Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Still a relatively small free float, JS invested personally, fairly slow take-up of ITX ingredients but then reasonably 'sticky' demand for re-orders. So much about this company to like - I just hope that the margin income is adequate and the firm or not too reliant on volume.
Good to see continued efforts to discover new applications for the acquired knowledge bank being accumulated by the team .
A bit of a reality check is needed, IMHO.
1/ cash burn - the extra lifting/tubing will incur an extra cost - but hopefully a subsequent increase in income.
2/ if 3-6 months is anticipated for the JV, why expect it in 2 months? Do you not remember the speed at which matters have progressed in the past few years? If 3-6 months is stated, then that is fully what I would expect.
James
Technically correct, for 2 reasons.
1. Funding is agreed in principle, subject to certain conditions, but hopefully should not be a problem. Banks still need to lend to make some margin income.
2. If I remember correctly, SD stated we should be in a position to be fully funded - but a caveat around no substantial changes to costings. I hope that the FS does not deviate costs too much from the PFS, but with production of gold getting ever nearer, you would hope that this would not present any major difficulties either.
Everything should be pulling together nicely - saying we are not fully funded is just like comments 12 months ago that there was no definitive decision to mine - but there was a dirty great hole in the ground, and commencement of a mine shaft in place.
IMHO
Thanks AJP.
If I read it correctly, J Shaw has the potential to be one of the beneficiaries under the arrangement by way of shares, and he has shown himself to be a staunch supporter of the company (obviously, due to his current position and substantial shareholding).
What is there not to like?
IMHO
Maybe not that important a matter, but it is good to have the facts.
Now had a telephone response from FinnCap to say Revaluation of Deferred Consideration was extended to 2022, and it was in an RNS. Should have asked for the date as I cannot see what date when scanning through, but maybe wrapped up with other information.