Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Klein, Whimax.....yes a decade for me too. I had considered it a life sentence but honestly think we are on the cusp now. Managed to average down a bit at 2p which was lucky in hindsight. Aside from the inevitable day traders who will arrive in due course as they did during the recent spike....the bulk of the shares seem to be pretty tightly held....many have held for years and it would make no sense at all to sell now. Char used to love a Friday?!
Cant fathom why anyone would sell (profit taking has surely nearly been done) this close to promised news. Many things can go wrong but the noises were incredibly positive. Topped up with a few more this morning but it shows as a sell. With our very small MC I think these are a pretty good punt.....
All we need is a short squeeze on Pl
Gooner...20p by the end of Feb might not be far off the mark...so hard to predict exactly what’s coming but for the first time in a decade I feel confident that the SP will be a multiple of what it is now within months not years....AP definitely wanted to let the cat out of the bag but in the context of a decades I can wait a bit longer
topped up with a further 200,000 (registered as a sale!). The risk reward ratio has changed significantly today in our favour....it will take a while for it to filter through but surprised at the muted response in the SP. I think if we come back in 3 months this is unlikely to be lower.
fair points on both sides of the argument bouncy....keep the debate going as none of us know what the next development will be....suspect not a fundraising at this level but dont rule it out.
Grown up debating which is great.....
Good question re Energy Transition Group.....either simply a conduit for Morocco to move from Oil to renewables with gas as the half-way-house....suspect that it might be a different strategy for Chariot but god knows what
Surprised that the SP didnt react yesterday but not that bothered....I am guessing that the day traders/momentum traders/bots etc werent too excited by the news....probably not a bad thing....we are fairly well consolidated above 8p.
BUT what is so positive about the new Rissana License.....(beyond the license itself) is what getting this license tells us about the relationship between the powers that be in Morocco and Chariot....they must have been convinced (probably by AP personally) that Chariot are capable of negotiating off-take/farm-out deals. I am guessing but suspect part of the conversation will have been Chariot convincing them that they are capable and well on the way to doing a deal on Lixus rather than being stuck in a holding pattern (our data rooms remain open bla bla bla). Morocco will be keen to get the ball rolling on offshore gas as soon as possible and Chariot must have convinced them that they can be instrumental in this process. The new license would not have been granted otherwise.
More optimistic than I have been in a decade.