Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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About time we had a blue day...
Big One i think is good, just need to build the full picture there. Assays should be due soon.
ARYA to start soon.
Zambia update could surprise to the upside.
Punters are known for hoping off train with any slight delay with a plan to rejoin train later.
Each to their own.
It's a gamble like any other share .i can see not good news coming out of the Big one results. not surprised share price, will drift lower. making 65 % can be made easier dividend paid share over same time. at least investors will get there money back, i can see at least one of the results of the mines paying off ,but prepared for a lot of spin, seen before with Aussies ,lol not mentioning the French, that the board room going back on their word ,getting a big pay off bigger companies, and ****ting on share holders, selling them off down the road.
Lot of news to look forward to from both Zambia and AUS.
Delays with assays have affected lot of companies due to COVID etc causing bit of frustration with some investors i think hoping from share to share.
This is down about 65% after hitting 4.45p earlier this year. Great price for anyone to enter for the next 6-12 months for some huge returns.
Early days but look at the 1 month charts on POLY, AAL, BHP and GLEN.
All the same. Could the bounce be underway or is it that cat again! The charts are pointing to a breakout.
I look at the resistance for those stocks, it can be a good indicator as small caps tend to lag.
Trek
It’s an interesting narrative. The thing is the chart shows what has happened. That is supply side constraints, covid and economic stagnation.
I think the recovery in the oil price is a better indicator.
The real spanner in the works though is China, interfering with the markets and China growth not meeting expectations.
There is also the Evergrande issue which will hit liquidity and some banks other than the obvious like STAN, HSBA. Western banks should fair better though as they have been stress tested and all now have decent tier one capital ratio’s. But it will still be a hit.
Commodities come down to two things, how much the US grow and how much China grow. Atm it’s really just US driven. We need China to spend and grow to really kick start the sector.
I am starting to wonder if China is in a bigger mess than we know. Hence their interfering with all things capitalist.
I have read that many of the state governments are bankrupt (sorry I don’t have a link). They then rely on central funds but corruption is rife as is inefficiency.
If China has a recession which Evergrande could kick off like Lehman’s then that will be bad.
Shares like CCZ can still do well though if they prove up an asset, get taken out, sell to west etc.
Question is how much is in the price and why hasn’t gold taken off.
We can only position ourselves as we read it. I think the west will be spending on infrastructure next year especially green and electrification and we can succeed without China who will eventually print and spend just like the West! Lol!
Usual caveats
Trek
What does your money think about this?
https://www.cnbc.com/2021/09/17/downturn-in-global-industrial-economy-already-underway-currency-chart.html
Always read your posts with interest Trek.
Frustrating waiting for what appears to be overdue news…same problem in Chesterfield CHF where the price dropped way below where I expected it to settle.
The fundamentals in these and others like PXC haven’t changed so I guess it is just a waiting game now to see how the macros and wider market plays out…and hope that the awaited news arrives is good and reignites the share price. Hopefully not long to wait now…
All the best.
Problem with the Arya project is it will be 2023 by the time we get the initially assays going off the big one. Think they need to look at using different labs.
I thought I had timed my return to the small cap mining sector just right a few weeks ago. Wrong! Could have been worse, i suppose, but now just sitting tight and hoping for positive news here and elsewhere.....
Its a bit like ECR.... DVH...
The fundamentals will play out.
Looks very cheap now
33% down on the last placing price, Arya due to commence drilling by the end of the month and Big One assays due anytime. We also have the Luanshya Copper Project progressing alongside plans for the Broken Hill IPO so plenty to look forward to over the next few months...
I am many £k down here but topped up another 100k shares today...
See ARCM RNS today....
“Arc is pleased to confirm that its diamond drilling programme on its majority-controlled licenses in north-western Zambia has intersected massive sulphide copper mineralisation at Cheyeza East. The first hole which is currently being drilled, approximately 500 metres to the northwest of the previous oxide drilling campaign, has intersected massive and disseminated copper sulphide mineralisation, confirmed by both visual observations of the core and X-Ray Fluorescence ('XRF') analyses. ”
That’s Zambia, not my fav place to invest, OK as an add on but note the market response.
CCZ is now below the placing and the prospectus price and still you can sell 1m shares in one hit! I have no idea what is going on with the SP here. Bad news should have been RNS’d an age ago and ASX is much more stricter than AIM so that helps.
Keep an eye on AAL and POLY for a read across. Both also down significantly.
We are not immune to macro trends. PXC is also down to ridiculous levels and I added there today as well.
Sad to say I think it’s China’s growth pause and their market interventions is what is hitting the sector. Even the US trillion dollar Keynesian spending plans seem to be ignored.
Commodities go down further than you expect and bounce much much higher than you expect.
My money is on a turnaround soon.
Usual caveats
Trek
Well I’m a few grand down on this. Chased the price down to lower my average to 1.90 now but had to stop when it continued to fall and my holding became overweight. Still hoping for good news from Arya even if The Big One results are underwhelming. GLA
Is topping up a good idea? If the SP goes down any more it will end up back in Oz!!!
I got excited when I bought in a few months ago as this looked like a brilliant investment, once again I'm hundreds of ££££'s down typical of my unlucky luck.
370000 my final top up. GLA