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@banbury to be fair the Lithium licence has only just been granted so on that it would be very unfair to judge him 15 months ago. We can however judge him going forward on that now and how quickly he moves it to production. Regards the DRC payment i take your point, has been a while coming. Still at £4m mcap with the increased shares in issue the risk reward remains heavily skewed to the upside, the next few RNS's should be the making of the company.
I hope you are also able to recover your investment and more.
Atb
My favourite is DRC $9.5m listed as realising soon.
15 months ago it was imminent.
The Lthm might go well but those expecting DRC to come good are on a wing and a prayer.
I think Bell only keeps it alive to bolster SP for the inevitable fund raise.
163M traded today 166M yesterday. So twice the raise volume in two days now 0.2p back on the Ask. Amazing churn...One 0.21p goes we're off...
I've sold all my KOD the last earlier this week because if there is a delay RNS it will hit the sp hard thus providing a further opportunity to buy in and off we go again.
So far there is no news of delivery payment if news does arrive I'll still re invest.
Meanwhile here the dilution happy Mr BELL ,much as I do not like his untrustworthy approach to business provides a decent trading opportunity for those prepared to take the risk.
And to add further balance Trade the same project list was included 15 months ago with a 5p target [ even less shares) by the same broker
The list of assets remains the same e.g he has got nothing over the line in 15 months.
For balance that is still 1.8p equivalent accounting for the increased shares issue since January 2023 when that broker note was issued.
2.8p target issued - 1 of 4 lithium licences going into production now. That target is not too stretching if AB can follow through now and get this 1st licence shipping out product.
KODAL $100MIL+ PAYMENT COMING BY END OF TOMORROW
Would have sounded ambitious; but in the light of recent events, seems quite possible :)
Research note from Feb - worth a look....
https://twitter.com/AiMMoves/status/1674351397897216001?s=20
Thank you, appreciate it :)
130M now crumbs. Thought yesterday was ace hitting 166M but we're gonna smash that. On course for twice the placing volume in 2 days. Any positive update from Andrew and it could get silly. Was 0.7p a year ago
Big volume here today...feel this pops today!!
KODAL due to fly chaps, just dropped to lower support
Which RNS first lithium or payment ($5M-$7.5m) - either will instantly re-rate. Has cash now (up to £450k I reckon) and the lenders now removed with no debt.
MCap: £5M
70M at 10 o'clock. Overhang surely almost done that's 230M since yesterday. Follow the volume...
On the way ...
0.21 mannan...atm
on the ask
Full ask paid
0.3p is only £7.5M. When this is trading in the 0.3s the wider market will take note
Looking like this could make a nice move up today
Https://twitter.com/m46843959/status/1674313029255680000?s=20
Breaking 0.2 today and then imagine an intraday RNS - first of many!
It does look likely that PREM will be suspended on Monday, I cannot see the accounts being released by tomorrow given recent events.
If PREM gets suspended I suspect the attention will move to Red Rock - that may be significant given a boost in liquidity will move the share price disproportionally.
PREM have 23b shares in issue compared to RRR 2.5b , if a fraction of PREM's daily volume moves here the shares will be exceptionally hard to acquire.
I believe news is not far off on the Lithium project, remember free cash to RRR was suggested to be $600k a month by the local geologist, in a interview Andrew Bell suggested that annual free cash to RRR from Lithium production could equal the then current market cap of £3.75m, so the geologist was not far out was he !
Remember the above numbers are from Tin Hill alone RRR has 3 other licences pending, if they are attained it would, at least, 3 bag the current share price.
DYOR etc.
Https://twitter.com/AiMMoves/status/1674310741145407491?t=8mPr_Ax5VOC0k5jEKI1kiQ&s=19
DYOR
Analysis from clear cm