Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for your feedback. I've been looking at PHI for additional exposure to the wider region, but the SP is 10% higher than the NAV, which is stopping me pushing the button. Average SP/NAV premium has been just over 3%. What's the general consensus in this scenario - wait for the premium to shrink, or the issue of equity to bring it down closer to the trend? Thanks EG
Maybe a daft question, but are these transactions a dilution, or moving shares from one pot to another and meaningless from a SP perspective? Cheers
Is this the Biden effect? Great movement today. Dipped a toe in here a couple of months ago and it's not looked back. Long may it last!
Sorry 0.44p per share!
44p per share from my calculation.
I've moved house twice, got married and had a family whilst holding this share. Grandchildren are a long way off though, so i must be the resident whippersnapper!
2 x 300k buys this morning are me (1 not showing yet). Wanted more but they're not available at the mo. Looks like there's a Q for them too!
A long term lurker here, it feels like there's not too long to go now before KRS comes good. GLA
According to the asx announcement, the trading halt is for capital raising and we should find out why via another CAI rns ahead of trading tomorrow.
I suspect that this will lead to dilution, but on the basis that CAI is meant to be well funded, it should only be dilution for something worthwhile and valuable.
Therefore, KRS will probably come out of this owning less of CAI than it does now, but common sense dictates that whatever KRS is left with is at least as valuable as it is today.......but this is AIM!!
That's my take on it, although i always have a niggling doubt when Dave Reeves / KRS do investor relation / PR activities, as it has previously preceded negative things for shareholders, which is why i got out a couple of years back at 85p ish when DR did his roadshow giving it the biggun about KRS, only to match the positive investor sentiment with a kick in the nuts/fund raising shortly after. Those long termers on here will remember.
Thankyou Markyess, that's very useful.
Hello all. I'm considering dipping my toe back in and will do the usual research. The figures in todays thread look good, but does it all go out of the window if/when there is further dilution?
The press seem to have jumped on the only statistic that is lower than last year and spin it as 'negative'. If BDev can grow the business and profits without so much of a reliance on London, that should be a positive thing. I read the update as very positive, but the press are only interested in talking down the London market and hence there spin on things is dragging us down
Chad, TW are standing still and relying on squeezing additional margin from projects rather than growing outlet numbers. I think they've exhausted that strategy now which was evident in their update earlier. It's difficult to see where TW can harness growth now. The shackles aren't as tight here and whilst the BDev SP today has been a reflection of TW's update, I'm hoping for better things tomorrow. Time will tell...
Thanks Jim/Oil - it's all coming together. Just need the permit and details of the offtake/funding to fill the gaps and make the maths simple. It should all be upside from here.
Hi all. I'm a long termer but haven't posted on this bb in ages. I just wanted to check in and pick the brains of those that could fill in some gaps for me and are happy to share it. Ignoring other FRX projects for a moment, I was trying to do a quick and dirty on the +ve cashflow created, assuming the Nayega permit is granted and the mine is operational. We know that the actual costs are likely to be less, but assuming 250,000 tpa and $2 DMT costs and $15m set-up, what sort of revenue pa will this generate? I have tried to find the relevant prices to fill the gaps, but it's a minefield and i'm hoping someone more knowledgeable on here could help. Many thanks