Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Charlotte, you ask a lot of (fair) questions BUT they have all been answered by PG in the recent (excellent) presentations, so i'm not sure why you bring them up?
My guess is you fit into the category of trader an "joined" with the intention of selling up Pre spud (maybe pre results) expecting that to be in October but because the spud date isn't yet "set in stone" you're tied in and "grumpy" about that.
Get a "coffee" and listen to just one of the presentations (i suggest the Sunday Roast one) and it will answer all those questions.
When people put DYOR, Charlotte you really should.
I'll leave you with one thought IF this comes off (MOU1 &2) MINIMUM first year revenues WILL be circa $50M with incredibly low Cap ex to get there, which can't be said for the likes of CHAR whose borrowing costs (in the 100's of M$) are going through the roof, not bad for a company with an MC of circa $30M
But you just need some patience Charlotte.
All the best
SLR have assigned an NPV of US$ 592 million net to the Company. Risk is identified by SLR is solely a commercial risk based on a longer term monetisation of a gas-to-power development, whereas the Company now has a faster and cheaper route to monetisation based on the sale of Compressed Natural Gas by truck direct to the Moroccan industrial market. The Company's management has extensive relevant experience in selling gas to Moroccan end users.
Ref why no JV, Seems to me they have a plan for fast monetisation no JV needed retain 75% cost $3m, Bargain.
Question are PRD in a better or worse position than yesterday?
Answers simple.
SP only relevant if you need/looking to sell pre results.
Checking down sofa for more money.
Redbox where did it all go wrong?
YOUR comment from about a year ago...
I consider this particular forum to be populated with some of the best contributors across LSE and am personally devouring as much knowledge as I can feed on to increase my own understanding of this sector and feel humbled that some of these guys are happy to share their research and decision making.
All the best Red.
Your a strange one, LSE member for only a month, only post on CLON and top poster on CLON BTW, yet you talk it down all the time, so my Q is why would you go out of your way to join this site and spend all your time talking down this one share?
Genuinely interested.
White papers are designed to highlight an issue and propose a solution Civil Servants read them and if there any good it become that CS idea who takes it to his politician who if they think it's any good becomes their idea and then pass it up the food chain to a politician who can do something with it an of course it will be their idea.
Or put it more bluntly if anyone takes any notice of a WP it might make a difference in 5 years +