Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Gabriele just lost their case in part due to such issues. I want to ask short questions on many topics.
1. Is litigation mentioned in sale docs.
2. Local opinion on litigation
3. Gov change in dec 2023.
4. Does auction result limit value of claim.
Good morning.
Are there any questions you would like to ask to the ceo?. I am trying to arrange a call next week, hopefully next Monday.
I often reach out to companies and the good ones agree.
I plan to ask about red flags around the project ( local opposition, environmental issues).
Plan for managing active assets vs litigation.
It wont get approved.
I went to the agm. They were aitting there scared of protesters.
3 old guys who were afraid to even have questions raised.
When you attend an agm and meet the people you realise what it really is.
A good point.
The ramp up is also dependent upon installing concentration units. That is because the grade is not high enough.
The question is will people invest to allow them to show their operation can run?
I am frustrated with this one but still monitor to see if progress can be made
To clarify gabrielle - lost
Apologies if confusing
Https://icsid.worldbank.org/sites/default/files/parties_publications/C3765/Claimant%27s%20Response%20to%20the%20Respondent%27s%20Requests%20under%20ICSID%20Arbitration%20Rules%2028%281%29%20and%2039%281%29/Legal%20Authorities/CL-13.PDF
Information on timelimes. Quite good on average.
Once they have hearing takes over 1 year to get answer. But we can have lovely run up to 20pct of final claim qnd then derisk!
How is a vat refund a long term solution.
You pay the vat on inputs. As we increase production the money again will get tied up with the gov.
In steady state production we will always have a vat receivable. It is not like this is just cash we can freely spend.
I see they lost.
Is anyone else thinking about derisking and moving profits to pat.l?
I follow lit and recently took a position in pat.l.
From what i see they might make a claim of circa 1bn usd vs market cap of 11m gbp.
Sounds like greenx from years ago.
Normally a ceo who is invested ( high share) is a good thing. The issue here is the ceo cannot stomach dilution because the thinks about the impact on himself.
Yup dilution is hard. But when thw price was higher. Consider JV. When you know you have limited capital take the hit.
Classic case of kicking the can down the road, waiting for the world to pat you on the back for what you did. Build a mine, buy new resources.
The market is brutal, if they know you are cash constrained they will bleed you dry.
Last comment.
Wft are you wasting money increasing reserves when you have non working capital to get ebita positive and raise debt.
For f::: sake!.
Do you think telling people you are spending cash on irrelevant thinga is good. The comment at end says basically, the good news is going forward we will not be spending cash on this.
Why did you not keep cash in reserve so you could sell your output!
The difference here is other companies can attract capital. Before building the mine they went out an professionally obtained offtakers. Clear relationships, with commitments for product with cash upfront.
For some reason tgr cannot get anyone to lend them money. For whatever reason this is, the company is in a bad place.
If you cannot ramp up, you cannot make money and you bleed cash. Alternatively the city let it drift and then offer you money with massive dilution.