Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There has been some discussion that we cannot move to next stage until we have waited 6 months.
I have checked with ceo and this does not apply. Per the email below. So the decision on when to move to the next stage seems to be in our hands!!
Hi Mark,
The provision cited in your email below is Article 13(2) of the Australia-India BIT, which is a requirement that applies when there’s a dispute between the contracting parties, i.e. between Australia and India
This dispute is between an investor (Indo Gold) and a contracting party (India), which means Article 12 applies. Under Article 12, there is no codified minimum period.
Thanks
Mark
Kitrash.
The RNS is perfectly fine. This is an arbitration play that might take 3yrs to complete unless we settle early. Nobody can do anything until the process formally kicks off.
If the ceo was on a beach having a pint i would be delighted
i agree that we will not delay activating bit based on promises. i only think negotiations can start with this running in parallel.
not making a fuss about our claim while they are auctioning also makes sense.
in general we do not want a big hoo hah in india if poasible.
not ******* off the other side is important. in the end negotiaton is about finding the least worst outcome and agreeing.
so as annoying as goi are we still nees to take the moral high ground and keep negotiation open
Ed. I think you hit the nail on the head.
Once nice thing is we updated the GOI estimate to 7.2m oz ( previously we quoted 6.7). This reflects the latest drilling. The copper might get us to around 8moz equivalent.
Personally i want them to exhaust all channels for settlement so this is positive for me. It might imply india has not responded or has not rejected communications.
Seeing us quote a higher gold estimate is nice.
I think this is all rational.If you are/ might negotiate.
You do not want to release some big claim. That hits the indian press and it makes discussions more difficult.
Also GOI needs to see who is interested and how much they can raise. We also need to know thier position
Negotiations can only start when both sides know their situation, and you want to discuss without this getting political ( as much as possible)
This is what i expected.
They kept their word Q1 update
If there are negotiations they are confidential
The treaty asks for a period of negotiation so they are resepecting that.
Most likely they are waiting for auction. Why release damages until you see that. You dont want to under shoot
I will make that one easy.
Lcm will 93 pct of cases.
Lcm are funding pat
Pat have huge tier1 gold.asset taken by gov of india
Indian press is saying it is worth 1 bn usd. Broker is more conseravtive at 750m usd.
Company trades around 15m usd so 50x if they get broker estimate.
Investors are waiting to find out the size of the claim.
Normally these mining litigation assets trade up to 20pct of claim value, however a final decison takes 3 to 4 years.
They might settle early
Queensland power. Was quoted as being a 1bn aud class action in press. Think we are on 20 to 30pct of award. Should be heard around mid year
Oct 2023. It is latest one on site. If you subscribe hopefully you see latest.
No smoke an mirrors from me. The quote below is from last results.
Pls dont be angry with me i am just pointing out something they wrote. Their words not mine.
Why do i think they need alot of capital. They wrote it down.
Nope.
He said it publicly. Watch the vid.
So i reasked in calls. Nothing wrong.
Look at the video. Did he say nondilution. Yes
Did he do raise yes.
Was he saying no raise while writing about a raise in official rns.
Feel free to insult me. But i posted the facts. Watch the vid. Read the rns.
This is not me it is the company
The Company continued discussions with various potential lenders and it has structured an instrument for raising convertible debt of up to £6,000,000 for meeting its working capital and investment needs for ramping up production and sales at its Madagascar projects.
From unaudited results. Written in black and white ( hidden at end!!).
They dont need a couple of 40ft containers at 25pct premium. They need capex for concentration units and the money for working capital to produce output.
They shouls nevwr have purchases new projects
That took all the caah out of the business and then they cannot ramp.
Or they shouls have done a convertible at higher price post completion of aquisition.
How are you going to generate 6m gbp organically, can do but it takes time and luck with pricing!
Https://www.investormeetcompany.com/
No problem
Register for free and select the company. Check out recent meeting. Goto q and a sections. Where people ask about non dilutive financing.
You will find it.
After this have a look at resent results rns's. Do search for word convertible.
Happy to help