Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes as usual, no oak trees gone missing.
However whoever showed up to the CMD have to go back to their offices, have a discussion and then possibly throw in some dosh. It was never gonna be, get on it straight away, as all the info was out there.
Its back to the PR, the image and the people they're using. They also gotta seriously think about having a London office. I believe Deutsch Bank may have left a few vacant offices or was it ABN Amro?
Nosi is right, this is gloomy,
'Far from excited about any of it as my firm belief is that very little new information to be shared other than a dividend policy which is likely to be a couple of years away from being meaningful.'
Cont, the CMD is coming in at a time when the sp is at very low base. After all the news and hype by some on here, its all about how the company and management sell themselves and its been f...ing poor. A CMD is a small effort! Its a sustained effort that will change things, office in London, meetings every day with hedgefunds, letting them know face to face how things are changing in the HM world and in Mozambique.
They're not up to the job. Sit over in Dublin comfortable with the salaries.
One swallow doesn't make a summer. We'll see on the morn of the 17th and 18th, which as you say isn't long now.
Please also note that with China slowing rapidly, it may well be that KMR have missed the boat this time- Big Time!
That's because no one is interested Cont, Its not illiquidity. Its history, current management profile, its their PR and its a cyclical business in a precarious world. Sitting over in Dublin doesn't help and thus they've decided to have a CMD probably cos they came to the same conclusion as me.
Glad to see you back Buck. Some of us were concerned. We need someone to do the research and provide the optimism Albeit of late, you've been getting a bit tetchy!
So can we assume that you are not related to the Carvill family? Is there any reason all your posts were deleted?
Campaign for Minerals Divestment. Explain the sp, illiquidity was the last joke!
Anyway Cont, did Buck explain to you his reasons for departure in a private message? As his biggest supporter, you mighta thought that he would have given you that courtesy!
As Iluka are the largest, the current reference price is $1410. Further to the ZIA and all the discussions they may or may not have been involved with, Im sure they will be announcing their price rise for Oct soon.
Your price projection is also conjecture, nothing more. Ask Trump what he thinks about it all?
As for shooting the messenger I stated that apart from that sentence I had no issue.
Jager,
I don't, solely, but both he, D Robb personally and Iluka revelled in the leading the market at that time. O Leary seems to want to play a shrewder game.
I'm interested in your last sentence! On what basis or where have you seen these figures, who's involved in the industry consensus?
'Nevertheless, there seems to be an industry consensus that we'll see prices of US$1,800 by the end of 2019, and $2,000.tn in 2020'
Fair point Cap but I havent seen this ILU rise from Oct 1st and would appreciate seeing it. Dave Robb supposedly had a similar 'sensible' view to sustaining this business and then went and broke the camels back with his last Iluka rise sometime around 2012. They say all the right things but we'll see. I have little doubt that the demand/supply situation is far more balanced this year than last, yuan is depreciating against the dollar and Chinese traders are reluctant to stockpile. Trump and environmental concerns may well combine to reduce offtake in China and then no amount of increases elsewhere can offset such a decline.
There is one ray of hope - India. Its time may well be coming..........
One other point, all the improved KMR results in the world don't seem to generate a cause for celebration, its the SP dear boy, its the SP!