Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The other point to consider is "how good is our coal?"
There are a lot of references to trial shipments - why is that?
Bullish - I hope you're right, but we were discussing on here back in early May about the placing, new investors, potential positives etc etc. Unfortunately a number of long termers have seen it all before, many times.
I suspect, but clearly cannot prove, that a fair number of those placing shares have been sold on the drop down to 22.5p. We were at 38p on 5th May.....
Gwynwin - I accept that, but what were the excuses between October 2017 and March 2020.....?
There was lots of talk of 10,000t per month during 2018 in our RNSs.
Pi - with regards to rains, depends who you ask
Our single rainy season is October to April/May
https://www.tanzaniatourism.go.tz/en/tanzania/facts/climate
Yawn...more jam tomorrow.
I suspect the ILTL deal us dead.
400t in two weeks and ramped up production, but still nowhere near where we need to be.
I just don't see the point of that RNS personally.
I suspect those results are already priced in at this level.
Group operating loss has actually increased over H1 2020 from c£570k to c£585k driven by higher cost of sales and higher admin expenses.
£28k of revenue in 6months.
And not much to go on in terms of post period sales updates.
We'll just have to wait until June 2022 then....
Teaye - I suspect it is still the drip, drip of placing shares......
That bid looks like it's going to drop if we get many more sells over the coming days.
Need some positive news Alistair
I've been expecting things for years, as have others.
We've spent millions and achieved.....what exactly? Nothing in terms of shareholder value. If you're a long term holder and not traded or averaged down, you must be looking at about 5% left of your initial investment. If all my investments did that I'd be living in a tent.
Our business model was built on RCPP as far back as September 2013 (the scoping study). We then got RAFCO on board to look at investment partners, Lahmeyer undertaking the Power Plant Feasibility Study, Sinohydro etc etc.
September 2013 RNS snippet " We will also engage in discussions with TANESCO and other parties regarding a long term power off take agreement."
August 2021 RNS snippet "with discussions with the Tanzanian Government on power station supply options planned for September 2021."
In eight years we've seemingly achieved little towards the RCPP but chase our tails and go round in some very large and expensive circles.
It's the guessing which brings frustration, which brings the dissatisfaction, which brings invested people like me to look back at the past and feel like we've never really moved forward since the excitement of the Scoping Study and the hope for RCPP...eight years ago.
And worst of all, the market sees it.
Only our BoD can change that - jam today RNSs needed Alistair.
Where have you been since March 2010 Sausage?!!
There is zero confidence in our RNSs - zero. The market is not stupid. I read posts on a few other boards where I have shares on my watch list and some people post things like the market has missed the true value / hasn't woken up to this yet etc.
The market misses nothing and at the moment with us it's, still, all talk and no substance. Until that changes, why would the market see any significant increased value in us?
We've been talking about 10/12000t per month / CFPP for years - and delivered neither.
But the BoD will all get paid...
Every single day this goes on we're looking more and more like an AIM lifestyle company for the Directors. They have to change the market sentiment.
No, they can do post period highlights etc - in fact anything can go in the RNS if they consider it material to the share value.
Yes, I think we do all agree. There's one thing having silly disagreements over a share but people's health and wellbeing is far more important.
Speedy recovery Aerial.
Really positive interview on Radio4 this morning. Talked about our H1 results, ncreasing revenue, increasing NHS numbers etc. All looking very good here. GLA
Agreed - we are a coal miner who cannot break even or realise profits because we cannot get the economies of scale from our mining.
It has always been the issue and there is nothing, yet, that suggests it can change. Perhaps ILTL have seen that.
Frustrating times, still.
Sausage - it's just talk until anything concrete is anounced. And, yes, it's been talk since October 2017.
It's the same as the CFPP. The whole business model was set up around RCPP back in 2013 when the Scoping Study results were released. The Government then pulled the plug, then it was we'll make a success just as a coal miner, which we've failed at and now we're talking about a CFPP again.
That's one great big circle.
I also need to dig out the very rough calculation of how much coal a power plant needs - it is huge amounts, upwards of a thousand tonnes a day for a smallish plant if I recollect. Therein lies another challenge.
Since we started washed coal production 4 years ago we have lost money hand over fist - millions - all funded through dilution. Not that the BoD have missed out.....
The August RNS was yet another hopeful news release. Until we get some proper actualised figures on sales, revenue and profit, it's all still conjecture. I suspect those figures won't come to fruition until our Annual Results (summer 2022....), but I live in hope.
I assume you mean October 2021.....
No, there is still up to a month's extension under the Covid flexible approach to AIM Rule 18, but it has to be RNS'd if they agree an extension. In theory they could do that anytime up to the end of the month.
Well, PIs have been waiting for almost four years since October 2017 for those aspirational production figures.....
Although tomorrow never comes...
The risk of course is we mess around for yet another year and simply burn cash. There's still a lot of noise and talk in our RNSs.
"For the next month the Company expects to sell a total of approximately 2,000 tonnes of washed coal, with sales increasing towards 3,000 tonnes a month over the next few months, without including any additional orders"
And then it's the rainy season.
Not even a mention of ILTL in the August RNS - is that deal dead?
Sausage - I don't personally see a placing coming, but I do see potentially poor H1 results and minimal update on actual sales, as opposed to the jam tomorrow RNS of 24th August.
I'd also like someone to show me where the actual concrete commitment is for this CFPP. It is still all talk, as it has been since 2013. By the time somebody commits to building it we'll be using nuclear fusion power.....
"Expected, positive sentiment, potential, up to, further testing, continue to pursue, continue to pursue additional supply opportunities, continues to review"......
Perhaps if the BoD gave us something more tangible and concrete in our RNS updates the market might start to recognise it in our share price.
The question is, what have we actually achieved in H1 this year? Not long to find out. GLA