Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Rofert, I agree. The Board and senior executive team need to outline a credible strategy to build the business in the context of the failed acquisition, the continuing outflows and the built-in weakness from their bias towards equities which are out of favour at this time.
Oracle, imo, no news will see the sp continuing to erode. If we get a holding RNS that hints at delays in securing or finalising contract wins, I would expect downturn in the sp to be even sharper. I'm not in the camp may think that "no win" is already built-in to the current price. We can go down much further. But if we get some one or two very rewarding contracts, the sp could go up significantly, and maybe even in multiples. Who really know?
The subscription price is half a pence - in line with current sp. Bigger questions are who the partner is, can they use the funds effectively and is an expansion into MENA just a credible revenue-driver or showboating to be noticed and bought-out by some Saudi or Qatari prince?! :-)
LLumax, I'll be very surprised if MIRI in any RNS on a Tier 1 deal produce any forward revenue guidance across the suite of its work. I'd just hope for some narrative on the financial terms of the particular deal. I'll take multiple RNSs with individual deal details as the best we can hope for in the short-term. I suspect we'll have to do the revenu/earnings guesstimates! But I want to be very wrong on that, and genuinely hope to see better financial comms by the company with investors
LLumax, we need any deals with Tier 1 players to be on great financial terms and we need any RNS to give us a good sense of those, if this is going to re-rate substantially and sustainably. Whilst still a holder, I see many risks and challenges for MIRI, and the market is obviously still pricing MIRI cold cautious manner. I don't know why some would see risk-awareness and portfolio diversification as an indication of bladder problems - it is part preserving capital in the face of different possible outcomes.
The sp could have a good way to run (up) in the long-run. Let us see how they manage additions to their portfolio, tenant satisfaction, rent collections and any new costs arising from some risks materialising. Not quite sure what they can do for the market to re-rate them significantly higher in the short-term?
LLumax, couldn't agree more with what you said: "What we need is a Tier 1 sign up with some guidance on revenues for next year in the next couple of months. Everyone knows cash runway until next summer and finance needs sorting 6 months ahead (rule of thumb to get decent terms) so hopefully a news-rich period coming."