Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Starbright
I accept some of your points - or the sentiment - hold a degree of validity.
Hydrogen - you have frequently added a great deal to the discussion, maybe having become increasingly defensive of the company/shareprice/share action - doubtlessly largely due to the increasingly vociferous attacks by those providing purely negative views.
Starbright, GGP would only need to show that they could fund their 25% of costs through to the point that income starts to be achieved from the mine, so I would hope that SD has sufficient headroom in the bank term sheets he has been thumbing over.
IMHO
Thank you all for your tenacity, belief, consistency.
Sometimes a little OTT and maybe confrontational - but what else can you do in the face of a concerted attack?
Helped so many of us not to compromise our shareholdings and capitulate.
Stebol
I thought that too - a reduction in overheads.
Additionally, not all of the USD50m loan need necessarily to have been drawn by mid-Feb, so extra cash would come in very useful for ongoing exploration and mine-building.
Thanks Bamps.
How big a problem is the Dyke and its position/incline?
Is it completely "in the way" do you think?
Might it be supported and used like an iron girder to hold back the rock above whilst mining below? Or is that too simple (or costly)?
Thank you Bamps.
So there are excellent grades at depth, and having a low AISC for the mine should mean that it would be highly probable to be economic and profitable to extract - coupled with NCM's expertise and continuous innovation in deep mining methods.
I guess it was as true at 38p as it is now at 13 point something pence - hindsight is such a wonderful thing - to say that there really does appear to be a disconnect between the share price and what is happening to the assets that underpin it.
For the first time, I am wondering what tomorrow will bring - small increase, stagnation, small decrease, large increase?
Guess we just have to be patient - having a huge gold find must count for something, even in a disconnected alternative universe.
SaS
Looks like an excellent idea to permit a gradual increase of permitted daily/monthly posts - a bit like an allowance. Maybe then set a maximum per month for everybody. Would hopefully make more posters think about having a measured approach to what/how much they say.
Problem might be with a perceived muzzling of free speech, but surely that would be a better alternative than what we have now.
Much talk about share price manipulation, more than halving from top, multiplying several times from the bottom, short-termism, etc...
I feel that just a little more stability and steady improvement would be welcome, but then we are at the mercy of 'the market', whatever that means nowadays.
Mickey
I like your posts - albeit often overly optimistic and very generous in share price expectations for my liking.... but you certainly hit the nail on the head with your last post....
I think the RNS told us enough initially, but the level of uncertainty now shown by many shareholders, and the fact that SD recently stated he was not considering a placing to be that likely and now we have a placing, it would be good to hear his more detailed explanation of what has driven this move - or as much as he is able to say.