Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
He’s at it again…
5.19 RNS
Https://www.londonstockexchange.com/news-article/PREM/director-loan-update/16077520
The FM is only being used as a delaying tactic.
Its legality or validity is irrelevant in this instance as it’s only (in my view) being used to get us over the line in terms of production and revenue.
It’ll take months to be heard at arbitration, by which time we’ll know if we’re a producer of spod, or just bags of mica.
I’m sticking. Not twisting.
Please post the link to the RNS where that quote was originally from…
Also, the FM is a class delaying tactic. We’ll sell to them and deliver on our commitments as per the contract. The FM gives us breathing space to do that.
Without it, we’d have been on the hook (today) for 34m+interest.
Now we have plenty of time to prepare enough product to ship when the arbitration orders us to, or when we pull the FM back.
It’s perfect.
We’ll be running at 50% in 2 weeks time. Plenty of cash coming through after that!
I’m a LTH, ridden out all of the recent storms and read all of the chatter about how GR has messed it all up.
I don’t agree.
I think he’s played a blinder and will continue to defend all of our interests (apart from those of the de-rampers).
Bring it on.
I’m down 98% here on Echo - I cant see any news that’s made it jump today - anyone seen anything?
Thanks.