Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I hope the BOD do read this board . If you put something in an RNS it needs to be factually correct and we need to be able to rely on what’s said as shareholders . Early Aug was clearly stated in the last RNS for an update . Again another missed promise further diminishing trust in the BOD . Please try and show some professionalism or sell this business to someone with credibility and vision .
This BOD is a joke , no commentary from the CEO with any positive sentiment , his job is to make a success of the company for the shareholders yet he seems to want to shut it down . No mention of cash reserves , increase since year end . This will be down 30% again on opening .
I think this is good news . Build up the cash pot whilst the oil price is rising and put ourselves in a stronger position by 2022 to make choices .
SML still has significant potential but I’m not sure the current BOD has enough incentive to really push this on . They are well renumerated regardless of progress . I wonder if for the long suffering PI’s selling the whole thing to someone with real energy and drive to take this forward would be the best outcome . My average is 1.4p but I’d take 1p in a heartbeat . Getting small grants to drill a few holes in Cornwall is not significant progress . We need the PEPR and something concrete on how thes projects will be financed .
My view Redmoor is pretty irrelevant for now unless we sell it or agree a JV . The focus of the BOD should be getting the PEPR approved and sorting funding for Leigh Creek . This will make or break for current shareholders . They also need to restore credibility for themselves . Unless progress on this front we will again wonder what this highly paid group of individuals are actually doing ? One man and his dog could run Cobre so they should be 100% focussed on moving something else forward . IMHO
No doubt this company has big potential for the future but has been overhyped and the SP has got ahead of itself , I think it will slowly retreat to more sensible levels before taking off again as results come through - IMO I'll buy back in if it drops to 35p
Need the US investors to now pile in !
I think there are some positives in here . I'm happy to be patient for little while longer to see what is delivered before year end which is only a few weeks away . If nothing by then may be following some of the others leaving this behind .
I wonder how these guys stay busy - For the size and complexity of the magnetite operation one person could easily run this probably as half a role so the BOD should have lots of time to get value from the other assets . Really don't understand why it should take so long to make progress and why we don't hear a lot more about what they are doing .