Next Dividend 27082021, page-72

I’ll give Ava some credit for sticking around while the share price has gone up over 15%. I guess he’s also prompted some chatter on these treads which isn’t a bad thing. I’ll add my bit as one who’s been here since Kwale construction.

From what I gather Ava is supposedly short for the following reasons:
-Uncertainty on whether Toliara will ever get approved
-Limited mine life at Kwale
-The vibe …

From my viewpoint I’ll stay long for the following reasons:
-Tight mineral sands market.
-Even the threat of stopping 145kt of production from Sierra Rutile could light a bomb under rutile prices - Kwale’s main money spinner.
-I think Toliara must go ahead at some point, even if it takes longer than expected. The resource is just too good to leave in the ground and would be a real help to Madagascar on many levels.
-Likely approval of exploration licenses near Kwale. Significant upside if more deposits are found.
-Well run company from construction right through to present.

There’s some pros and cons for sure, but I for one wouldn’t sleep too well shorting BSE.