Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Seingred agree the bears and the bulls both understand this. Important variables remain unanswered in that respect however one has to take this one step at a time and perhaps temper their timelines and not look to far in to the future. All that matters near term is securing 100pc, and getting the drills turning at Pepas. Are Omi being valued at 50pc of Anza? A re-rate should surely happen in gaining 100pc of the project, results from Pepas (market love a good drill result - you can virtually guarantee that the results will be strong). The project has had a lot of money spent on it from phase 1 and historically one must remember. JV or finance could already be lined up and perhaps may be more creative. I remember the pens poised tweet was 6th of March but the LOI wasn't signed until 22nd March. Perhaps something else was signed at PDAC and is the commercial sensitive info alluded to in previous RNS. Of course that could be complete fallacy also.
Brad isn't in charge of the co-op live arena is he. Plenty of delays there as well.
Morning Seingred,
As ever the voice of reason. Talking sense about time and cash.
Good sign for the bulls that Seingred is still adding on pullbacks.
I will do my research on those Ideas of yours, thanks
So, cash burn for the last year is $2.6 m with little exploration. Last raise was $500 k less costs for 9% dilution. We can assume higher costs if any drilling is to be done . Interested to know some estimates of how much drilling will be done this year. Costs etc and how it will be financed. Looks like it all hinges on a pretty big re rate otherwise another 30% dilution just to keep the lights on this year. easy just quoting golden tickets , ggp , 2 largest majors but at the end of the day it boils down to time and money. Any delays makes next dilution closer still with no real progress in oz.
I am still adding little bits on pullbacks and will wait and see how things pan out.
Jack. My spare is going clsk and Mstr and cipher. Dyor obvsđ
it definitely does seem that bhargav is having some sort of crisis. he predicted 8p about 10 days ago before the deal was signed and then proceeded to go on his negative rant ever since. all very odd. however i'm actually quite pleased he's turned negative as although he's been here a long time and posted more than anyone else he has pretty much always got it wrong, and i've been a holder since the day newmont turned up. i'm actually beginning to think not only is he leematt but he also might be zak mir, as he also can't hit a cow's **** with a banjo with his predictions. deal will be signed this month and then a webinar with the drill plan to follow. it's going to be interesting if nothing else.
John who made you boss of the forum? When Bhargav posts crap are we supposed to just take it. He's clearly having some kind of meltdown and if you agree that we won't see 10p for 5 yrs then you are as dillusional as he is.
Johnny who has given you the authority to say what one can post and one can't are you the police of this bbb
Why are people responding to bhargav? Just donât bite unless you want the forum to go downhill again
And where is 1post Vicky22, can you expand on your comments I'm sure we would all like to hear what you got to say or have you disappeared just like golden car.
Bhargav why do you keep making such narcissistic statements such as waiting 5 yrs to see 10p. You obviously don't believe that nonsense so why say such negative things for the sake of it when you've said the complete opposite when recently posting on here and telegram. Your mood swings are quite entertaining though. The promise of positivity and you can see 50p. A delay in getting the keys back and you can't see 10p for 5 years. At least you've left massive wiggle room to pitch future predictions so perhaps Brad should adopt a similar tactic so we can't hold him to account.
Yes It's always all about bhragarv, everyone else don't matter, he runs down anyone and everyone and is deeply shocked when someone says something against him, if you can't take it don't give it simples gla genuine holders.
Self-aggrandisement đ¤Ž
I was happy to see blue yesterday and none of the Muppets posted anything silly against my name....
Thank goodness to see a couple of buys at the close...
If they've their way ...they can post anything to blame.
I'm an LTH and as long as it doesn't falter happy to wait it out for another 5 years even see 10p...and I can afford it. But I hope it can do much better in coming weeks and months....I'm not here to please anyone or earn any respect....but rather hope Omi sees better days if the poor BoD stop messing about time and time again....and care for the shareholders for a change.
Good lord.
One has to bear in mind, it's not just the salaries of the directors; but also those of three geologists (two of whom are named on the website), plus an unspecified number of other workers ("the lads" as Brad recently called them). Exploration requires a labour force.
Yes, he did mention that drilling will cost substantially less but maybe factor in that they won't be drilling as deep. Feb to April Cash burn was $133k per month, down from $196k per month June - Feb.
Well said Wolf. There are still those who will still blame Brad for everything wrong in their lives despite many of the things having gone wrong that was beyond his control. It's no good whingeing that the SP is low as nearly all the juniors are in the same position. What is important is now that the sector is returning to recovery, we are in a good position to do as well as anyone. We can now hold Brad fully accountable as there is now no hiding place or any safe haven to park any future blame. Let's get the keys back first and see what direction he takes us before prejudging the outcome.
For sure new accounts being setup by old negative people in the aim to keep the game going. But itâs just as easy to filter or ignore them.
Didn't BG say that the cost of drilling in Columbia is much less than it has been in the past? I'm sure I heard him say something to that effect in his recent interview.
The fact that people are creating new accounts to peddle the same ole negatives probably tells you all you need to know. That there is the usual concerted de-ramp in play here, ahead of the big news. Not very good de-ramping though and need some new material.
Yet on the other hand, the majors will still be paying licenses and other fees until Orosur retain 100% of Anza. I know some annual fees were paid in January, obvious by them so maybe more have been paid up to now also, maybe a slight delay could have been for the said reason. Brazil has been closed off, Nigeria has slowed or come to a halt, Argentina is closed until year end. Cashburn will be substantially less now than it was before when exploration was underway in Nigeria and Argentina. I wonder how much of the $200k a month went to setting up and start of the JV in Nigeria?
Mind you he's not always late about his timings when it comes to salary hikes, option awards, and the most ridiculous poultry placing at cheap to VIP friends.
Itâs not just âifâ itâs âwhenâ
You know the cash position, you know the monthly burn rate.
Well as a newish investor, and in any case, how much does the past matter? Nearly all the juniors across AIM have had their share prices decimated in recent years, but that doesn't stop them becoming great opportunities now. For example, before a lot of the current LTH bought OMI, it's share price fell from 13p to 1p. But that didn't then stop it going to 45p!
If BG does get this deal across the line, then all we have to decide is whether that sets this up for another big run this year? The past is irrelevant here, because he was also the CEO when this went on its last big run to 45p.
The time implications and knock on effects are not understood by some imo.
The same type of people that try and apply buffet quotes about patience to cash burners.
Time is money when dilution is involved and that applies to most of AIM explorers
As LTH, and agree with Sotolo and Jack, If I start compiling the list of BoDs mistakes....it will take weeks to build one!
V Good post Chicken imo and very much your prerogative to take a forward looking view weighed against a low mcap and decent asset. SP can recover in better circumstances going forward, all for a balanced view and hope it does.
But the CEO should be on his last chance and prob would have been gone if the votes from AIM werenât refused.
CEO should be on his last chance and paddling like crazy to hurry things up and protect budget so that any drilling will boost SP.
Even the bulls whose views I respect must know this