Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I would agree that the amount of capital invested by the board is pathetic. Either it shows the directors are all broke which is hardly a good sign or they are hesitate to invest. That said all other indications are excellent and I am planning to hold for quite a few years yet.
Was the license renewed for 25 years? Sorry I missed that if it was.
I don't think this is very likely give the CalE tie up.
Glad JB is now in charge but would really like shareholders to see a license before anymore drilling.
I have always been of the opinion that the twitter and lse PIs are a tiny part of volume traded. It is for this reason I prefer it when we are talking about analysis of the stock rather than the price. Looking forward to reading the annual report.
Hi bloodshot two points.
I believe 2 years to production from financial close (debt and equity) is easily achievable (I used to build mines), research further if in doubt.
It is the speed of projected growth of the battery market not the current consumption that is getting everyone so excited.
I don't know but I suspect that on DD it turned out to be lower and hence the deal value was decreased. I have never been given a clear answer why we paid less than originally stated. Perhaps it was less flow rates or more decoms or both? Any ideas?
60% debt from a consortium of banks
40% equity or about $180m will come from offtake prepayment, project JV partner or stock issue in that order of preference. I am imagining that we sell about 50% of Araguaia for the equity if nickel stays around $16k.
I am expecting offtake prepayment and perhaps a small raise will be used to advance the project power lines roads and water pipes to add value as we raise equity.
I am expecting a 20% IRR hurdle for the outside equity.
Perhaps he is planning to buy the whole company that would make sense.
The company will release results in mid to late August showing a huge increase of revenue in the last 3 months. 3 shipments we're loaded in the last quarter if you paid attention to the shipping in the area. The last one on the last few days of the quarter. Although this is public knowledge if you look for it the market for this stock is small and not carefully watched. The results will be released and the market will get surprised and quite excited. Watch this space. Enjoy.
I felt the BoD was not acting in the interests of the shareholders at the time of the RRE offer. I would have expected IOG to negotiate aggressively towards 25-30p which before dilution I think RRE would have paid. Nothing I have seen since esp. the 10p fundraise has convinced me I was wrong. I must say I was surprised how holders on this board supported the BoD at the time in their zero engagement policy. It is very easy to see these takeovers as a case of us vs them and the CEO of RRE might have been a bit of a bull in a china shop which didn't help. However the BoD has its own However personally I have learnt from the experience not to take a takeover attempt personally and push the BoD to engage to see what is possible. I am holding HZM which I feel is a high probability takeover target and will be carrying this view forward with me.
I was a great believer in AAOG for about 9 months and loved the idea that even if we didn't hit the Djeno we could frack Mengo and perforate Rs and get a good flow of cash to take us forward. Instead the executive has allowed the company to sit around not producing revenue and now diluting the shares considerably to do the sidetrack. They changed the plan and I never got a straight answer on why? One in the hand vs two in the bush and all that. As a result I sold a 0.5% holding at 9p with a small loss. Very sad to see erosion of the share price I hope to see it pick up again but to reinvest I would need to see these conditions: license, recapitalisation, rig on site and new management. Good Luck everyone.
I did a quick survey of twitter holders and nearly everyone was intending to hold or buy more. Unless Macquarie continue to dump stock I can't see any serious liquidity for buyers until the price is well into the 30s.
The risk of a management takeover has always been there for a while with this stock. I have heard rumours on the grape vines of the same but I suspect that had AA wanted to go this route it would have been logical to make the offer early this year rather than post takeover. In the end if he decides to take it private we might not get what we want but we will definitely do very well out of any takeover bid. Interested to hear other views on the same.