Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Very sorry to see the company has had to resort to a death spiral funding facility as it failed to get an ordinary placing away 🙁
I've seen these Lanstead facilities in action on numerous other companies and they tend to destroy the share price as Lanstead continually sell shares in the open market to fund the monthly payments owed to the company. The 0.19p premium mentioned in the RNS is just a spoof in trying to fool people into thinking it is a good deal 🤦
Dan even said Kouroussa has already been running at nameplate capacity on some days.
The last 3 quarters have been a great turnaround at Yanfolila and now we have Kouroussa to drive the company forwards
How can the CEO justify a salary $278,000 (from 2022 annual report) when there is so little activity?
The company hasn't even bothered releasing a Q1 production report. It would be reasonable to expect it in April or early May but we're now into mid July 🤷
I know the market cap looks low but it gives a false impression as the bank debt is around $4million and the interest payments are much higher due to the massive increase in interest rates
Hopefully see a decent rise tomorrow now funds have been received from Togo
Shame it is suspended as I think we'd have seen a decent rise on the back of the receipt of $1.7 million RNS
Wow, that's fantastic news. Didn't expect that so quickly. Some were saying the funds would never be received 😉
The market cap hit around £30million in early 2021 yet the company's core assets in Cameroon are far more advanced than back then. ORR has been very successful with exploration in Cameroon to date. The current market cap seems ridiculously low to me so I've been building a position too as I'm confident we'll see a significant re-rate at some point
Any company that uses a Riverfort finance facility makes it a high probability short trade as the share price usually gets destroyed. I've seen it happen time & time again. It is a sign of desperation that a company has to resort to death spiral finance
The market is asleep. It's obviously a very significant discovery for Oriole. Finding high grade gold at surface is a fantastic development and shows the huge potential of the licences.
Despite the share price being at a ridiculously low level which fails to reflect the excellent MRE at Bibemi and the prospectivity of the CLP it will be sure to grab the attention of people in the industry, especially larger gold companies.
Increasing phosphate price is very positive for KRS
https://ycharts.com/indicators/morocco_phosphate_rock_price
There have been 10 issue of equity/dilution RNSs this year which let the share price falling by around 65%. The RNSs suddenly stopped at the end of May as the company ran out of headroom to issue new shares. The company then announced a general meeting to increase the headroom. Now the resolutions have been approved we will see a resumption of the issue of equity RNSs