Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The problem at Cab Delgardo is a virus that affects all coastal states of East Africa and has been a threat to each for many years at different times. The problem is that the insurgents are religiously based, although not apparently representing the religion itself. As such it is an issue for the whole of the World. If the Government of Moz sees it is out of control, I feel sure they will seek assistance from Western democracies (I use the term loosely) and they will provide assistance and support. It is just another consideration for investors here as elsewhere in Africa. The insurgents are very much a minority in Moz as they are in Tanzania, Kenya, Ethopia and countries north. I am uncertain as to where Somalia and Djibouti are these days.
Potje - It is always difficult to call it right. Be happy with your profit!
Sak, If you like it at 276p just wait for the production figures for Q4. What was the song ? Double your money!
Company ahead of scheduled commissioning and WCP B in production. All looks very positive.
There is to be a further update on the WCP B move in mid October together with the Production Report for Q3. There is the small question of joining the plants up and floating them across a river and into the pond. I hope that in addition to the update KMR will include a further video of the commissioning work that is currently in progress. I find the whole project extremely interesting and a great insight into KMR's operations. So what about it KMR? It is making all the pain of recent years almost worthwhile!!
Excellent video. Amazing that such a weight was able to travel on a murrum road. Truly informative and I like and welcome the dissemination of information to the shareholders which appears to becoming the norm.
Do you read palms as well?
Being The Banker, I am curious, what type of business are you involved in that is free from physical risk to life and limb?
Cap - Fully concur with your analysis. Trust you are well? Where is Buck?
Ken - If the company had gone bankrupt in 2016, how much would your original investment be worth today? Look on the bright side. You did not have the good sense to sell out before the crash in the share price, so you are today where you are. And that is a lot better than where you could have been. Phew!! You were lucky were you not? Don't go hammering the BoD for your misjudgements. Personally, I am relieved that in today's world of pandemic, we have a profit at all.
Rich - Thank you.
I was wondering how Mz and the mine area specifically was fairing with the epidemic. I have not seen any announcements or updates from KMR. Did I miss something?
Observantken - I do not intend to enter a "war of words" with you. Surely a reasonable individual who felt that a comment made by another may be "potentially misleading" should further enquire of the individual rather than "pointing out to users of this board" an irrelevant statement to the effect that actual "realised prices are usually very far from the list prices." I would ask you upon what evidence you base that statement which is relevant to KMR? Have you examined their price list? Are you aware that such a price list exists? I would venture to suggest that you have not and therefore your observation is groundless. I am not convinced that you have any first hand experience of negotiating supply agreements outside of your local supermarket. The fact that you believe that your statement was relevant and worthy of being published with or without caveats hints at arrogance. That you should then suggest that the original author to whom you addressed your comments, not the general public (the users of this board) as you now claim, should do his own research is totally unworthy. An honest poster would not have to rely upon a caveat or the exhortation you adopted. Your comments speak for you. End of conversation, I do not have the time to waste.
Observant(?)ken - I am not sure how long you have been invested here. Not long from my memory, but then my memory is not what it was. I am of the view that your suggestion to another poster who has been a shareholder here for a substantially longer period than you that he should do his own research is unwarranted and, frankly, insulting. The fruits of your research and the conclusions you have suggested are staggering in their naivety. Covid 19 is worldwide and Moz is equally likely to be affected as anywhere else in the World. Similarly, KMR. That the additional costs are as low as they are and the time lost as little, is a relief. To describe the update as being "Not a good update" demonstrates why you need to rely upon the research of others as evidently you are incapable of interpreting your own. I believe you owe Greeno and apology, but that is for you to decide. As for the "jam", I suggest you should first buy a loaf of bread to make the toast, but do your own cooking. Ihope that when you view the report of the profit contribution from H1 you may come to a different conclusion. But please do not place any reliance on my observation, do your own research and don't post your thoughts with or without caveats. The inclusion of an exhortation to "dyor" erodes the little credibility you command.
Do we know whether or not the suspension of operations are with or without pay? The effect of zero earnings in East African countries would be devastating for the local citizens.
We did fine in Wales this weekend! So many kilts and bonnets, lots of cash over the bars. So sad that the rugby was not played, albeit we understand why that was. Not often you will see a buying opportunity like this in your lifetime!!
Interesting and reassuring phenomena. Long may the ilmenite prices continue on that trend.
You also posted on the subject of the soon to be delivered yearly results. Of course these are important and eagerly awaited. But I hope that the Chairman will also update shareholders as to their experience of current marketing conditions vis a vis the coronavirus, in terms of sales orders current in hand and future. The hysteria, if hysteria it is, is a worrying market condition worthy of being addressed by the report as a post year end (balance sheet) event.
I know you like statistics, BF, so what about estimated world population being 7.7billion; total coronavirus cases 85,222 of which deaths amounted to 2,924 against 39,559 cases recovered, leaving 42,739 active cases. That is not to say that it has been a serious ailment with extreme consequences for the 2,924 and their families. They have my sympathy, but the bulk standard influenza causes between 290,000 to 650,000 deaths annually.
The flu season in the Northern Hemisphere is suggested to be from October to April. We are therefore 5 months through the Northern Hemisphere season with two months to go. It therefore seems that the outbreak looses its significance when taken in context. It does not compare to the other ailments already circulating the world, especially the developing world. But they do not sell newspaper or fill newscasts. They are not sufficiently sensational !!
We should treat Covid19 as we would any illness, including its viral cousin, the common cold. I actually believe in quarantining oneself when I am afflicted with the "common" cold type illnesses. It is not fair to others if I am coughing and spluttering everywhere. So, bring it on and let us all get back to normality and exercise some sense of proportionality.
I thought that I would quickly look at the Asian Flu epidemic of 1957. I was 10 years of age at the time and the only one of my school of 38 pupils(a very small school!) who did not suffer from it. Again, the virus started in China.
The total lives lost in the UK numbered 3,550. I believe that this puts the current epidemic into perspective, I hope!!
I defer to Buck's right to express concern. But, I also think that the "epidemic" is being overplayed, and the "pandemic" more so. My opinion only.
It appears to me that when a caronavirus case arises, it is quickly isolated. The effectiveness of the isolation may be questionable, but the effort to isolate is there. As this infection plays out, those who are currently less than effective in their isolation procedures will become more effective.
The numbers are minuscule. In every country, perhaps with the exception of China for a totally different reason, there are more spoilt ballet papers in a general election than there are individuals afflicted by this illness. Most of those who have succumbed, we are told, have other overlying afflictions. The numbers suffering with Covid19 are, we are again told, less than those who are suffering from the "annual" influenza bug. I do not know whether or not these statements are correct. I do know that to date, in Swansea, we have one sufferer out of 300,000, and of the total population there are more with VD than Covid19. What does that tell us?
The market is right to react, especially to get the isolation message across to those who would seek to ignore the threat. But that presents a buying opportunity in KMR for those investors with spare cash. I realise that an extended reduction in the level of China or World trade will have an effect on KMR sales demand, but that should likely be temporary. For those without the spare cash, it is a time to batten down the hatches and see the squall out. Let us hope it will soon pass with the minimum of damage.