Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
ACKER…
“GR didn’t raise enough in the last EGM”
Perhaps he expected to produce enough SC6 in May to start shipping and we have enough cash until end of June ..
I believe GR would manage to produce enough SC6 this month to ship over next month .This will lead him to get further financing from outside sources or placing at much higher sp..
Just imo
It’s a good PR progress and we can only going up from here…
No imminent raise as we have raised twice in the last few weeks.
Raise wil be at much higher sp..
Good day
RNS should follow soon hopefully tomorrow..or early next week..
GL holders
Clueless….it’s an update of the plant after recent tweaks and is working with better products of SC6 than expected..
It’s a forward progress and reassuring that we are not moving backwards as we did repeatedly before..
I am more than happy to see this going forwards..
ACKER…
Cannax is now creditors and debtors at the same time with the due accumulations of penalties. Then we are also due to pay contractors too.
The main issue here is once Prem rectify the plant and start production with the right quantity and grades then all other issues would become easier to resolve with outside finance happy to help GR.
All depends on starting revenues and acceleration of production with the right grades.
Anyhow I have added more @ .1868 p for longer term or M&A activities possibilities.
GL
I have 0 concerns on Prem coming out of all this malarkey and the negativity when we are at the cusp of producing what’s required from the plant…
All at the site to make it a big success..
Debtors are not complaining,contractors are not complaining and the only bed wetting souls are keep on printing and guessing…and of course the shorters and Prem haters who want to see Prem down…
Yes I am positive and holding two truckloads!
GL holders
Yes but we have the right ore with higher concentrations of SC6 but GR mismanagement of commissioning inexperienced contractors with two failed attempts to build a functional plant .
GR spent tens of millions and destroyed our share value caused all this..
I agree assets than can’t be monetised is worthless but we are producing the assets but can’t process it to the required grades and quantity…
Let’s see in the next few weeks…
I haven’t given up hope and still believe the plant will be tweaked but the timeline is crucial here and GR needs to come out with positive progress to change this sinking sentiment…
I think GR will issue RNS this week and let’s all hope it’s a positive one for a change as it seems he is running out of excuses to blame everyone else but himself.
But in reality Having asset you can’t monetise yet with cash flow problems is a serious matter for any company survival. Let’s accept this criticism and it’s a fact.
Let’s see this week how it progresses as I hold big numbers here and still feel Prem has come longways and so many people and the country reputation at stake if Prem fails is here ,then a well known big local business man with very successful career in the country is one of the directors on board with another from Canmax overseeing things too.
IMV …The plant itself is huge and any issues should be rectified as many experts on site there to sort it out.
We still have a good amount of cash which was raised recently and a local bank loan of $300k too.
On balance I feel more positive and can see the end of this saga of uncertainty .
Holding strong
GL
Mrbrian
You are wrong
Which company has been valued without revenues and profits!!
Name them please but don’t quote stockbrokers bullsh@ts and analysis of expectations.
You only put value on any company if they have produced revenues and profits.
Please stop your fanciful drivel.