Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Derisk
My take, from reading all the RNS, and watching all the interviews, is that Dalafin May be sold separate to the rest, if IAMGOLD decide to build their Boto mine. Tim Livesey seemed pretty clear he wants to Derick Cameroon as much as possible on his own to significantly increase value before selling.
Possible positives
1 Dalafin drill results
2 Bibemi trench results (due Q1)
3 IAMGOLD mining license for Boto (due Q1)
Theyll take 3.5m in one go at 0.384
Intimacy also works
IAMGOLD RNS today. Plenty of mention of Boto. ‘In addition, we plan to continue exploration of targets near the Côté Gold and Boto Gold development projects, and advancing our industry leading portfolio of advanced to early-stage Greenfield projects’. Plenty of risk here, but plenty of reward possible.
From Twitter, IAMGOLD enters $170m prepay arrangement to help execute growth strategy.
https://twitter.com/orioleresources/status/1085460569702965248?s=21
Possibly a buy order in, can sell 2m at 0.403
3.7m of these now. Upside and downside to consider. Regarding expected updates, I think Cameroon trench results first, results were hoped for end Dec/early Jan. That was the timeframe expected even after increasing to 7500m trench. Dalafin results were expected from mid Q1. Tax rebate - anyone’s guess. CEO had mentioned a raise off the back of results. The unknown is the investment decision at Boto for Iamgold. If they go ahead I think the handbrake is off here.
RC drill results Dalafin
Trench results Cameroon
Tax return approx £500k
Got £300, anymore was over the ask, nearly 2m of these little blighters now
now NT on £500
anyone got L2
tried to buy £1k's worth, quote 0.4715
Seems a reasonable RNS. Market don't seem to notice or care.
The Company therefore proposes to cancel the whole of its share premium account in order to generate distributable reserves of approximately £1.295 million, which would enable the Company to pay dividends (should circumstances in the future make it desirable to do so) to the extent of the distributable reserves created but subject to the financial position of the Company and its prospects at the relevant time and any undertakings given to the Court for the protection of the Company's creditors at the date that the Capital reduction becomes effective.
Cant see anyone objecting to a dividend. Thought there would be a little more excitement around BRH. Probably a lack of tweets with rockets and volcanoes etc.
Was there not a large sell of 14m shares and exactly the same number bought last friday? In which case the buyer would have to report holdings within 4 days (ie today). Is this what others understand or am I way off the mark?
Will there be another TR1 showing who bought?
expected today, could be monday. Who offloaded that chunk?
I just paid 0.86 for 233000, dont think its showing