Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@jonpwh exactly, we know the likes of VW and other manufacturers are looking to secure supply chains, our debt is chicken feed for someone like that
I don't see how they can raise rough through a placing, what they need is a quality long term finance partner.
Not panicking moon and not selling as there is just no point now, I'm just angry and feel totally conned by management
I wish we were suspended at this rate!!!
Seriously where the actual f Uck are the management!!!!
Impossible to say as we have zero information from the company, truly shocking from management
What an absolute s hit show this is, years worth of savings gone!
Theres actually more resource than that too as we are constantly drilling, the fundamentals are there. I think moon is actually correct when he said this is good, we will soon know the truth for once and can actually start building from there. I'm not happy obviously but I do see a way out to profit in time.
Ironically we might actually see a return for shareholders if we sold up!!! Genuinely might be a better result for us.
Ahh man you just gotta laugh you really have
I'm gutted Zappyman, I still believe it can come good but they have to get this financing right. The option of a raise IMO is off the table so its either going to have to be an improved loan or perhaps some form take off agreement with a customer.
& to those saying stay calm, no!! We as shareholders have the right to demand an explanation on this!
I agree, we have been screwed over here good and proper. I still hold because after a 75% loss there's not much point selling now. Disgusting quite frankly, the sp has been trashed deliberately or via sheer stupidity neither are good.
I don't think screwed as we can turnover more than that debt in a years mining... the issue is managing of finance and efficiency. It sounds like the mine is getting there, they now need to sort finances out.
The asset is massive, they just need to turn it round.
They can but we need clarity, that RNS was shocking quite frankly, I'd be embarrassed to put something out like that.
It must be higher than that moon, thats bugger all really.
Why trash share price though, if you announce a raise or loan deal fair enough, today just raises some quite serious questions.