Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
PoC
CP said this about the pipeline:
"- The BoD and SAG were guarded when questioned about the pipeline though fully recognise that all timelines for production are totally dependant on it
- They have no knowledge of when they will be starting the groundwork for the pipeline nor if or who is contracted to build it "
My overactive imagination has the following conversation having taken place:
APT: we'll need to cost the pipeline construction, it won't be cheap
Tanz: Pipeline is easy we can do this
APT: there's lots of moving parts
Tanz: We got this - a friend-of-a-friend is a specialist in road building; housing construction; building bridges and gas pipelines
APT (amongst themselves). We'll let them find out for themselves and when they come back to us to help them out we'll have more leverage. Shareholders will scream if there are more delays, but it will be worth it for future negotiations.
Thanks CP - very helpful.
"- They have no knowledge of when they will be starting the groundwork for the pipeline nor if or who is contracted to build it "
Won't we need to build some gubbins at our end of the pipe, so you'd expect APT and the Tanzanians to be working closely on it??
The opportunity to bid may help explain why they are so tight-lipped about 3D results. As for funding, if the 3D results are good enough to merit them making a bid - the PR campaign will kick off, the SP will go up and they'll do a placing.
"Encourage the takeover of Aminex. Apparently, even a takeover has regulatory risk as witnessed with Wentworth and Maurel & Prom. Be happy with a 30% premium to market and, hopefully, the takeover will get approval without attracting too many regulatory bodies each requesting a fee."
There's lots of ways ARA can gain economic value from AEX:
1. Sell % equity stake it has in AEX which don't involve a change in ownership
2. Use AEX to raise capital (once it has multibagged from the current price)
These are the two most obvious benefits that ARA has in having its interest held via a plc and why I think it will continue with this structure for a while yet.
"If there is price sensitive information then an RNS is required"
Correct me f I am wrong but your statement should read, "if there is price sensitive information THAT THE COMPANY IS AWARE OF then an RNS is required".
There could well be information that ARA/APT are aware of and which they choose not to disclose to AEX.
If what I have said is true, it could also include e.g. situations where someone in ARA accidentally/by mistake left something on a table and Santos happened to get a glance of it.
Crusty, while SCIR could well end up with less than they had bargained for - that is pretty much an issue between them and the Tz tax people.
Given the lack of leverage that SCIR have over the Tz's, I doubt there will be much scope for negotiation. Certainly, I don't think ARA will see it in their interest to fight in the SCIR corner.
While it could delay our progress, it won't have any substantive effect on it, I think.
Reading the article I came across an ad for a natural remedy that solves the 'quick pouring' problem. way. Never heard of you-know-what being referred to as that.
Though 'pouring' is not the verb that comes immediately to mind. Perhaps for some men it works out that.
Prosciutto: "As a result, any positive developments won't have much of an impact on Aminex."
Are you new to investing?
The number of shares in issues does not impact how a share will respond to news. What will have an impact is the market cap in relation to the significance of the news.
Some investors are put off by penny stocks, but that's a completely different issue.
It can't be very pleasant for them to be at the receiving end of concerned shareholder phone calls and the more specific they are about individual milestones the more likely it is that people will call up in the case of non-news.
So my belief is that they are fairly confident of meeting the milestones they mentioned in the last RNS and expect to announcement meeting them as that happens.
As for the CN-1 location, staying in the current location is cheaper and would be quicker, I'd think. And though I am not expecting it, perhaps more clarity about the Jurassic. Is it the case for example that the best location for the Cretaceous is not optimal for the Jurassic?