Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As I see it if nothing else changes (it needs to!), they have a known revenue stream of about £500k at todays prices. I think they can't commit to any more spend until this farm out is signed off. Whilst the prospects long term look good we are in limbo until this new capital is raised. It slightly concerning that there is no further news on flow rates?
Its lost 46% of its market cap in a year! absolute shambles. Ironically SLP one of its small efficient competitors in PGMs is up 6.5% and pays 10.5% divi. Not sure where this is going to end - waiting patiently.
GW all I'm saying is that yesterday the price moved sharply on a relatively small amount of buys. I think the free float is only about 32m shares so it doesn't take much!
This has a small float as has been mentioned before. All it needed was a bit of interest and setting up the sell limits. Until there's serious interest the price can be easily manipulated. Medium term it looks a good prospect. I expect there will be some more dramatic movement over the coming weeks!
For what its worth, I've been holding these for months like most of you guys here although the recent movement is purely down to a trader who bought heavily earlier in the week and by my calculations has almost sold all that he bought. Lets hope he comes back (but don't get caught!). The longer this goes on makes me think that the flow rates have to be known by now for the JV partner to agree a deal. We would have known by now if more capital was required for plugging zones 1-4 because of their precarious financial situation. So I would like to think that the i's and t's are being dotted and crossed and a deal will be announced soon or heaven forbid the flows have disappointed and the partner(s) have gone away in which case I guess we still have the carbon capture to fall back on!
Hope the shorters have done their buying!
Sorry, repeating myself but still big dumps occurring on the fall (delayed sales in black), I reckon it will bottom out at 15.
Big sell offs still, probably slide back down to 15 or thereabouts then off we go again!
Https://www.investormeetcompany.com/investor/meeting/investor-presentation-413/presentation
Thank you
A lot of the same people talk a lot of the same rubbish. Their motive is plain to see. We won't know anything until the RNS. There is no investor presentation advertised anywhere and all of this pure speculation. When Roland is ready he'll put forward the situation as it is with a way forward - plain and simple. We are all hoping for a good result.