George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Littlewing look at my messaged a few weeks ago he had 45 million shares he has in increases his holding by 1.5 million
Should be:
last previous update
last update was 31 Dec 2021 so he could have added any time from 1 Jan to last week.
For what its worth, Alex Terry holding's were:
Nov 2019 20m
Nov 2020 30m
May 2021 37.5m
Dec 2021 45m
June 2022 46.45m
How do you know he has been adding over the last week ?
Alex Terry is the reason I have put all my eggs in one basket, you don't put millions in to one share and hold for this long, and then add again over the last week he must be happy with noise coming out somewhere
gla
Andrew that's great news Alex Terry increasing is holding, because of negative comments on lse I have been checking Alex's holding on a weekly bases, definitely the place to be
Cheers
I note there is a someone called Alex Terry who works as a Programme Director at Barclays Wealth. Given that Barclays Wealth are also listed as a significant shareholder, I wouldn't be surprised if he's the chap. My brother worked in a senior role at Barclays Wealth until about 4 years ago, so out of interest, I'll ask if he knows him next time we speak.
Still confident of a positive outcome here. A little patience is hopefully all that's required at this stage.
If anyone is interested.....Updated Shareholdings as at 13 June.
Above 3%
H+ L 145,428,035 Increase of 9M from 31 Dec
Interactive Investor 103,055,868 Increase of 2m
Halifax Share Dealing 70,623,264 reduction of 4m
Barclays Wealth 56,463,590 increase of 2m
Mr Alex Terry 46,450,000 increase of 1.45m
A J Bell Securities 41,829,823 decrease of 0.7m
Alex Terry is still increasing. I would think that the round numbers of all his previous holdings implies he is a PI??
I really hope he does well and makes loads of money here :)
I & sure few others reported the waste of space.
All enjoy the day
hahaha, has he gone ?, pmsl
Ha ha ha - check out this false account...
Admin - you be well advised to check out the account of JohnGeffson (joined today) - looks like a well known VAST shareholder making a new account to try cause trouble...
The internet sure is full of saddo's...
What a muppet..... thats the easiest filter decision I've ever made
Everybody fed up ..?
Some thoughts I scribbled down after the interview on the topic of dimension - I have kind of reverse engineered what 2mt would like
To get to 2mt copper then XTR need copper ore as an example of 600mt@0.333.
600mt of ore equates to a volume of ore of c260million cubic metres using copper ore on this tool https://www.aqua-calc.com/calculate/volume-to-weight
What does this volume look like?
Some examples
1. Rectangular cuboid: 1500m x 500m x 333m length, width, depth
2. Cigar 1500m x 470m diameter length x pi x r squared
3. Trapezoidal prism a flattened Toblerone 1500m x 370m high with width at top 600m and at base 350m (https://www.math.net/calculators/trapezoidal-prism-volume)
Whilst on subject of expectations, a little snippet I missed last time I listened to 08/06 takeaway.
Referring to gold production across Manica.
>>“We have been beset with rains, we’ve not had a shabby quarter, that’s yet to be announced.” <<
With that hopefully it shows production from first quarter ‘22 is not too modest after all. Particularly following on from the last quarter ending dec’21 where it was the best period for production since commencing gold mining.
That does appear more promising now, than initial assumptions due to wet season.
The conceptual open pit modelling from July 2021 showed a positive NPV based on a nine year mine life and A$1454 capital. That was at $5 per lb copper price but, on that basis at least, the capex can be repaid and a profit then made on what’s left. That modelled scenario produced 0.41Mt of copper from 162Mt of ore. The tricky part is in estimating how much additional ore there is and at what grades.....the model mentioned above didn’t include the results from phases 1 and 2 drilling, it was just based on the original 71Mt resource (grown to 162Mt due to the cut-off reducing from 0.3% to 0.15%).
Colin can be a bit difficult to hear but listening to the JUN 8, 2022 Midweek Takeaway with Colin Bird, I'm pretty sure that he said at Race course there was a high grade component made of gold and copper which should payoff the cost of the infrastructure in the first 5/6 years and then you've got a huge pit, I don't know, 600m deep, 450m wide and 1.5 to 2 kilometres long . Start about 1 min 16 secs and listen. Are people hearing the same as me? If I am right what does that do to the estimates of resource we have got. Note that I am not sure but the pit size possibly also excludes the shallow high grade component.
The pit shell has a strike of c1500m, CB has said, and since they’re broadly circular or lozenge shaped the width at the top must also be well over 1000m. He must have meant 150m width at the bottom. I’ve done a very rough calc assuming the pit shell is an inverted cone - I.e. a circle at the top of diameter 750m and a depth of 600m. The formula is 1/3 x Pi x r^2 x depth. That gives you c350m Cu metres, or (using the 2.7x factor to get to metric tonnes) c960m tonnes of ore+waste combined. That’s an understatement as a cone narrows to a point, rather than a narrow (150m wide?) base. And it does scale up nicely as you increase strike by 100-200m. Probably comfortably over 1000Mt. Still - gives you an idea.
It’s fair to say I am more optimistic than many. Targets have been laid out clearly from acquisition of the project. Now with the RNS stating we have tonnage and the grades to justify a rework of the conceptual pit, it’s clearly apparent that either there is 2mt or adequate resource to show positive economic potential through a decision to mine, there is no reason to believe as yet, that both requirements have not been met.
The switch to Ascot was always on the cards, particularly for me, was when CB said, “If we had found Ascot first, things would have been different.” Now, with the potential that the gold system carries, I believe that many do not even grasp the significance of it for the project, instead focussing on wether or not there is 2mt or not and worried that a high grade gold system doesn’t have copper in it!
The dimensions given in that Sunday roast interview (1600 x 600 x 150) at 2.7t/m3 give us 389 tons of rock. No way are we getting 2mT CuEq from that at our grades so I don't think the 150m is correct ?
OK, thanks Xeiger - He must have misspoken or those dimensions would give us <400e6t
600m deep and 150m wide at the top. I don’t think so! he was prob referring to the bottom of pit unless he just misquoted.
Gixer it was the last roast interview and he definitely states 150m width.
Johnswan1, what do you expect CB to do, though? He can’t just rock up at AA and say here’s some drill results, give us $300m please. He’s already said there are some gaps in the model that can only be plugged by two further drills. And Ascot could be huge but they’ve barely found the main part yet. It’s unrealistic to say the company should stop now and just get on with it. I agree with you, expectations set have again (again!) been over-optimistic. And we know (we’ll I’m convinced) that Bushranger, even at 1.2-1.5Mt, is worth a lot more than the African assets. We’d all like the money in our pockets soonest but it’ll take time I’m afraid.
Just listened to the last podcast with Zac. He doesn't mention 150m (width) No idea where I got that from! Apologies
he does mention informing the market, sort of re: FB 'I'm rather hoping that we tell the' that production starts in the next few days...'I'm rather hoping that we tell the' (was he going to say market?)