Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So if we could find when fenix sent off their fauna and flora application we would probably have an accurate timeline of when they would start mining, but that also assumes same level ceo's
But If that is the case it also raises questions over the leadership and that would be something they would be looking to avoid, so yes in my opinion that's probably what's happened
And just to let you know, that is only me opinion and could be way off aswell but to me that seems as though what's happened, just can't understand why they would put that out there
@forrest gump knac approval wasn't rejected but whatever was said obviously put back their expectations on approval. I assume it was something to do with the flora and fauna. So I would like for that before native title
It took fenix 6 months after feasibility study and native title agreed before they sent the first shipment. We have funding till early 2024. So would need to complete both within the next couple of weeks to avoid another raise after this. However a raise would be possible if they achieved both beforehand but then there is also the question of the 5 million needed for the AA deal. This has now become a 50/50 wether it survives or goes under and I can't see the sp being much more than double what it is now if they achieved it. So a bit like roulette really now
If he was paid to post, he could come under criminal investigation for false advertising or something similar because some of the things he has posted has been outright lies and meant to mislead so I doubt it. I think he is just a really poor salesman, probably a cars salesman or estate agent
They also said they had a meeting with knac in July, after which they would have a clearer idea when they would be able to start to mine. They then delayed the date they expected to start mining. So why do you assume you will get the native title any time soon? Because max said you would?
@forrestgump not sure keeping you informed is correct, I would say he is more leading you down a garden path. He is saying today rid wouldn't sell his share at loss because he mates with Dan. He doesn't know either if them and has no idea of their relationship. It's just full blown insanity. Rod would know if these shares are worthless and would get rid of them for any price he could get.
Max is just a full blown lunatic, it's best just to ignore him. I can go round telling you the world is flat and posting links to websites where it says the same and post links of people on twitter saying the world's flat. I'm sure everyone would think I'm a lunatic also. I find the people encouraging his behaviour much stranger like cjmorley, smiller napthman etc. He is clearly ill just leave him be and ignore him
Do you think alien would actually be able to do a raise? I'm not 100% sure they would. Their broker has financial issues themselves and I can see them being able to sell it to their customers when most must be heavily under from their last placing. I can really see the final nail going into alien metals coffin soon.
If I'm optimistic, I would say Q1 2025 if I'm pessimistic I would say Q4 2025, if I'm realistic I would say Q3 2024 we will get a pointless RNs's which casually adds in at the bottom we should be shovel ready some point next year, with the possibility of maybe starting in q1 2026 if the numbers are viable then.
Going from shovel ready Jan 23 to Dec 25 is a 3 year delay. Anyway you try and spin it, it's an absolutely appalling performance. Couple that with the amount of funds needed to be raised really this share is worthless at this moment in time regardless what they have in the ground. The only thing that could really save the share in the short term is a JV on either Elizabeth hills and munni munni, but the performance of the alien board has been so disastrous that the chances of them being able to negotiate a JV with favourable terms is very, very doubtful.