Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oh do shut up
Yep, also fair point. Risk or no risk, it's a money-maker for sure. Gold companies have to operate where the gold is, and frequently that's in questionable parts of the world. Tolerating some risk could make you rich! lol (fingers crossed!)
Interesting thought. It has occurred to me previously that someone - possibly Rio Tinto in the past, as they used to have some farm-in arrangement with Calibre, but now more likely Chinese - could corner the entire Nic gold exploration and exploitation market and wrap it up into one nice neat parcel. It's possible that is what Calibre is seeking to do, and then sell off that parcel to the Chinese, leaving Calibre to concentrate on more 'established' jurisdictions. Make sense to me anyway.
I would suggest trying not to tie your emotions so tightly to the SP in the first place. Easier to say than do I'm well aware, but it helps to try to keep an even keel regardless of what's going on.
https://www.poetryfoundation.org/poems/46473/if---
The counterparty is the MMs, who will tend to increase the bid/offer if they themselves are running low on stock. The MMs can be considered to be neutral, so large buys do indicate a vote of confidence from the buyer without necessarily implying a corresponding negative position fron the 'seller'. The opposite is also true of course.
We have become used to the idea that gold is in a bear market, junior miners doubly so, and Condor tripley so. Even those with low expectations have been disappointed. But that is no longer the case, and just as even pessamistic expectations were exceeded to the downside in that bear market, we may now be approaching a period in which optimistic expectations could be exceeded to the upside.
Most investors hold on too long to losing positions and not long enough to gaining ones. Most of us here are probably guilty of the first, but we need not also become guilty of the second.
Personally I'm reluctant to be drawn on precise predictions, but the situation now is different to that when Condor was first put on the market. Times change. Perhaps our expectations should too.
What we want is really not relevant. We will get what we're given. That said, I'd be pretty confident that JM and MC would also prefer a cash deal, no matter who the buyer is. Either way, you can sell shares and get cash, or buy shares with cash, so I don't really understand the cash vs. shares debate.
Very nice write-up, with a few interesting details, and the publicity is welcome of course. That said, at it's core, it's just some more speculation, which we have plenty of already! The questions of who (not very important), when (pretty important) and how much (most important) are still to be answered. Let's hope for some clarity soon. GLA
A question to those experienced individuals who say this delay and/or due diligence arrangement is not normal - are your experiences primarily in Africa, better yet, Ethiopia? Because if not, I think it would be a stretch to conclude that "normal" in the UK, or in another financial 1st world country is necessarily the same as "normal" for the current situation in Ethiopia.
"AIM Rule 11 requires notification without delay of any new developments which are not public knowledge which, if made public, would cause a significant movement in its share price."
https://www.iasplus.com/en-gb/resources/other-regulatory/market-rules/aim
There is wiggle room in the form of an exemption for ongoing negotiations, where disclosing the news could prejudice the negotiations, which could conceivably apply, but the high-level rule is pretty clear.
Indeed. Of course it is. Get real. It would have an effect on the SP, yes? Therefore "price-sensitive" by definition.
Olmsey - per stock market rules, price sensitive information must be released ASAP. Not saying you're wrong, but absence of evidence is not evidence of abscence, it just means it's taking a bloody long time, which we're all well used to anyway!
More likely in my view is that the increase in gold price now means that potential buyer's offers are increasing to the point where JM may seriously consider them. He's probably had a price in mind from the beginning, but no-one was willing to pay it. Hopefully, that is changing...
Calibre probably wanted more than 50% of the profits, which is probably why the previous attempt at arranging a toll deal never came to fruition. Their prerogative of course. I assume they felt, rightly, that we needed them more than they needed us. But even so, it's a shame that a mutually profitable arrangement couldn't have been found. Regardless, it's water under the bridge at this point. I can't see it being revived now.
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You know it makes sense.
Publican: "matter of fact and emotionally detached" is perhaps the best way to be when investing. Unlike yourself one might suggest. Nobody posts as much about a stranger's financial situation as you do and is entirely OK either. Besides, for better or worse, he can't see your posts anyway, and everyone else is sick to death of you droning on about it. Are you even able to stop talking about it? I have my doubts. Look in the mirror.
Amen to that Qnard. Most people see what they want to see, or expect to see. But as you say, the reality may not be so. My view is that the SP is the ultimate indication of market supply vs. demand, and that is beginning to firm up nicely just below 0.6p. News will send it one way or another. I expect up, but we will have to wait and see.
High-risk, high-reward. That's why we're here isn't it! My view is that the actual risk is lower than the market currently thinks, and so the risk/reward ratio is quite attractive. That is by no means a guarantee of course, and I wouldn't put your house on it, but with a little (more) patience, the reward will hopefully begin to emerge. GLA
HZM is a cautionary tale of problems during construction. Down 98% over the year.
FC - genuinely no offence intended, but it's kinda tough to believe you were a finance big-wig, given your behaviour over the last week or two. Credible people generally don't act in the manner you have.