Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes I think you could be right regarding price, however, in today’s announcement two things caught my eye:
Q2 looking good for 150mt mined ore ;
Increasing grades of gold.
From memory and I’m not trying to guild the lily, unit costs are falling and additional equipment expected inQ3 should further enhance production and dare I say recovery rates....
I’m expecting H1 revenues of in excess of £12m and guess we don’t have too long to wait to see if I’m in the ballpark.
Gla
For years with very little volume. Today huge volume for MPL and yet the SP continues to slide, I’m a bit confused. Hopefully, it’s not just market makers getting through their stock and bad news coming our way....nevertheless, I’ve bought a few more but I’m not that confident. Anyone out there got any theories on today’s action?
Thanks
As is a director buy in January for 800,000 at 1.225p. Something new must be afoot, surely....why else all this traction?
But where is the interest coming from? I’ve held shares in this company for far too long and there’s hardly any trades but today and at similar prices that have been around for a while it’s a sea of blue and I’m guessing circa 200 trades, so far...I’m flummoxed.... lol
Gla
Trying to buy a few but HSBC seem to be struggling....
What’s triggered the buying frenzy?
Look like buys.... a very large leak perhaps?
Never seen so many trades here today.... r they really all buys? Think I need to check this out.... unusual for a sea of blue and the SP to drop......blast
Looking forward to the Q2 numbers being released next month and if all goes to plan I’m expecting the herd to arrive then. Just noticed that 1.9p has been paid, my policy of buying on the dips may just have came back to bite me!!!! That said there’s still time until July....
Gla
This is taken from the Outlook section of the Yr End Accounts announcement:
· Strategy remains unchanged
· Balance sheet will support current project work
· Regional credit market, the global health crisis and the oil price volatility make conventional term debt challenging; discussions around alternative funding options ongoing.
Sure alternative funding could mean an equity issue but I think something more exotic is coming our way.....imho
Gla
Late buy today, 100,000 shares at 38p !!! News tomorrow? Hope so.
Not the day I had envisaged but hey ho.
Gla
Got some more at 27.4.....
Gla
Bit surprised at today’s movement but I still think there’s more to come and I’m thinking additional finance will be a loan or mezzanine rather than a equity raise at today’s SP.
Just my thoughts obviously.
Gla
Great volume today...