Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi clue, I believe they have a number of shareholders looking for various amounts which they are looking to place before the end of the month. The company will not issue the full 169m as they are looking at debt funding as well.
All moving along nicely.....
The assets have never been an Issue....................the Executive Chairman on the other hand
Hi all, I've had some Info back from the Company.
The Earth mat changes will allow for 20MW and the Company is still looking at potentially selling Gas to Orapa.
It appears Orapa have a preference for Gas as they would like to utilise their Gas Turbines. The company has said (not for the first time) that a Project separate from Lesedi, further north and with a pipeline direct to Orapa is still a viable option.
Hi Brad, I posted this a few days ago.
Hi Brad, your "Was 169m extra shares second favourite to funding with cash and interest?" could be a good shout mate.
I believe the company are considering offers of debt financing but the terms need to be right.
There's a chance they may not be offered at all.
We're 38% through substation scope as of 23rd of Feb which includes the additional work to take us beyond 10MW.
Surely we'll be pressing on with the Design mods to allow for the 25MW if at all possible.
I'd guess the recent funds will help out.
Hi clueless, this was from Jan's quarterly report.
The planned substation at Lesedi was designed for an initial 5MW of power, however the Company is working on options that may allow the substation design to be adapted to facilitate expansion beyond 10MW.
A new substation is required at the Lesedi end of the transmission line whereas at the opposite end, it will tie into the existing BPC substation at Serowe.
Including the additional work required to expand capacity beyond 10MW, the substations are approximately 37% complete. It is currently anticipated that the project will be completed around mid-2024.
Doesn't quote 25MW but is beyond 10MW so let's hope it is.
And again my page is a sea of green.
Come on guys stop entertaining him, no matter what you say he will have an answer for it.
He clearly bought in when the SP was high thinking he'd struck gold and has now turned very bitter against everything the company does.