Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I don't like the man especially, but he's a brilliant entrepreneur, as is O'Leary. I do like Wetherspoons but non Ryanair.
Martin is a survivor. Sunak's measures should help here.
The bulk sample saga has ended and I for one am relieved. The Chinese processor will have to make do. But why was an inexperienced and inattentive operator hired to mine it in the first place? My message is this: Bernard, don't pass the buck. Apologise. YOU are responsible for this cock-up, my friend. Are you really earning the fat fees you are extracting from us? Or is this a risk-free punt for you?
I will be very concerned if the directors don't dip their hands into their deep pockets at this price. My suspicion is that they earn substantial income from this co already and don't see the need financially. However it would send a very positive signal. Some serious PR needs to be applied here. On that level they are nothing short of imbecilic.
My feelings entirely, Blip. LTH often turn out to be not so LTH in times like this. This RNS was not at all bad but I do have to say there needs to be a lot more - and a lot more frequent - disclosure. Some f&&cking hope! Selling at this price is an over-reaction but it's a market and all they are doing is encouraging MMs to mark it down further.
This benign neglect of the sp has got to stop. Whatever they say on those idiotic podcasts, the sp and the volume traded are a barometer of market sentiment. If the Chinese are not concerned, well that's fine... they are here for the lithium, but they are not the bulk of the share register. For the majority, the sp speaks louder than anything else. If this attitude doesn't change there's going to be a row at the AGM and quite rightly so.
1p would be fine for me, Fosters. We don't know how bright the future really is... this is AIM and big investors in mining - perhaps oil and gas majors seeking increasing diversification away from fossil fuels? - will seek bargains if the mine looks a profitable prospect. BA is an explorer first and foremost and there is a possibility he may want to try his hand at finding new prospects once production has started. He may see his job as done.
Where will that leave us? Open to offers? As EV becomes a mass market, I expect consolidation among miners. God knows how long this will take - maybe years. But I do think that the big shift to mass EV adoption will come sooner than we think, aided by fiscal incentives and penal taxes on petrol and diesel as environmental risks become a pressing political issue.
Best wishes to you and your wife, INI. You're a hero. Yes, the NHS is a vital resource.
I see the market is looking down its nose at this appointment. What will this cost KOD in salary and fees? Yes, the options are fine but, as someone pointed out earlier, there will be money paid out too and we are not being told how much, merely because they are not obliged to disclose until accounts are published. You only ever get the minimum information here.
Do they really give a damn about anyone except the Chinese, SP Angel and the BoD? More broadly, I'm not impressed with the minimal disclosure but I'm not concluding that this has anything to do with the prospects for commerciality. You do get the impression they are kicking the can down the road until they can credibly apply for a mining licence. No hurry, as all directors are well remunerated on this gravy train.
Ned, it was a Barry Bargain at .19, I recall, so I guess it's a stonking steal now.
You are indeed heavily invested and the whole damn world knows lithium is the future. My question is whether some Mr Big will take us out for peanuts. I cannot stand the thought of that. It's war if that happens.
BA and his cohort of advisers with their fat emoluments and options are not aligned with us and the Chinese are only concerned with the lithium. Happily I can't see Zaninovich letting his options lapse as they are the bulk of his rewards, assuming he is not in receipt of cash fees and salary - the RNS is silent on this - so he may be more aligned with us.
Yes, sxx, I agree. BA and his mates have no concern for deadlines, the sp or indeed communicating with PIs. Any lth knows that only too well. As you imply, there is no read-across to the prospects for this project - because that's what it is: it is run as a mining project and not a publicly quoted company. That is probably one of the reasons why instis won't touch it. That's OK - they'll be more interested when the permits drop on the mat. In the meantime it's deemed an uninvestable, small-cap explorer.
BA couldn't cope with a proper grilling. He isn't media savvy enough for that. He's a geologist ffs. Plus there's no way these pathetic PR outfits that get to interview him would ever grill him properly. They don't do that. But who here isn't fed up with the PR bs? You just have to look past it. At the risk of repeating myself this co needs independent research but it's too small to attract City money so too small to merit any independent commentary. We remain below the radar.
The BoD's attitude to the sp is one of benign neglect. Add this to the lack of director buying and I think the board has some explaining to do at the AGM. The 'benign neglect' will have to end if and when an offer is made for the company. We don't want any breach of faith with PIs when things get serious. For the time being it is just a another AIM traders' stock. .