Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
After the positive DIA decision, believing we have finally been de-risked, new local CEO, things were looking good, but we are now limping along in treacle with our fingers crossed rapidly approaching the end of 2023 when we were supposed to have had numerous positive updates. I appreciate we can only get RNS with factual updates, but it would be nice to have an update on what is happening in the newsletter from our CEO. The silence is deafening.
You would think..., but we are talking about a country that can't even differentiate between 2 different individuals in power. We and Portugal are in serious danger of missing the boat if things are resolved/ progressed relatively quickly.
Decide not to stress about it, buy a few more on the cheap and play golf. I know from experience good and bad trying to play the markets is a fools game. Rash panic decisions are usually an expensive mistake. Good luck, certainly as a holder here we could do with some, its been a rough ride over the years....
The other tenement auctions may not happen anytime soon! However, I cannot believe the due diligence given over the extended APA approval period, all the hoops leapt through and t's crossed were anyway involved in any corruption.
Hopefully we do get an RNS statement very quickly reassuring investors/markets.
Time for the new CEO to show his true colours.
Just another little notch to the move forward. Haven't checked in for a while but liking the updates.
SP so below what it should be but hopefully in for rapid correction soon.
I've been adding for years and now I'm here for 2.6 mil shares. Never felt so optimistic.
Looking at the time stamp I would say almost certainly both transactions are buys, which raises a couple of questions, I must confess to be surprised that there was that amount of liquidity available and also why the sp has dropped as a result? Could this just be institutional buys as someone has finally seen the value here? There are a lot of sticky fingers here so liquidity must become a factor and could result in very fast sp movement on news.
Because lets face it otherwise you would cry! I honestly believe SAV must be the hardest stock to hold on AIM. Just when you finally think the corner has been turned, DIA approved, de-risked what happens.. the sp drops right back and another (hopefully ridiculous) lawsuit starts. When I started buying here I hardly had a grey hair, well now I would like to think silver fox, but lets be realistic! One day Rodney, one day...
Nothing new but another BBC article about local source ... just reinforces the value we have here.
New Brexit trade rules covering electric vehicles could cost European manufacturers £3.75bn over the next three years, an industry body has said.
The rules are meant to ensure that EU-produced electric cars are largely made from locally sourced parts.
But manufacturers on both sides of the Channel say they are not ready.
The European Automobile Manufacturers Association (ACEA) also warned the measures could reduce output from EU factories by 480,000 vehicles.
And they said customers would pay the price.
The main problem lies in so-called "rules of origin" which come into force in January. They apply to shipments of cars across the Channel under the terms of the Brexit deal, the UK-EU Trade and Cooperation Agreement.
They will effectively ensure that electric vehicles will need to have batteries produced in either the UK or the EU.
https://www.bbc.co.uk/news/business-66889029
It actually only implies a sale process is not currently taking place, it doesn't say discussions haven't be made nor any on going talks are taking place. Might be absolutely conjecture, but then again there might be some smoke!
As they say there is no smoke with fire, and all factors considered I tend to agree this isn't just a random rumour, there must be something behind it. Will be interesting to see how things play out. However, reassuring to hear board feeling they have a strong hand to play, so no cheap deal about to take place. New CEO gonna have hands pretty full from day 1.