Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nobody would disagree with that but someone is dumping millions at sub 0.6p in what we nearly all believed was the transformational quarter! Either they have made a very foolish decision or we have had our pants pulled down again by the mighty BOD.
Come back in 3 months (said that a few times).
I thought others would possibly want a test order (though we have no way of delivering as no active permit left to produce more than 100 tonnes, good work MR).
I would also think anyone interested would like to see their own or at least the test results from PacifiCorp. Still hoping results are soon and there must have been some reason for June 14th needed for delivery.
Maybe this is the reason we're not moving anywhere. I was expecting a quick turnaround but maybe AEG style gives it a few months as no rush.
From RNS:
With visibility on a construction timeline for the Lumberton Facility, in December 2020, AEG was pleased to announce the first commercial order from PacifiCorp to test CoalSwitch fuel in its coal-fired power plant at Hunter Valley in Utah. The fuel is to be used for a test burn, co-firing with coal, monitored by both the University of Utah and Brigham Young University. The results will be published later this year to demonstrate the co-firing results from CoalSwitch and the emissions benefits.
They’ve not bought in decent quantity since Spinks left. If they were buying we should know and it would offer some support. They take out enough so could afford to add a bit back if the future is looking so good.
All very messy and not sure what RMDE does next. After the letter be embarrassing for them to come back and strange for RGS to sell up after buying heavily above 2p.
All a mess and I’d be happy with a positive result and take over. More likely they will go alone and take 8 years to build a large plant then last minute handover to a JV.
the only thing we can agree on is there is currently very little interest in the share and we're slowly falling back to the low range we had thought had disappeared.
The major investors in at 1p are either not adding or selling a few to lighten the risk. Next two weeks either 0.4p or 1.4p. Let us hope Rowan hasn't delivered the wrong bag of coal switch for testing.
Nobody doubting the technology and the potential. Does seem strange that none of these global billion $ companies have taken a small stake as we’re now so close.
If as good as we think/hope they should be holding a decent % especially at this price.
I did the same and topped up at 4p, 3p, 2.25p, 1.4p, 1p, 0.8p, 0.4p...
They have failed the basics and continue to get paid for failure. AIM is a shambles and most of us here (particularly me) are fools for believing they will do the honorable thing for investors.
They leveraged the Ukraine assets to increase debt via CLNs. Insiders gained from the CLNs. They used the £ to fund related party transactions. They converted the CLNs to hundreds of millions of shares. They then dispose of the assets they were using to back the original debt. They are now re-evaluating the Lumberton assets and timber business which the previously hailed and used to raise capital. They have finally milled a few pellets which they had already been doing at Utah several years ago before the new management diverted the whole operation for the related party transaction at Lumberton. And we should be happy that they have finally shipped some pellets milled under a TEMPORARY permit? Does anyone wish to challenge the factual accuracy of any of this? Opinions. Do your own research.
Full of arguments and accusations. Sad times for all holders, multiple failures and a slow realisation this will never see the levels we dreamed of.
Lumberton was a huge purchase yet no revenue from it. 50% from JV being handed off and a hungry BoD for cash (for them).
2p seems a dream now and it smells of stitch up but no surprise on AIM. GLA
Ps Seattle can you put a positive spin on anything? Read the RNS in detail and let us know!