Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes Madgpol that was the latest I think but several previous announcements too.
Why would we pay 7.79p to approve dilution when the market is 7p and falling!?
..... and if Jour is already on time and within budget, as we've been told so many times, is this cash really needed to "fast track" production in 2023?
It all sounds like a big smoke screen to me and we can't trust a word they say.
It was not that long ago that the company put out a clear message that Kour would be funded from internal cash flow and debt.
We have all been very patient with the BOD and their promises of 'jam tomrrow' but yet again we see broken promises and further dilution in the value of our holdings.
I'll also be voting against with c. 0.5m shares - too many questions. Trust has gone.
If we don't need the cash, why hand over >25% of the company to CIG?
If the news was good it would be out by now! Brace yourselves ....
One of the directors ...... ?
Has Ruffer now got cold feet, is it now adding more, or another big player on the move?
This is a long term investment for me. The company, still relatively young, is building solid foundations for the future, IMO, negotiating all the obstacles thrown up along thee way (pit wall, Mali coup etc).
It's unfortunate that SC have pulled out and affected the sp as much as it has.
IMO, good foundations and financial prudence will bring their rewards in time.
Please not the Chinese. I like Chinese people but not the government and their hidden agendas.
Look at how theyre wiping out the Uighur Muslims in Xin Jiang, their reneging on promises made regarding Hong Kong and their secrecy over CoVid outbreak.
Not to be trusted and UK plc should now be very wary of selling them anything at any price, imho.
..... in about half a dozen trades between 3.30 and close of business.
SC trying to shift their remaining ~4% asap?
By the way, I'm not a company stooge and I don't know DB or anyone else in the company.
I'm a regular Joe who started investing in the first round after reading an article in Daily Telegraph and thought "That's worth a punt."
I've built my holding over the years as the company has progressed.
I don't profess to know as much as you guys about investing on the stock market, or very much at all actually.
Just trying to give this a different perspective.
Well said BackRow.
I can certainly understand why many here are not happy putting all their trust in DB, but we're not in Yanfolia.
We can't micro manage remotely.
TRUST is the issue here.
I'm not sure if anybody on this board knows Dan Betts personally, but I'd like to try and take the personalities out of the equation and look at the basics of investments.
Excuse the simplistic point of view but it helps my focus on the issues here.
A man has a dream, in this case to build a gold mine with exemplary ESG credentials.
He asks investors to put money in so he and his friends (the Board) can set up and run a company to fulfil his dream.
Investors agree to put up their money and entrust the man and his friends to run the company, on one condition.
That the man uses investors' funds wisely and provides a reasonable rate of return to his backers.
The man can now start fulfilling his dream.
What we seem to be missing here is a lack of reasonable return to investors, leading in turn to mistrust of the man and his friends.
Is that too simplistic?
Personally, as I've previously posted, I'm absolutely delighted to be associated with, and invested in, a company that is doing so much good in the local community and one of the poorest parts of the world.
It seems to me that Dan just needs to improve his PR, give his backers something positive to look forward to in terms of a return on their investment, so he can get on with fulfilling his dream, unmolested.
I don't pretend to know how AIM works to produce the SP we've been seeing in recent months, contrary to expectations based on production etc but I think DB knows what he's doing in the market.
I believe DB has big ambitions even beyond Yanfolia, Kouroussa and Dugbe and is courting the large institutions for long-term backing. I'm fairly sure that he'll be delighted with small PIs running scared every time there's a dip if they show no long term commitment to the company and the management team.
Seems to me the company is based on solid foundations, carefully put in place by DB and a very talented team, so all that's required is patience. The management should be praised for bringing the company through many trials to achieve its present Balance Sheet position. They're showing good restraint and prudent financial management, building a solid base for future growth.
Anyone looking to make a quick killing might be disappointed! I've always been here for the long haul and in my opinion the story keeps getting better, occasional setbacks aside.
I'm delighted to be involved with a company with such an excellent ESG record, just look at what they're doing for the local environment and community. The financial rewards will be a bonus, when they come.