Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Only think I might caution given the issues in BMN expansion and rather large cost increases, is that having the capital in place for the Capex is one thing, but invariably a whole raft of other costs get added in on the way.
For me, the picture looks solid, on plan and going well, but I rather expect (only born of past experience and not because I have any great ATM insight or additional inside knowledge), that there will be higher operating costs associated with the expansion phase.
Just my two peneth to temper thoughts
Been on my radar a while and going to listen in to the IM in 15 mins ... the report last Nov is really pretty comprehensive and makes for a solid read. Not sure I see much more than a slightly undervalued high dividend payer right now. Just the very high exposure to two big supermarkets and current 'cost of living' headwinds to be rather more clear on.
https://rtfilesprod.blob.core.windows.net/originalnotes/supermarket-income-reit_32856_20231106.pdf?sv=2019-07-07&sr=b&sig=0Yote%2FZFuLWJOA%2BM%2BrxzHyuOWJL6JVxh7kfN9PpD87k%3D&se=2024-03-15T10%3A48%3A20Z&sp=r
@Sue (GND) ... My commiserations, won't be there. I shall be raising a glass or two mind. I did not always see eye to eye with Paul, but he faced his mortality bravely and kept going to the end ....
I hope his long term vision of the SP does you (and all of us) proud
All the very best to you and your family for the future
Makes you wonder if there is a load more background buying going on ... all seems the big risk has essentially been removed. Arguably the balance sheet is stronger with a non-repayable $12.5m zero interest loan and still holding the share certificate .. none of that is reflected
@ClarkG ... mmmhh .. interesting spot .....
I have no direct evidence other than we do know at least half was sold down. Can't remember where, but I thought KS had not sold all ... so if todays add is to 30-33m . 100m shares ? ....
The man is a trader .. maybe this time he will make a few quid
He just posted on Twatter .. bought 67m at 1.3p ... does this make his holding around 100m ?
Funny how all that buying dropped the price !
https://twitter.com/kamsattar/status/1764647682767814889
Yes Lindon "A story right out of FM’s historical scrap book in fact"
I recall the late Pdub saying many times that in time when the 'story' is written it would be fantastical. Well, certainly a tale of over ambition and under-delivery, vaunted hope, bad luck and market timing
The sales are not complete as they are all interdependent ... quite rightly stopping SPR just waltzing off with Mokopane (for example) for the value of donut
Its a whole package .... so I am pretty relaxed (just irritated).
As for cash, they have cash from the fund raise. It is just earmarked for the works planned (obviously)
there is no doubt spr will eventually pay up .... the text in the rns tells something i had not realised.... "..assuming, receipt of final funds by 14 march 2024, the company will have sufficient working capital until it receives the consideration due to it following the completion of the sale of the 50% interest in vanchem and its 64% interest in mokopane."
in other words.. they don't own half of vanchem or mokopane yet, so if it all goes **** up everything (rather more than the $9.5m) is possible to loose (along with their reputation
it is acacia that are playing naughty ...