Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I feel your frustrations too Glow/Whizz, I really do.
I'm honestly hoping that if we get good gas flows then they will be the catalyst for some upward movement even tho I thought that about the PPA and funding from the Doc but they haven't.
I'd suggest the vast majority have tired of the story hence the lack of take up of the offer and subsequent drop in SP.
Good luck mate.
I agree the Project should have been promoted more Glowlight.
However, what I would say is that we are now at a very important stage of the Project as we await gas flow news.
If the flow rates are strong then we may well see more wanting to get invested in this Company and a lot more noise.
In terms of the length of time in getting up and running, I think the BOD have had their hands tied tbf, yes I think they could've done things better but I'm also positive they've been fed up to the back teeth with the 'powers that be' at times during this journey.
Also they have received reduced salaries along the way, I'm sure they want success here as much as us little guys, after all TG and co have a fair bit to gain should this be a successful Company.
Thanks for the reply old, I personally think this is half the value of where it should be.
I still see huge upside but I think a lot of PI's have tired of the story over the years and the OO uptake up reflected this.
I'm still hopeful and still holding and hoping for some very good gas flows before the SP climbs.
I definitely agree with your thoughts regarding the lack of promoting the Project Whizz, it's very frustrating.
I've said it many times that the SP being low can only benefit the buyer.
Maybe the BoD are comfortable with the SP being where it is and will just let it take care of itself, who knows.
Https://twitter.com/AsiametTweets/status/1683718987849379843
I think it's OK tbh Winni but I guess it's open to interpretation and that will always a problem for the SP.
I guess it's just how you read between the lines which we shouldn't have to.
Lesedi 6 drilling has completed, so we are ready to, or have possibly already started dewatering.
I see the Substation design changes allowing for 25mw immediately and I also see Orapa still being an option for Mamba, but maybe I'm just feeling positive today
Tbf Whizz the slip against the TL Scope isn't a great concern to me as it's not on the Critical Path.
I do think anything negative will make people lose interest as it's been a long time a lot of us have been here.
A few pointers I picked up.
• Lesedi 6 Drilling is now complete
• A further core hole /has commenced – Lesedi 7 site
• TL Construction is behind schedule but is not on the Critical Path
• No mention of Solar or Hydrogen
• Assessment of Substation design to facilitate beyond 10MW (indicating a confidence in Gas Flow possibly?)
• Mamba envisioned to be a separate Project from Lesedi
The last 2 bullet points being interesting and more info would be good on the company thoughts on these;
How much beyond 10MW could they pull with alternative Substations?
And how will gas be transported from Mamba – Is Orapa still an option? I remember Brad saying he believed it to be 145km from Mamba.
I honestly did Whizzer and I'm hoping it still might be but I agree we are not receiving enough info.
The Company is doing nothing to promote the Project and as I've said it before the low SP only benefits buyers and share buybacks and one of them is definitely not going to happen. I honestly think they are happy with the SP where it is.
I would also imagine the good Doctor and the BPOPF are much more up to date with every aspect.
Come on BoD give us some info;
Is the Lesedi 6 drill complete yet.?
How are the negotiations with the BPOPF going with regards to the USD 5M.?
Agreed Winni, higher flow rates equals less pods needed and less funds required.
I would like the BPOPF deal to be completed but maybe they want concrete evidence of the flow rates, who knows.
It's still very slow going whatever's happening behind the scenes and the comms still aren't often enough for me.
Https://www.bbc.co.uk/news/science-environment-66043485
Hopefully the catalyst for copper demand
Hi Winni, I've had a response to some questions I asked the company;
* L6 Drilling should be complete in the coming weeks.
* Dewatering to commence in July and Indicative flow rates received in the next 2 to 3 months.
* The take up was in line with what the company expected (A$7m)
* Discussions with BPOPF ongoing for $5m USD.
* New Investors looking to get involved.
Hope this helps mate.