Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
WTF are pationts?
@jh, and when will that be?
Always good to keep the factual posts at the top of the board.
"when are you going to tell shareholders either way about the outcome of the potential sale"
BoD response:
"We expect to advise the market within one week of the outcome of the potential asset sale"
Queue excess buying, market disorder and possible suspension. OR...
"We don't expect to complete the potential asset sale within the current financial year"
Queue excess selling, market disorder and potential suspension.
For a company to discolse an 'expected time frame' for a potential asset sale and subsequent dividend payment is both careless and open to market abuse.
"Ah, bugger, have you checked the Kitco spot prices this morning?"
"Yeah! Just looked, want me to terminate that transaction we've been working on for months?"
"Yeah, better do, if the price has dropped off a bit then there's clearly no long-term global demand anymore"
"Agreed." *picks up phone*, "Dmitry, bad news....."
That about sum up how you think the conversation would go? Jog on you silly boy
Likewise! But two key statements stand out:
$50 mil guaranteed over next 4 years
"Transformational for the company"
Well done to all that held/added over the past couple of (pretty rough!) weeks
Right at the mid price.
Also taking the opportunity to top up.
Hugely oversold, below previous placing price and market cap f'in ridiculous compared to what we're going to be producing.
May still be on a downward trend but the risk VS reward now is hugely biased towards the latter.
Straight to the point about how directors of micro cap exploration companies should have “skin in the game” - and he’s right.
11 projects in the portfolio currently with 1 also under due diligence.
Paul said he’s particularly interested in the Uranium sector. Lithium, too. Perhaps we’ll see some of these assets added to the portfolio a little further down the line.
Also really good to listen to the KAV presentation. Unfortunately, nothing mentioned from either about the Kanye JV but nice to see that the company are well researched, focussed and have a clear direction in which they want to progress.
Hopefully more news to follow soon.
GLA