Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi, break
A very interesting hypothesis, which I had not thought of. But he's been a member since 2008, and is now commenting on Empire Metals and Wishbone.
Hi, Jackbal (once more),
The man you are referring to is AGEOS (I may be mistaken about the gender, but probably not). Unlike amateurs such as myself, he actually knows what he's talking about.
On the separate matter of the tone of the debate, I cannot resist quoting the late Roy Jenkins, who said that the debate on the EU had been conducted "without rancour on either side." Unfortunately, he could not pronounce the letter "r," which always came out as "w." So the remark was slightly more forceful and expressive than he had perhaps intended.
Best wishes
Hi, Jackbal
My own view is that Brad and Louis were caught up in circumstances beyond their control. The two majors decided to stop drilling, because of hostile or uncertain politics in Colombia; and the only way to enforce the contract was litigation; which would be suicidal, for he with the deepest pockets, wins. And that is not us.
Best wishes
Hi, Karl
I'm with you on this. The pessimism and the anti-Brad sentiment are overdone. The move into Nigeria at least shows the company is doing something. What has wrecked the share price is that terrible sense of paralysis; being trapped and helpless in the claws of two larger beasts. No news is death to these small explorers; if Nigeria produces positive news, going into that project was a good decision by our much maligned CEO.
As for the fund-raise, one shouldn't fuss about it. It's going to happen, because exploration must be paid for. But it won't happen at the present price. And if the newsflow is good, it shouldn't require much of a discount to the market price. Dilution is only a problem if the share price gets clobbered.
Hi, Karl
Things can always get worse (as Margaret Thatcher used to say).
But I agree with you. Orosur is a buy at the present price.
Earl of Aim has moved on to "pastures new" (Milton). Whether it was Scotty's instruction to shut up, or Powerfulpete's remark that 10,000 posts can't all be ramps, or my quotation from Johnson's dictionary (which I recommend to anyone interested in the history of the English language), we will never know.
"Repetition. Iteration of the same thing. Recital of the same words over again." (Johnson's dictionary, 1755).
Hi, Sol
Keep up the posts; I enjoy reading them.
Best wishes
Hi, Smokey
I think not; I think we've turned the corner. But optimism is my original sin.
Best wishes
Hi, Smokey
Clarification - when I said Brad, I meant our CEO, Brad George; not Bradfaye, who posts on here.
Best wishes
The move into Nigeria may turn out well. What we need is newsflow, without the long delays that have happened in Colombia (some caused by covid, others by the labs, and then the cunctator magnus, care and maintenance). Brad said Nigeria will provide this, and he may be right.
Hi, Tom, bhargav, and Wolfy
I'm with the three of you on this. The spread is often less than it appears to be on the LSE website; and it's right to point this out.
Best wishes
Hi, Tray
Don't abandon us altogether. I like reading your posts, and many others do, too.
Best wishes
When I read the RNS, I thought I'd got the wrong company, at first. Now we know Brad is a man of Napoleonic ambition; but things did not end well for Napoleon. Perhaps we should try drilling on Saint Helena.
If the quality of management was equal to the quality of discussion on this chatboard, we wouldn't have any problems, would we? Well done, break, jackball, dr, karl, chicken, yela and winner.
I learn something new every day.
That brief price rise looks like a failed pump and dump operation. I say "failed," because given the spread, I doubt if anyone made any money out of it.
It could be people closing out short positions (which is why no stock ever falls in a straight line). Or maybe some news is about to break, and someone knows that.
Probably the first, unfortunately.
It looks like we're heading for a takeover to me. 2p, if we're lucky.
Now we know why the CEO never put any money in. Daughter's schoolfees - humbug.
I remember about three years ago on the GGP chatboard, someone said, "never ever invest in a mining exploration company, where the CEO is a geologist. Only a finance man knows how to create shareholder value." How right he was.
A geologist simply wants more money to carry on drilling.
Hi, everyone
It's good to see all the familiar names here, in such a cheerful mood. And rightly so.