Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not defending Homey but his point about announcing no more dilution repeatedly and then going the opposite is valid. Trust gets eroded. I am all for expansion but what is the plan? Hopefully its a game changer and all will be forgiven.
ATB
Frog
I'm still suggesting weak buy just because of the potential with JLP. As someone posted many years ago, I think it was TG5, with this much potential even Jubliee cannot mess this up.
Homey, I am in agreement on most of your points. Trust is a really serious issue here. If there is intention to raise capital via dilution or grow the market cap as such then say so. Don't publicly state it is not. I am prepared to await the reason for this raise and make a decision afterwards but I am now starting to doubt my own long term strategy. I agree that there would not be a relatively expensive meeting called just as a box ticking exercise. There must be a specific reason. If none given I will also vote no. Leon and Co must now start releasing much more informative news and not rely on us joining the dots. Yes, Slater took a chunk at 16p which is encouraging but he won't hang around if his stake keeps devaluing. It is high time the new world dominating strategy was unveiled and made clear, high time we had a plan for Tjate, and high time we had a plan for Kabwe that actually shows what we can achieve. Get on with it Leon or you might feel my boot up your arse next month,literally.
Frog
@dorfan - good afternoon Jack, I am aware of your history and therefore have considerable respect for your views. I do trust Leon from a technical ability aspect but question this announcement a few weeks after we were led to believe that we are generating so much cash that we would not need to raise. My conclusion, also posted elsewhere, is that a significant (LC loves that word) opportunity, or deal, has arisen somewhat unexpectedly and that it could be a monster.
@Homey, whilst we do not always see eye to eye I also respect your views. Your slightly negative/realistic/distrusting posts are often proved to be closer to the truth than some of the ever hopeful fantasists that post here and the other place.
Thank you both for your invaluable contributions.
My point in my post was that if this turns out to be another smoke and mirrors deal that simply dilutes my not insignificant holding then I will be extremely annoyed and likely to vote with my feet.
All the best
Frog
morning all, my first thought was this must be something big. Then I remembered this is JLP ! If Dorfan is correct, which I believe to be the case, then I am happy. If Homey is correct and it is just another dilution to buy some more dirt, without spectacular news added, then I will probably exit my long position here for good. My patience is not infinite.
ATB all
frog
I find myself agreeing with Homey, always a first. Birdie and Leon had a bust up, Birdie does a runner, JLP try to make it sound like it was planned. I am fed up with having to guess at everything with this. And dont get me started on Kabwe. Anyway, Christmas parties beckon, I wish you all Seasons Greetings and see you next year!
Thank you Urban Racer for your excellent summary
I quite agree Dorfan, I don't need my arse wiping but expect to be updated by the company, not have to trawl around looking for info. I am getting fed up with being kept in the dark to the point where I am contemplating reducing at the end of the year.