Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Excellent update this morning, a little better than already high expectations. I work closely with one of DB’s former employers and while I have no direct insight into Darren as an individual (other than in my capacity as a MTL shareholder and the in-person experience at the MTL board meeting in London a few years ago), I do know the type of institution he came from quite well. He is a bona fide mining company growth CEO, so we are in good hands. His conviction, aspirations and track record are a solid combination. Full disclosure, I top sliced a couple of modest tranches of my 6m+ this am, for cash needs. Still in very deep here and happy to be so.
Does JWBellamy have a position in MTL? His observations have been repeatedly addressed on this board but he keeps popping up, making the same stale points, wrongly claiming no one here is addressing them. @JW - please can you refresh us with something worth reading if you are going to pepper this board. Much appreciated.
It’s nice to hear that the CEO is confident of increasing reserves but some objective data on drilling results is what we need. Otherwise the reserves will be a tailwind working against the positive debt reduction. Not so long ago Darren was talking about M&A which sounded confusing given the considerable MTL land package.
It’s great to see this finally re-rating. Do we have any visibility on life of mine and extending reserves? The company will have paid off its debt but then not have much gold left, which could weigh on the share price at a time when it should be unleashing, post debt elimination. They’ll need to start drilling, raising cash/new debt to fund that activity. AAZ had a similar issue of depleting gold reserves and then pivoted to copper as their new strategy (despite having lots of promising early stage drill results.)
Have had some good interactions with the ALGW distribution team this week with regard to me investing in the BOAGF. They have beefed up their sales efforts and now also have the parallel AAACX fund available with a much lower subscription amount ($2,500) that is accessible on the large US retail platforms like Schwab, Fidelity and Pershing. The IFA community will presumably be catching onto the uncorrelated, low risk and relatively strong (vs cash and treasuries) return profile of life settlement investing for their clients, which should see more inflows. ALGW is building sensibly and now that we have the crazy speculative mania behind us, the opportunity cost of this sort of investment has significantly reduced. 10-14% return net of fees when the equity market is grinding sideways/down looks pretty good from where I’m sitting. By opening up this sector to retail, expects others will feel the same, in time. Patience.
I would also very much like to access the Discord site. I tried a while back but couldn’t get in. Would be grateful for any directions/granting of access. Have been invested in TXP since 2018 and hoping this is the year when the PB and team really start to monetise these assets. Thx.
Dunderhead,
I have 1.1m shares and family members a further chunk. Very happy to participate in any effort to improve communication with TXP management and to lobby for any strategic directives. We did this on the MTL board last year to very good effect. Would be good to use this board as a constructive force rather than a downward spiral of negative commentary.
Another 35k shares added today. Didn’t catch the bottom which is always annoying, but zooming out, very excited to be heavily in here and looking forward to the news rolling in next year. I’m fortunate in that I don’t have liquidity requirements so happy to just sit and watch this.
RC well put. I am similarly minded. I got in, in size, at 12p and loaded up all the way to about 80p. I then found the rise to £3 very very unsettling. I enjoyed it but it completely took over my life. I have a wife and 3 kids and an 18hr a day city job, so stumbling around between these (or rather not doing those jobs at all) preoccupied with my phone looking at ARB UK and US prices, BTC, constantly, drained me badly. I sold 40%, felt immediately better, then I started to get my head round it all with some headspace and went back in. I have made peace with ARB;'s volatility and am happy to see where it heads. It doesn't stress me much anymore. I am in a few AIM shares, gold juniors and O&G, so I am used to volatility, but ARB as BTC proxy is on another level. I think ARB will do well unless of course BTC collapses. The valuation gap vs peers for me makes this the stand out miner, together with PW's transparency and PR focus and the diversification away from BTC mining in the medium term.
Very encouraging that ARB are able to fund this acquisition via ARB shares rather than cash. Shows external confidence in the ARB business model and future share price prospects. It’s the same with the precious metals royalty companies (Metalla, Nova, Trident etc). The seller wants exposure to ARB share price upside as they think that’s worth more than outright cash payment. On a literal analysis this is dilutive to ARB shareholders but longer term is the smartest way to grow the business. PW is increasing his credibility by the day. Very impressed with how he is running this business and intelligently placing it for the long term. Brilliant.
I have noticed a delayed effect to share price on other stocks after seemingly amazing news; just takes a while to digest. The fact that we heard from the CEO yesterday refer to the NGC contract coming in before Christmas “for sure” and that the contract equates to billions (plural) of dollars rather the single billion referenced in earlier interviews, makes the SP pause a great buying opportunity. I am in a collection of gold, nickel and copper juniors all with their own great narratives for SP growth, but TXP is in a league of its own against those in terms of risk/reward. I keep adding here, now nudging a seven figure position, as I cannot see a better place for my money. Even if the market rolls over next year, the TXP fundamentals of production, discovery, captive local market and upcoming free cash flow make it a stand out opportunity. I started buying at 19p in 2018 and have averaged up since. Very very happy with this share and it has become the cornerstone of my portfolio. Might top slice if we get some parabolic moves but somehow I don’t see that happening. This share is going to grind higher, sustainably through successive RNSs. Where else do we have a roadmap of news into H1 2021 like this???
"Jadestone Energy vows to be last man standing" in oil & gad production"
https://www.ft.com/content/f81763ae-93a1-4f0b-a35f-3ef0812f6354?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8#myft:notification:daily-email:content
Dartron, the TR1 rules are driven by TXP’s UK listing , not the domicile of the institutional investor. Doesn’t matter where the insti is based; if you cross a disclosure threshold in a UK listed company, you have a legal obligation to disclose. Failing to do so carries penalties as it creates a lack of transparency that makes it harder for the FCA to identify market abuse.