Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good point @Lindon
Also, it is in Orion's interests to not have a default and for BMN to succeed. They are long term players and know it is all cyclic.
I am rather of the opinion that whatever jitters SPR's investors may have felt will rather be soothed by this very substantial completion. It shows that the SA reserve bank had already completed its approvals (despite that not being communicated to the market).
I don't think it should be understated just how significant Orion completing is. I doubt we will be waiting until the end of Feb for SPR and would expect that wrapped up very shortly
Jan & feb production have always been planned & guided a lot lower ... so wont have planned 190mtv a week... be surprised if it was more than 120mtv for much of jan and a bit more for feb
Over 60% of annual production is in H2
7:55 - Begs the question that is SA naff off for 2 or 3 weeks why did no-one see it coming that 28th Dec might be a problem !
https://www.voxmarkets.co.uk/articles/will-house-price-recovery-kick-start-the-economy--701894a/
They will be Marc001... its not as if big funders can drop out at the last minute.
Last year the company confirmed to me specifically on Orion (but will be the same) that when the vote is called, all parties are agreed and bound. the vote is the gate. They would not be able to pull out without being sued.
And don't forget, they have already poneyed up millions in working capital (that they would loose) ..... it is a terrible look for SPR and any future companies looking to partner with them