Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agreed! This crowd are an absolute joke! I have ploughed over £30k into this lot over the years. Just 99.5% down! They had a good idea, but clearly they very poor business people, and have sold very little. In the mean time most manufacturers have developed their own filtration systems. Just a matter of time before I lose my final 0.5%!
What have we got to look forward to? Signed contract in April. Pepas Assays in May/June. A potential new JV? Director Buys?????! Good News from the wider portfolio? A fund raise!? Exciting times! Finally! The tricky bit for LTHs will be selling, (when your sell price is reached!) or more specifically being able to sell! Even yesterday during the frenzy I could not shift more than 50k on a dummy sell. GLA
Well we do know more than we did on Friday! As always the devil is in the detail, so to an extent pens are still poised until the full agreement is signed. Given the BOD’s recent track record, it is not surprising this mornings news has not seen a bigger jump in SP (people remain wary!). For me, the main positive from the RNS is that MMA clearly think that OMI are capable of getting to production (or they would have dug their heels in to get their $2m back). That to me speaks volumes, as MMA have a lot more information than we do!
That is twice I have topped up this week (in the long quest to drop my average!) . The first time it showed as a sell, and today it has not appeared at all I (bought on the bell). Is this a ploy by the MMs to try and spook the weak hands? (Strikes me as a very marginal play!). Anyway, hoping we have now reached the darkest hour and the dawn is not too far away! (Could have done without the Pens Poised BS 2 weeks ago!) When (if!) we get Anza back, I agree the Board have a lot to do to repair the damage/broken promises of the past few years. I hope for all our sakes they do. GLA!
I know that everybody’s situation is different, but I hope that I will look back and thank my lucky stars for the C&M period. The impact C&M has had on the share price has meant that I have accumulated around double my pre C&M share holding dropping my average from around 25 to under 10. Chasing this down did not always feel like a good idea when the price continued to drop and we were getting no news, but I kept reminding myself of the assets which made me invest here in the first place. If (as is being eluded to) the board do get the situation resolved in Colombia, OMI could fly in 2024 (and beyond), to many many multiples from where we are now (and I am now sitting on a load more shares than I had 2 years ago). The work that has continued through C&M clearly only confirms that we are sitting on a $hit Tonne of Au here (potentially several million ounces). Yes, the board will need to navigate through some short/medium funding issues, but if we can do this post getting Anza back then it should help soften the blow. Also don’t rule out Project level funding (particularly for Anza), which may help preserve the small number of precious TopCo shares. After a very tough couple of years I have everything crossed that chickenlegs is right about Brad & co, and we all start to see the true value of our assets. GLA!
i too fell for the eua hype and i, like many on this board , am massively down on my investment (to the tune of -90%). at the time when i invested did anyone foresee what has happened with russia? !?! probably not! ! the past couple of years have been tough for lths, eua are caught between a rock and a hard place , with dwindling funds and an asset list, few want to/can go near, given the wider geopolitical situation. who knows, if putin had not decided to invade his neighbour this may turned out very differently. or perhaps eua was always a smoke and mirrors company, set up to con private investors out of their hard earned ££££, we are unlikely to ever know. the one thing that has helped me over the past year or so is the positive outlook and humour from many posters on this board, who have remained hopeful that their investment may one day pay off. we are not daft there is (especially after todays rns) a strong likelihood that we will all lose the lot, but i really just don’t understand people with no interest in this company taking such pleasure in giving it the big “i told you so’s”. why are you ever on here in the first place? i find it pretty strange, and feel sorry for you that this is how you get your kicks, from others misfortune. don’t worry if by some miracle eua do pull something off, i shan’t even bother my **** to come back on here for a gloat!
Feel your pain here, Goldbar! Great concept on paper, but either too early for the market or incompetent management (probably a combination if I am being generous). I have waisted a fortune (over the past 6 years) chasing this down, but no matter how hard I chase it continues to drop! I have written this off, most of their IP will run out soon and most manufacturers will build their own version.
Usually a silent observer, I have been in OMI for around 5 years now, and like most other LTHs invested here for the potential of Anza. I have around three quarters of a million shares with an average of over ten, so like many others, I am also royally f’ed off with what I have witnessed over past year or so. According to their web site OMI’s strategy is to ‘to acquire and develop a diversified portfolio of high-quality assets as efficiently as possible to maximise shareholder returns.’ They certainly seem to be doing the first part, (although ‘high-quality’ is questionable), however to date, this has been achieved at the expense of shareholder value, not their benefit. The BOD’s lack of recognition that the share price has fallen around 95% in 3 years, with no obvious inflection point in sight, and no attempt to articulation what the strategy is to change things (or what is really going on with ANZA), is what annoys me the most. If they do go for a raise, which is looking more and more likely, we will be shafted further. As PI’s we are treated with contempt (not to mention the block on voting), when Brad does front up on SM he comes across like surly teenager reluctantly being made to FaceTime his grandparents. We just need to know you have some sort of plan!?!? At the moment it is not obvious you do, and are burning through cash on some proper random $h1t, on a hope and a prayer that you get lucky. It is like watching a at crash in very slow motion! Really regret falling for Brad’ BS (“Elephant Country”) and investing here! But given my current position, my strategy is now the same as OMI’s, ‘hoping for a miracle! ‘ Between this EUA & ORR, I need one!
https://www.londonstockexchange.com/raise-finance/equity/green-economy-mark/green-economy-mark-issuers-2021?lang=en
ITX recently announced they were on the LSE Green Economy Mark list and the SP went up 30% in 2 days. I notice XSG are also on that list. Some similar PR might help reverse the recent tail off?