Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I propose a new competition with a �10 prize: What will be the peak price of Zn by close of business 30 June? (Not the price ON that day... the closing price at which it has peaked on or before that day, currently standing at $1.6371/lb.) My guess is $1.8201. A better one might be - "Will the price of zinc have any effect on AYM and will they ever develop the mine?" My answer, which I think makes me a winner is a resolute "NO". When do I get my prize or do I have to waste my life waiting on here indefinitely like the rest of the gang?
Are you referring to the 'apparent' good news drummed up by the regular pundits? Perhaps in reality nothing is going to happen and the price of zinc or tea in china has no bearing. The share price will continue to fall.
Hi all. Just checking in to make sure that you're all still banging on about the same old same old. I see zinc stocks are still keeping you hooked. And that new management team for which nothing is planned and you know nothing about yet it's a positive. Blast off in January you say (and that was Jan '17!). Meanwhile the share price has dropped to 2.5p and you're 50% worse off. I'm 50% up elsewhere by the way. Merry Christmas all!
I haven't got a clue what you're talking about. At least it gives an insight into why you're on here spurting the same nonsense endlessly while nothing happens. Meanwhile elsewhere I'm up 25%.
Oh dear...just popped back to see how things aren't developing and the same old same old nonsense goes on with the same old same old talking of transformational this and orbit that. Meanwhile the share price goes absolutely nowhere. About the only thing to celebrate is that it hasn't gone down. Yet.
Someone who provides balanced argument is an "event"? I simply have an alternative point of view which has been justified and demonstrated me to be correct on all concerns. I have made 10% just this week on an investment with foundations and real news - actually happeneing right this moment and I'm not having to wait 3yrs or have my bet, sorry I mean investment halve in front of me with fund raising and dilution. Why? Because I research thoroughly and make objective and balanced decisions. You on the other hand sit and wait for hopefully some development in 3yrs time as you are emotionally invested in your 'bet'. I have given you balanced reasoning as to firstly why it's unlikely to provide you a return and secondly there is most likely to be a significant dip before then. Enjoy your event.
Not really funny is it - just showing that I provided some basis and was correct. My prediction? I think there will be the odd spike driven by these deluded heards (but that's not investment) but the general will be a fallback to low 2's in the next year (including a step down at some stage when there is dilution) then some step climbs in 2019, depending on what headwind they see along the way and most importantly IF there is funding or some major change in the global situation (could be anything from metal prices, other mines or even North Korea). Before any of the less thoughtful start trying to ridicule there, what I am trying to say is it's not an investment at this time and before it becomes that over the 3 year period even they are suggesting (so now assume 4-5 years), it's a long time to have money tied up and any number of external variables could result in losing the lot. I have always stated this is not an investment at this time and there are solid investments with real substance out there.
I read that as preparation for dilution and the share price will drop. MoneyMiner correct Providing this timetable can be met and discussions on project financing are well advanced by the middle of next year, it would be possible for project construction to commence before the end of 2018 with initial production targeted for the first half of 2020. - So 3 years when all except MoneyMiner suggested 18 months (from 12 months ago. Now isn't the time to be buying. Maybe you should all take some of my advice?
You convince yourself of what you like. Lamb to the slaughter.
What nonsense. All you have proved there is you understand nothing.
You lot talked yourselves into being "within 18 months from production". It's now within 12 months of a Feasibility Study. Assume a delay there. Then funding needs to be found. Then there's the small matter of procuring and commissioning all the equipment, recruitment etc etc. So you must now agree that I was right at a minimum of 3 years. And that is if everything goes well. You can see the zinc market is climbing, but do you know where it will be in 3yrs plus? No.
I haven't put anyone down though. I've simply provided objective and reasoned debate why this isn't anything other than a gamble and far more likely to lose money from these levels (therefore a bad gamble). You can berate me all you like, but you have no objectivity and you are emotionally involved. You will lose money.
I didn't berate your choice of investment, I berated your choice of gamble. A good investment is something that has a solid route to financial return. This doesn't and the BoD don't have a track record to provide confidence while the company otherwise generates a loss. Hope that helps.
Whoa there - don't just listen to the rose tinted glasses brigade. The current asset value for the mine is <£10m, along with being a loss making company the current share price is more than fair and you could expect it to drop, most certainly with any dilution (without which nothing can move forward anyway). All the scrap in the world has value, certainly more than £10m or even £1b, but if you can't do anything with it cost effectively (and more importantly no one wants it) then it's value is effectively zero. Just my opinion of course but someone needs to provide balance before people are pulled in under one sided poor advice to an 'investment', or should I more correctly say, gamble.
Just imagine though, if you'd sold on that ramped spike (that your misguided attitude to the scoping study actually assisted), then you'd have made 300%. But you didn't have the insight and now sit watching your bet dwindle away. That's if you did buy at 2p though my suspicion is you probably got caught with the herd mentality and bought at 4p, hence already in the red. You might be better putting your future 'investments' with Bet365 on a televised game. At least you'll get an answer within ~90mins rather than this slow train to nowhere, albeit either way you'll still lose your cash.
But can you sell ice to Eskimos? The point is, for however one might want to dress it to try and lure people into one's warped one sided view to make one feel better about one's unwise 'investment' - something is only worth what someone else wants to pay for it. At present, the product is in the ground and no one wants to buy it. That is the way it is likely to stay and until anything changes, it's value remains ~£10m. In an otherwise loss making company this means that the share price is currently fair to high, meaning you're most likely going to lose money.
Personal attacks? Surely that means you'll have to report a lot of people on here who attack me? On the other hand I avoid wasting my time on personal discussion of strangers and only provide reasoned discussion of this share - objective and based on fact with balanced reason as to why it's a dog. You, and many others however, attack me as it's something you don't want to hear. You'll lose money, but while you're doing it please be fair and report Brentharg as you have intimated. Thank you.
If, and, at best, whether.......just how many straws do you want to clutch at? Nice to see you're now coming round to my timeframes with the 2.5yrs (although I think it will be beyond 3). Soon you'll realise that today's price of zinc has little to do with the economics over that relative period. And copper has been far higher than it is now by the way. But then you can read that as either good or bad, so don't stop anything getting in the way of your rose tinted blinkers. And all this while you wish for 25% dilution. Oh dear.
A likely story Stephen - hopefully you can provide some resistance but I doubt it. My second cousin twice removed lives in Amlwch. Unfortunately she'd been listening to some of the unfounded nonsense on this board and lost over 50% of her savings on it in the last month. She says she's 'locked in' now though hopes that if the Chinese start to use zinc plant pots as she'd found something on Google saying such, that there might be a sudden demand for zinc and by next Tuesday the mine will have been funded, second hand equipment bought and commissioned Wednesday pm and by lunchtime Thursday she'll be in clover.
Your 'bit of a recovery' this week was based on a day trading internet tipster rather than market maker shenanigans. You can try and derail my common sense facts and talk each other up with endless straw grasping, but at the end of the day you must appreciate by now that nothing can happen here for some time. Back where it was and further decline on the horizon but if this doesn't fit with your thinking then please have a go at me rather than objectively and coldly appreciating the facts before you. You've been shown that metal prices are volatile relative to the time to mining, you know the financials for the development are marginal and you know there is no solid discussion of funding. You own a very small part of a dog and no amount of patting each other on the back and endless chat about the cost of tea in China can change this into a racehorse.