Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What can possibly be the rationale for the company posting a tweet today regarding how good the feasibility study was 2 years ago?. An absolute and utter irrelevance considering not a word regarding the delayed permit approval.It either smacks of desperation or whoever does the social media has nothing better to do with their day than post banal irrelevant tweets.
the delay in obtaining this permit is becoming ridiculous and the BOD has a duty of care to the long-term small investors that have stuck with this through thick and thin. The lack of clarity on EXACTLY why we are still waiting needs to be addressed. The share price is dropping week on week once again . Please do not insult my intelligence by replying you have to be patient everything is ready to go or the usual one if not happy sell ur shares and someone will get a bargain, that is wearing a bit thin now.
this is heading back to the 7s i think, absolutely scandalous to keep pumping out Twitter drivel every day that has no relevance until the permit is received and not a single quote or statement on delay in the best part of a year.
We have had the numerous positive soundbites and various articles which have had a profound effect on the share price last 2/3 weeks, and a year of every so-called perceived reason under the sun for the non-disclosure of why the permit has still not been delivered, but now surely we need to know what is going on by the board on the permit front. The silence cannot continue much longer as the goodwill and positive sentiments that have been expressed will be an empty vessel again.
As someone that has been fortunate to know a bit about mineral law and permits due to the nature of my career to date as a Prof of mineral law, I am acutely aware that there can be many twists and turns in the obtaining any license and permit due to ever-evolving nature of the mining industry with environmental and sustainability concerns grow globally. one of the biggest changes have been in recent years is the choices facing govts and companies to create and change outdated practices to improve environmental and sustainability performance.
The delay in the permit being granted in itself should not be a surprise due to the above complexity that I have highlighted above. what I do not understand and have discussed with my more learned colleagues than myself and are of the same opinion is the reluctance to advise what are the concerns and hurdles that still need to be overcome in obtaining the final permit go ahead. From an academic viewpoint, I find this direction on information on permits a bit perplexing, but maybe there is a reason I am needing to learn more about going forward.??.
Kim, i tend to agree with your last post, it is sobering and accurate in the assessment of where we are regarding the permit. Now mid-March and not a cheep from the company on the permit, absolutely astonishing.
I have also reduced my holding from 2.5 million to 1.5 million shares in the last 3 weeks, this was purely on principle on my part due to the lack of communication on the permit which I just feel is unacceptable, Everyone to their own. for a company that is not shy about telling us about everything under the sun regarding potash and economy, the silence is deafening. Will also reduce further if no news by end of March.
I will try and play devil's advocate here rather than repeat my continual frustration on lack of permit news. The board of directors clearly must know what has created the permit approval delay and have obviously made the decision not to advise that to investors, is that a strategic move not to spook the market or is there something else legally in play, every other announcement the company has made in the last 5/6 months have all been made to enhance the shape of the company positively which I am 100% behind. The infamous "imminent" statement is long behind us now and that conversation has been exhausted to death and I hope that has not had a bearing in the advising of the permit delay. Would be interested to know if when the permit does arrive the CEO will advise what caused the delay and why never disclosed the reason whether it be legally or merely a board call strategically. A cheeky last bit do we think the company that has pumped in the $40million makes a call to the CEO asking how the permit is looking is met with the same silence .just a thought.!!!
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Next Wednesday 9th Feb will be a year exactly since we obtained the mining license, do not think even the most pessimistic holder on the time frames would believe we would still be completely in the dark on the final permit approval. simply ridiculous not to communicate the reason for the delay and they should be leaving it to the individual investor to decide if their investment is either short or long term should be affected by delay, regardless of the reason for the delay that should be the decision of the many small investors to decide if want to continue to wait or invest elsewhere. The lack of communication has led this board to lower the tone dramatically into rumor, disinformation on articles, and pretty low level bating of fellow posters which are not doing anyone any good, debate is healthy and always should be and opinions should be exactly that not expressed as fact-based. Going back to my original point the lack of communication has led to the above manifesting itself on this and other boards which could have easily been avoided. Ultimately we all have the same goals either short or long term including the BOD so let's collectively strive for that starting with the company advising clearly and concisely on the final approval permit.
ideas,
A little bit of fact-checking for you. I never SAID that Mr. Joy came on board to see the completion of the permit, i only surmised that if it was part of his role and it's open to conjecture what his actual role is.
only one share,
thanks for your comments and theory on the role of Mr. Joy at present and going forward. I am glad you agree his Twitter post was misjudged at best. I think his role so far can only be open to conjecture positively or negatively depending on what capacity he has been on the board to do. if we are to surmise that part of his role was to expedite the delivery of the permit i would have to suggest that the lack of said permit looks like his advice/expertise has not had the desired impact we thought would have when announced nearly 7months ago. I agree on the role this type of appointment could be beneficial to the company but will reserve judgment for now as on the surface I have not seen much evidence to support this appointment so far but will be happy to be proved wrong but sadly I know of many of these positions created within companies but their worth on the bottom line can be minimal but looks good on the company website..
will all due respect bluepalace you are just rehashing the same info we all know and have done for the best part of a year. Here is a very very simple question does the Bod know of the reason why the permit is delayed, if yes why not share the vital information and if not why do they not know and share this as well.
way. Regardless of what the cause of delay is the market and individual will decide on whether they still want to be invested in the project "that is doing things the right way" not picking and choosing on what you advise the shareholders.
good morning one share , an interesting and understandable reaction to my post as always.I have always have had confidence in the fundamentals and concept of this project but what I won't accept is the lack of transparency of why there is a delay in the permit being issued. The company made a decision that the mantra and announcements going forward would always be "doing the right things always" what a brilliant bit of slogan terminology when running around doing podcasts, investors seminars when looking for PI to get this off the ground. I am well aware that continually posting banal information restaff or info on potash has had little or no effect on the share price which we are always being told is grossly undervalued. when you advise about literally everything under the sun about this project but decide not to advise on why the permit is delayed is most definitely doing thigs the right