Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I see the share just dropped 20 percent? I thought the shares are over prescribed meaning it shouldn't really drop? Can someone explain?
Although I agree with you Mikie, an update on the status of Roan would be nice. It was 3 weeks ago Leon said the components for Roan are still in SA due to port issues and I'm sure he said he would keep us updated.
Now my question is have the components arrived in Zambia or are they still in South Africa. Either way it's gonna be awhile till we see any results.
So we have gone from October to November then December now January and who knows when. Very frustrating. Not sure how we going to reach our forecast if this continues...
It's very simple.
Either the modules are a huge success and we rally to the moon OR they a failure and Leon keeps giving excuses why they don't work and we crash and burn to 3p/2p.
Roan (upgrade) should of been up and running already or atleast had some news on logistics in SA so I'm not so impressed so far!!
Was expecting an update from Leon to see if the components had left South Africa yet as he said there were delays due to issues at the port.
So now we wait....
I wonder why there has been no talk of project Elephant (although I think the name was changed) lately or have I missed something?
Thanks Johah 58.
Edzi, actually had a good laugh at your answer 🤣 thanks for the humor.
Seis, im interested to know your thoughts about how they deploy these modular copper units along the 8 square km stretch of Coppper waste rock.
Each site still needs access to water and electricity even though it's a smaller amount it's still required. Also the site will need its own security and infrastructure, roads etc.....
I'm interested to know how exactly they going to go about setting up the many copper units??
Anyone have any insight here?
Thanks.
As soon as we get an update that Roan is fully complete and producing Copper at name plate then I expect a massive rise.
Two things I'm hoping for.
1. "Â Â The results achieved motivated the decision to immediately commence with the implementation of a bulk semi-commercial pilot facility at the Luanshya tailings facility which will be completed over the next 12 weeks."
This should be complete now!!
2. Progress on the build at Roan? Have the components left South Africa??
Regards.
It's very simple ladies and gentlemen... if these modulars work then this time next year we would of quadruple our investment. So the question is do they actually work??
So far I haven't seen any proof only what Leon tells us.
I personally think Leon needs to show us the actually test results. IF HE DID THIS THE SHARE PRICE WOULD FLY.
I'm not sure why this isn't their main focus to shareholders.
Let's see 100% they work please!!
Poor Bushy got his feelings hurts. Don't worry, won't be long before you in Diapers again.
The only thing leaky is your as..
After listening to the mid week Roast I feel at ease!
Onwards and upwards!!
Now on YouTube. NEW
How do we not have money in the bank to fund this?
As per usual nothing is straightforward with JLP. Always have more questions than answers but i guess that's why the share price is were it is.
A bigger concern is why don't they have 10 mil in the bank? Surely they doing well from Chrome over the last 6 months!
They really need to come out with the truth before this tanks to 3p.
"Under the funding term sheet IRH undertakes to provide all capital required by the SPV through a combination of equity in the SPV and shareholder loans."
When reading this are we not also going to give equity (Shares) to SPV at some stage???
Well we about to witness a 20 percent drop in share price today!! Well done Leon!!
I can not for the life of me understand why they going to the market for 10 Mil!! This shows you they don't give a rats ars.. about share holder value. Where's that loan facility they had on standby that he spoke about last year. What a kick in the nuts.
Very disappointed they don't have 10 mil from current operations!! WTF is going on. Always dilution with Leon. Blady lies
I wanted to say that the RNS they released on the 13th December denied the AGM but never denied the resolution.. go back and read it. I was wondering why they worded it like that.. makes sense now.