Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My on / off affair with this one over the last 7-8 years has come to an end. I suspect the pace will fall somewhat due to Covid and leaving the EU. It's still a company I keep an eye on and remain up to date on news but unless it falls to around £2.80 I doubt I'll be buying back in for a while. It has definitely been one of my top 5 investments for profit over the years.
These are certainly the best times to buy in at better value whilst the sheep flock elsewhere.
Opportunities like this come infrequently. When its raining gold you'll have wished you held out the rucksack rather than the purse !
I was trying to refrain from buying anymore due to needing capital elsewhere on property. But the more I do similar calculations to what middleEast has put out there, the more I keep thinking perhaps delay those plans and snap up at least another 250000 shares. I considered doing that around the 10-15p mark - hindsight aye?
This is no different to the company I work for - every year we exercise our options as well as sharesave schemes being launched. Just the handful of directors on their own get around 500k shares and in an average year there will be around 750k-1 million shares exercised - although we only have about 100 million shares outstanding.
Todays RNS is pretty insignificant - it's just a legal informational update which has no real note worthy consequence.
Should have results during January of initial drilling - in the interview I'm sure he mentioned less than 20k metres being drilled initially so shouldn't take too long to get the assay's
I'm not usually one to bump up spam or off topic discussion. But when I see a link to information on that domain - all I can say is proceed with caution, the website severely violates basic standards of credibility and transparency. It also has a history of repeatedly publishing false content with many failings in the way it gathers and presents information responsibly. Not to mention it's headlines often being deliberately deceptive.
Just viewing the website tells you what it's about and what their trying to achieve :-p
The fruit on the trees is far from ripe. I bought in at various levels from a touch below 4p right up to the early 40's with another £10k. If you think you have missed the boat - go educate yourself.
I suspect they will complete in the region of 250k metres of drill core sampling +or- a few thousand metres underground sampling prior to a final feasibility document. There will be "proven" g/t's along with "probable" g/t's which will be well educated forecasts as is the norm in this game. What we want is a minimum 8 g/t's+ and the nearer to the ground surface the better for maximum profits per oz vs extraction costs.
What I hope we get is 20+ g/t's average proven sampling at 1 million tonnes, which = a big green light with GO GO GO. You then have a probable extra on top of that which could be another 3-4 times as much as the proven sampling with slightly lower grades per tonne. In any case, the infra is getting constructed at warp speed in that scenario because right now, with everything that's going on in the world, gold will be in high demand and these guys won't want to hang around at the current gold prices. They have deep enough pockets to pull off the fastest feasibility to production time in history fuelled by the current and future price of gold.
From my 2.5 years research on Anza, and 4 years getting clued up on mining since jumping on the AAZ wave in 2016. You'd be the biggest elephant in the room to sell this share off now and an even bigger baboon to think this ship has sailed.
Anything written over a couple of paragraphs by me is generally well researched, well understood and fuelled by just a little Seadog Gin ;-)
Don't be surprised if just after say 30-50000 metres of decent drilling samples that this hits 60p+. This is no pie in the sky once that happens.
I have a huge watchlist- probably 40-50 companies and only 2 of them are on the green today.
This is reminding me of back in March - whilst everyone is selling and running for the hills, I kept buying more in 4 or 5 companies at the top of my list - inc OMI.
There's been a conflict in that area for years - 70% of the gold mined is done so illegally. That's why these gold companies also bring in their own armed security. The local illegal miners resent the fact the legitimate companies are coming in and mining the gold. Also being Columbia - illegal gold selling within the country was and perhaps still is a nice method for drug cartels to launder money back into the US so they can spend it.
The Government isn't stupid though so has largely jumped on this to ensure the country as a whole profits for the greater good. A shame the same can't be said for Peru where it's getting out of hand.
If people do their research on the timescales with that mine going live - they'll realise just how quickly things could move for us. If you look at the pics of the scale of building work required to build the plant infrastructure - you'll be able to visualise just what was achieved in what most would historically consider a short amount of time.
Other things that people don't consider as part of the process - security. Many probably don't know this but three geologists were murdered and three injured at the site camp back in 2018 when Newmont still held 20%. Newmont has a pretty good safety record so I would imagine they were not very happy with Continental. Funny how just 12 months later they sold out for very nice profit.
@middleEast
Where there is gold their is usually silver. Unlike gold, silver isn't usually found in large placer amounts. However, look at the Buritica forecast:
Mineral Reserves for the combined Yaraguá and Veta Sur vein systems totaling 3.71 million ounces of gold and 10.7 million ounces of silver (13.72 million tonnes grading 8.4 g/t gold and 24.3 g/t silver)
Mineral Resources: 5.67 million M&I gold (eq) ounces @ 11 g/t from 16.02 million tonnes, 6.46 million Inferred gold (eq) ounces @ 9.2 g/t from 21.87 million tonnes
Thanks all - btw I wish it was my 30th again - was being sarcastic ;-) Back then there was no disposable funds for such a big play like this. This is my play for a quieter less busy life away from the capital and home counties. Might even put a smile on the Mrs face - stranger things have happened!
So today is my 30th...........cough cough. Where's my 45p-50p close price today. Very disappointed indeed. On a more serious note things appear to be a little more stable. Thanking all those that have a justified confidence in where this stock is going.
Mark my words November to January 2021 will see the ripest pears on the trees!
I have that good Friday feeling - a couple more weeks and some drills should have broken the surface. Despite 2020 being a year to forget - I have a good feeling that in some respects it's going to end on a high note. 2021 will surely start with that news we are all anticipating.
If you've put dosh in without in depth research - well, get clued up boyo
Well lets just say if it was larger than South Deep mine with 32+ million ounces, you can safely say that your going to be in an elite rich share holders club. South Deep Mine is likely to produce gold until 2090 and in 2017 it managed to pull $535 million of gold out the ground at todays gold price.
When I see those first assay results - I'll ramp this rocket to the moon and back. I've already had a bet with myself regarding the initial drilling results. And also if they exceed my expectations by a long shot - I'll be chucking in at least another 20k
Well as a certain person once said - when everyone else is fearful..........................
That would suggest we have piles and piles that need re-sorting again. Might see a marginal increase in Q4