Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm a bit confused! On slide 1 of the presentation-points 5& 6 mention an Optimised Feasibility Study and a maiden resource as being due Q2 FY2021. Isn't that now?
Kamikaiza, hello. You are of course correct about 2020 being a bad year and a lot of companies and their shares have suffered very badly (a friend of mine was invested in Rolls Royce!), but what goes down often goes back up and 2020 will create opportunities for subsequent investment in recovery stocks once this pandemic is under control and companies/economies are getting back on their feet. Then investors will have to decide whether to remain with their current choices or look to those recovery stocks for a possibly better/speedier return.
I think that's a bit harsh, DP, although I do share your frustration. I don't doubt a lot of hard work is being put in by the Board and I am still expecting to make some money here as opposed to hoping to. Nonetheless, it is all taking longer than I expected and come 2021, unless things improve I shall probably start to think about reducing the number of shares I hold, which, if it happens, I'll be sad about but you can't go on for ever just looking forward to tomorrow's jam.
How do you cancel a buy? There've been a few over the years I 'd like to cancel!!
That £190k buy is showing in the list of trades on here now but with a minus sign. What does that mean. You get trades with a minus sign occasionally and I'm never sure what it means.
Good morning TF1. I can't see us getting any news on the MRE this or next week. It's only 10 days since SFR put out the revised date of end of the year, repeated by MM in tat interview he did last week.
Let's hope you're right, Illaquens and let's hope it announces really good news-I'm sure we could all do with some!
I think we may well start up tomorrow on the back of that big buy but SFR have said end of year for the MRE so I don't expect it before then, and I don't expect it to be priced fully in before then.
Hello Illaquens. I'm not laying the blame for everything at MM's door. He is undoubtedly a talented and skilled individual but that doesn't mean he can be good at everything and do everything. I don't think the company is selling itself as well as it needs to at the moment and as talented as MM is I don't think he's a salesman. I like to think I was good at my job but I would never have made a salesman! I hesitate to mention Paul Johnson and I'm not saying we need to get him back on board but he had many of the attributes of a good salesman and I think we need someone with the right skills who can devote the necessary amount of time to attracting new investors which I doubt MM, with everything else he does, actually has.
On the point of the options , I don't know who is on the remuneration committee, so I can't say who was responsible for awarding the options, but he is certainly on the list of recipients-1m under tranche A. As for emailing MM, I'm not sure he'd be too receptive to the ideas of a shareholder with, in the grand scheme of things, a relatively small number of shares who wants to restructure the management team. If any of you big boys on here want to put the idea forward be my guest.
Hydrogen, if our assets are so great, and I'm not saying they're not, why are we languishing at 22p? If the figures on this site are accurate only 300k+ MTR shares have changed hands today, about 0.3% of the shares in issue. Even Thor have managed around 0.8% and Trident have managed about 2.5%. I don't think our shares are being hoovered up. If our product is so good why can't we sell it? Perhaps we need a new salesman!
in contrast to MTR directors who award themselves cheap options!
Which is what I said yesterday(or was it Monday)-people sell for lots of reasons, not necessarily connected with MTR. But they only buy MTR for 1 reason-they see it as making them a profit within their own particular timescale. I agree that MTR could be better at managing the newsflow, which would help get the message across better and perhaps get a few more investors on board.
Unless I heard it wrong, it seems the MRE we were expecting a week or so ago has now been delayed till the end of the year (approx. 6 mins 30 secs in). If that has been released before I'd missed it. Presumably that's why the SP is sliding. It looks like it's going to be a long 3 months!
here this morning ay it. No news, no deals, no posts
Hello TF1. Unfortunately there will always be sellers who need to sell for reasons which have nothing to do with MTR. The problem is there are insufficient buyers to balance the sales. Where's the MRE from SFR? It hasn't arrived when it should have. SFR itself has been on the slide more or less since the MOD deal went through and that's our most valuable asset. Everything else is just potential, which isn't materialising quickly enough or isn't big enough to make a serious impact on the SP. All disappointing at the moment. and the Board isn't generating the confidence to attract new investors in advance of actual value enhancing results from somewhere or other.
I think they'd be more likely to revisit MTR if the SP was sitting at 31 than 21.
Just spreading the load/risk, Doc, that's all, as have far too many MTR than would be considered sensible/prudent.
Hello DP. Not sure what you're getting at with TRR. I've bought a few there and will probably buy a few more when I get the chance-the chance being when I get the opportunity to take some profits from MTR-next week would be good.
PS just finished watching another dismal performance from the Baggies. Back in the Championship next year!
Chaps I hear what you are all saying but what we need here is something to incentivise new investors to part with their own money. I can't see many being persuaded to do that by by the Board granting themselves new options to make money for themselves. Talking about the SP reaching 45/60 won't actually get it there. Look at the chart for the past 5 years. Remove the consolidation and what has the SP done? A few short lived spikes but otherwise not a lot is the answer. We're all banking on the MRE to lift the mood and the SP but unless the NSR is sold , any benefit from that-other than a new spike probably. is several years away for SFR and lord knows when for KLM-I'm not sure I'll live long enough to see it let alone enjoy it. These new options shouldn't be necessary. Surely the Board are on enough without needing a license to print money to get them moving and as I said we need new investors on board 'cos I doubt the existing ones will be creating the demand to shift the SP. I know I won't be putting any more in - I'm already in way above what's sensible.
By the way I find the idea that these new options have been pushed through now to take advantage of the impact of news which the Board knows is about to break absolutely staggering. I just hope it's not true.
I'm inclined to agree with you DP-I think the BoD are in danger of losing their audience. My expectations are gradually getting lower and lower and I suspect I'm not alone. Someone asked on here, when the SP was around the 2.5/25p mark, "is this as good as it's going to get?". Maybe it will get a bit better-or maybe it won't- but unless the prospects are looking a lot better I can see a lot of people exiting if we ever reach 3p. On the subject of GGP, it looks to me as if MTR sold out in the second half of 2019 (although I'm still waiting to get confirmation of that from MTR) and yet the IC article which was published early this year still showed us holding 9m shares. If IC got it wrong (and they shouldn't have done!) why didn't MTR correct it? They should have done. Instead they appear to have perpetuated the error, which led to confusion on this forum as to what MTR's interest in GGP actually was. I think this latest RNS is a investor relations disaster. Just when the SP is stagnating /drifting lower for want of positive news what does the Board do? Release an RNS with details of them feathering their own nests. Aligning their interests with those of investors my a*se!!