Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Had a msg from m ellwood indicating things seemed to be progressing well. Think we may hear pretty soon ref the prospectus and the investor webinar. Also read somewhere that line wanted to complete by September, which is pretty fast -4 months roughly…
L
Hedgehog,
The tcp deal failure wasn’t NZI’s fault. The investors who had previously committed to the deal became spooked as a consequence of the rapidly deteriorating market conditions arising following the Truss/Kwarteng economic policy debacle. Whether or not those policies would ultimately have paid off or not is anyone’s guess, but the market reaction to them soooked a lot of people at the time u can’t hold NZI responsible for the choices made by 3rd parties, especially when they’re influenced by factors outside of NZI’s sphere of influence…
L
True, though that will gradually decline during the normal ongoing operations of the company, at least until a deal is completed .
That being said, directors taking no salaries at moment, and corporate advisor budget is being kept at a minimum, so they’re taking prudent steps to preserving cash for progressing deals…
Main market listing is also inherently valuable too…
L