Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Caterham7 - I’ve just seen your question, and wasn’t entirety sure what you were referring to.. and thought maybe it was the capitalisation of costs to be held on the balance sheet, being of a similar size.
From Rob’s reply I was barking up the wrong tree, so all good. Enjoy your weekends.
That is totally fantastic to read… cheers Rob
In particular the words of the new minister of mines and the knowledge that outstanding matters are not major or in any way ‘deal breakers’ .. more, making sure the foundations are 100%
Fantasy.. you are making some good comments!
As I saw it, there was no ‘presentation’ to speak of.. it was more of a genuine attempt to answer some questions, a few good ones and a more than a few shockers .. Harry didn’t have to front up for this .. especially as he had an eye on time for a flight up to Addis ..
HAA did well in my view , he has never claimed to be a slick front man. But I do think he is a tenacious CEO with a huge amount of personal skin in this game. He also knows his stuff.
I have spent a lifetime on these types of deals and trust me (even if you don’t think you get stressed) you get infected by the stress of others - debt providers, PE sponsors.. and a whole bunch of professionals along for the ride and the money.
I think it would be good for this BB to cut the guy some slack and accept that he is in our boat and paddling his arms off to get us where we all want to be.
Yes, more patience required.. and yes, a poor management of expectations in recent weeks (which p155ed me off massively) BUT… it is happening and it will make us wealthy.
.. one further observation
This gets taken onto the ASX and away from AIM when it’s practicable to do so.l - “other international market”
Then you have a global mining business floated across two mineral based geographies.
Two fingers to AIM will be a very good day
The webinar reaffirmed all I need to know re definitive docs progress and anticipated timing thereof - it further reassured me that in parallel we are availing ourselves of short term, unsecured debt, as opposed to triggering a share issuance.
“Tulu Kapi is one of 3 national priority projects”
“the game we’re in is creating enormous wealth”
Addis next (Gov Agencies) then London (lawyers)
As a stakeholder, nothing else matters frankly
fjones 40
Agree with your price target. This is a big deal a long time in the making and the assets are the assets. Confirmed mine build joins the dots to production AND NPV.
I have one thought on Monday’s Webinar - 4:30pm suggests market sensitive information.
GL
News a.m. on Monday implies something happening prior Friday, or over the weekend.. what if something’s happening intra day Monday?
It’s quite possible that the Webinar is a ‘scene setter’ for an envisaged process to close (signing) on a certain future date….
There are quite a few different, positive outcomes here and I think “the only hope” is dramatic drivel
At this juncture it would make FAR more sense to access short term debt, and repay post TK close out (even with exorbitantly high rates/fees) than it would to dilute via a placing to fulfil a short term liquidity requirement
Manu…. You are the pick of the bunch when it comes to the nauseating **** we get to read here..
You pop up every month or so with the same banal nonsense, you bring nothing of value to the table and are just a poor excuse for intelligence..
“Has the ANS money come in yet - tee hee..”
What a total and utter w4nker
Just watched the latest video… now that is more like it in all honesty
All parties in one place methodically going through the process to close. Plan the work and work the plan.
Timescales are also now very realistic and you get the sense that this time it’s game on and the ‘next few months’ is readily achievable.
This genuinely sits well with me.. for the first time ever.
As a shareholder, I’ve been through the “lost 4 years” that HAA mentions.. in fact I bought my entire holding in 2016/2017 at an average of 1.6p so there have been some very dark days for me along the way, as this is a significant part of my pension assets. I’ve had £100k the wrong way days and felt sick.
This is now behind us thankfully.
The thing that now excites me the most ‘from here on in’ is the momentum build we will see via a regular stream of progressive RNS advisories.. IMHO this will be the catalyst to increase the share price prior to the “lift off” event of TK project/financial close, which in turn will be momentous. This is a big deal.
Plenty of time before this milestone for good news to travel and the herd to rock up..
My own expectation is that we will see the price rise > 100% leading up to TKGM close.. and post close could surprise everyone.
IMHO always
I detailed this timeframe last week and was royally ****ged off and called a “de ramper” .. essentially inferring that I was pi55 ing on my own chips..
Far from it …. I reiterate my belief in Kefi.. however it was always going to be a few months to close.. I said mid March. It may be a bit past that.
I’ll take that apology any time you like Bear. I am a realist and not into fairly tales.
Bear - I remain convinced this will happen, I believe I said as much very recently.
I am a big fan of Kefi and the future is hugely exciting.
That said, I am very unimpressed (in isolation) with how the company has dealt with the timing of project/financial close at Tulu Kapi.
To have indicated end of ‘22 was plain stupid, and a gross mis management of stakeholder expectations.
To state last week that close was/is “imminent” , although a formal offer of facilities from the banks has not yet been received, is bordering on ridiculous.
I am not into ramping or de-ramping Bear.. so whilst I think this is a fabulous investment opportunity (I hold tens of millions of shares, and will continue to do so) I clearly see that the company and board has/have little clue on realistic timescales to close, given where they find themselves with the senior debt providers.
Consequently, they continue to over-promise and under-deliver, which is avoidable.. and should be avoided frankly.