Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Hi flipper there is always that suggestion that AA are not necessarily the ideal buyers so I think waiting for the cat to come after the pigeon is not ideal if they are not interested. Let’s wrap it in a big bow and take the pigeon to the cat. With an outcome one way or another, it sounds as though the early high grade recovery will be increased anyway, and then further drilling dependant on outcome.
I’ve always had concerns that mighty AA will play hardball, if they don’t want it now, they are not likely to just rip up the agreement if there is the chance that their internal politics might change in a few years and so will not want any other majors stepping in to take it on in the meantime. So I think there is a dependency on getting the data package quality right so one, or both of their options is met and triggers the buy back mechanism undisputed.
If they do want it, then at least there is option to go to third party valuation if both valuations are too far apart.
I agree with Steve’s interp too, and others that it’s looking toward a ‘23 sale at some point now.
howezap. Relistening to the GLR podcast which from about 16.01 refers partly to XTR, he states "keeping going, keep adding value......." and from 17.30 "they will be lucky to get copper assets in 2024".
As Steve has previously stated, he might be trying to force an offer out of AA. Also, it is entirely reasonable that AA play hardball for the benefit of their shareholders. But I think what he is saying is probably a fair reflection of current plans. Happy to be corrected. The podcast team did a good job at asking points raised on the bb's.
I'm invested in 3 Colin Bird companies, four if you include the unmitigated disaster that is KEN.
But having made a shedload in JLP, I am definitely starting to feel that the smart money is in now in GLR for a multibagger in the shorter term rather than XTR.
It’s noticeable how Colin seems to bring up the sale of kalumbila frequently and in this podcast he does so again, commenting on what it now produces against what it was sold for. That, “it was the right time for shareholders.”
It’s fairly obvious he feels they under sold it, and now with Bushranger you certainly get the impression he is not going to make the same mistake by not realising the asset potential by “selling and then 6 months down the line it’s announced that another Cadia is found.”
Is justification enough that has seen the completion of an extended exploration phase, with a next phase under consideration. First step, get the modelling out, and see if our buy back partners want it so they can get the constricting agreement out the way.
Have complete faith in Colin to deliver, there’s your experienced businessman right there! He may have his critics, but you would not want many, if any other chairman in control of your hard earned.
I hope we have some news before next Easter, the SP is failing again, I think we will see 3p or less soon.
I'll be having a major top up if that happens though.
He seemed fairly confident that copper will resume its upward trend next year and that the big players will look seriously at what's on offer. I'm hoping that by Easter AA will have made a decision and if it's not to buy, then others, including the Chinese, will enter the bidding arena.
One can only hope!
CB on top form in that podcast ! (absolutely no need for the one and only Mr Colin Bird to remotely consider 'smoking dope'.. as he's already so high on life..)
It was an interesting and informative podcast and yes he was definitely talking about XTR in the latter part. Roll on 2023.
https://audioboom.com/posts/8153958-midweek-takeaway-with-colin-bird-executive-chairman-of-galileo-resources-aim-glr
People can interpret things in their own way. But my feeling was he was referring to XTR and the 2 m/t in the interview and XX being awkward.
Can somebody direct me to this Telegram group please?
ps To save a likely comeback on Amur, I should have also noted that thee broad outline of a potential proposed Amur deal was spoken of by managment ahead of the Russia invasion of Ukraine .. and it was cr+p then too.. more cr+ppy subsequenly granted.. so the eg is still valid imho.. no doubt happy clappers will look to brush that eg under the carpet some other how though. along the lines of if you're not posting good vibes about the stocks you hold a position in then you shouldn't be posting anything.. wihc always makes me think : 'seriously ?' ..and laugh.. not least as AIM is far more about 'in play' betting these days than the longterm buy and hold eg Range Trading
From the Bushranger value aspect of xtr.l - and I also absolutely note we have Manica 'ard too.. which could do with a bit more respect generally here imho- what's really needed to get momentum back is one or more - semi even -similar stocks in this or other commodities exploration AIM LISTED sub sectors to have a 'marquee' - ie strong valuation - buy out event occur ASAP... (Note i'm saying not a Aus/Canada/US /Asia listed etc marquee event, BUT an AIM LISTED one ..I'm in a gold explorer whose AIM Sub sector sector very badly needs that too for eg.. and I was until recently in Amur too.. but what's happening there is, alas, the exact opposite of what's required.. so the one eg I have is a cr+p one.. that further discourages generally etc)
Alas, such marquee deals have been very - very- slow to happen for plenty long time now.. and hence Investors/Punters are more prone again to stay away from such AIM sub sectors as a rule.. until such an inspiring event(s) occurs and they don't stay away any more...
(To save you saying it back.. obviously great if Bushranger this year is that marquee buy out.. but one wherever ASAP would have a much needed good s/p effect generally is my broader point..)
I read somewhere that, “the strip ratio has lost some of it’s importance over the last decade with tools now that allow better modelling and quantifying, a number of the other ratios or strategic indicators.” Also that it is not an absolute factor but just an indicator.
After looking into it further, it is clear that the geology on its own, determines the strip ratio, it is not influenced by the economics or even wether there is a higher quality, or grade of resource. It is however, influenced by the type of waste materials that will need to be removed. So the strip ratio, ultimately influences the economics, not the other way round as is the case for the economic mineable grade cut- off. The strip ratio ultimately determines the open pit slope angle, so in theory an easier to dig overburden will not necessarily be cheaper for the project economics as it may mean the slope angle needs to be increased to have the same structural integrity to prevent land slip. So, although the waste material could be a lot easier to remove, this could well actually increase mining costs overall.
So I it seems fairly clear that the strip ratio is an important factor now as it has always been, toward economic evaluation. Then, the more the project is studied, the other associated costs are added to figure the projects value.
Having said that, is there a correlation with strip ratio and the latest focus on environmental impact and reclamation costs that might actually increase the importance of the strip ratio?
Any other thoughts overall appreciated.
I am not going to go into details as it tends to lead to arguements.
Think of is as owning a piece of art. It can be valued as the price you brought it for, the insurance price, the auction price, the price to a pawnshop, or even the price to a must have collector. If the art work isn't very good, it could just be the cost of the raw materials.
There is always going to be a range - a wide range. My suggestion is to read the valmin code. In reality the lowest price and the highest price are never achieved. Instead it's nearly always somewhere in between. The 5p was the very lowest price.
Iceberg, How does the valuation work?
the share price was in the doldrums throughout last summer as well
Thanks steve, tbh I can't be arse to keep arguing it. Folks who twist it, particularly bitter people who don't understand how valuation works.
I am here!
Reading but not got much to add tbh.
Low volume
Poor markets
Waiting for news such as the April June good production and the half year results. Whatever will kill the time until the main Oct Nov news releases jorc drill assays results etc.
whats happened to iceberg
Bauhouse..... that is almost a Nadine Doris post.... word for word the same as another Poster on Telegram. Lol
hi dani, just wondered what your take on the agm was ? always good to hear your opinions .
Not sure why we keep seeing 'theiceberg valued it at 5p a share' :)
What he actually said was that 5p was the absolute worst case scenario under the Valmin method, but the more likely valuation was considerably higher. You can go back and check his posts.
No ISA transfer.
Confirmed sells then ?