Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Funding shouldn't be an issue if you meet the criteria, however, I think AEG might struggle as they dont have a good record and I certainly think if going by the past there will be a significant dilution of existing investors shares.
It seems the majority of investors agree with me rather than you, which is why it is sub 1p, despite all your waffle. You have no credibility at all so it seems. I wonder how many had a lousy Christmas because they listened to you?
AEG have sweet FA in NF at the moment, just an open door and a chance from the government, by Spinks own admission it is going to be at least a year, and knowing the province make that two before you get the 1st stick, and that is if AEG can raise the money, and lenders in this business are always tight because they got burnt in the past on projects like this.
Lenders want to see a LONG TERM contract for the feedstock, and not just 5 years, they also want to see a LONG term off-take agreement, they want to see a good track record. They also want to see infrastructures in place for logistics and storage, which AEG don't have as yet. If this was Everest you havent even reached base camp yet in Newfoundland.
And once again with the personal attacks so I know I am right, you have no defense. By the way you are a bit out of date on that as well. Keep up dear boy, you are looking very petty and amateurish, but hey who knows, 10p tomorrow and all that, though the decimal point might be out two paces.
I wish peace on you in the new year because it certainly wont be 10p
I have to agree with Joebop, if you call a dodgy graph with no detail, acceptable for financial projections then you are no businessman, and I would seriously challenge the NF feedstock prices.
You have been proven consistently wrong, and have zero credibility in my book, so why do you still spout so much tripe??
Unlike others I only comment on things I know, perhaps you should take a leaf out of my book but who knows maybe you are right and it will be 10p tomorrow just as you keep telling us, but it was 5p when you were saying that and it is now down to sub 1p. Tomorrow, tomorrow is only a day away.
Why dont you just admit you were wrong on Newfoundland, your projections and expectations were miles out, how many billions was it supposed to worth again?? At least you make me smile, so have a nice day.
Sad to see people only now seeing the truth and finally agreeing with me on what I have said all along, even DrM, who has tried to shout me down every time I tried to inform you guys on what I knew is finally cottoning on If people had listened to me earlier they would have not lost so much money. Ce la vie
Also didn't my information turn out to be correct in the end, or am I imagining the current posts about dilution, lack of progress, and current share price?
I gave information relative to a major company official which should have a bearing on investor decisions, I did not personally attack any member of the forum. I hope you can understand the difference, or should I have kept my mouth shut and hid the information from you?
If you think the later then you should definitely not be investing in anything.
Well said Nagy. The personal attacks on here are unacceptable.
This is supposed to be a forum to swop information not for personal insults and mudslinging.
Those who get so hot under the collar should really think whether they have the cool temperament needed to be an investor in any company.
A sensible regard to logistics cost to use Hawkes Bay as they are a killer if you dont get your logistics plan right. We did our costings by the mile and not by the hour so ours were far more accurate. The other factor there is truck turn around time, you need to get as many loads per shift as you can before the drivers time runs out, and being able to run 3 trips instead of just 2 makes a huge difference in your costs. We worked out that having the mill in Botwood instead of Bishops Falls added over a million dollars a year to our logistics cost, and the distance there is only 17 kms each way.
However the sawmill at Roddickton is not usable, it was a pile of unsafe scrap back in 2014 when I surveyed it It has had fire damage, and is really unsafe and falling apart, I can assure you none of you would work there.
It would be cheaper to leave the scrap where it is and build a new saw mill. This cost would not be down to AEG, they just have to make the timber available to local sawmills. The mill already owes well over $10 mill to the government and wont get anymore and the owner Ted Lewis wont be able to raise money elsewhere.
The logical place for the mill is now Hawkes Bay and to install a proper log grading system with inline feed to the saw mill and the pellet mill. This way you dont even have to move the sawdust, everything is on site. This is what we wanted to do in Bishops falls, a combined sawmill and pellet plant
DrM. The bit about me and the goat is not true, and anyway it was consensual and we were foolish, young and in love,
So who do you get your instructions from Drm, urgh I mean information.?
Hi Badluck.
I am not an investor and I would never invest in the company because I know the background of the main people involved. I said from the very beginning about a history of dilution and sideways share movements. I was given confidential advice from an exceedingly reliable inside source and what they said is proven right. I cant pass on what was said or who it came from, I wish I could as it would then stop all the negative posts aimed at me.
In the pellet business if you have a contracted supply of biomass and an offtake agreement to supply a credible end user, then raising the funds is relatively easy. When we looked into this we had a £100 million pot we could tap into once the contracts were signed, a very credible existing US pellet company who would run the project and an excellent in principle contract to supply DRAXat what was then a very good long term FOB price in Canadian dollars. The fact it was in local currency is important as being paid in USD means you could get stung on exchange rate fluctuations which back the killed off a few small companies.
Finally, I think that the share price will bounce back u to 4-5p, so if I had any shares I would hold onto them and cash in on any gains as and when you can.
Zee. The potential in Newfoundland is very high as a good million m3 is looking for a market, but everyone is watcj=hing like a hawk. The slightest screwup and AEG will be jumped on big time. This is a mix of old time Irish, long winters and country folk, they like to moan a lot and they have long memories and hold grudges
HK that made me smile. I am the one who is weird and yet it is you who have lost the money? Glad I am the weird one then.
I cant comment on North Carolina but I do know that AEG are not shipping anything out of Newfoundland for at least a year.
And your use of the word WE, make me wonder more and more about your relationship with the company.
Dr M, revenue from what, or didnt you listen to the Spinks broadcast? I can tell you things move very slowly in Newfoundland, what could be done in months in the UK takes 3 to 4 years there.
Just be thankful they have chosen a better work site, but that still leaves dock facilities and that could take 2-3 years.
You have continuously ranted at my posts but I have been totally vindicated on every one. If you go back to my very 1st posts I warned about dilution and improper share transfers. Either you are very deluded or a company stooge, even Zee sees it now.
Pasha, why do you say close t revenue, didnt you hear Spiks on the radio and the timeline to production? A year to 18 months as an absolute minimum in Newfoundland, the rest I dont know
I adjusted my position based on the change of information. The latest information makes far more economic and political sense. Trust me Roddickton would have been the kiss of death. I think it is also highly unlikely they will ship from St Anthony now. At the end of the day they are only talking 3 maybe 4 shiploads a year and that will be timed to avoid the worse of the winter. Corner Brook now makes more sense even if it is an extra 50kms.
It should not be difficult to raise $20m CAD, especially in London, I certainly know a couple of companies who would stump that up if the deal was right, I expect the share price will jump tomorrow.
The northern peninsular weather is always bad but more than usual at the moment as I thing they are getting hit by Diana same as our west coast is. I got cought in a white out when I drove to Roddickton one time, a very scary drive i can tell you.