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Has anyone been in touch with CB recently? I am starting to get really ****ed off with his meaningless "updates" by people asking the same irrelevant questions when the share price is plummeting and people's livelihoods are destroyed. The only question the market is interested in right now is what is the situation with African projects, are we getting enough money to fund the additional exploration in Australia.
Absent this - a clear statement from the Company no placing is required for the foreseeable future.
Instead, we get this verbal hogwash with zero details and the same mundane questions. I can't believe a serious commentator would not be asking about the Company's finances and ability to fund the additional work.
More chance of a tierdrop or two LW if this share price drops much further.
I don’t think that little fat chap could get his arms around it now to tie it, if he wanted to.
When will it be a tier 1 ?
So not getting the bow out just yet then ?
Whatever the amount of drilling required and whenever, to finalise the programme which I’m sure will include some infilling to upgrade more of the resource, will then see a further JORC update which will then go onto form the basis of the PFS to support decision to mine option to go to Anglo.
They will want to include every bit of ore in this model which could then see the PFS take anywhere between 3-5 months to complete thereafter.
There are still some uncertainties as to the extent which would lead up to going to PFS I think.
My take, but open to others opinions on matter.
There's a plan ?
Anyway, although a concentrator seems like an admission of 'failure' to some people, to me it implies improved profitability from where we would otherwise be. Yes, it does mean more waiting but I have no doubt it will mean eventual success.
While I'm here, another pouint that occurred to me is that if we are to now produce the plan using a concentrator and then further drilling, then clearly we will not be presenting the prospect to AA until after that. We are looking at this time next year. We should then be in a position to offer maybe 1.5 + MT to AA. Will the plan then be redrawn to include the additional Cu found vis the drilling?
To be fair though Cygnus the refining process to a saleable concentrate takes it to around 99% purity anyway so the answer to my question could well be no as the differences between concentrate purities looks to be very marginal.
O.K, I think I get your point. You're saying that because the input grades to the mill are better, the end result will be purer and therefore a better price will be obtained. You're simply asking what that price is? Assuming there is a higher price.
Hi Cygnus sorry I wasn’t maybe clear. Yes, there are the known gains from pre-concentrate sorting, which does lead to a ‘cleaner’ concentrate as is produced from a higher head grade. It’s after this process when the concentrate is sold on for smeltering. Unless the plant will have on site furnaces for smelting. But nether the less as have said, smelter returns are highly affected by grades and impurities in the concentrate.
howezap: don't think it works like that.
It just means that the ore fed into the mill has higher grades and hence there is less processing that neds to be done. Less water, chemicals, energy etc. Hence the cost of generating the Cu is reduced for the up front relatively small investment into a concentrator. Then you just sell the Cu having spent less on the production of that Cu.
I think that answers tyour question - unless I misunderstood you.
With the benefit of higher head grades from pre-concentration, it produces a higher quality concentrate. This then has a major effect on the further downstream processing and relative op cost since concentrate treatment charges and smelter returns are highly affected by grades and impurities in the concentrate.
My question, are there different rates paid, dependant on the quality of concentrate? This would then go some way to impair the losses from sorting.
Q4 which year ?
Yes..... Q2 and Q3 haven't been fully milked yet.....
ive only just uncrossed my fingers hoping for a Q1 explosion.......
Is it too early to start talking about Q4 ?
Latest Empress statement (Insta) - with 'Manica getting fully ramped up' - Possibly Bird not Bull****ting us for once in his life....
OK Howezap. But who is at the helm matters. Let us beg to differ, but I`ll perhaps remember to come back in 12 months to see what has happened. Rgds. Bob
52 week range 7.02p - 1.35p
We only need a five bagger to get back last April's SP
Time to stop swanning around Africa in matching jackets looking for more rainbows CB, get your backside over to Oz and give whoever needs it a bloody good shake.
And lets have an rns regarding financials, gold in hand and production at FB
If you don't pull this off you're finished IMHO
Hi Vulcan, you do share a very similar rhetoric to kwak, that’s all I can say, but your and their opinions are just as valid of course.
The success of this investment has got little to do with the current declining share price or so called promises made, and everything to do with now being potentially a sustainable mining company.
‘Potentially,’ being that production rate from fairbride still to be confirmed, but you don’t need to be concerned with what CB has said, the feasibility study outlines mining rate and is what the new plant is based on.
As for BR, the investment opportunity is based on the degree of probability that the project will be sold and developed by a major, of which that position is closer now than it was when the share price was at 7p. Porphyry deposits are huge and require time and money to prove up to level of viability. That, we have all learned and have to accept or exit when appropriate.
The market doesn’t know best, the market for most AIM listed companies are private investors of which most are fickle and/or too impatient.
Howzap: Bigtime wrong! But, what is it that I have said that is wrong? Has Bird set the AIM investment market alight and made significant profits for ANYONE but ANYONE over the last 4-5 years in ANY of his companies? Its always going to happen tomorrow isn`t it?
Could I suggest that you look back at this Board, say a year or two ago, and see if any of the hype, the dreamland, or the various RNSs have come to fruition?
Just kwak patting himself on the back from his other guise, acting as if he is the third person.
Well said Kwadoku! I thought that I was the only one around who finds Bird `s modus operandi unfathomable and his success rate, to date, mostly hopeless and the SPs mostly driven by hype and hope. That said, I did benefit very nicely from Bird`s one and only success (Concordia with GLR). However, that was some years ago, and I now reckon that that was no more than a fluke and mostly driven upwards by the hype. Very fast, multi-bag rise (when, luckily, I jumped ship), followed by a rapid collapse back into the doldrums.
I must confess my surprise at Bird`s recent, albeit very modest additional investment in XTR. After just a few weeks, though, the SP is now down by over 20%. Bad luck Bird, or was it just bad judgement!?
Still, most of Bird`s admirers, both here and on GLR, have the implicit belief that massive success remains just around the corner. But, the pragmatic might reccognize that the perceived `corner` is actually a circle. Round and round, the weeks and months go by, but, seemingly, the `corner` is still there !
However, "How does knowledge of the past, help us plan for the future"? Well, Bird`s past ain`t been too good has it?! But, why not ignore that and use one`s imagination, hopes and dreams to `plan` for those halcyon days which are bound to come - er, aren`t they???.
I search the skies every day, but still don`t see those pink pigs flying past!
Butler
I've given my timescales on many aspects before and have been hopelessly wrong every time - always too optimistic even though many, at the time, thought my timescales were pessimistic !
It would not surprise me if it takes until end Q3 / early Q4 before we are up to FULL commercial capacity at FB. Hopefully we will get an update in June / July at the bi-annual report showing good income?
I have given up guessing the timescales for the other events.
I agree with you that a buy-out is now unlikely before H1 2024.
I'm still here and hopeful of a good return on my investment because 1.3mt + a very high POC will see a buy-out at a substantial increase of current SP and probably nearer to 10p than 5p.
But when that will be is now the question and I cant see it being any time soon :)
>> I very much doubt that. <<
Yes you could very well be right Andrew is I know one of them in particular are never going to admit they were wrong!