Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Drilling, exploration, geology work, we are second to none. Discovery costs per $ we are in the lowest quartile world wide. But Corporate stuff and communication seems sadly lacking. As I've said a few times now, we urgently need a new Non Executive Director or even a full time Director to take control of these aspects. It's a shame that we let ourselves down so badly. Just look at all this of value accretive news the Co. could and should have announced.
The RNS today was full of great news, but to do all that drilling in Vein 7 etc. would have needed permits. They must have been granted months ago, but were shareholders informed? I don't think so. Why haven't we seen an updated Panmure Gordon Analyst's Note setting out new Co. targets post the Joint Venture?
Why haven't we been updated regarding the E.I.A. for Tavsan which was due Q1? And that was circa 9 months overdue.
Why haven't we been updated regarding the Resource drilling at Tavsan which was to take place Spring 2021 and tagged onto the back of the Kiziltepe programme?
There should have been news on Tavsan Forestry permits and Land acquisitions in Q1. And confirmation that Strategic Status had been granted for Tavsan.
We should by now have seen the work on Tavsan final equipment costings and CAPEX costs for the Feasibility study and associated work on the environmental, community and social impacts including E.I.A.
And as to Salinbas we were told there would be environmental, community and permitting activities through the winter of 2020/21 ahead of a dedicated resource drill programme from Q2 - 2021. How is all that progressing?
Then surely there must be news from Cyprus and the Co's acquisition/ new J.V.plans in Eastern Europe.
And finally, the payout is an utter embarrassment. What a total ****-up. I3E & ORPH have today shown how quick capital reorganisation can be processed through the Courts. Our Chairman, in my opinion, has a lot of answering to do.
Can you imagine where the share price would be now it this kettle had been kept on the boil? Drip feeding out all this accretive news. Honestly I despair at times. Is it any wonder shareholders give us a wide berth?
Luckily we on here know what is going on, but for new investors, it is surely just too hard to find out. And if you do you have to trust the Co. We do but the Co. doesn't do enough imo to build trust with potential new investors. You have to really work at that.
Can they really have their heads so deep in the sand to not realise they are doing no one any favours by not managing this professionally.
But I see we are at a 38% premium. Presumably that is just based on out of date valuations?
On ADVFN they have mentioned someone called Paul Scott. Potential 234% upside in less than 12 months. Anyone know anything about this? TGI Friday could be sold for £100m+ ? If any of this is true it looks like 2021 could be a rewarding year for investors here.
Posted by AAU on Twitter
https://t.co/i7rzP6CIA7
ScottishPower plans UK biggest green hydrogen plant in Glasgow. Https://www.thetimes.co.uk/article/scottishpower-plans-uks-biggest-green-hydrogen-plant-in-glasgow-8qjsscnl6 "The energy group has submitted a planning application for a 20 megawatt electrolyser next to the UK’s largest onshore wind farm at Whitelee. The electrolyser will use surplus renewable electricity from the wind farm as well as power from a proposed new 40 megawatt solar farm and a 50 megawatt battery storage project to split water into hydrogen and oxygen." "The electrolyser is to be supplied by ITM Power, in a boost for the Aim-listed hydrogen specialist, and will be operated by BOC."
Posted this on Twitter this morning!
@ArianaResources Eagerly awaiting update on Tavsan (EIA etc) confirmed Special dividend Court dates & payout details, Salinbas progress, Cyprus drill results and strategic investment news. Bit of a back log guys!!??.
Courtesy of buzzy_s posted on ADVFN. Agreed for me to share it here. He is interested to see if anyone has any better numbers.
Credit to Denziiil for highlighting the cost per tonne of pellets, which I'd originally failed to account for.
That's the approx pre-tax profit for Q1. I'm not sure what the tax figure will be. Probably a higher percentage than 2020 (15% of operating profit), and 2019 (12.2%).
It is pure guesswork, but let's say 20% tax. Hopefully a bit lower in reality.
That would give a net profit, after tax, of $313m for Q1. EPS of 53c / 38p.
The pellet price is currently $22 higher than Q1 average.
It's exciting to predict Q2, and especially Q3 and Q4 results (when production will be increased to 13m tonnes/year)...
Q2 same production as Q1 at average price of $262:
Revenue $711,068,000. Pre-tax profit $425,787,000.
Q3 at increased production of 3.25m tonnes @ $262:
Revenue $851,500,000. Pre-tax profit $509,878,000.
Q4 same as Q3:
Revenue $851,500,000. Pre-tax profit $509,878,000.
That would give annual results of:
Revenue $3,067,531,000
Operating Profit (pre tax) $1,836,837,563
Profit after tax @ say 20% $1,469,470,050
EPS (pre tax) $3.12 / £2.26
EPS (after tax) $2.50 / £1.81
Annual earnings of £1.81 per share, after tax, if nothing changes from here. I'll be reinvesting my dividend on 15th April :)
It feels the market has priced in about a 75% fall in iron ore prices for FXPO !!! I feel it's very very wrong. Valuing FXPO on a P/E of 2 at current prices, and possibly a P/E of 1.5 for next year, is nuts. Best value share in London. That's before taking into account a 15% and fast-rising dividend. Might be paying dividends of £1 per share in a couple of years.
Just wish I could hear every word. I do struggle a bit. Might be me.
But yes great stuff.
So bullish
ORPHPharma.com!!
1 or 2 monetisation spin off non core announcements in April
C.F. hard lock in to June 2021 but wants to increase his holding.
Spin-offs are included in the $1billion target.
4th Non Core asset to be monetised by Xmas?
CF is on now
Anyone know what time C.F. is on tonight please?
The latest dividend has been paid Net without the Australian Tax being deducted. Great news. I overlooked this in the recent RNS which said:-
Conduit Foreign Income
The FY21 Half-Year Dividend will be wholly paid from Conduit Foreign Income. Accordingly, non-Australian resident depositary interest holders will not be subject to any Australian dividend withholding tax on the FY21 Half-Year Dividend.
They have obviously listened to disgruntled shareholders!! Well done BASE Resources