Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Clearly doesn’t support the idea that we will get the SML soon or that sepco will buy in and we will be looking at a cash injection in November, it’s the complete opposite in fact, otherwise we would be flying and holding rises in the anticipation of these things happening, so the market clearly has no faith. It’s like being taken to the slaughter house, you know it’s inevitable but there is nish you can do about it.
Well the market doesn’t lie and it seems to have gotten it right so far to date with Kibo, here we are with effectively nothing but great plans and years away from any sort of income or money stream, not all entirely kibos fault so maybe sitting at 3p, and possibly going lower, well most definitely going lower before the year is out is maybe fair value, not under valued.
Cunningfox, Boffer said this many times recently, he said LC has put fair value at 5.25p, not only though was this deal not set at that price anyway, not like the other company can say, actually Kibo your SP is now shite and has nose dived since we last talked so we want more shares and at a lower price that we can make money on, so shovel ready means literally as of from today we should start to earn money from this deal, this is a long way off just like all the others to be turning a dime. Nothing will come of 2018 not the SML and not the PPA, and not FC, stop getting your hopes up, this is a 2019 maybe 2020 play, all we can do is sit back and wait and let LC continue to keep acquiring projects and watch our shares in issue keep rising and rising. Until the next RNS have a good October. Soon be xmas.
I remember it was last Xmas AP said BP licence will be here, how time flies, the thing is I think it’s just a common theme no matter where in the world you do business, one of my other shares we have been waiting a lot lot longer for a licence and apparently there have been 40 people working on it, it has finally made it to recommended stage but that could still take another 6 months, I feel though that here it could very soon turn a corner, and we will all have very happy smiles when it does land.
Wel I have derisked this more recently, all I have now is a paltry 150k shares, and the chunk in my sipp, 30 years, and I was ridiculed for mentioning I can’t access my sipp for 15 years, nit that I have that time to wait hence why I have now reduced my holding, good bad or what may be, I have lost faith in Tanzania and the project happening, the only reason why I have kept a little holding is for the other projects but they are stil a long way off, do they not still need DFS studies carried out just to start with as well as ML and PPA or equivalent etc etc etc, so if the MCPP is stalled more and more then nothing good will come from Kibo until well into 2020, let’s just hope for all our sanity’s sake we do get issued that SML and we can get a PPA and finally make it to FC
With past experience and the history of this project over the many years and now the new process which, let’s be honest no one seems to have a scooby, let alone oh great LC who was going to find out and let us know, but still nothing, I don’t expect the issuance of the SML this year, just because it has been recommended does not mean it’s still imminent, I Will completely write off the rest of 2018, and I can see this still being dragged well into next year, maybe summer who knows maybe next winter, we have nothing to go on timeline wise and every timeline has never ever been met, I think those that think October or November will be the month are really really clutching at straws, and why do people think that the tendering process will be a quick affair. All I can say is I am happy and relaxed as my main investment in this is in a sipp that I can’t touch for 15 years, this has dragged on for too long and getting longer every time.
I like the fact that on this occasion LC never mentioned any time, he just said what we all know and left it at that, he didn’t say that we will get the licence soon or imminently, but he knows that the next step is award and he probably knows that it should not take forever and a day, hopefully they are choosing the champagne and canapé to have at the big ceremony ha ha ha. Just goes to show we went up thi morning by 12 odd %, imagine the potentially changing rise when we actually get it awarded, and let’s hope it is a big affair and the RNS to accompany it is very brash and really bigs up how big it is and how important it is and how this will unlock revenue.
Did he not already have a deal or a customer lined up in the form of a cement factory or am I getting my wires crossed, either way yes he could start to mine and sell coal while we await further process up to FC, but then again we are a energy company so will he mine coal to sell or not
Sleepy, well said, I did say before that I have been tempted to sell up my isa and try somewhere else but to be honest ther is nothing that I have been looking at that is worth selling at a loss to stick inanither risky play, just ride it out, have a moan now and then, and enjoy the ride, however bumpy, lets see what tomorrow brings, maybe O&W might just be thinking I should of just held out for a little longer, or maybe not. RNS do we think or wait until the big event.
O&W - is SOLO a very sound play at the moment, they are still operating in Tanzania which is proving to be a comedy sketch at the moment, the left hand don’t know what the the right hand is doing, they don’t know whether to walk forward or backward. And they have been on the couple of gas plays for years and years, just had a big share consolidation and the sp is at nearly an all time low (again), is that clown NR still at the helm and is it still a David (king of aim) Lenigas company
He is working tirelessly on this project of that I can guarantee, well that’s what some tell us anyway, the 2’s are looming, think by Friday we will be there, maybe it’s just fate, maybe it’s just not meant to be, it at least not this year, lows keep getting lower by the day, I think at best we might manage to get back to 5p if news is good, well if we get any news at all.
bcl I can completely relate to how you feel and what your thinking, I have contemplated the idea of just selling up in my isa and cutting losses, still keeping the holding in my sipp as that is what is called long term, the MCPP does have a feel of it not happening about it, and with posters leaving all in the same time frame period is a little, how should we put it, coincidental. I just am not sure about Tanzania now, I mean is it really open for business? The next 6-8 months will be interesting, we will either be sitting much higher or dwindling at 1p and still saying the same stuff.
This will not be a quick process, if we do have to tender and wait for others to do also then you can forget this project for the next 6 months, it’s taken years to get here and we are so close yet so damn far away, goalposts moved, games being played, if 40 people working on this can’t get it done then this process has just added a big massive headache to the already *******s situation, there is no rush so this will equally be no rush. If and it’s a big IF, we do not have to go through the process then things might still be on track, but to not get my own hopes up I will be happy if we are at FC position in a years time on this project now it’s already many years overdue so no hurry.
Is now a sideshow and the main event in the big top circus is the big clown with the big red nose and his massive clapper feet - anything to do with Tanzania government and politics that is - yes they are a joke, how many times can you keep changing things and making up new policies just like that, it really is a laughing stock, I don’t see the latest thing as a good thing, one minute we are planning a 300Mw plant with a very very clear view to go to 1000Mw and the next we are in limbo, LC was right to put out that RNS because it’s done now, if he would of said nothing and it got leaked into the press like a previous issue we had then that would of been more of a disaster, but he should of been on the blower finding out if it applied to us still or not and then worded it’s lot better and really made it at least sound like it’s a great thing, so it would only effect anyone new making applications but seeing as we are this far and it’s imminent then it will not effect Kibo, massive thumbs up, that would of shown the market that we are the next big thing as others would be 5 years behind. Anything more negative to come from his and we will be sitting in the high 2’s, just don’t release **** all else to do with the MCPP unless it’s SML awarded, PPA agreed or FC completed, I don’t think our sp can handle anymore, let’s just get good news from Moz and Bots.