Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good riddance to AAA. The offer was nowhere near good enough and very concerning with all the concert parties involved. They do have a point about listing in the US though, that’s how we will get real value as AIM does not appreciate tech in the same way as America
Sheds I appreciate your optimism but after being such a belieber in this project I'm starting to feel very let down. I can't help but thinking management have failed us and we will get done over by a placing which favors Turner Pope's rich clientele. Its very disappointing but it looks like there has been no substance to all the words fed to us
Although I can almost guarantee the price will go down today because people won't read the RNS properly and will just see the word delay and sell ??
The Mineral Resource Estimate ("MRE") and Preliminary Economic Assessment ("PEA") update are due to be completed in Q3 2021, so just over a month to wait now.
Just checking in here as it has been very quiet recently with basically zero volume. If LR continues to believe it is undervalued and private investors cannot value his asset properly maybe he should use some of that nice salary he is receiving to put his money where his mouth is? Even investing £10k if he think it is 3x undervalued would maybe him £20k. For anyone I'm sure that is a nice sum
Bricks I tried to transfer my shares across to JSE when the price skyrocketed over there and literally no one would let me do it. I must have contacted about 20 brokers here in the UK and all were reluctant. The only way was for me to personally fill a form in (can't remember the name of it) and then the whole process would have taken a few weeks before I'd have had access to my shares to sell.
Just reading through the FinnCap broker note too. They will update forecasts once the first system contracts come in, which they state 'we expect imminent closure within a couple of months.' They also say delivering the contracts 'will also lock-in decades of recurring revenues from provision of support and data; likely at very high margin.'
Year ended March 21 results out today. Key highlights for me are:
- At year end £5m of cash
- At least £71m of near term systems business opportunities to be signed in this financial year
- Over 10% growth in transceivers business expected (likely putting revenues for this part of the business at around £9m for this year)
- Significant operational progress and development/improvement of products
It's slow, they know it but crucially they seem to be becoming more positive on the turnaround. They seem like a good, honest, hardworking management team which is fantastic to see. If we keep patience it looks like we'll be rewarded very soon. If sales are £80m this year that would make us extremely undervalued at the moment...obviously a big if with the uncertainty at the mo.
We keep ticking along with good solid progress and I'm happy to keep accumulating at these prices. We'll be rewarded for it soon, just need a bit of patience :)
If we assume H2 performance is in-line with H1 and you value the company at 7x revenues, that's around a £15 per share valuation...makes the AAA offer laughable. It seems like the top shareholders are trying to get themselves a cheap deal or trying to draw out another bidder
I definitely agree with all this BusyBuilder! You've got to love Stu and I'm looking forward to his presentation this week on InvestorMeetCompany. Will be good if he says anything about the takeover although I'm sure he won't be allowed today much.
If LR keeps banging on about how undervalued the asset is (and mentioning how private investors can't properly value an asset like this and how institutions won't invest because it is too small/illiquid) then why not take advantage himself? There has to be some tangible proof of his confidence and I would suggest that 100k shares or whatever he owns isn't very convincing.
Highside I think you've made a great point here - if the asset was as good as LR thinks it is, then he should invest £100k or whatever a meaningful amount is and really provide a big show of confidence. In fact, not just him but the whole management team should really go big. They have a tonne of options but barely any skin in the game. He wants to give shareholders value? Great, why not properly align himself with us.
hi all, could anyone that attended the presentation give a quick summary please? Was there any mention of our favourite, the value event or any comment on the share price? Would also be interesting to hear about potential news flow?
I hope it will be available online at some point so I can watch