Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Fanny Adams -
Yep, I have heard that she is not so sweet, I understand that she is getting on a bit now.
I guess you like the ugly "old girls" with experience then Swampmonster ?
If she is not available then may I suggest that you try a younger model. Yet again with an avatar like swampmonster I guess you can only get the old girls !
Sometime in 2023,
I would forecast a market cap here of circa 200m. That equates to a share price of 50-55p
With multi income streams one might even see a dividend too.
Some of the LTH's may have been a little early to the party, but as long as there is a party it doesn't really matter.
KO,
Surely you didn't sell all ?
If you were thinking that way maybe a stop loss at 30p to protect against a downside. , but not just sell all.
If your happy that's great if not pray for a little dip/pull back and return.
Anyway all the best, repairer.
Just posting the interview I was refering to in my last post !
Worth a listen too.
https://www.youtube.com/watch?v=7TxgAbRzZc0
Thanks Zumore,
I feel for the guys who have lost money here. Sometimes humour lightens the load a little.
AIM has many stocks with "goals" that are never achieved, however the board keeps on drawing nice salaries.
I too have invested in such companies ,and got stung ! In my experience over the years, these companies get a "rampers spike" every year or two. That is the time to exit and claw back some return.
After 22 years one could reasonably expect the company to be much further along the development course than they currently are ! Indeed they still seem to have their leg caught on the first hurdle. DYOR and all my views of course IMHO.
Alll the best
JAN
I don't think you understand !
The company's strategy is to find good quality mining options with high grade yield possibilities and THEN find a wealthy partner to pay for the new mine and production, while keeping a reasonable slice (percentage of the business) for RRR.
Now the first part is the easy part. RRR have some good possibilities. The very HARD part is finding the Partner to pay for it for you !
Now Let's be fair guys they need more time ! . We should keep funding them for another 5 years at least. Finding wealthy partners to pay for it all, takes a lot of time. Let's ensure they stay employed and are comfortable.
Oh, bye the way. The strategy that I outlined has dual uses. It also works ON YOU TOO. We find the possibilities and you lot (shareholders) pay for it ! You keeping paying us and we will keep looking for a partner !
DYOR, just my observations and thoughts of the strategy, IMHO.
Hi E121,
Many thanks for your reply.
I have been listening to my friend's latest interview a couple of days ago. Now romaron said that you can't say his name any more, so I will type it in code " Eric Nut nut all ". He says that Russia production was peaking anyway before the Russian invasion of Ukraine. .However now without all the support of the high tech service company's supporting this Russian production will fall. The BP's and Shell exiting Russia , along with the importent service company's , Russian production has had it's day ! 1.5 -2.0 m bpd going from april he commented.
His forecast was that sadly, oil had to cause "demand destruction" to correct the balance. Demand would still be very strong in the summer and that we are in the weakest period for oil demand now. Even so , worldwide inventories have seriously fallen. He was not phased by the China lock-down.
He forecasted that the in-balance will get serious, causing a new all time high in POO within the next 12 months. He quoted $180 POO area as an area that would be needed to achieved to really rain-in demand. This would need to be sustained for a period that would cause people to change their habits and use less oil !
Maybe, just maybe we could see our 60p share price this year !
I've blocked them because you don't deserve it !
lol, Swampy.
If that's amazing then I'm a sheila !
- it's to early for this to be let go. They want to play with it a bit longer.
Look, get qtr1 results out the way, Let inflation "burn" for a few more months, Let them see and begin to forecast a recession around the world - then she will begin to blow !
My predicition is late summer, early Autumn. Sept/Oct they will see recession on the horizon for 2023.
Lets not get too excited, they still operate in a war zone. That still has risks attached to it !
which is why 200 will not break yet ! IMO.
Velo,
Excellent technical analysis. Thank you.
Glad we have a proper chartist on here.
All the best,
JAN
The company spends circa 1.7m per annum.
How much cash are they holding now ?
Will they need cash in the next financial year ?
Any likelyhood of revenue from somewhere ?
Will they need to raise funds ? Share offer ? Dilution - or Cosolidation then dilution ?
took some early this morning, after a small amount of research. Seems good value - no debt on balance sheet, nice little divi's and nearly at 12 month low for the share price.
Commodities should do well over the coming year or two. I hope the team here can deliver on the production side then this should re-rate nicely. Any "big news" on the horizon ?
China demand will increase massively when they are fully unlocked. Don't forget India too.
This summer Holiday season will see huge oil demand as people travel, even if only in their own country. Massive air travel with problems in airports not being able to cope.
Demand may fall if we go into recession in 2023, but even then - have we enough oil ?
after reading the RNS.
Still think we could see a little fall in the SP if the production is not too good for qtr1 , but hey ho - late 2022 or more like 2023 is when this gold producer should really shine.
Short term could retest recent low of 11p if gtr1 production is poor, however I have a 2023 target price 50p (MC 200m).
It would be more if they didn't have expensive Mayfair offices and expense accounts ! lol