Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nige
you are missing out the contribution that the young (and foolish) make to this , HTB helps them buy newbuilds , they want newbuilds because in their mind there is nothing to do but move in.They do not get that it will probably go down in price or they do not care , they also do not question the prices , only whether they can afford it, which HTB helps them do along with the bank of Mum and Dad as we have found personally , its a big issue in forcing up the price of houses and we as shareholders are reaping that benefit and Corbyn hates that
Nige , your forgetting about HTB , Corbyn and the trots hate it and would bring it to a halt ASAP to channel funds to something they like , saving the poor and workshy so that at least someone wants to vote for them
Nige
There is of course the issue of help to buy , if Corbyn gets in and cancels it to divert money to other areas then sales will be hit as will margins, they (labour) see HTB as giving cash to greedy builders who then pass it on to greedy shareholders while driving up prices , their focus is on attacking any kind of wealth or indeed wealth creation
They have achieved "F" all for years , spent a fortune on BOD salaries, and now they want to buy a company for £3 + mill
via a placing
The are having a laugh , but its not funny is it , Brass neck springs to mind
I saw it as a "stick with us we'll get the money"
Me too for my sins , been wrong before though
Aubrey : Its a good job I am not a conspiracy theorist or I Might wonder why GR , who does understand mining, was not asking the same question when she chucked a bundle of cash into Sirius. One answer could be , "its bound to run out of support one day doing it this way , then I can ? "
Aubrey I agree with your second paragraph, but do not think that its with hindsight , its a real school boy error.
At initial planning , whoever was the mining expert at Sirius should have been saying "no shaft , no project" , "at least get past the aquifers before you commit further" .Doing that successfully would have compensated for any delay by making finance more viable and at less cost to the company
If the shaft sinking is the key to derisking the venture thereby making it more investable , can someone tell me why they did not start by sinking the shaft first before they ploughed cash into other parts of the project. They surely would have been able to raise more funds at better rates and continue the project that way
Rupertsmum £10,000 Grands worth is chump change not a commitment , in fairness it might be a message , "hang on in there" if all you have got is hope
With this petition talk, its not going to happen (i have a far sized stake in here and wish it would)
Imagine a conversation with Boris and his advisors ,
Boris : With all these jobs at risk, maybe we should save it, could be worth a few points at the election ,
Advisors: No jobs at risk Boris, the mine will be built anyway without our intervention,
Boris: Whats is at risk then , the papers are full of it and there is this petition after all.
Advisors: the only thing at risk are the current investors stake, someone else will pick it up that can finance it and it will be a great benefit to the local economy and the country , but not the current investors I fear,
Boris: so who are the investors ?
Advisors : well a bunch of locals but there is the Qataris , the Norwegian wealth fund and a lot of other big hitters including some Australian woman , a billionaire I believe
Boris : so will that not look like we just saved a load of big hitters money , that could easily fund it between them
Advisors: Your getting it now mate
Boris : but what about the 85,000 locals
Advisors: only 85,000 votes Boris , not enough really , Oh and its against EU rules and we did not step in for Redcar steel did we
Boris : NEXT !!!
Oh I hope I am wrong , but i think the only game in town that is going to bring this home, if he can, is CF and that is no certainty , but his £50 million worth of shares that are now worth the price of a nice detached house in the north east could be a motivation , nothing is over until its over , I am a glass half full sort of person but not deluded, so its down to CF and crossed fingers IMVHO
The RCF has been cancelled so nothing to release after getting the £400 mill surely (think it had to be from II anyway)
If it was that easy i might have put in another £5 k
Gina will come good for Gina , not the PI's and before you have a go , I have a decent size investment in here
Gina coming to the rescue is as likely as HMG sending us a check , its not going to happen
When these things happen , see it befor, there are always a few that come up with these messages , pinch of salt needed here
Gutted like everyone , but perspective needed as always
I am down a fortune , think you misunderstood , gallows humour if anything but definitely not gloating
share Price: 3.57 Bid: 4.37 Ask: 3.00 Change: -6.43 (-64.3 %)
Sorry mate there is no pressure on the government, likely hood of a takeover for peanuts is more likely, it needs to be someone with their own finance in place then the jobs are safe , the current shareholders would not be
No Bonds , No RCF , If thats not fubar then what is
Live , think its reversing
At the moment, but still down 9.13%