Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Tulu kapi finance is the only way this is going to fly.
The drilling results were good but it’s still an abstract resource in the ground we don’t have to money to exploit. But if tulu kapi is definitely going on line next year the cash it will generate gives so many possibilities to the company.
The anticipation of finance being finalised should keep the share price buoyant for the next couple of weeks. I really hope Harry pulls it off well before Christmas, I don’t want another delay overhanging the festive celebrations.
Hopefully some more news on drilling should be imminent as well.
My personal view is the market couldn’t give a bugger about the Ethiopian internal conflict which is localised and a bit of a David and Goliath conflict that was sure to soon be over.
The only reason this has dropped is the October finance deadline being missed and institutional bucket shops then flipping their placing stock for a tidy profit. Gold mines generally aren’t located in the more stable countries on this planet, it’s a generally acceptable known risk.
Don’t worry. Without malesheve I think fox are sub scale and will remain that way. I wouldn’t invest as I would expect a fundraise soon to repair the balance sheet, the taser payables were high.
But when they had malesheve pre COVID you could definitely see the path to profitability. I think if someone takes this litigation on they will win as this one event has crippled the company. In that case it’s a good binary bet.
We will see.
On the plus side block orders should resume early next year if widespread vaccinations take place. Contracts like the Indian temple in the gulf could resume work and their marble off take agreements.
On the negative side, nothing about the new Selene quarry or how they will manage to raise money to develop it. Supplying the local Baltic market processed material doesn’t make hardly any extra money than selling block marble it’s mostly covering the additional costs of processing. Price per square meter dropped from 60 euros m2 to under 30 euros.
Will keep on watching from the sidelines. The only wildcard is the legal case. I will be back in if they secure the no win no fee lawyers taking this on and funding it.
Listening to TW’s podcast he spoke to Harry the evening before the placing and was made an insider. Harry intimated financing should be complete in December. TW not too happy about being diluted, felt they should have raised after the financing was complete but understands they are keen to get drilling in Saudi. Still looks cheap.
I’m surprised Centamin or some other gold company that is generating cash and wants to diversify geographically haven’t tried a takeover of Kefi. It would be accretive fit their shareholders.
I bought back in on Friday. The company has come so far in the last year but the mcap hasn’t followed. I expect this to rerate on the next trading statement as well.
It depends on delays I think. I wasn’t exactly enthused with today’s RNS. What’s to stop more delays over Christmas?
I took my profit and sold my 3 million shares at 2.52-2.54p. I think there is a very strong chance to trade this and buy back cheaper.
Non binding to me says nothing has changed since the last update.
I read it as a delay as the funding is non binding.
Excuse my ignorance is there a clause that says they need African partners? Couldn’t they just run the entire project alongside the Ethiopian government if they don’t come through the diligence process?
Nice to see the rise for you unvrkw. Kefi is edging up as well, maybe we will both get company news and a rocket up the share prices next week.