Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So, when your chairman states publicly to expect 120 k oz production this year, and peeps believe it they shouldn’t be investing lools. I think that is correct , that’s why I stated at the time it was complete rubbish! Along with all the fantasy predictions. Where’s that lalonde curve you were banging on about .
Nero parroted mc stating we could go for production without bfs , in fact mako did . The 2018 permits stated a need to start construction within 18 months . The gvnt offered Cnr a legal swerve but the project is still called almost construction ready. We waited till late 2022 for …….. a bfs ? The intervening 5 years have more than doubled the number of shares making the funding very difficult as stated in the second strategic revue along with sanctions that most of you didn’t see coming or see as a problem. This long time lag with allayed dilution is why this will reward few even if sold!
We all make our own decisions based on the available information. I am somewhat glad that I have ignored most views on here these past 5 years because they have been spectacularly misleading.
Weeks before the sale sign Nero you were talking about not only funding for construction but further drilling, indeed you would be disappointed if it didn’t include extra for drilling.
Agree that aim explorers particularly are pretty much dead however producers move nicely with pog. Cnr like all investments depend on timing , Nero your shout has always been that holding long for all the dividends was the real prize. Neronomics hasn’t been proved to be very accurate has i ? Perhaps e l has a point!
Slim. Have you not sold ? And if not why? That is pretty damning info if true. You could have saved yourself some cash as the sp has continued to tumble. Don’t quite understand your rationale now or previously. There have been times when it has been sensible to sell out and you never appear to have done which is odd given your view
Btw not dismissing your info. Do you know if there are fees if no sale?
“It always comes up” lol no sh.t .
Jack. Either he has it near or is a complete idiot. Not sure which way I see it still. Get it back in what configuration?
Tempting to buy some back . Been adding small ammounts on pullbacks. It is hard to imagine someone being so stupid to take on a $5 m extra commitment with no way of advancing. He certainly cannot do it from this point with no Colombia result. Hmm, how much of a chancer is he, how much of a chancer am I?
Ho hum
No fees trade probably. Although there appears to be massive holders here losing a packet it is obvious from the trades over time that there are many smaller holders that buy modestly (or sell). Whoever sold may have been selling little ammounts over time . It’s not mine but I buy and sell different shares and crypto daily in small ammounts making little adjustments. That is the beauty of no fees trades. Perhaps it is an 18 year old with a small little holding making his way in life.
Hopefully whoever it is finds a home for it that is productive. Could do worse than stick it in crypto 😝. Some nice gains this last couple of months.
Karl, I have a little clutch of aim explorers all are doing badly . However been buying the dips on producers over the last few years and doing ok there. I guess if we get into a real bull run things may filter down.
Good luck
Simms. The bags didn’t give a spike to 34 p. 34 p was earlier, I sold some then. You see a deal in next 3 weeks? We you have been making “am sure “ predictions for most of the year . You have to read between the lines. Mc obviously has to give positive sales pitch ie interest it would be poor if not however you need to go by the facts, 1 year, 3 site visits, no binding offer, record pog but despite your repeated claims of improving geopolitical situation the opposite is true. Doesn’t mean there cannot be a deal but the idea that there are a posse of bidders waiting for the starting pistol seems highly unlikely.
Imv if a deal does happen $100m maybe $120 m is max we can expect and then you need to deduct all the various costs of which I suspect there will be many including 15% tax and mellons interest on any loan and mc rather opaque reward for steering us to a deal. Are Hannan on a no deal no fee arrangement? 40 p tops and decreasing imv.
Expect to see 100% from here if a deal is struck.
Deals are not done on short term pog movements.
Hi jack, won’t be sticking a lot in for now just a little bit on dips. Having quite a good ride elsewhere and in crypto so happy to have a little punt. Happy to sell fast if there is an opportunity too. Have to accept that back to 2 p is just as possible. Agree raising cash with no conclusion in Colombia doesn’t bare thinking about. Reckon funding needed before q3 so matey better get his skates on. If I had bought at 2 p I would be selling half at 3 p to be honest.
Crypto so much simpler . Liking clsk and microstrategy as crypto related shares.
Good luck
Karl. Been surprised how this has firmed up to 3 p tbh. Agree if anza sorted out re rate on cards however I think it is fairly debatable that it will be q1. But yes anyone buying now has a decent risk reward however anybody deep in the doo would be very risky.
Thinking of buying a few back gradually and see how it pans out but glad to have cleared out when the timelines messed up. Buying back at 3 p not too bad after exiting from 8-6 p . Trading is the only way to have a fighting chance with these brigand shares.
Good luck
Good luck jt . Could have done worse than stick it in producers quickly. Been sticking a bit in this last couple of weeks . Hum and Shg having a good run currently. There is plenty of high movers to chance on currently in other sectors. Not getting into explorers long term again.
Mellon has an average lower than most here I wager and likely next funding will be 20% loan , possibly convertible and maybe some nice lower priced warrants. However unlike many here even if this blows out he can offset any losses against other tax liabilities.
Agreed roxi a bid could drop anytime in the last 1 year. However the so has cascaded from 34 p high in this period to 14 p. It is an opportunity for bigcahunas to have a high risk reward punt. Not seeing a lot of buying but fortune does favour the brave sometimes.
Good luck all with the conundrum.
J t. I bought back in after the open offer and regretting it . In around 20 p ave. Selling is a gamble, if news comes this will double for sure. However if no deal who knows? For sure the optimist hopes of 60 p 100 p are long gone imv. I believe you are right to suspect that after a year and just 3 site visits and no deal , there isn’t a posse of bidders waiting for the start gun. The market is not impressed thus far. Doesn’t mean we won’t get an offer but it is likely to be lower than many had hoped for imv.
Thinking of switching a bit out perhaps and putting in crypto. Expecting a good year there obvs dyor . Microstrategy is a good share based exposure to Bitcoin or s couple of miners more risky but fast gains.
Good luck whatever you do.
Not sure if the price of hair is on the up or down cf ;)
I guess that the low ballers are in the five non binders , rejected and up to now Havnt improved their offer to a level that can be taken to binding. Still only 3 site visits after 1 whole year doesn’t suggest a tidal wave of interest.
We are not far from needing more funding so will be interesting what shape that takes.