
Glad to see the prospectus not mentioning anything silly such as drilling even more prior to the testing, which is great to see. Finally time to determine if the MOU fan is economical or not, I remain long & optimistic.
Well said Jimmy, I'm glad people are starting to stand up for themselves & demanding treatment frankly one should expect from a public company.
Communication is oh so important & it's evident that's one of the weak points from PRD... with some friendly shareholder activism that could easily change tho! Keep it up!!!
I'd assume they must do said testing as stated in the RNS, or risk being liable for misleading investors participating in said raise if they instead choose to use that money to drill.
But perhaps the LSE has more lax rules than I initially thought...
Unfortunately I don't, nor do my acquaintances. Not normally an UK investor FWIW; so my experience on how everything works on this exchange & which brokers to contact is very limited.
Again, something an IR could help enlighten us with! :D
While we can all moan & complain about the fact that shares were placed at 11p, I for one am more than happy to see not only it being filled, but oversubscribed. Our "floor" has now been set at 11p, with upside remaining sky high on positive outcome. While I wish they would let more people join outside their "loyal shareholders", I can't fault them for raising capital here nor at the price. People need to realise that cost of capital has gone up dramatically, ain't no free lunch no more. This decision is incredibly good for the co, and with it behind us blue skies await!!!
I've read them, doesn't change my point.
I'm not sure if it's Paul or the more rabid shareholders on here, but drilling ain't cheap nor free. No costs has been out of the ordinary from my POV, and I expected a raise to come soon. Sucks if people has been mislead that it was cheaper, but that's why it's dangerous to have the board be an echo chamber with no dissenting voices allowed...
Conserved money? One can blame Paul for many things, but the way PRD has operated they are definitely penny pinchers & haven't squandered cash. It sadly costs a lot to do work in this business, not entirely sure why so many on here thought otherwise?
To raise capital to commence flow tests for MOU1/3/4 is exactly the thing they need to do to proceed & create value. A natural part of doing business as an explorer, which most here would understand if they weren't told by some of the more colourful characters on here that there were fears of takeover & other nonsense.