Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I suspect the op results are waiting on the Oct lift so they can update the market in the current cash position at the same time
I imagine going private must be on the cards soon
I watched with interest the GGP share price today after it confirmed mine finance. I know the MCAP of GGP is higher but it could not hold onto a 10% gain. I think my expectation of seeing 30p here again is pure fantasy. Any other views?
Myles is an expert investor. Most of his holding was sub 10p although I know he bought in at the last placement I suspect he has offloaded in full and is ready to invest again at the next placement. Let's see if my suspicions are right.
I do blame the Board for the slow pace the DFS was completed despite it being fast tracked. It took years and we have still not had the Feasibility study for Poland or the rutile results which where sent off nearly two years ago. The Board are happy to drag things on as long as they get paid.
As regards the mining permit they should have applied months earlier so it would be ready with the DFS.
As regards funding, no one will lend until the know what it covers such as permitted tonnes that can be mined each year.
As regards the Talaxis deal. Clearly the market does not view this favourably as we lost our free carry to production.
I have to say it but the market does blame the Board who have failed to adapt to the global crisis.