Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I was going to see if we had an RNS tomorrow, check how we open and then sell a chunk to buy in lower...however this feels a bit different now with the events of last week. You will here plenty of chat about P&D but new of Polo was one of the clearest signs yet. Couple that with the absence of news of an extension, which I believe we should of had if there was a need, and it points to finalisation of JV proposals and submission.
JV in itself is a massive step, due diligence among other things will have involved the Chinese conducting their own ‘feasibility’ of the project.
Surely all to play for.
i don't think we will get one GP. My guess is Tuesday if at all.
Agreed reggie but you have to admit that simple submission of the Proposal to the GoB or JV news alone wouldn't be enough for Polo and Dyani to commit. Yes, Polo are diluting to allow Dyani to divest but they wouldn't do this if they knew Hasina, as previous stated, is continuing to block.
The pandemic WILL force countries to look at energy security and the GoB may feel that enough is enough. They won't want GCM to be involved and thats fine as long as compensation is suitable. Removing GCM maybe the only thing that makes it palatable to a large group of locals to.
Cracking volume again already.
Quieter board today, less excitable. Remember why this moved - everyone wants a part of it Dyani, Polo, now PI's. The MoU expires this weekend so what are peoples thoughts on whether we will see an RNS at close? If we get nothing are we to assume there was no need to extend and the proposal has already been submitted? I still agree GCM will be taken out long before any work starts but very interesting times.
They will play with this up until close.
couple of weeks of sustained rises will see this primed.
Plenty of ground to make up yes.
Reading a post from Rickyroman last night. Anybody else think the GoB may well use the opportunity to buy the licence from GCM on the cheap(ish) and move forward with PowerChina and enter into their own agreement? We could still see a substantial return but not sure what the figure would be.
Any thoughts?
added a few but took ages. The market things this is positive. Still nothing from GCM though regarding extension...
i guess an important question if has progressed then is that 'is now the right time to be announcing a JV'...most certainly isn't. I am hopeful of a simple statement informing us the MOU has been extended. Expecting anything else would be unrealistic i think.
Italy potentially easing lockdown early May. the fight continues but positives emerging.
Big recovery in the Markets overnight and today. Chinese report no new deaths - although they report what figures they want to. Do they have to notify us of extension if agreed or can they just stay quiet? I cant think it will be anything other than an extension but what do i know...
GLA
...agree Marv. Expires on Easter Sunday so we have 4 days to hear something.
Been thinking about this a lot and the reluctance of anybody in government to mention phulbari. They could dismiss it completely. The Chinese would have put the feelers out and spoken to senior sources before commuting to a JV. Why waste time and money on something that hasn’t got a chance.
thanks guys appreciated. I guess with no news we have no idea what the suspension was for - my thoughts would be talks and the continued rise of the SP on the trajectory it was on would have complicated things.
morning all, been following this for a while now and kicking myself i didn't buy in lower. What are poeples thoughts on the price of paladium and scenarios when suspension is lifted. Do you think we will gap up on takeover news? What price are people hoping for as a mimimum if this is bought out?
I've held on and off for 12 years, i know some LTH's have been in longer. I was a holder when we had the spike to £3.40ish...i stupidly held and the SP plummeted the following monday! - my point is that on good news this will increase substantially and knowing the mega-project is even larger than i first thought i'm holding until there is an outcome either way. You don't conducted feasability and due diligence on pointless endeavours, Tang certainly doesn't.
It really is make or break in the next 6 months i feel. I think the comment by Tang at the end about GCM being a going concern is probably a statement of truth but the potential remains huge - no one can deny that. Big players involved. I know the Covid19 pandemic has been used a reason that Bangladesh will stay emerging but i truly feel that projects such as this will provide the country with uninterrupted power infrastructure they will need to rebuild. Countries will come out the other side of this and they will look to and welcome investment...
...it might have been conversations had before/after the AGM that led to the flurry of perceived buying. Maybe something was said?
Key for me is if the Chinese really are coming out the other side of this then that optimism may spread a little and these 'small' infra projects maybe exactly what the Chinese and Bangla's are crying out for.
Here's hoping anyway...
Extension possibly then. What are your thoughts Marv? Thinking Tang my pull something out of the bag?
morning - anyone attend the AGM at all? Spike Friday on no volume was positive so was something said? I've been a long term holder, first post here under this alias. When the does the MOU expire?