Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Fdiscounted raise for small change. Not saying full ownership won’t happen and expect it to but likely slower than expected which will probably leave around $600 m in bank imo and need to raise fairly imminently after. Just depends how much momentum it has generated by then ??
Good luck all
Here we are sub 4p so my buy territory now. And spread closed up. Lots to be proved here imo but sub 4 p worth risk.
Jackbal. Glad you kept to your aim of letting go at over 5 p. The chance to rebuy now available. The cash here will be $1 m soon enough so very little drilling will be done before a cash call. I think as usual some of the more fanciful share price predictions may fail to materialise but sub 4 p - 6 p has to be easily fo able which is ok. One step at a time with this outfit I think is wise. They Havnt actually achieved anything yet except a highly end
Yeah slippy. Maybe they are still sending teasers out too.
Maybe Jimski is holding out for your £3.93 . Maybe we are going to have another little raise to see us through ?
I have reduced a bit further, couldn’t resist some Bitcoin miners on the dip.
I guess this will happen some day but 18months with no deal is pitiful and more than a tad boring.
It was almost inevitable that April end was an overhopeful timescale as are the 3 day turnaround in tests imv.
Further delays shouldn’t be ruled out either.
Meanwhile Omi carries on burning between $150/200 k p month. So there is 8 months of funding without doing anything. Another raise to come straight after conclusion of deal imv and anybody’s guess at what price. Hopefully not at the ridiculous discount and price of last one.
Keeping my average to 4 p and not ruling out possibility of adding some sub 4 p in the next month.
Meanwhile mr donut Bitcoin miners looking v good ! 😜
Leematt. I been here since sub 4 p the last time. Unlike most I prefer to trade . I am cautious and the bod do have a lot to prove but if you manage your holding sensibly there is every chance to make cash here depending on how it pans out. Keeping my average to around 4 p again.
Not averse to bailing tho if things fail to spark. As seen recently so can move substantially on sentiment. For me 8 p would be nice and is achievable. Forget the ggp multibags and just see how it pans out. Alternatively invest in donuts. Custard still my favourite.
My tip is Clsk and Mstr but really a few days ago.
If you don’t rate Omi then swap it somewhere else. I swapped some out of Cnr into here as I saw the potential upside better. So far so good.
Simms, he said they are not only replacing reserves but adding them. He cited going from 200 k yo 1.1m so they have replaced any used ore and added 900 k oz in reserves. Cnr have 600 k . They are adding by exploration. Permitting and new concessions. They are making plenty of cash with an underused mill and will be bringing on extra resources on stream. If. Valuations here are to be believed they would need to pay $200 m and then another $100 m to build a mine they don’t need. Imagine how many oz they would prove up with $2-300 m in exploration?
As we know Nicaragua doesn’t give a good return on sp even though it is a good cheap jurisdiction. Mines in safer higher valued areas are more likely imv .
On top of that I believe the gvnt will be looking for Chinese diversity . It is the sensible course.
Whoever it is they are taking an age which isn’t generally a good sign in my book !
Yes,5.8 p obviously was a spike we are hovering close to 4 p. Much better than 2 p. I am happy to see sp go below 4 p so I can average down a bit. Don’t like averaging up in the 4s.
I am of the let’s see what actually gives but ok buying around 4 p .
Jammer. Abundantly obvious yet our saviour stated 260 k oz production. You saying him is a liar innit. Shoulda spent 7 m proving up more oz like they said yo 3 m oz instead of wasting it on a mill. We heard from calibre ozs makes valuation. Funny that a year and a half ago, most here were convinced it was a shoe in for production even predicting outlandish dividends the like of which no gold had ever issued. Funny how it turns out.
Leemuttt. Omi is up 72% this month how much is Tesco up?? Custard are my favourite . Think they have gone up more than Tesco shares but they save me when I am hungry. They’re my wonderwall.
Timing is critical Lee just remember that. Don’t buy spikes!
Good luck
Hall is, that is 209 k cash burn per month. Let’s call that 1.8 m . We are nearly 3 months down the road so your 600 k is gone plus another 100 k . So about 1.2 m left by end of this month.
If it wasn’t for those pesky decimal points eh.
Ilks. Tell Shg holders that or take a look at aris mining reserves and m cap ! There are average prices in the ground for inferred and indicated oz as well as the desireable proven reserves. Perhaps did some research.
Anyone can make up any numbers but the possible purchaser will have different ones. The only things we have to go by is similar deals. Let’s hope there isn’t too long to wait to find out. Hopefully before next cash raise.
30 p hard to crack but looking ok to me. Come on mellonski, get this done by Chrimbo please .
Tj, cash raises are part and parcel of explo companies. However whether it is good or not is dependent on the usage of the cash. The cash burn has been pretty heavy during care and maintenance . The recent 9% raise for 500k less costs cannot be considered good and will cover running costs literally for a few months. The jury is still out as far as I am concerned as to how cash raised will transfer to drills in the ground and share price rise. There are plenty of examples of aim explorers diluting holders to oblivion. Here’s hoping this will be different . Prepared to take a punt but no blank cheque for me. First sign of fluffing and I will be out.