Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Conclusion
After having considered the responses received to the consultation and the potential
advantages and disadvantages of making the suggested amendment, the Code
Committee has concluded that it should not make any changes to the existing regime
under Rule 2 regarding the disclosure of takeover approaches.
Not to support shorting or anything, but the SP has gone up 3%. It's not like they couldn't close out now if they are really worried.
I don't think the SP will jump until there is an update on the sale with some confirmed details, or a resource update.
If you don't have an urgent cash call (sore subject here), then hold and maybe average down in some that you have confidence in?
GGP, EUA have proven resources that are appreciating in value. Both companies seem to be run by capable BODs.
RMM seems to be a bit of a basketcase - lots of copper but no money. I would be wary of going big in there as I think there will be more dilution.
Not sure about the other ones!
I'm using this time to average down in GGP, OMI, WSBN and UFO. I'm already over committed on EUA.
The last 6 months for me have been poor, the previous 6 months were excellent. It just seems to be the way of the market right now. I believe the fundamentals are good in a lot of the shares I have, so I'll hold. But there have been some brutal drops in some others (HEMO, SAE, RMS).
A Isomer says, it's mostly about timing. If you bought in EUA at less than a penny, or even early teens, you are still happy with the share price right now. If not, you have to suck it up and wait for the dividend/sale (if you believe) - if not then take the loss.
A lot of these AIM shares yo-yo in price because of newsflow (or lack of), so it's good to dump on news and rebuy a couple of weeks later. Unfortunately the market doesn't reward LTH as much as traders right now.
I've tried keto to see if it would improve energy levels - I agree it's an awkward diet that involves a lot of prep. You can't really grab too much 'on the go' food.
However there are some good points, namely, bacon and sausages. Seriously, just have a huge fry up in the morning, with some greens to fill up the plate in lieu of toast, beans, hash browns etc.
People try to read too much into this very standard AGM and RNS. We are all just waiting for the big one and I fully trust the board to get the job done.I just hope it’s done reasonably soon as this is just boring, but I’m patient and can wait.
Billions, I see your point and assume you’re referring to Baimskaya? Bought for $900m in 2019, with proven reserves of 9.9mt copper and 16.6mOz gold. $900m looks like a steal now with the rising price of copper.
“ Baimskaya
KAZ Minerals completed the acquisition of the Baimskaya copper project in January 2019. The Peschanka deposit, within the Baimskaya licence area in Russia, is one of the world’s most significant undeveloped copper assets with JORC resources
of 9.9 Mt of copper at an average grade of 0.39% and 16.6 Moz of gold at an average grade of 0.21 g/t.”
With 2021 prices for Rhodium, Palladium, Iridium, Platinum, WK and MT must be at least equal to this would you think, with current proven resource. With MT resource update we are looking at way in excess of this.