Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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rats shti just about sums it up bignose! oh well tomorrow is another day, as they say.
Certainly agree with that. Even JG was probably forced to make the loan after the Yooya debacle, which he did on preferential terms, otherwise possibly lose the company, his job and his 1.5mill usd salary which was probably subsequently guaranteed by JM as safe. (Hands in the air as I’m just speculating).
I’m sure the company will never become the billion dorrar company as touted after the PLE TO and now as a longevity company as they just simply don’t have the know how. Wrong people and certainly no expertise.
I haven’t followed all the background goings on in ANIC, but certainly not surprised JM thinks he can get a piece of the action. Only time will tell on that one, but given his historic achievements with other companies. DBC, LIFE, PEBI, etc, I expect it will also go to rats shti…..at the expense of the pi.. :-)
morning bignose.agree with that,but maybe he can't raise finance for erp.as you've said before,his chums have gto badly burned here(the major raise was at 40cents wasn't it) and something clearly went wrong with the yoyo proposal(sorry forgotten the name), so perhaps investing isn't an option.he's had no problem raising for ANIC,but who is going to want to put money into ERP given its record? sorry if im looking at this from the wrong perspective and ERPs blurb does talk about becoming a market leader in longevity or some such tosh,but unless the company's profile or financial position changes, that's all it it, just talk.hope im wrong and id be delighted by some serious and focussed investment activity.i do accept that mellon runs it all so perhaps could have done something with ANIC(or perhaps juvenescence) but maybe the mechanics would have been beyond even his puppeteering skills.dont know how closely you follow ANIC but mellon has formed an ancillary vehicle,New Agrarian as a private vehicle to invest in the same areas as ANIC,so the web is pretty tangled.it's being spun as a positive,but im not so sure.
The.Italian,
You are certainly right about all the hype, however. Given that everything is being run by JM (in the background), I would have thought the most logical business thing to do would be to invest rather than buy. I mean isn’t that basically what they have been touting RPG/ERP do since is it not classed an investment vehicle ? All seems a bit suspicious to me …. Lol
agreed.i have had a small dabble in anic,but there is a lot of hype there and its premium to NAV is huge.also very expensive remuneration for the mellon owned consultancy company(15% of increase in nav).that said it would certainly have been better than DLI.(but then probably almost anything would have been).the problem fundamentally imo is that pis are just playthings and cannon fodder for the manipulators,.occasionally one can get lucky,but more often than not its the pis who lose out and the manipulators who come up smelling of roses.
If that was the case, they surely would have been better off investing in a company rather than buying one (ANIC would have been the logical choice since JM was blowing their trumpet in his web seminar. Remember the non Gibson Les Paul hanging on the wall in the background….lol). It’s increased by 3 fold since and at the same time there would have been no running costs. They have certainly shown themselves to have no investment sense whatsoever.
agreed.there was the suggestion that it was to help retain listing status,but no idea whether there was anything in that.certainly a very expensive way to go about it!.
So why spend 23% of shareholder value to buy it ? Although I have mentioned before It probably was just to line certain folks pockets, particularly given the incestuous connections some have with other companies although I’m at a loss how …lol
no problem bignose.i know you re not out to depress just for the sake of it,just being realistic.problem is the reality is pretty depressing lol!no i don't think the young ai ap is a goer. too complicated.i do have several young family members who are keen on the fitbit thing,but that is pretty straightforward and immediate.different kettle of fish i imagine. i was slightly hopeful that the ageing clocks might have some real commercial application,e.g. actuaries and insurance companies,but no sign of any progress there so probably not going to happen.
I apologise for digressing from the initial discussion, but its all pretty relevant given they influence each other and we are reliant on the A team being on top of everything which we know after years of deception, they certainly are not.
The intention wasn't to depress, but to add a bit of reality to the situation as our investment has an always will be in their hands (unless one of course sells out). Its a real pity they don't have webbed fingers because for the last 8 to 9 years they have been quite apt at letting everything slip through....lol.
Regarding the DLI. As with many of these apps, only one in many thousands make it and given the number of wellness apps out there, do they really stand a chance ? Is anybody really interested, I think as you posted yourself, in looking at their aging clock every day trying to gain an extra week or two? I for one certainly wouldn't be (says the man with only approx 6000 days left). :-)
well bignose,im even more negative now after reading that.also i do check to see if there is any news on DLI and young ai,e.g. on twitter ,just to see if any apparent activity and absolutely zilch.pretty much impossible to see how that can be anything other than a continuing cash drain.hope im wrong!
