Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
FF totally agree with the prospects on future production based on data etc ! But the ever unforeseen issues that are all part of producing commercial production is only as good as on the day produced .
Main concern again for me is the ever falling of my shareholder value based on share price performance , this is affected massively by the constant placing forecasts that are always at a lower value than an already depressed share price .
By now l would expect the running of my investment to have at least achieved a reflection to production , but it is just following the diluted billions of shares raised to maintain the level of production in my mind .
Now l need to see my shareholder value , as l don’t see as looking at a placing at anywhere near this share price in the next months yrs will achieve that in my opinion .
I’m holding here as l believe it is achievable to raise the share price substantially by confidence of my investment and the only thing holding me back is Dilution beyond our growth period we are currently in .
We have all got to this point by committed funds and risk so growth through production and share price value is in my opinion the only way forward for me .
FF morning ! Given that we assume a fundraising/ placing in some format what do we presume the share price would be at knowing the raise is coming ahead ? Point being the assumption that a placing coming will only run share price down unless a big change in day to day production is also assumed .
This is a concern to me as the share is now just on the lowest price ever which is not a great confidence gainer in my opinion ! Your thoughts
MEM l hope silence is golden as if things all went in the right direction the options will be available to us ! But my concern is the want for a higher share price has just not been pushed forward as much as placings so the position l am in is share holder losses for me the decline has been gruelling as l actually believed in the story and hope that it is not just a fairy tail .
Let’s see the report and hope BOD start to return shareholder value in share price , it is needed NOW !
My opinion as always
Let’s see what can be produced from Cinnabar ?
Flow rates at all sites need to be self funded or we get nowhere as one pays for other and so on !
In the past we take costs of under performing etc from new projects and seems bottom line always drops .
Dilution in the past for supporting projects that fail are the lead weight as the raise is never paid back and so on .
Any way enough said by me , l just expect share holder value in the share price ASAP as this is not too much to expect .
The main message is what good news production brings is just not transferring to enlighten the investors and ultimately the abysmal share price !
This is the main purpose of upping production and getting investor interest ! Having backed this company from day one l see the elements that are involved to one find resource and then to get to production and yes BOD have accomplished that !
Now we need a date for some return on Long term investment return at least the share price increase !
Investors are hard to find and BOD have them but there is just no way l can invest more till this turns to some sort of investment return . Sure there are many more in the wings ! So feed them with a sustainable menu .
We were better off share price wise when we had no current commercial production than now we have 5 + prospective products ? My answer in my opinion is confetti raises and lower than the existing share price so the obvious issue is l will never see a true share price for a prospective investment as share holder with the current way it is funded simple in my opinion as a LT share holder .
I post my opinion to hope there is a alternative so l may see some return eventually on my money that l invested , BOD have a vested interest as they get paid for there services but as far as share holder value, for me the only answer l have ever heard from posts etc is keep average down ! Really .
I need proof that this has legs to keep itself funded through production or it’s just a money burn for investors like me, as we do not get paid through production .
So lm asking BOD to answer investors like me how they intend to return value to my abysmal performance of share value !
I gave patience a go and 8 yrs on my value heath is at the same altitude Garth as Everest .
Awaiting this report which will prove ability of commercial status but that alone will not move this in my opinion and raises on this report later will only benefit us if we get the share price higher !
So Answers please .
Ford l am ok with current production and seems we are moving production to a commercial level for investor interest but we have to keep the interest to a constant forward momentum as the share price is abysmal and just not of any interest at this level which has been maintained for a long time now .
Look like reserve report may change that ! We hope
Oct 22
The Net Production of 6,958 boe produced in the September Quarter consisted of 2,973 barrels of oil and 23,113 MMBtu of gas. The average sale prices achieved during the period was US$91.35 per barrel for oil and US$6.99 (July and August only) per MMBtu for gas (June quarter was US$109.24 and US$5.81, and in each case after transport and processing costs but before royalties).
June numbers
oil and 157,109 MMBtu of gas. The average sale prices achieved during the June 2022 quarter was US$109.24 per barrel for oil and US$5.81 per MMBtu for gas. (March quarter was US$89.53 and US$4.13) (in each case after transport and processing costs but before royalties).