Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Ocelot is hearing what he wants to hear... Powell also said that the FED will not be slowing the pace of 'balance sheet runoff' [aka quantitive tightening]. That, and the sale of more debt (more than $1.5 trillion in debt over the next six months) means interest rates will stay high for longer.
Of more interest will be if GROC can get ECA Financing, as it would reduce the cost of capital and increase the IRR of the project from the low level shown in the PEA.
If the markets come to believe yesterday's Fed decision marked a key point in the interest rate cycle and begin to anticipate an eventual decline of interest rates, then the valuation of all long-term projects should benefit, as a lower discount rate is applied in determining net present values.
Fulmar
agreed....been holding SAV for a while with the hope eu might pull their finger out and get something going locally... but whether it will i just dont know (ZNWD another one)... ARCM and ARC seem to be progressing and markets move fast sometimes. have to be long term hold here
GLA
Agreed Fulmar - even BRES with funding support from the U.S gov has said they will initially be selling what they produce to China and offtake will be Chinese, even though U.S gov is funding DFS. Bad move by Stefan!
Think GROC is going to be one of those stocks which suddenly shifts into a higher gear.
Thought the PEA might provide the trigger, but that hasn't happened so far.
To have completely ruled out initial China supply and make it known that you are dependent on a snail like reaction from the EU or handout from the US is a grave mistake as they can bide their time with no threat of sales to China. So I sold,sorry but I think he is trying to achieve too much, and unless that was a well acted double bluff to get PIs out before some major news,I can't see this doing anything for a year at least.GL to all that hold.
Will need to listen again but think he said, in answer to a question about Tesla, they they are talking to all of them, (car manufacturers, that is).
Made it clear the processing plant should increase the npv of the PEA very substantially (he did provide a rough guide but asked not to be quoted on that one).
Talking with institutional investors, too.
The reality in mining is that it is horses for courses... you need a mine developer to develop a mine - you need an exploration geologist to define and build a resource... I venture to suggest that GreenRoc need a different team... they have done nothing over the last exploration season - no drilling whatsoever.... and that which has been commissioned (EIA s etc) was planned the season before... in essence - nothing at all has happened in the last 12 months.... so unless they JV with the right people - or change the team (and in my opinion do both)... this project is going nowhere and its going there very slowly! I speak from deep experience in this!
If the voice is all you are complaining about then I assume you have no complaints on the presentation itself?
Mr Bernstein is the Main Company Director of a mining company with Graphite, he's not applying for a job on Jackanory!!
Come on CleverThoughts have a clever though and discuss the company, we are not digging up exiting rainbows here!!.
Chill out and have a nice day.
Feck, he sounds so demotivated. He's no Obama at speaking.
But woke up when my head hit the table from Stefans monotone presentation.
Some more info here , fascinating development....
https://www.sciencedaily.com/releases/2023/10/231018115559.htm
Nod
long term hold... lets see if the critiCal materials restriction has much effect on the price and they can get some commercial deals going
GLA
This is an opinion from a long term poster who was a regular defender of a rival potential miner's lack of news. It's just an opinion. My opinion is that this is looking good
Benchmark
from PEA ... After-tax NPV8 of US$179M with IRR of 26.7%.
https://masterinvestor.co.uk/latest/how-to-value-junior-mining-stocks/
"NPVs and IRRs are therefore two completely different measures which are not correlated in any way, and the size of the respective numbers is, likewise, no guide to the real level of profitability on which lenders (and new shareholders) can rely for security. For a good mining project the IRR needs to be at least 30-40% and some are much higher, but others are closer to the 20% which, in my view, indicates an only marginally attractive project – unless for a solid business with guaranteed offtake and prices, like energy generation (but, again, depending on other factors in the equation)."
I believe funding and possibly funding from an offtake partner would be the biggest motivation for share price rerate
.......... ‘robust’ Preliminary Economic Assessment for Greenland Graphite project.
I am more than happy with this.....yes the IRR is lowish....but with a 25% contingency built in and the LOM being at least 22 years....with the opportunities to scale up to "battery grade" and increasing production and providing it's own feedstock for a UK processing plant.....it floats my boat.....yep more than happy with this quality graphite material with possiblities moving fwd.
GLA
You said you were quoting other small graphite mines PEAs
Please could you cite these, then your argument may carry more weight.
Love to see the TGA pea,the structure looks like spaghetti compared to this and the Geo risk adds to my suspicion,but all graphite will do well but for me it's KISS " Keep It Simple Stupid"
This is true it is poor.
Look at tgr. 13m gbp to build for 30k.
Ooerating costs 300gbp ish selling at 600s.
This is a low IRR. Do not kid yourself.
Check other graphite pea's
"I was quoting other small graphite mines with those figures" Can I ask which other small graphite mines were you quoting?
Nvestor Presentation via Investor Meet Company
GreenRoc Mining plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, will be holding an Investor Presentation and Q&A via the Investor Meet Company platform on Thursday 2(nd) November 2023 at 12:00pm GMT.
During the live event, Stefan Bernstein, GreenRoc's CEO, will present the results of the Preliminary Economic Assessment for the Company's Amitsoq Graphite Project in Southern Greenland, which will be published next week. Stefan will also be available to answer questions.
This Investor Presentation is open to all existing and potential shareholders. Questions can be submitted up until 9 am on the day before the event via the Investor Meet Company Dashboard, and at any time during it.
Investors can sign up to Investor Meet Company for free via this link . Investors who already follow GreenRoc Mining plc on the Investor Meet Company platform will be automatically invited.
You cannot not be a negative deramper....
Posting facts or challenging you is not deramping. The results of the PEA are not as good as other junior miner economics graphite or otherwise - fact. Derampers tend to post thoughts/ideas/conjecture of no substance, facts speak for themselves.
Instead of proving me otherwise you just reverted to name calling
Aim@ass
negative de ramper... look at all the board they post on.
I think it also comes down to the fact that it is difficult to get permitted in Greenland, and a PEA tends to offer better figures than the PFS, which in turn will offer better figures than the DFS.
It's the Capex to NPV ratio that is the issue, and with banks getting stringent on contingency funds etc (i.e. HZM) there's still a lot of work to be done here.
Not see that big a spread for a while...
testing the market? still quite early... good long term prospect it seems
GLA