Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The purpose is to be heard and I am confident that we can get to 5% of the company as one voice. 5% of the company aligns us with the bigger shareholders in decisions for the company. That's what it's all about, as for funding requirements your talk is insanely premature at this stage of the year, we have enough till 2025 and like all others here I am hoping for real progress at some point.
Hi Anth-Great, getting better. I'm going to create an email account which will be temporary and you will be directed from there to another one. From that email we can liase and confirm actual numbers, will look to get ti done asap
Hi Diddly, appreciated- that's actually 4 of us. I need more though, imagine a hostile offer going for Bor and they need to tease the big holders for a deal. Why should we accept any less? Strangely silent here for most tho, perhaps the disclosing is the issue? Or a fund raise , big boys are targeted first with a discounted rate- why not us slaves who have been here before almost all others? I need 5% of the company in PI rep- maybe we already have half already and some.....
The lack of tangible progress is stunning, never before have I been in such a stock with such a wealth of resource and reserves with absolute zero bloody progress over the years. Yes we have some big ticket investors here and a new very silent CEO, but no news-absolute zilch. So when it's time to question our leaders, who's gonna go? - probably nobody.
However I will and I want to represent us here as one voice with X of %, those who join will be surprised at my % in this company and together as one voice we can be heard as a sizeable % of the company.
2 have agreed, I need several more to do this properly.
Hi Malaysia. Well I thought it was a good idea, not sure the pair of us would make a difference (although I do have a very big holding here). I was hoping for at least several or more to act as one voice, if the holding is big enough then us pi's can make a difference. Anyone want join myself and M?
The main reason is to act as a single block, one voice which can communicate with the board and be heard.
The one thing that does bug me is why Obee left at such a critical moment. He wasn't just the geo guy but also ceo, if the geo and technical side was truly finished there's still the job of ceo and the fund raising. Did he leave because he knew he lacked in this area, or was he pushed as I suspect- asked to resign admirably. His statement that the revised development plan would make farming out much easier hasn't yet come to fruition, there's also the question as to why the revised plan wasn't marketed years ago. The one thing I do like are the new investors and increased holdings my existing ones, without this- I would be a little worried, like Ant says we must have updates. I am planning to go to the AGM this year and I can represent fellow holders with one voice, I am thinking of forming a group in which we would all disclose holdings confidentially between us to give us a bigger voice and more leverage. Thoughts?
At the moment my take on the whole book is that it's managed/ manipulated. They can drop the bid/ increase the bid and do anything with the ASK which pretty much means they are playing both sides of the book. Nobody else is involved because there is no volume, no volume= no profit. However its good, because the squeeze is to force selling and when they are done, they will do the same in the 3's.
For what it's worth, they were SELLS. Sold just over the mid price, selling is somebody else buying and I actually prefer stocks going up by bidder action. Nobody cared to mention the 3.02 trades (300k) were also sells, very little buys all day.
NEWS PLEASE BOARD!!! Its deader than a dead place here, even more quiet than your data room........... Board, what's Bruce up to? Our business development manager????? Still developing his skills on Fortnite all day?
Interesting comment by Malcy about the Namibia area for mobilising a rig, rigs travel globally and are long lead items. I wonder why he was specific about Namibia....... In regard to farm in Buffit, the data room has been open for so long it looks like something from a Halloween movie with lots of cobwebs and spiders. I suspect every oilie who doesn't have Argentinian interests have been in and out multiple times already, I am hoping monetisation means us going it alone.
Ah our business development manager Bruce, he must be the happiest out of everyone. A business development manager still employed after all these years, paid a nice salary and perks without ever........ developing any business.
POC has been on another level talking this up with plain ramping, I am long term here and don't need a quick change in share price for profit or loss recovery- I am here to a production price or takeout and hold a sizeable % here for the party. I await his reply to the public shaming, perhaps he will not be back. Doesn't alter the tradectory we are on, onwards and upwards.
So it's just the money we need, deferred bonds and go it alone or farm out? The DB route would be great but the only problem for me is that we haven't done the appraisal of Darwin (despite it being almost 100% due to the high liquid content and lack of V). Investors like to have no risk and this would clearly still be a risk, but if the appraisal is good like it should be then this drill comes part of the Capex already budgeted for because its goes from appraisal to development. Maybe 2 rounds of DB would be appropriate, one with a higher return than the other. Either way I love the thought of us retaining 100% and still think self funding is the more likely route with potential equity support from suppliers rather than a farm out- if Darwin was able to be farmed out, it would have happened by now in my opinion.
Interesting find! Junpie has been around the block with Japanese Petroleum, Total etc and lived in the USA,Europe and is back home now in Japan. Facebook shows him as freelancing since 2021 and being the pipe construction director for us since last year. He's also been to North Seaton recently which has to be FES Subsea, great to see real progress and as everyone knows the final tick in the box is capital. Investors with deep pockets arriving as well, exciting days ahead.