Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well thats fine but they better hold fire selling the company then until its approved and they have some proof they can wave at potential buyers that there is 15M there. They will do there due diligence before spending millions of dollars on us
Ok so rough calculation so we know if we are talking about 25p or £2
2Moz @ $1800 = £3.6Bil
Let say 10% to be generous NPV for the Pall in the ground = $360M
Nice round figure of 2.5B shares gives us a per share price of 14.4c
Convert that to GBP blah blah and its closer to 10p a share
If I've done my Maths wrong then happy to make the walk of shame. Otherwise adjust those numbers as you see fit bit its not going to be wildly different until we step up to the 15Moz point
Well one bit is true - at the moment we have 2Moz in the bag and there are 15Moz in the flanks.
Well we have applied to explore the flanks be we dont have a license yet to do that - so the here and now we have to value this at the 2Moz mark and adjust if we get the license through and prove up the 15M number.
All nonsense about 40-50Moz a couple of days ago...........
Thanks for the twitter link for that specific part of the interview - this muppet listened to it again
YES - he talks about dividends
YES - he says we have a pile of cash
NO - We havent drawn the £50M Sinosteel loan option
Listen from 1:34 for the next 20 seconds - the £50M is the sub contract from Sinosteel - thats the money they dont need. You dont borrow £50M then dish it out as a dividend
NOT we have £50M we dont need in our accounts
Well considering its only been semi exciting for the last few days after years of not alot of action. I used to post on iii but hadnt bothered singed it changed to ii. If it helps I started buying in at 1.15 downwards
Why is it that if you dont 100% agree with someone they must be a shill or paid by the MM's - weird
Clearly simple.....
The only 50M in any RNS or the interview is the Sinosteel loan.
The interview yesterday proposed the company is cash positive at the moment so doesnt need the loan to progress the mine (given they are actively looking at a sale). The company doesnt have 50M on its books and there isnt 50Mil incoming unless they sell something, they take up the Sinosteel offer and draw the money (and then they wouldn't just dish it out as a dividend) or they spend months mining and saving up the money given they are generating revenue at the moment with the mine.
Suggest you actually listen to the words and listen to the interview again - money doesnt just appear
For balance
They wont have 50Mil int he bank unless they sell something - and that replies on someone making a reasonable offer the BOD would accept - it prob will happen - it might not. The whole company might be sold which we will get the proceeds via our shares. The BOD might decide a div is a good mechanism to give money back to the shareholders if the whole company isnt sold but they could also use it to instigate a share buyback and or invest that money into whatever projects the company has left on the books
Its certainly not "obvious" its going to happen and stop defending your made up number of 50M. It might be more and it might be less
Been here for years with an ave of 0.6 and 1.6Mil shares. At one point yesterday I was £10k up on the start of the day only to leave it nearly £10k down
suggest that instead of listening to the rampers or derampers you make your own assessment. Lets look at each
Rampers
LB28 stating there is a 2p div incoming. All the usual folks saying this will be 3p by the end of the day both yesterday (didnt happen) and again today.
Derampers
The fundamentals of this company are a game changer. Just because that value isnt yet factored in doesnt make this company worthless
For all to see I'm long (probably too long) on this company and will be here until near the end when we will either be bought out or I'll exit when we are 10p+
Tell me your history with this share or maybe you dont want to hear that both good and bad things can happen to the share price on its way up
Nope theres nothing in there that suggests a stack of cash lying around
Yes it mentions £50M Sinosteel loans (which we dont need so we arent drawing down on it)
Also mentions that EUA are in a position to generate cash to pay for its running costs
This isnt a deramp - I'm just calling out the repeated message that a 2p dividend was incoming when its not. Thats not to say if they sell something and have a wad of cash that wont happen.