Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Automobile industry in particular need more palladium per vehicle to meet tightening emissions standards going around for a few years now. One can imagine the number of auto factories around the world !
Palladium up 8% today with commodities set to recover on USD weakness (lower inflation, rate cuts due) bodes well for anyone jumping in at these levels
Roxi, agreed, excellent entry point here, although my average price is about £21. Unfortunately, the decision by AAL to further optimise the wordsmith mine was taken during high commodity prices, and during lower prices profits, and consequently they are taking on more debt to keep the mine build going. Long term, the optimisation of the mine will bring in the product cost at the lower end of the cost curve and so building resilience against any dip in fertiliser prices. Just a shame first product is not due until 2027.
Woodsmith is one of the key factors that caught my intention to invest here, the Sp has been trashed, but that allows a good investment base, at current Sp,
I think the main & probably only reason to buy here is the possibility of the company being taken over, I say again possibility not probability.
The SP seems to be on a perpetual downward spiral & the reduced dividend is pants, so why else would anyone buy, hence the downward spiral.
@ goodtobehere.....Thanks for the Woodsmith link interesting read .
While recovering, there is 32.3p divi on 3rd of May (Ex. divi date is 14 March).
This is now oversold. I also feel some kind of consolidation may start in this sector as the UK stocks in particular, are well undervalued (A few approaches for Currys; today Spirent taken over). Many years ago it was BHP targeting RIO. AAL with its precious and rare metals could be a smaller fish to swallow. (Market Caps: BHP = 115B, RIO = 82B, AAL = 23B).
Reminding everyone what a fantastic project The Woodsmith mine is and is going to be, and
I can't stress enough the potential it will have on this company. Numptypi already posted this but just in case anyone missed it
Https://im-mining.com/2023/10/05/anglo-american-lays-out-5-mt-y-woodsmith-polyhalite-plan-ahead-of-full-design-review/
Greenwashing, a green mining company that’s ridiculous.
Executed and delivery on the way,
Wind Turbine deal in SA
Great time to be adding????? at depressed Sp,
Just saying!!!!
Yes well done Anglo team on the token green milestone! We'll just park the abysmal management and 50% share price collapse to the side for the moment to celebrate...
Another milestone achieved to make this a much greener Company, Well Done!!!
The crab and lobsters issue has been buried by a government cover-up.
The Redcar Bult Terminal wharf will be used until AAL's own wharf is built.
OR
The only guide/ guesstimate that I have seen for poly4 was £150 per tonne however this was in the run up to AAL purchasing the mine. Since then the cost of fertiliser has increased significantly due to world events, but also the results of crop trials continue to indicate that poly4 will be even more desirable and therefore more valuable. Guidance from the board would be appreciated.
100% agree Roxi, that's why an impairment charge was taken last year.
Talk is that a partner may come on board to share costs.
Agree, this is the future income, for years to come, unless we can find another solution to the food growth problem,
the money spent now will be off set against future income
Dinoken
The thought of dumping Woodsmith is completely illogical and would not make one iota of sense .
A very sensible decision on behalf of AAL to take over Woodsmith from SXX. Timescale could be better but
eventually will pay handsome dividends.
AAL are 'in a pickle' with Wordsmith. A great asset but at a high CAPEX which has come at a wrong time hence the reason for several design/scope reviews. I do feel an earlier production date would be favourable but at what cost to the rest of business parameters in the meantime. It must be an incredibly difficult balancing action to achieve production asap with the rewards it will bring against a 'sensible' cash flow for the project.
Dinoken, I don’t agree that the city doesn’t support Woodsmith, but it’s fair to say that the 2027 start date hasn’t been priced in yet.
For me the two areas of concern are finances prior to 2027, and the potential impact of port dredging on our preferred ship design. It would be nice to have confirmation that the crab and lobster issues will not affect AAL.
A scalable 13mtpa production rate in a highly efficient mine is certainly compelling. The premium value of this sought after fertiliser which requires minimal processing and fulfilling a global market for 50 plus years will not go unnoticed.
****bladder has article in dm saying that woodsmith is the future. city disagrees. sees it as an expensive vanity project paying for innumerable environmental permits. first production 2027 today, 2019 when sirius owned it. cost seriously in excess of 10bill. time to dump it imo
First saleable product is forecast for 2027. Next year it will be the year after next.
Woodsmith may not make locals as rich as they once dreamed but it will be a fantastic asset in the AngloAmerican family.
OR
When will wood smith be finished and make us the billions Frazer had promised?
Onwards and Upwards