Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
has caused many investors to evaporate and chase gains elsewhere as you need to be patient to hold here as progress has been very slow. I was expecting news on an acquisition by now and am some what disappointed that hasn't arrived yet but it could arrive any time, we just don't know. I'm not expecting news on Storuman until May but I do expect mining license to be reissued and when it does the sp will rocket without doubt. I guess the question for everyone is do you want to risk being out when the news drops and any losses that an individual holds will quickly turn to huge profits.
Admin costs here are ridiculously low, with management also prepared to take shares in lieu of wages. Last annual admin cost were �550,229. Compare this to STI with a market cap of �4.2 million who have just posted a loss for the year of �8.3 million which was offset with a profit of �2.9 million from the fire sale of their only production asset. They are also being chased for tax liabilities in Turkey and UK and only have circa �1.6 million left which will all be evaporated away by admin costs in the coming months. While progress here is slow it's obvious that the BOD are prudent and have the best interests of shareholder at heart and are not syphoning wages at the expense of the business. Admin is incredibly low, directors renumeration the same and as soon as progress is made on any of the projects the sp will fly. IMHO
Seems as though the CEO of BEM is thoroughly sick and tired of the Sami and the Swedish Mining Inspectorate too from his statement on Monday. I'm sure that most of the licences that are going through review will be re-issued as the Swedish Mining Inspectorate would completely turn off all mining exploration companies from their jurisdiction in the future if they rejected all mine site applications after letting these exploration companies spend hundreds of millions on exploration and in their local economies only to reject them once it came to mining, especially when every concerned party except the Sami want the projects to go ahead. Most of the Sami objections are quite outrageous too. That's why I'm certain that patience will pay off and before the end of Q2 we will have a mine licence at Storuman and double digit sp.
There's no point guessing where the sp will be as nobody really knows. But with a resource of circa $6.5 Billion in the ground of fourspar at current Chinese market prices it's pretty safe to say that with an off-take agreement already in place with Posshl the re-issuance of a new mining licence at Storuman and a new project which will add further to the resource and likely be in production a lot sooner the sp should react rapidly to reflect the unregistered value here at the present time. GL
I went to the Swedish Mining Inspectorate website and emailed them direct and received a direct response the next day.They also have updates on their website.
Tertiary resource in ground valued at $3.9 Billion when fluorspar was trading at $300 per tonne but not acidspar has jumped to median price of $500 per tonne the value is a whopping $6.5 Billion !! Wished they could just get on with getting license re-issued, I've spoken with Swedish Mining Inspectorate and it seems all but done with just the Sami wanting reassurance on a larger area environmental study which the company is now doing a far reaching study to satisfy all interested parties. They have until May to re-admit application after which we should receive our license to mine if all satisfactory. Should be well worth the wait when license is issued and see an sp leagues above where we are now.
I'd be more interested in going over Hammams next set of results to see if there are any ex gratia payments made to a certain Engelcrook, no doubt channelled through some dubious channels.
I'm sorry but you really do need to research Engelfeckeds time at STI, he was a complete and utter disaster who led this business over a cliff and is now doing so at Crusader. He holds nobody's interest apart from his own and Hammam's. If you believe otherwise then good luck to you as you sure will need it, I only hope that you don't trust your families wealth with this leech.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=TYM.L
are a broker not an II they will give recommendations on value of course superlucky but they are there to broker share transactions not to buy and hold.
They're not investors just trolls who are bitter and jealous at those who bough in at 0.7p just a few short weeks back and are looking at profits of 300% with more to come when the sp goes double digit.
"The definition of insanity is doing the same thing over and over and expecting different results." Everyday you post unsubstantiated garbage about sp going to 0.5p and every day you are proved wrong but still you embarrass yourselves and end up with yet more egg on your faces. Surely you must feel sufficiently belittled by now ??
Leave the poor old shorters alone, it's bad enough they've all lost a fortune and are skint at Xmas without us lot that have actually made money from the rise from 0.7p to 2p laughing at them. On second thoughts they deserve what they get.
desperately trying to chase the sp down to cover there positions. Just like at LION where shorters were saying that sp would tank to 0.7p again and now it's shot up again almost 500% above that, just like it will here. SHORTERS please stay short .....you deserve it
There is generally a broad understanding in mining jurisdictions that after a national geological study has been undertaken and exploration licences have been sold that upon a commercial discovery a mining licence will be granted so long as there is not significant environmental damage/pollution to the local area and/or community. This is demonstrated in the case of Storuman when the 25 year Exploitation (Mine) Permit was granted on 18 February 2016. This was subsequently retracted for reassessment in Dec 2016 due to issues with third party mining at Norra Karr Mine Permit, along with numerous others. Currently now we stand with further EIS accepted and awaiting a re-issuance of the 25 year Expoitation permit. Upon which the sp should fly
I contacted the company with a couple of questions last week and whilst acknowledging the questions I received no answers which is unusual and I would put this down to the answers being price sensitive information which would lead me to believe that an rns is not very far away at all. to give some idea of the questions I put, they were with regards to Storuman licence re-instatement of which objections had to be received prior to Oct 27 by the Swedish Mining Inspectorate. Previously the Swedish Mining Inspectorate had asked for and accepted the updated EIS which is backed by 6 of the 7 stakeholders.
You can see quite clearly by the very tight spread that there are no sellers in the market. With some on AIM with a 30% spread and ours at just 2.5% there is certainly no downward pressure and mm's are willing to take all the shares that you are willing to sell, if you were willing to sell, which I'm not.
effort being put in by the shorters here with so little effect. Always amazes me how both rampers and shorters have this belief that people trust their opinions and that they can move the market price of a share. If ever proof of their irrelevance were more obvious it is here and now where the price has not run away after some blatant ramping by a few and also some desperate slating on short positions by others. The sp is where it is today because investors trust their own views and not those of others with devious intentions.
I can only presume that you have not concerned yourself with visiting the newstrat.co.uk website to see the full extent of why there is huge opposition. Should you take a little time to visit you will find a lot of the financials for which you seek. NAI