Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Always unpredictable this share, creeping up today.
Someone correct me if I am wrong but wasn't one of the year end objectives for 2020 to place a deposit on a mill? Seeing as that hasn't happened yet (or been confirmed in RNS) are we again look at some further delay? Things really do run at a snails pace in Nic by the looks of it.
Precisely that, fantastic news that BIDS are on track to exceed their target. After all the silence this year its a sign of relief.
Elephant in the room is still funding, cash raise is coming and the market knows it. Unless BIDS release some very material news that lifts the share price, dilution will screw over existing holders and allow new (perhaps more Insti's) holders to come onboard. Going to wait this out before topping up, hoping i dont miss this train tho!
Bought in earlier this year with the hope that Xmas would bring this back to life, sadly its tough times at present so sold out last week.
Still watching as the recent director purchases were interesting, perhaps somethings brewing but I cant take that chance.
Muted response in the share price however the buyback and financials should now underpin the share price fairly well.
This should start to rise gradually once the profit takers have sold into the buybacks. Literally was about to sell my holding here yesterday in fear of a dip but think I'll be holding for a while now.
WG, we're all in the same boat. I am here to make a return on my investment (hopefully a healthy one).
I have been burnt many times whilst having my rose tinted spectacles on, hence i prefer to keep them off. Not trying to be negative, just keeping my feet grounded.
Lets just let the share price do the talking, because at the moment, despite all the toll mill 'rumours', its not doing much. Good luck
Also, people should bear in mind that yes MC has skin in the game however if he's offered a role with the new company (assuming a low ball takeover), chances are he'll get a nice pay cheque along with share options and a seat on the board perhaps. He wont care for his CNR shares anymore.
Its always wise to be open to all possibilites. This is AIM after all.
Fingers crossed we get a toll RNS this year.
Hope so Wonder, would be nice to see a chunky rise here. In any case, i'm confident with the long haul journey, 2m+ ounces, 170k a year sounds impressive. Just sceptical of a triple digit share price on toll milling announcement alone.
Strange price action here. It seems as if a toll deal is almost nailed on, and yet the price fails to budge. You'd think we'd be in the 60's now just on rumour alone.
The market rarely overlooks potential like this, its usually well ahead of the curve (before most PI's anyway). I wonder if the market will wait for the first qurater of toll production (assuming toll is confirmed) before starting the share price re-rating.
Potential production is one thing, proving production over and over again is another. The market cannot ignore solid production numbers and cashflow so although i dont expect a meteoric rise anytime soon, we should start heading up gradually.
I have a feeling many expecting a huge rise here could be disappointed.
I take comfort in the numbers here but until we are producing cash i wont be able to rest easy.
I've seen too many AIM companies (with world class resources) go down, the most recent being SXX. We're so far on the right track and all is looking good however its important to remember that the AISC may not be so low to begin with, its just an estimate st this stage. Look at HUM, still struggling to get their AISC down after many quarters. Even Centamins costs are hovering at near $1000/oz.
Toll milling if it goes ahead should give us a good indication of how much gold we can actually recover quarter on quarter (i am aware B2 took some samples and recovery rate was very high).
Sam, appreciate your contributions but multiple messages without any real substance don't really help long termers or new investors. In fact, they only push the more informed posts further down the page list.
Best wishes with your investment. Our time is coming!
You're correct that worst case the government steps in for funding, but look at what happened to Lloyds and RBS when the government did that in 2008/2009.
Existing holders get all but wiped out, great opportunity for new money to jump in however. This can bounce back, but Rolls is really backed into a corner now, a very few ways out.
Its a double edged sword isn't it. The vast majority of explorers end up raising cash, drilling, increasing resources, rinse repeat. By the time they are done, shareholders have been obliterated and they then struggle to raise financing so either dilute more, get taken over for pennies or fold.
SXX, AGQ, XEL, GKP all the same story. Personally, i think Mark has done a stellar job in minimising dilution. Yes it has tested my patience many times but now that we are so close to production, its easy to get anxious.
I have holdings in other gold "producers" and the market still isn't valuing them fairly. Yet GGP is worth almost a billion quid. Go figure. No point in wasting cash on exploration, put all efforts into getting cashflow coming in.
Maybe because Mark has shunned away interest as it wasnt at the right price?
If thats the case then thats a good thing and a bad thing. A major onboard would fast track us but also take a chunk of the asset. Lets not forget Rio Tinto are in Nic, they didnt arrive just to sit on the sidelines.
More shares in safe hands yet again. Jim is buying for a reason, irrespective of the amount he is buying relative to his wealth, the fact is, he is buying. If you were a billionaire why bother with a minnow like Condor.
Jim has a plan here, just sit back and let this story unfold.
The market can ignore good news, but it cant ignore dividends. SHG will have a fair amount of cash coming in soon, dont be surprised if they choose to distribute some to shareholders. Thats when the market will wake up, till then, just a bit of patience required.
As much as i hate to day it, i think we'll see a small rally and a drift back down over the week or 2.
Its pretty well known bidstack are working with EA, Ubi and others , we've just never had it officially mentioned in a RNS.(until today).
Great news nonetheless, just dont get suckered into a spike! Hopefully this is a seal of approval for other game developers to take BIDS more seriously
Spot on EL, people seem to miss the fact that yet more shares have ended up in "safe hands" (assuming he doesn't decide to dump them all anytime soon of course :) ). The more this happens, the bigger the moves will be.
I wonder if Jim suspects a takeover is coming and is hoovering up what he can in order to ensure a low ball offer doesn't entice weaker hands. After all, many have been here for around 10 years and I'm sure there's many that would take £1 a share just to free up cash and re-invest elsewhere.
I had a target price in mind for my shares, but with Jim continuously buying, gold climbing, fed printing and Condor being within touching distance of production, I have revised my target upwards somewhat.
Look at it this way, if we went for a new mill for $120million, holders would suffer a fair bit of dilution. The sooner we have cash flow the sooner we re-rate. If you dont already own Condor shares then yes, the idea of going for a 2nd hand mill may seem ludicrous as you could buy in after financing is confirmed and new shares are issued. However Mark, Jim and co would be silly not to do whatever they can to minimise dilution.
Going for a $50million (or less) mill allows us to produce 50k oz/year, thats a low capex, most of which could be covered between debt and a gold loan. Very little dilution involved in comparison. Once we have a cash pile built we can continue to expand the mill as needed. Plus any gold price rises will go straight into the bottom line, so even 50k oz/year could result in a significant profit.