Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Like I said, there's no certainty in anything and all that's left is speculation. We don't know the truth of matters and all we can do is wait and hope.
The company has clearly reached a flash point. There's lots of reasons to both avoid and punt, but that is only down to an investors appetite for risk. Until more facts are public, it is what it is.
It will be considered a major risk by any punter who does their own research. There is absolutely no certainty about anything. That's why it's volatile.
Tim paid homage to the Lasonde curve a couple of years ago, and by that timeline, Discovery of a resource takes 1-2 years He said we were at the beginning of that trajectory in 2021. I'd call time up on the CLP so I expect instant results with any drilling. Pressure is at boiling point now.
From what I understand of capital investment, it can take anywhere between 3 months to a year. 4 months in now. Is it going to delay us or cause operational challenges?
Got my hopes up then 😞
Well said Catbert
Bit worried that this Canadian bank funding isn't materialising. They need that money for drilling the CLP in September too right?
I've averaged for years and yet I am once again 70% down. FML
Ooooo actually just had a thought. Maybe the Canadian bank made them do it. Maybe they said "how are you going to support yourselves? We ain't giving you nothing until you can prove that you sustain yourself until that gold in the ground gets proven". That would make lots of sense
My assumption is that they sought advice before doing this. They must have said "we've got loads of good news coming and we don't want the news to fall flat because there are constant fears of funding issues." So they've either chosen this a way to fund personnel whilst waiting for the other funding to come through.
So who's advising them? Surely they are not winging it? This is why it sounds like desperation because surely the advisor would have said "so you could choose this option that's known as a 'death spiral'" because they had no choice and figured it was the best of a bad situation. If that's no true and the advisor convinced them this was perfectly fine they they need to be fired.
I reckon they also have offers on JV but the evidence they've provided so still warrants too much risk, and so the offers are probably small at this point to take into account that risk. Otherwise acceptance of lowball offers would also impact the share price and shareholder sentiment.
So, either it was a last resort, in which case keep calm and carry on. Or the board need to find an advisor or a better one. I'm inclined to believe it was the former, last resort.
The share price seems to have bottomed and if that Canadian money comes through they can proceed for some time and hopefully this will be a distant memory. They do have to do something to ensure the share price doesn't drop on news and it all depends on what options they really have. The market is just not normal and hasn't been for a long while now. It might require some extreme measures to stay afloat
I think this is why it could be a safe bet. Others who have used this facility may not have had a virgin district scale land package that keeps proving gold within it. Oriole are exceptionally rare in that respect, which is why we all hold an interest of one form or another
The sellers will come storming back as soon as the news comes in
both thor mining and amur minerals have used the landstead subscription. good news is they were a while ago and they're still around. bad news their share prices are the same as before using landstead. maybe they didn't hit the resource jackpot.
whether this was desperation or not there is most definitely hope. if they can fund themselves and drilling and stay afloat to prove the resources then this can and will still fly. the world is in and entering a bit of a **** storm and i'd rather they stay afloat to realise this project.
i'm sure they had offers but we're bid in the balls which would p1ss everyone off.
eileen has lost thousands in the last two days. no way she's going to let that disappear. do or die for them.
have faith friends. keep calm, carry on. we're still in the game!!
I think there's an underlying thing here that isn't being filled understood by the market. I mean on face of it this would seem like a gamble. Unless you had insider knowledge about what was in the ground (but couldn't be talked about for fear of market speculation). This approach has cast iron balls. Eileen also has a rather sizable pair. Add those together and there's a considerable amount of confidence behind all this.
There will be immediate effects but look ahead and a whole bunch of fear goes away. If news drops in that scenario I think their plan will play out.
Zoom out, fast forward. See what I mean?
That to me says there is enough JV interest for their money to be considered a safe investment. 25% is an awful lot of one's salary to put in on a "hope". They know something....!!!
Oh dear US inflation gone up. More rate hikes, more bank failures to come
Looks like impatient traders are selling up to come back later as there doesn't seem to be any imminent news on the horizon
Positive that manegem are picking up tools an continuing with the earn in
That has to keep climbing now with a potential pause in fed hikes
Should be £30m based on all the recent updates
Smashed a ceiling, next stop is actually 0.4