Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Aviva are taking the opportunity to offload. The new broker reiteration target is a more realistic shorter term target, than the ones given before. Really don't know how they get paid, the previous target was released when operational performance was no where near it is now.
sp was 2.3 before the update, now lower. Seems illogical considering the operational performance and continued support regarding funding.
Yep, not sure what people were expecting but there was always going to be a loss. Margins overall for 2016 were poor but again with the recent 10c uptick and increase in superfine sales, the growth continues at a pace
Yep, not sure what people were expecting but there was always going to be a loss. Margins overall for 2016 were poor but again with the recent 10c uptick and increase in superfine sales, the growth continues at a pace
For me this was pretty much expected. I had pinned a 8m accounting loss but this looks better as there was a one off line. Their operating performance is damn good as is the position for 2017. Debt isn't good but with the improving margins/ overall product mix, the monthly cash generation shouldn't have a problem covering financing. I certainly think they should be congratulated for the turn around.
Highest price is only 4 point something, and with the way the MM is controlling things, unless we get some traction that figure is rolled over sometime in June I believe. i wasn't speculating that this would happen, just making a comment about why I imagine the support would continue. Financially in this particular scenario, it would seem a rise in sp and therefore net worth of current holdings, would vastly outweigh future private profits for a long time, unless it's a buy hold and sell again routine sometime in the long term.
Well the good thing is that we haven't had one of those speculative rises that are rapidly dropped on news release, no matter the good content.
Most of the time any strength has been sold into, with the MM holding this to a profitable commission wise range. The results will be much better than previous years but expectations should be kept in mind. I don't know whether people are expecting a profit but in reality, it is about looking to see if the results show that the company has turned the corner with Q4, and 2017 operating in positive territory. I agree with a previous post, and as stated before, we haven't had any updates about funding, so it is logical that there are no forced requirements (as opposed to a planned strategy). I think Andrew would indeed carry on supporting, especially now, unless there are moves to take the company into private ownership... but in all honesty at this level, the best return for his holding would be to see the sp quickly reach a level that reflects shown potential and operating performance.
Yep, it's nice to get confirmation of something that has been on the cards for a while now. It was never about significant revenue from the credits, rather the added value. Although $200-300k isn't something to dismiss. Hopefully the results will point to the future growth but I fear the seller may sell into any strength
further price increases are now filtering through on the naphthenic front, with a good demand lineup. The backdrop remains favourable for 2017 to surpass all previous performance.
continuing to move to a better balance, even with shale output. Also naphthenic based oils are having a strong order pipeline, so the market backdrop is favourable.
Yes I also thought this a possibility Since people are always talking about cash concerns, they had to mention it in some form. I believe it can't have forward statements, so will have vague watch words like, monitoring the position etc. And price action setup carefully managed by MM, their bread and butter for the month.
But clearly they are monetizing it, through increased sales and margin. The direct revenue of carbon credits, at full maximal output, is probably around the order of $500k. Not materially insignificant but just another line in the accounts. It's the marketing potential that is the added value.
I can't see a reason for the drop, apart from those speculators that are in and out on news. Seems a little short sighted.
Not sure why people are taking a negative side, sure lower volume but there are many reasons why volume fluctuates. The first thing that jumped out, was the margin increase, 10c on average, that's really great. Over the whole year that's a significant gain.
finally popping. They've built a stake for whatever reason, and now it's surely making a real move.
Yep, clearly the price was capped and they are happy for people to sell. Either they are short risk on their book, or as I suspect, are filling orders.
Lol just as I finally finish composing/recomposing the post, the Ask jumps nicely.
To add to one of my posts a while back when people were worried about cash. The fact that we still haven't heard anything about cash, surely means they have enough cash flow for current operations? Cash may be tight but if they are managing operations such that they decide the strategy, rather than circumstances, then the sp does not reflect the relative performance gains. I'm beginning to see the sp/spread react with a more familiar price action, or at least one that has not been evident for many months.
Yes, my thoughts have been that for a while now, the entries and spread are facilitating buying under the radar. And to answer a previous post, I do believe as a non director (Mr Black), some notification (buying/selling) is required, outside of TR1 but not 100% sure.