Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Between yesterday and late August there is 6 national holidays in Morocco so numerous long weekends. Purely speculating as don't know for sure but would think it is a busy period for holidays similar to Europe. While organisations might not shut down everything does get that bit slower across August and then pick back up in Sept.
Just my thoughts.
Happy to wait on news to ensure the news is 100% accurate, truthful and geo results are maximised. Yes getting to higher SP will move us past £50m MC and some II interest but the short term SP is only of interest if going to sell in the short term.
I only want the management team looking at the ground, in the ground, at results and the accounts for the next few months. I dont want them looking at the SP and letting it dictate actions or releases.
It was a good week with the webinar, enjoy the weekend with confidence!
Great to see calm and sensible opinions on here without the ramping / de-ramping and name calling I have come across on other boards on here.
Certainly a big shift here in the past month. We got the DFS and all delighted and swimming along and then HL moves aside, GC comes in, fundraising done poorly and now HL taking up President role with $MARI.
I still think a very good opportunity here. Permitting is of course the next milestone and i think GC will bring valuable experience to this. It is a national scale project with a monster of a fertilizer company next door. Big plus for me. Surely will be some off-take agreement there which really de-risks the financing discussions.
If HL can deliver financing here, and get $MARI through all permitting and financing too and both to stage where construction / production CEO's step in he will be a hot commodity career wise going forward and a very rich man.
Sitting tight here and adding more when possible.
PS) $MARI up over 30% in a 1 month. PEA due before end of July. Webinar tomorrow on latest geo results pointing to increased resource
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/941-tsx/mari/80640-marimaca-copper-appointment-of-company-president.html#.XxWIqMC-gwc.twitter
Presume President is the north American equivalent of CEO.
Interesting news.
Had started to watch the presentation on Sat but only getting back to it now.
HL in the online chat:
"Key items for us to address this year and early next year are permitting and financing, but also some final technical work that will then allow us to start basic engineering and get the project moving towards construction.
In terms of success, I have set myself an ambitious target of trying to get the permits and financing largely in place by Q1 2021. That means having the permits in place, at least visibility on some debt, and be well progressed in strategic financing discussions. It is ambitious, but thats what we're aiming for.
The schedule is for a 2yr construction programme. That can potentially be shortened and Graham will focus on nailing down the timelines. So really, once we get financing and permits, we'd be looking at production 2-yrs after that
I was very disappointed by the way the placing played out. While we have no proof, it seems a little too convenient that the moment we start the process of making investors inside the share price starts to fall. When we started the process, we were well north of 5p, and i believed we should be raising at or slightly above 5p. In hindsight, i probably should have pulled to raise, but was committed to providing some more funds for Graham to ensure he could continue to move forward on the project. We were fully funded for permitting and financing and some minor work on site. The work that Graham will undertake is outside of that budget".
GC:
"My main focus in the near term will be on reviewing the Feasibility Study and the technical aspects of the project to look for opportunities for further improvement and opportunity but also to to ensure we do some additional work where necessary to mitigate any risks. Once travel restrictions lift I will be spending part of my time in Morocco - as we get closer to starting work on the ground my time there will increase".
Some short term price pain but as all here in for the long term it all should be well negated over the next 12 months. Its another step forwards to production. We are certainly not meandering that's for sure. In the fast lane with the pedal down!
Agreed they are the next major pieces of news in the pipeline but the DFS is only published 6 weeks. They are also now putting work in to the SOP FS. I have no idea on timeline but there may be some more waiting.
HL did mention Q3 20 to Q1 21 when hoped to have financing in place i believe.
Caveat - novice investor here
Wish could buy in at these prices but funds tied up until month end and a H1 trading update elsewhere. Patience I have to keep repeating to myself!!
Worth remembering the DFS was only released on June 1st. So barely 6 weeks ago. Financing could be anywhere from Sept to Q1 21 I feel. We are in that unknown timeframe now where we have to sit and wait... and hope and pray a little!!
If there was no such thing as a promotion where would any of us be. GC will need to step up as a CEO and more public facing elements but I believe institutions will believe he can deliver the project. Plus have to remember he is only the first in a number of team expansions as the project moves to construction.
Low capex project, stable country, good infrastructure surrounding, impressive resource, OCP on doorstep but of course still risk as we wait for funding.
I see posts from yesterday evening and this morning have disappeared.
Firstly it is the same HL. A poster had suggested it is a different Hayden Locke. He has confirmed it in the email quoted and if you look at his twitter account you will see his interactions with Marimaca on there.
His salary with EML is tiny according to last annual accounts with large payment through consultancy services instead. Am sure is offering same consultancy services to Marimaca.
He is still focused on securing financing for this EML project which given his track record to date I am positive about. We also now have a miner in as our CEO and the asset is still excellent. Not forgetting HL still has 12m share options
Marimaca are about to release their PEA so a few steps behind us here. They have streamlined their corporate organisation, let go other resource assets and changed their name as all focus purely on progressing their Marimaca copper mine. Cant see any crossover in relation to takeovers as a now missing post had suggested or questioned.
Am sure like many I am here because of HL. Would be impossible not to have confidence in the project when listening to him speak. His performance on the day of the FS release when did umpteen video interviews back to back was mightily impressive.
but we are at the stage where after he has given his polished presentation in the city the first question would be... "ok, now show me the man who is going to build this and get it producing?" That's what I would ask even to give him my few quid!!
As for GC being being CEO or an exec director or advisor, call me old fashioned but I want a miner running my mine. Get more people like HL on the board to hold him to task and we are set.
More than happy with his interview and his CV.
First time poster on here and a relatively new investor overall. Got burned last year with an ASX Aussie penny stock that sold the sun, moon and the stars but was an utter shambles. Share still suspended 6 months later.
So have a skeptical mind but cant but be very impressed with HL. No doubt he is a smooth interviewee who can back up interviews as shown on FS release date and never get flustered. A great lead for key finance, partnership and any governmental negotiations in my book.
I liked where he said he tried not look at the share price and preferred not to comment on it. My kind of leader who will stay focused on leading the business and getting those next milestones successfully passed. Firmly believe the share price will look after itself once we move down the track towards and into production. Its hard not to get excited that this is a world class and stand out proposition when hear him talk.