Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I just looked at the video again, towards the end of the clip at the spod floatation section, it looks like spodumene of some type is floating off the top, the view is under the grating. ????
also I think the video was recorded tuesday night so there should be a fair quantity of spodumene produced by now at a ROM feed rate of 50 tonnnes/hr???
As a long term and large holder I will certainly support GR at the special general meeting (12 August, to be confirmed)
GR is playing an absolute blinder and I fully believe he will sort CANMAX out on terms suitable to PREM. If he can not make them see sense then he has plenty of time to sort an alternative offtake partner,( approx 14 weeks until the new bearings arrive) and subject to a short term loan or whatever.
Once STARK have completed their upgrade which they are now at the cusp, and shown that the plant can produce SC6 or thereabouts at a reasonable rate the share price should rise substantially, to such an extent that should GR wish to issue new shares after the SGM they will be at a substantially higher price than today and consequently less dilution.
Not long now for a share price hike in my view.
Canmax can not afford to play hard ball with PREM for too long. Their Share price is down 1.7% today and in 6 months from 48.7 to 34.04 today. I appreciate that the pre payment to Prem is a relatively small amount to them but the bad publicity re a potential inability to meet the recent Ford agreement would not sit well with their share holders me thinks.
I am a long term holder and have not sold a bean.
Makingcash
CANMAX pay 90% of the value of the shipment once it leaves site, PREM receives the 90% value and can repay the loan when they please but within 1 year.
The 10% retained by CANMAX will cover any shortfall in weight eg through evaporation plus (I think) it is also designed to cover any shortfall in quality.
snowking.... very well done one your contribution to Marks excellent video.
All looking very very very good!
I have been waiting for this day for quite a few years. I first bought into prem @ .0092 ...20/4/16. I bought all the way down and back up. Have more than enough shares to make the last few years of my life very comfortable. Have no intention of top slicing until 1.5P.
It would be good if the friendly Zim reporter took some pics of the new open pit mine, this if my memory serves me well was due to commence over a week ago. By now the first blasting should have been done, if so an RNS to the effect surely would be a newsworthy event and one that could kick start the share price on towards 1P and above ??????
a lot has been posted about revenue being $20M/month. I don't think this will be possible from start up as I imagine it will take a few weeks to fine tune the process?
Finished buying now as have more than enough shares, will not be selling any until well over 1P
now trying to top up as much as possible, just done a £7,000 one, and will continue as much as possible. You only need to look at what happened to Pilbatra share price once production was nearing. We will not see this price much longer.
I wonder how much DAZ is being paid to keep this share price down. Yes he has declared he has no holding....most pai.d tw.ts would not do this. Perhaps its a bit of smoke a screen to try and keep his true objective hidden.