Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You could be right, but the CEO is going to Peru later this month, hopefully to get a farm-in partner signed up and the well site prepared. The original blocker was a punitive tax levied which would have made drilling un-viable. I believe that issue is now resolved. hopefully we will hear more about this at next week weeks presentation or by the end of the month following the visit.
Don't agree spike912. We could have news on a drill partner for XX1 at anytime. If a partner covers the cost of the XX1 drill we could use funds for another well somewhere. It wouldn't surprise me if were to spud XX1 by May.
One. The finance director was going to retire at the end of March but has agreed to stay on until another board member is in place. They need a minimum of 2 directors to meet the requirements of a public company.
Agreed. Deal finalised by Wednesday. Following that there will be an up-tick in the SP. couple that with a new farm-in announcement and your 1 pence target could be met. Near term drilling would help the sp as well. The nearer we are to spudding our first well the sooner the herd will arrive and take up positions.
You can't blame the MM's if someone sells 2 tranches of 3 million apiece. It's a shame they sold when they did because we were building up a head of steam Nonetheless there will be another rise if we farm-in to another block or two somewhere.
Reggie, I think they will be looking for a farm-in partner for XX1 that will pay for most of the drilling in return for 40-50 % equity. So little or no cost to boil. Could mean a third buy-in somewhere over and above the one alluded to in the RNS.