Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes Picax..a very good post. I think, given the current share price, the pain tolerance is hitting many investors but I was really impressed with AW's last webcast ..and the presence of the MBU head honcho who's name I can't remember now but who was very supportive of AW's comments in relation to what the company have done so far and where they intend to be really took away my nerves following the drop in the share price. I am convinced AW will hit his plans in terms of production which will inturn create the profitability to cover the opex, debt and divis...which he mentioned might be by way of an interim ( I e could be taken as early as poss) ...and thus a re-rate in the share price. 2023 will be transformational for BC..but just IMO...
Look at the reporting period...consider this was pretty much a start up...consider how we have developed since October...and look at the growth potential next year if all goes to plan...and Adam has a plan...simples...ho ho ho..
BBC News reporting that the UK government have approved the first new mine opening in 30yrs. The mine is in cumbria and will produce coking coal to be sold in the UK and worldwide to steel producers. Seems as though coking coal will be an in demand product for quite some time to come.
And if you bought your 40,000 shares via your ISA the potential ROI is totally tax free as is the capital value assuming a nice rise in the share price....what's not to like about that???...this time next year Rodney!!! Lol
Cheers
Ezzza
Only just looked in to see what appears to have been a disaster day. These sort of behind the scenes stuff make me very nervous...it's the potential for all sorts of skulduggery happening at the expense on normal shareholders/investors. I had a look on MBU's listing on Companies House ...I'm no expert but seems like the facility agreement with Bluestar was set up in April and the charge registered at the end of last month. I wouldn't think Global would be offering market leading terms so would hate to think MBU defaulted on the agreement. Funnily enough though MBU have just listed their accounts to the end of March 2022 too and on page 4 there is very positive views on their investment in BC. They seem to have had a good year too so why the need to borrow against their shareholding in BC. Odd!! Worried!!.
Cheers
Ezzza
BearD...nice post... particularly the last bit on the pump n dump bit....but you appear to forget that Ben is selling everything it can produce to Integrity...they want all we can produce...and we are producing...hardly a pump n dump scenario in my book. The drop in SP was a big surprise to many but nothing related to some sort of disaster within the company. The SP will rise again once peeps realise the fundamentals haven't change and the growth of the company continues...the announcement of a divi... regardless of the a punt this year will be a big positive...and AW is very positive...
Cheers
Ezzza
Wow!!! Just looked in and cannot believe the SP.....yet the fundamentals/plans of the company have changed not one jot particularly with AW having the foresight to grab another HWM as detailed in the RNS of a couple of days ago which I thought was a positive and good forward planning . Strange just isn't the word!!.
Ezzza