Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Seems bizarre in the extreme to grant the one year licence extension, including a packed schedule of works commitments (all of which were never likely to be completed in time in the first place), and then delay on granting the approval for the farm out to actually allow AEX/ARA to complete those works...
Hopefully it’s all just for some sort of perverse dramatic effect, and we will get the approval on Monday to allow the farmout to complete at the 11th hour! Fingers crossed for Monday! GLA
“ how long will they take? or like crustypete sugggested during one agm... do the goverment now also need a sweetner!”
Erm, is this not the inflated CGT payment? They’ve also received a chunky stamp duty payment. I can’t see any delays now.
Hi Crusty, yes I did correct myself, the farm out obv not completed yet, but will be excellent news when it does.
If the timescale is purely operational, then it doesn’t make sense to take so long especially since they’ve been accelerating since sept last year I believe..
I agree Edgar! The farmout completion is excellent news. But look at the share price following RA’s interview. This share is sadly infested with lots of short term traders. Without doubt, the catalyst for significant share price growth will be the CH1 drill..
I guess perhaps events like this might have fed into RA’s extended timetable for the CH1 spud date.. i.e., unknown how long the tax certificate and ministerial consent might take to receive. Maybe once farmout is actually complete, assuming that this is imminent, the drill date might pull closer..
The farmout completion is excellent news, but people were excited about it only insofar as it unlocked the CH1 drill.. hopefully there is a more positive message re drill timing they can release following the farmout completion..
Crusty, I don’t know why you bother engaging..
"I'd be very disappointed if we weren't spudding in Q1"
I guess this would also mean that he would be very pleased to be spudding in Q4 2020? I don't think all is lost for a 2020 CH-1 drill, but he is wisely erring on the site of caution due to 1) past performance and 2) COVID-19..
You never know, maybe they might do something ahead of schedule for once.. with all this time to prepare already, and still another 7 months until the end of the year, it seems like an extraordinarily long time to get ready for spudding CH-1..
And it’s clear to see why the SP is being suppressed with Majedie still dumping... once they clear off and we get closer to the drill date this will start to heat up ! Promising news re Director appts as clearly gearing up for ARA to become operator and commence drilling soon !
I don't think you could class any investment with operations in Tanzania as a 'safe haven'. This is a high risk and high reward share, even after the farmout is complete. And that is the very reason I am invested here. The drill is coming, hopefully very soon, I am confident of a fantastic result!
Cheers Robbie, yes, it certainly looks that way. It's been a long long wait but I am very excited about what is coming our way. We should finally get to see the exceptional flow rates that a properly specd and managed drill can achieve at Ruvuma! All the best