Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bricks / Highside,
I've always backed you guys as I think your posts are informative and provide balance to the chat room. I was the first person to back Bricks when Chri5p had is outburst (for which they have since apologized for).
However I do feel like this thread is getting a little like X-Files with Mulder and Scully at the helm LOL.
Bricks, I'm sure they would rather have 20% of a working production mine than selling it. It's the best of both worlds. They get money for other projects and a revenue stream from what will hopefully become operational. Its a win win.
Through our SIPP 's and ISA's we all have made an effort to save for our futures and bar losing on POG my portfolio is still around 80% down. It's diverse and therefore tried to lower my risks but this war and our economic climate is crippling hard working individuals who try and to save for a rainy day.
Unfortunately it's not raining but one hell of a storm. However we can't let Putin win, because if he does no amount of money and profit in our portfolios will be of any use. It hurts but as a country we need to do our bit and help and see an end to this war.
I suspect the day traders will be moaning about the SP all day and the LTH will be relaxed and not worried about this. Yesterday was great news for LTH and I must admit I thought this deal wouldn't go through.
I think now we are funded we can expect the SP to stay around 3 to 4p for a few years. However I don't mind now as we have money to progress the Toral project and not run out of funds. Previous to this RNS I was concerned about the SP being low and moaned about it for a good year or so.
For LTH whats another couple of years.
Hi Scheds, good call on the 3rd tranche that is substantial. Yea I worked it out to be around that date but these things normally get extension after extension.
I don't mind extensions as long as we get there and can survive during the extensions.
yes its a worry that denarius have fallen 90% this year. Sounds like the due diligence should be the other way round. Maybe its a last chance saloon for both companies. They need us to survive and we need them to survive.
Chri5p, I think you're being unreasonable and rather childish. BricksSA was involved like many of us before you came on the scene and his input has been valuable over the years. He's not the type of person to de-ramp shares. However the opposite could be said of you who I feel takes a more subtle approach to ramping.
I think you're letting your frustrations and anxieties out on someone who's just sharing an opinion.
Cjen, I was tempted to average down whilst at this price to then try and break even if we managed to get to the 9p but I feel that 9p is 2 to 3 years away and my money will hopefully make a better return in these years in other stocks. 9p would get me to 25% down on my investment so willing to hold and wait.
The 9p IMHO would be OK given how much of the asset we have had to release to survive.
Good to see we're stable and staying above 3p. Hopefully over the next 50 days or so this will keep above 3p and if the deal goes through we will see an increase to the 5p's again.
Realistically I would expect us to stay at 5p for 2 to 3 years and then hopefully that magic 9p after PFS. Shame the days of a multi bag to 30p+ are gone but 9p is far better than 0.