Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think any trades at mid will be a continuation of them selling, price is holding firm which is great but we are around record lows. Still concerned about funding, more so now are previous largest shareholder is selling.
The Company also continued to interact with potential domestic and international funders and anticipates that the process to secure the balance of the capital required to develop and construct Makhado Phase 1 will be completed in Q4 CY2020/Q1 CY2021, with construction commencing shortly thereafter."
Dates pushed again, and will be again next quarter report, can see why DB left, we have had the land a long time now proved resources beneath, but no takers, concerned.
Tried finding info on company and man when deal announced, limited info on both considering, maybe just a player who never could or intended to buy if so company needs to buck up, if fully intended and could buy why risk reputation by pulling the plug, maybe funding still a long way from being finalised.
Phase 1 funding are ongoing and we anticipate that this process will be completed in Q3 CY2019, with construction commencing later in the period.
I expect funding will be just round the corner again with construction to follow In this Julys RNS.
In the real world expect a further wait and timescales being put back time and time again.
Don’t require a monthly, quarterly, H1 or2 update, but with all what’s going/gone on some correspondence from the company would be welcome.
Without the wonderful research from Gixer we wouldn’t know of any new products etc that’s been introduced to the market.