Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Couple of rehashes for this recovery stock.
https://www.business-live.co.uk/enterprise/shares-rise-sheffields-sig-plc-20526981.amp
https://www.proactiveinvestors.co.uk/companies/amp/news/948538
The Ennismore thing is so old I gave up thinking about it, and shorting, and all that malarkey. Seems redundant. I wonder if the sites are to date. Anyway, I take the view it can't do us any harm now, and arguably there may be good in it.
"We are seeing signs of shortages of materials in certain areas, as reported previously, and input price inflation remains significant in some categories. We have navigated these uncertainties successfully to date, despite some longer delivery times."
That is very good news, as concerns over product availability are the only construction concerns I have read being reported. They are on the up, and gaining market share, which is what I had as the main objective this half.
There is more to come on this.
In summary:-
They will be looking at this " 100% owned surface stockpiles of high-grade remnant ore as well as associated copper-and gold-bearing marginal ore, waste rock and tailings. The Company's in-house and uncertified estimates are ca. 15 million tonnes ("Mt") in all categories of material within its portfolio, not including the >3Mt within licences owned by PR Ploutonic Resources."
To establish this "The ultimate objective is to identify and define projects within the Caerus portfolio that can be 'scaled-up' and prioritised into one or more Joint Ventures targeting profitable production using modern designs and waste processing technologies guided and financed by Jubilee."
Reporting regularly over the 6 months "· 6-month duration providing a rapid turn-around of samples and progressive release and reporting of results".
And if Jubilee decide it is worth their while, this will follow. "Any Joint Venture will operate on a profit-sharing basis after recovery by Jubilee of its initial capital expenditure and other 'up-front' costs"
In summary:-
They will be looking at this " 100% owned surface stockpiles of high-grade remnant ore as well as associated copper-and gold-bearing marginal ore, waste rock and tailings. The Company's in-house and uncertified estimates are ca. 15 million tonnes ("Mt") in all categories of material within its portfolio, not including the >3Mt within licences owned by PR Ploutonic Resources."
To establish this "The ultimate objective is to identify and define projects within the Caerus portfolio that can be 'scaled-up' and prioritised into one or more Joint Ventures targeting profitable production using modern designs and waste processing technologies guided and financed by Jubilee."
Reporting regularly over the 6 months "· 6-month duration providing a rapid turn-around of samples and progressive release and reporting of results".
And if Jubilee decide it is worth their while, this will follow. "Any Joint Venture will operate on a profit-sharing basis after recovery by Jubilee of its initial capital expenditure and other 'up-front' costs"
It is an assessment, but a joint venture is obviously anticipated. That being the case, at minimum a substantial part of Jubilee's costs will be recovered early in that venture. "Any Joint Venture will operate on a profit-sharing basis after recovery by Jubilee of its initial capital expenditure and other 'up-front' costs."
Well, I sold Friday - 50p ( or £1 ) is pretty good at this stage, I think. Just my own thing, with no concern where it goes after. I think have I made enough for now under the circumstances. Answer yes, so sell.
Can always catch up again on another leg.