Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have some hope after JM took on his new role as hopefully he can put a rocket under Mark’s lacklustre approach. We have wasted far too much time over the last ten years and managed to miss the era of cheap credit. If nothing happens soon then I think I’ll sell up as I am bored of the MC spiel and lack of results.
It would be good if the BFS was soon but I have my doubts it will be. This has been a terrible year for CNR, whilst the wider market has fallen, CNR has managed to exceed its previous record for crap PR with delays, lack of news and media-silence. The dull presentations by MC are embarrassing now with their monotone lack of information, we need proper news and capable people in top positions.
Why would someone want to buy into a company that has failed to deliver its BFS on time and the timescales still appear very unclear? Sadly we have had 8 months of nothing happening, MC needs a rocket putting under him to make some progress.
Another 2 or 3 months is a joke, practically a year of nothing happening. MC has managed to time this project with a new era of global recession, higher interest rates and Nicaragua making itself a pariah state due to its ties with Putin. Sadly I don’t have any faith that it will be ready in 3 months after his endless delays and failure to progress.
EL agree totally, we need clarity about timescales and next steps, ideally the BFS in the next month or two at the most, progress this year has been poor and we need better communications and presentations rather than the same tired old slides and vagueness over land.
Surely the cleared land must have a healthy growth of weeds and shrubs given the lack of activity this year. I am starting to wonder if a 25 year concession is too short for CNR to do any mining and the mill will have rusted away by then. The lack of progress on the BFS is getting ridiculous now, another wasted year for CNR.
Sadly I would agree, a BFS scheduled for the end of March is now due by the end of September (possibly), the explanation of delays and companies in the data room are unexplained in any meaningful way so who knows if they are true or not? The share price will fall and MC can issue more shares to his mates at basement rates, no other shareholders will be invited to join in. MC will continue to collect his salary for giving water out to the villagers and some people will believe his tales, I have lost the faith after too many years of disappointment now, another year of inactivity has passed by, we are not shovel ready, we do not possess the land, we do not have a 5 or 10 million district as we have proved up nothing.
Our website looks amateurish and dull, sadly the company is just a one man band in its publicity and MC doesn’t possess that much charisma to carry it off. Meanwhile another month drifts to a close and no news has come. Is anything happening on site? Is any drilling planned? Must be time for another fund raise soon and some cheap shares for his mates, though perhaps even they must be wondering if the lack of progress is worth further investment.
Seemed like the PEA date was wrong in his slides saying it was in November 2022, maybe he was thinking of the BFS which there is still no sign of? Still seems to be claiming we have 100% of land. Some real news would be nice after another wasted six months of nothing appearing.
Perhaps we would be more supportive of MC if all shareholders were invited into the bargain placings and warrant issues, rather than a select few? Who knows, he might even raise enough cash to buy all the land and drill enough to prove up 5/10 million ounces, anyway you keep up your deramping moaning as the years drift by.
Yeah MC has shown the “derampers” by failing to produce the BFS in the timescale he promised and not having the 100% of land that he has said the company has, a triumph by MC, you are so deluded that you will paint anything as MC being great when the reality seems slightly different to our eyes. Only another couple of years to wait I am sure…….
The BFS needs to impress after all this time, I really hope they get other people than MC involved in presentations as he doesn’t generate much excitement and his words have been misleading recently. The lack of news this year has been very disappointing, a toll deal would be fantastic but I doubt it will happen.
Progress needs to be speeded up this year, too much time has been wasted.