Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I hope you're right Irish, I sincerely hope you're right.
The Zambia promotion in the socials and press we've seen in just the last week has the potential to substantially increase the value of the licences CB has bought.
What a lucky coincidence !
Good points flipper, we read everywhere the opinions of analysists talking about the impending lack of copper, zero stockpiles, an enduring commodities bull market etc.
You'd think the price would rise but it seems nobody has told the people who actually trade the stuff.
As I was saying, here's another Roastie special on mining. https://audioboom.com/posts/8454846-midweek-takeaway-mining-indaba-2024-special-umr-maru-neo-afp-xtr-atn-glr-ura-k
More breaking news.
The US have killed an Iraqi General in Baghdad tonight with a drone so the war in the Middle East is just about to get a whole lot bigger.
Oil will be through $80 in the morning, the way things are going it will be through $100 in no time at all.
I think the Middle East is about to explode.
"business as usual was my impression"
Mine too, that's why we have 32 month low today.
I have learned a lesson though, when we had the second duster in the NS and I sold the lot at 25p I was persuaded by the opinions of a couple of knowledgeable chaps on here that it was a "buying opportunity" and bought back in. That taught me to listen to myself and not the agenda of anonymous people on a website.
65% down later I'm still waiting for the bounce.
Flipper:
Don't get me wrong, I can see the economy of a merger but I'd be concerned how the combined shareholding would be distributed amongt existing shareholders.
The companies would have to be valued comprehensively and shares awarded to existing holders accordingly.
I don't think CB would take one salary though, he'd want a combined salary of what he's already getting from the individual companies.
Done properly and with a single CEO it could be a good thing.
It reads like XTR is process.
If it means a company it would infer that my observations are correct about combining all three companies in this venture.
It would make sense, imagine if you had three companies and had a mind set that they were actually yours to do what you want instead having any shareholders. Two of them are skint and need money to proceed but one of them has just done a deal selling the family silver that means it's going to get a drip feed of cash for 3 years that could finance the others without dilution. The problem with that is the shareholders of the company with the cash coming in aren't shareholders of the one's benefitting from the cash. But don't worry we'll lend it to them at a very favourable rate and call it business and we'll get a percentage of the businesses in lieu of actual cash repayments.
And hey presto all the companys get to stay solvent and the guy who runs them get three salaries for a bit longer.......
You couldn't make it up could you ?
As I have long suspected and even written here a while back, when you look at those licences you can clearly see CB is taking the opportunity to buy licences next door to his other companies licences with XTR money.
They can't buy them because they are both on their arze financially. So it follows that their lack of success and consequent tumble in SP will become ours over the next three years of spending our money.