The.Italian,
That is indeed true, but with fluctuations currently ranging in the + or - 25 to 30% they will need to constantly track the sp, which I am sure they don't have the patience to do.... I mean what does Jamie do all day ??? Even the license agreements are not followed up by him but by the few remaining staff in PLE (since the agreements are with them) and Dr Mike. As far as I can see from the content of the announcements, JG just signs on the dotted line (if that) on behalf of the company. We don't even know where he is at the moment, I'm pretty sure its not in HK.
Given the current environment and arrests there, nobody in their right mind would want to stay in HK in case some siht hits the fan and they are hauled off to court never to be seen again. I wouldn't exactly say the company is following all necessary company/exchange rules regarding transparency of information and then of course there is that questionable DLI T/O. So Im pretty sure he is staying clear by using the pandemic as an excuse.
i agree that erps cash position is far more relevant, but if we need to raise funds from DVP to fund erp i would hope it would be done at higher s/p than now ,hence my thoughts about a possible near term raise by DVP.oh god,i really can't stand these acronyms.driving me mad!
The.Italian,
I'm not so interested in that since it would only effect us if they need a cash call which I'm sure we couldn't participate in. My concern is the cash ERP has in order to keep going and fulfill its outstanding debts (Jamie)
sorry bignose.i was talking about dvp's cash. $16m and i think it was.
Morning The.Italian,
Depends on how much it has cost them so far. Also how much has DLE been a drain since they have new heads to pay and it doesn't exactly earn anything. And there certainly is no sign of any other injection of cash in the short term. I'm sure we will get a better feel once the usual profit warning is issued, although that's still a few weeks off yet.
further thought.looking at the cash they had at quarter end ,are they going to need to raise for next steps?
morning bignose.i take the point about approvals. purely by coincidence i have received this market update this morning (im signed up for reports) https://wcsecure.weblink.com.au/pdf/DVP/02478053.pdf usual lot of puff and blather ,but under exploration section you will see they are awaiting final results of the assays and may perhaps be updating shortly,if they come through earlier than hoped.if positive it may give s/p a boost (if negative?)
Not sure why I typed DVG at the end :-O
Probably cos of all the different acronyms flying about...DVP/RPG/ERP/VXR/PLE/FDA/XYZ. It certainly can be quite confusing at times....
DVP just passed 0.6 and still heading down...... Surely not the sign of any expected approvals ???
well thats my concern also.when i was looking at the DVP announcements i started to think about the cash position and its not encouraging to say the least. presumably they will need some sort of finance for the next us stage ,whatever it is and i can't see any likely way of raising it other than selling some DVP.agree that a placing is not going to be popular,although they might try it.hopefully we will have some idea of what is going to be required re fda in next 2 or3 months.
Let’s hope it’s before they think of selling to inject more cash into ERP. Remember Jamie’s shares or loan payment is due mid year (he’d be totally foolish to accept shares given the price of the then sp - what was it 0.25 discounted to 0.215?). It’s either that or another placing which I am sure none of their friends will want to subscribe to. As I mentioned before, I’m not so optimistic of a good US deal any longer.
according to the dec presentation, final approvals(?)were expected in 2nd half 2022.i don't know if there have been any notified developments since then(heimdal any input?),so perhaps not that far off.
well bignose,that is certainly the most pertinent question.pre production miners are not something i would invest in out of choice,but i suppose I've been invested involuntarily by events here.
The.Italian, all true and indeed projections for copper are high with discussions about there not being enough production to cover need, which poses the question. When is the projected production start with DVG ???
morning bignose.agree it will be interesting to see if we get an update. i don't know anything about mining and commodities,but i gather EVs (particularly the pure battery ones) contain significantly more copper than pure petrol/diesel cars ,up to 3x as much in some cases. now sales of Evs are, i gather,actually only a very small percentage of total vehicle sales.despite all the hype and propaganda.however biden for example has a very high targetfigure for EV percentage by 2030.no idea of course whether it will be achieved (here in Uk i don't think here is anything like the necessary infrastructure to support any significant volume atm), but there is undoubtedly a significant force behind the growth targets.whether this is significant factor behind potential copper demand I've no idea ,as i don't know how much of copper production goes into vehicles as such.im fairly certain however that there is more demand for copper than for the ageing clocks! lol DVGs performance will of course depend on many factors peculiar to itself, but if, as one hopes, the demand for copper remains strong it should hopefully underpin the s/p .fingers crossed as always