Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Someone’s slowly accumulating at 0.75!
KB, a profit is profit. My educated guess is they made north of AUD2m profit. That’s not bad at all in anyone’s books.
Asllan, Paul Johnson was never CEO of THR he was a Non Executive Director and represented Metal Tiger's interests at the time. Pilot Mountain was too small. It does make a perfect fit for a portfolio of similar licences that can be bundled into an IPO transaction. On a separate issue there appears to be a background buyer as I can sell 3,500,000 today at 0.725 without going to NT.
Small spread between bid and offer. A lot of sells being soaked up. Can sell 3m without going to NT. Looks as though there is demand for THR!
The Uranium and Vanadium projects are in Colorado and Utah. Pilot Mountain has Tungsten. A small resource that they could not secure a JV 2 to 3 years ago even though THR went through a process.
No, HH it will be Mark Potter. I reckon he was the executioner! Then appoint an additional high profile NED. Most likely at the same time. Probably next week?
Correct Robins the AB factor is a major issue as far as I am concerned. He needs to fall on his sword as MB of THR did today. I have a holding but will not increase it while he is here. Also many of the THR projects are very speculative and in difficult jurisdictions!
Agreed I2. I think Potter would be the right person. They also need to appoint another NED with the contacts for JV’s etc….
Exercise your vote them geckos. I will vote for it. What info do you want!
It’s called an M&A deal HH! We would all love to have cash but there is a trade off. The POW shares will be sold off ASAP.
It must be rembered that THR went through a process a few years back with regard to many of their assets and that included Pilot Mountain. At the time it was considered too small to attract a JV partner. Best to get rid of it and concentrate on the OZ assets.
Just noticed that Borelli has been pointed as an NED to RRR! No mention of his time at MTR or BMR!
Agreed HD. I have just noticed that as well! Interestingly the RNS does not mention his disastrous stint at Metal Tiger plc and BMR!! If I was a large shareholder in RRR I would be very worried indeed. Perhaps he is being lined up to takeover from Bell!
I disagree KB. MTR do not put out RNS just for the sake of doing so. Most of us know what is coming just a question of waiting. If you want an RNS a day invest in Power Metals. You may strike it lucky and get 2 or 3 a day!
Hi BSG MTR certainly sold some of their Thor holding but I don’t think they bailed completely. In any event it would not surprise me if they took part in the recent placing alongside Artemis.
Who knows BSG. To change sentiment the Board need to get rid of the Executive Chairman. No need for an Exec Chair and CEO. Non Exec Chair would be far better for today’s corporate Governance. Time to take the broom out and appoint a new one. Then re focus on the best potential projects and get rid of the rest. Perhaps a JV or two at some point. Most are just too small and are a distraction.
Agreed Phatbaz in the bin.
A big vote of confidence in the company Bigmj. I endorse your commitment.
MrR I did raise your point with the company sometime ago and was told that at the appropriate time an annual dividend would be paid to shareholders from the NSR streams. I imagine some communication will be made once production starts.