Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The problem I've got is that I'd rather they bought more licenses off the back of success on their current licenses, not just going tobtge market every time..
SP wise theyve made an absolute mess of the AA situation so far. Any decent board would be well ahead of the Swedish situation and managed that much better, thats been a sh*t show and totally their fault.
I dont want to seen another asset bought off the back of another placing until we're seeing success from one of our existing licenses.
Https://www.voxmarkets.co.uk/rns/announcement/4f4c250a-ec98-4d19-ac9b-a69f0c1c7077/
Respectfully, not sure we want the type of investors (let's call them traders) that would rely on 7am RNS visibility to make their decisions. Anyone buying in off back of 7am rns probably selling by lunchtime and banking their 8%.
Would prefer someone thats seeing the whole picture here.
Frankly anyone selling for lower than double digits here needs to give their head a wobble.
Obviously concerned so emailed Nick instead of Peggy/Noresco/Travel/Ella etc . Got a reply just a moment ago.
Paraphrased ....Slow but steady progress. Everyone wants it completed (Anglo, GRZ and Arc...obvs). Regulators taking time.
No raise being planned.
Feel better now.
I exchanged emails with Nick a few days ago. Getting quote frustrated with the delays here.
I asked for more explicit reasons for the delay...
"it’s a complex transaction involving moving our licenses from exploration to mining licenses and then restructuring the ownership of these licenses ahead of Anglo coming in as the controlling shareholder"
And on Botswana...
"Botswana we’re not processing / analysing assays until we have got this deal over the line - significant management time to analyse which we simply don’t have at the moment. "
I can understand the first update but don't like the 2nd one. Surely labs do analysis of assays not management. Sounds like I poor excuse to me.
Still holding but getting ever more frustrated here.
Its clear that the Zam government are seeing Indaba as the ideal opportunity to put themselves in the shop window for international investment.
AA will be the showcase deal.
There will be pressure on cadastra to sort out the paperwork. I dont think there will be any delay.