Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
lend me a ‘monkey’ so I can buy even more
Soz, yes 0.1 lol
Jung , I agree entirely on your statement about the placing overhang and previously had that as clearing by the 02nd October.
Ps, CF I hope that the ‘group’ are good and that some positivity, albeit realistic posts can again shine on this BB
GLA LTH
Cheers CF. Finally, book is looking really good for once. Onwards and upwards.
Let’s get to the first marker, 0.01 for starters. Although expect to see that before the RNS - black and white confirmation.
Agreed Mohh and strongly believe at lot of LTH will be averaging down this week. Including myself. GLA
Traders grabbing their 10% and waiting for the next dip
At work. Any one got the charts on these projections / predictions ?
GLA
Oh bitter sweet irony.
Bless you Slean
Smiling like a Cheshire Cat. I always believed (knew) that EU law supersedes this act, that this act could not take precedent over article 50/Lisbon treaty but I would never have been able to endorse it so eloquently.
Happy damn Friday.
I feel Bojo will tie them (remoaners) up in knots, for how can they argue with EU law, their whole belief system and integrity would be shattered.
Roll up roll up, pound pound for your tickets. No popcorn needed.
Banksy next piece will be the chimpanzees flanking on the SNP, Labour and Lib Dem side hanging upside down scratch their heads. Now that I would pay £9 million for!!
Another reason why we should leave the EU with immediate effect, I mean left, by law, 5 months ago!! French madness French company liable after employee dies during sex on business trip https://www.bbc.co.uk/news/world-europe-49662134
CF,
"If I remember correctly, owing to our own market cap, we couldn't take a more strategic position in MNH as it would have consitituted to reverse takeover and meant a necessary suspension in trading - for whatever period - something that would have affected operations across PREM. This is what it had to be a loan. But am of the view that this relationship with MNH is towards that strategic position/stake/purchase. But happy to be corrected."
Absolutely correct mate that's why I originally wrote "Horse it's just a 'loan', at this stage. Currently, we do not own any part of this new venture." Our Market Cap has a very long way to go before we can get remotely close to that dream.
Fair play CF. Point now understood.
Something has got to give in PREM before we implode and shareholding completely diminishes.
Think I and most have written off 2019 and placed these shares in the bottom drawer, without electrification (Q4) and a non producing RHA beyond such, along with cash generation of this loan (Q1) this SP is going no where.
GLA CF and LTH
CF, nothing has changed - the issue price was and has always been the same. From 12th July (admission) too now, 28th August the market have orderly sold 1,009,889,850 of issuance. The MM's have been absolutely manipulating the share price and spread price during that time, with genuine PI's holding never reaching no where near a sale price of 0.45.
In regards to 'loan', absolutely but it was the distortion of RNS that would have some believe it was more than that.
"expansion" - no, it is not expansion it is a frigging loan.
"Diversification of country and commodity" - used in the MHN paragraphs. So its not used or stated correctly, it is merely for referenced to the current assets owned and wording conveniently mis-placed/mis-used.
Horse it's just a 'loan', at this stage. Currently, we do not own any part of this new venture.
"With effect from 1 January 2020, and on the first trading day of every month thereafter until the Maturity Date, MNH will repay a minimum of 10% of all outstanding amounts under the Loan to the Lenders"
Fingers crossed CF.
Like most, I am massively out of pocket from this Share. Still, it's a long wait and we have a heavy reliance on both the Zim Gov and Third parties. Personally, I think that WE need and must account for delays, so one hopes that production starts this side of 2020.
I also note that an earlier post alluding to a Placing has since been deleted. That worries me.
As we (LTH) know full well, GR has a track record of making a placing after some form of RNS that remotely conveys positivity, in this case, long term positivity.
The spread clearly highlighting the volatility of this Share and its Share price
GLA LTH
Fingers crossed CF. Like most, I massively out of pocket from this SP. Still a long wait and heavy reliance on Zim Gov and Third parties. Personally I think that they and WE need to account for delays, so one hopes production starts this side of 2020.
I also note that an earlier post mentioning a Placing as since been deleted. That worries me. As us LTH know full well, GR has a track of making a placing after form of RNS that remotely conveys positive, in this case, long term positivity.
The spread clearly highlighting the volatility of this Share and its Share price
GLA LTH
Clearly people have been brought in (bought) to try and gently persuade innocent PI's to buy into the MASS rinse of those shares fish. Shocking behaviour by those posting today but are we at all surprised.
As for GR's latest attempt to appease, be honest and justifiably answer many opened ended questions was not far short of abysmal.
I awaiting the AGM result, the subsequent churn of those 'NEW' diluted shares before I even consider averaging down. GLA LTH
Double checked to make sure II had completed my wishes as instructed. Done.
GLA LTH
still trying to believe, i just need to vent and rant my anger/frustration. ATVB
NIEEF have reaffirmed their commitment to provide additional RTGS Dollars based funding to the extent this is reasonably necessary to bring RHA back to production. Further updates will be provided in due course." Nope and based on all questions and concerns, highlighted above.
FUMING….
PS. Shiny – SP 17% down yesterday, not my share value. I am thousands and thousands out of pocket. No so 'lucky' in my book
What is this guy trying to do to our SP. Looks like a rushed RNS with very minimal detail, leaving more questions than answers, either to appease, weather the storm before 05th Aug or for a plug to raise needed capital, leaving many blinkered here.
· Order to electrify RHA has been given, ZESA has been requested to commence essential works immediately. IS that your imminent (immediately)? When? How long is a piece of string?
· Essential in-country repairs to commence immediately and plant upgrades to be both commissioned and ordered. In-country - Where? When? How. Plant upgrades – where, when, how even why?
· RHA is now considered a priority project for the Government of Zimbabwe. Great, but define priority in a timeline or timeframe? Is this Zim Gov priority the same priority when you, GR, put your foot down for 90% ++ ownership of RHA? Some 18 months ago? CONSIDERED = vague in my book? ‘Priority – so where are the remaining funds from the Zim Gov, if such was the case!
George Roach, CEO commented: "We believe the value of the in-country funds provided by the Zimbabwe Government to support this project has still been generally misunderstood. Nope!
For example, the Zimbabwe Electricity Supply Authority ("ZESA") has now quoted to electrify the mine at a price which is only approximately 30% greater in RTGS Dollars than the original quotation (SO more cost than first thought, with no additionally funding, where is all the money coming from?) that was denominated in US$. And, approximately RTGS Dollars 1 million has the ability to discharge debts of RHA previously incurred in Zimbabwe of approximately US$ 1 million. AND…… Feel something is really missing here, so my belief it was rushed. WHAT are the debts for, from what date to when, what is the run rate thereon, when are we going live FFS.
Whilst it is not certain that the funds provided to date will be sufficient to bring RHA back into production as planned – Wow really, just wow, kick a man or woman in the privates whilst they’re down!!!
it is certain that the payment by RHA of local operating costs within Zimbabwe has not been seriously adversely affected by the funding in RTGS Dollars, particularly in regard to transactions involving state-owned entities. And on the basis that RHA will seek to delay a decision to construct the planned decline shaft, any shortfall of funds is expected to be further limited. “RHA WILL seek to delay construction, WTF already…. You sh**ting me or what. So part money is in, debts not paid, ZIM gov priority, you’re dinning and travelling at free will, at the expense of PI’s, we’re incurring further costs, no production and no timeframe for electrifying of RHA………RHA may then seek to DELAY!!!!!