Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Much DC for the informtation. I think from what has been said, we are likely to potentially be coming into hundreds of millions of pounds over the next year two years if asset sale prices can be agreed upon. CB has proven he can strike good deals with previous sales such as Kiwara https://www.reuters.com/article/us-kiwara-first-quantum-idUKTRE5AM3Y220091123 and other great deals. This was always his nice nest egg in my opinion, and for such a big stake, he wants a nice big retirement package.
It is very encouraging that so many of our projects have been having interest. I guess lets just sit back and enjoy watching the approaches happen whilst at the same time proving up what we have to get a better price!
Well done Colin, Galileo and all people who provide good information on here.
This was always my biggest holding here for many years as it is one of the best companies on AIM in my view.
Pretty good to me, and hopefully higher dividends in the future if this continues
Superb! I don't think I need to add anything else. Just 1 of our projects as well!
They are all fighting over Zambia's goods!
Kamativi would go for if proven up! We are surely talking hundreds of millions ?
Such a pain that approving all these applications takes such a long time. It is holding up all our revenue. Africa is a pain to deal with sometimes.
Yeh consolidation is always a killer for SP.
Hopefully CB might do a midweek interview to give us a bit more insight and mention those projects omitted from the RNS. Im hoping that as soon as the licence is granted for Luan, it can get up and running in a very short period of time.
The KCB sounding very positive together with Shiganda. Would have been nice to hear about what is happening with Luansobe. Siege maybe sounding a bit of a suspect partner to be working with, especially as DC has been taking note of works being done on the ground there over the past few months! Hopefully, that one can be resolved. This is Africa after all, so all kinds of stuff goes on.
All in all though, a nice update. Just need Luan or a nice bit of boom news on any of our KCB licences to get the ball rolling here.
ITs happening :)
RERATE
With all matters of principle for the Project having now been resolved with the authorities, the Project finance banks can now proceed to final credit approval for the Project's US$190 million secured debt package
I think a lot of this has been scaremongering to suit shorter. Looks a healthy RNS, good results in November by the looks.
They also have until Oct 2025 to sort out the debt repayment, by which time we should be in a much better state. Happy with the latest RNS news!
Final results
"I look forward to the coming year, realising one of our projects, any one of which could be transformational for the company and its shareholders."
That realisation is getting closer and closer all the time.
Thanks again for the research and detail DC and analytical.
Before long our patience will be rewarded !
I mean Louis lol not Leon
The Company's existing cash resources are expected to run out by approximately the end of September 2023 and therefore the Company is reliant on completing a fundraise by that date to fund its ongoing working capital.
So what is going on Leon ???? AND where is this significant progress and value creation during 2023 you talked about ???
I do agree in a way, no news has in the past been bad news. I do thnk though with Luansobe, we are just at the mercy of the African MOM to pull their fingers out. CB has already stated we are ready to go, it is the licence I believe holding things up.
CB for all his faults though has pulled off some blinders. Our portfolio is incredible really compared to other AIM companies, AND we have a lot of cash!
I dont know why that was removed either. It was factual information that Sam had told me. Anyways. At least we have some indication as to when things might be happening.
Doubling up exercise. The amount of times this SP has reached £1.20. Buy now, sit a few months. Double your money easily. I bought £10k worth this morning. Its a no brainer. results due in November too so they should hopefully be good and reset things back to normal. Crazy low price.
Apologies, it was £50 million! Been so long I had forgotten exactly how much we had pi*sed away
But if only these clowns had kept the £25 million instead of dishing it out as a divi, we would be in a much stronger position. Even to have purchased another project whilst waiting for this transfer to perenco to complete.