Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
When I saw the mid June photos RNS I was struck by the lack of any real visible progress on the “connectivity” crafts that usually take the biggest technical effort to execute timely at a job site. These are the piping, conveyors and E&I aspects. What was visible was civil, structural steel (with nothing yet mounted on it) and some equipment all of which are usually pretty straight forward early stage crafts to assemble/install at site. I showed the pictures to a 40 years experience oil and gas construction manager friend of mine and said this is targeted to commission in Q1 2024. He laughed and said looks more like it will be Q1 2025 and it would be miracle to finish within 2024. I sold my 10,000 shares at 140p that very same day for a small profit. Just wish I had put a message here at that time but didn’t want to get the de-ramper abuse so didn’t bother. Sorry to the LTH here for that and I have learnt a lesson this week and will not keep quiet the next time I have something important I believe is worth sharing that can save folks savings if they choose to listen. I would hope others who have important knowledge to share would do likewise.
4p placing price with no warrants (except few for broker exercisable at 6p) is excellent financing in the current hard market. Getting a proper good cash amount to hit Pitfield exploration hard. Well done Shaun.
Interesting from Apple for IPhone 15.
https://www.youtube.com/watch?v=d7tTxFbjgls
The word is that the Titanium option is having the greatest demand from buyers who are liking the lightness etc. I have also noticed for watches that there are increasingly more offerings in Titanium recently, again mainly for the lightness benefits. If Mega companies like Apple are seriously getting into Titanium based products where mobility lightness is key factor then future demand for titanium could sky rocket………oh to have a “Giant” Titanium resource based in safe mining Australia. 😉
It’s where you would expect the boss to be when positive drilling news lands…….ready for milking the press attention…….wink emoji :-)
Interesting news article about this onshore drilling in Angola….
https://allafrica.com/stories/202309020100.html
You don’t get senior representatives from the state Oil Company and the Government going to the trouble and publicity of doing a site visit unless there is a high probability of success in my opinion. No one in those type of senior positions wants to be associated with a failure.
This minister for mineral resources (Diamantino Azevodo) has been in the position for 6 years including re-appointment in 2022, so must be seen as a safe pair of hands.
Bodes well. DYOR.
https://eiti.org/2023-eiti-global-conference/people/hon-diamantino-pedro-azevedo
Yes maybe a drop tomorrow……..I noticed that Petrofac has lost out in the two horse bidding race for the MERAM Project from ADNOC, according to news released earlier today in the UAE press.
https://www.gulftoday.ae/business/2023/08/09/adnoc-gas-awards-$3-6-billion-contract-to-expand-its-gas-processing-infrastructure
It’s worth reminding ourselves of what Coringa brings to the Serabi party…..Here is the PEA RNS that was published back in the 2019 world, just prior to the pandemic.
https://www.lse.co.uk/rns/SRB/coringa-pea-confirms-positive-economics-ec91dj5jnlxb3ji.html
Lots of this PEA data would be getting positively adjusted if it were being prepared today in the 2023 world (e.g. the gold price increase, latest mine development ore/grade data, potential for processing location integration with Palito, etc).
One aspect that many may not realise is that the Coringa process plant is already available to Serabi in a disassembled condition. It just requires assembly at site (which could potentially be assembled at Palito rather than Coringa if promoted by the latest CAPEX / OPEX economics) and therefore costs to bring into operation are going to be far less than for normal development of a new facility. Refer to the PEA section titled “Metallurgy and Processing” which states “The Coringa Project will utilise a process plant which is located at site, awaiting assembly. The plant has been previously operated, in Brazil, on a continuous basis producing gold bullion. The plant has a total milling capacity of approximately 580 tonnes per day using two ball mills.”
Seems to be lots of great potential here going forwards IMO…..DYOR.
Notice the cross reference to Rio Tinto’s Quebec facility……Then remind yourselves of this previous RNS:
https://www.lse.co.uk/rns/EEE/ex-rio-tinto-geologist-joins-empire-metals-gn2p44i6i7bkf7f.html
So I wonder who EEE maybe talking to for gaining Titanium related knowledge and potential partnering opportunities…..
Circa 500,000 shares bought at 2.24p in last five minutes of trading are showing up over on the Aquis exchange……hmmmmm…….looks to me like the MMs are trying to reduce the buying strength visibility on the bulletin boards ahead of opening bell tomorrow. Bodes well.
Worth reminding that on 15th Feb RNS they stated a cash position of 1.25 MGBP and so the subsequent 1.25 MGBP placing on 13th March RNS would have doubled the size of their cash pot (minus any expenditure in the 1 month intervening time period) and so they should have plenty of runway for upcoming exploration activities as intimated by SB in recent interviews.
Or Myles getting out ? “It’s fully valued” as per recent tweet.
Looking at the photo image in the link this new saliva test kit looks to be made up of several quite complicated looking components versus the well established simple to use 1 piece urine based test stick.
Leaves me wondering :-
- Will women want to pursue to use it versus the established easy to use test?
- Will it be trusted by women whose mindset is likely to be that urine is “linked to the reproductive region of the body” whilst saliva is remote?
- Will it be wide-spread easy available from chemist shops / on-line retailers (Amazon etc)?
- Will it be priced competitively and turn a profit?
Will be looking out for some early sales data to back-up the optimism being shown here. In meantime I cannot help thinking this is a test looking for a market that’s not really there….
Argentina….not good news over the weekend. Let’s see how it develops next week.
https://twitter.com/BowTiedMara/status/1649517262078980098
Interesting news from Chile…..This comes after Mexico recently did likewise. This will likely undermine future Lithium related exploration & development in these countries and perhaps South America as a whole. Hopefully will help shine a light on Lithium assets in other stable locations such as ATM in Namibia.
https://www.zerohedge.com/markets/chile-stuns-markets-and-ev-makers-nationalizing-lithium-industry-overnight
Recommend you take a close due diligence look at an under the radar silver miner based in Bolivia called Andean Precious Metals (ticker: APM on TSXV). It has a low mcap at around 100 MUSD with almost this much sitting in cash on their balance sheet. Produces about 5 million ounces of silver per year via the only oxides based processing plant in the country. They are looking to upgrade the plant at relatively small cost to also process Tin which is present in their mined material & tailings stockpile in order to improve ASIC etc. They are about to get uplisted onto the main Toronto exchange which will bring more liquidity to the stock. Insiders hold high % of the shares so major skin in the game and the Company are currently doing stock buy-back whilst the price is so undervalued. They are highly leveraged to silver price. Erik Sprott has a good size holding. Only downside I can see is their LOM is relatively short but they are working on addressing this via securing other silver sources in country. Sometime soon I believe this stock will really take off. I am a holder.
Here is the equipment section from the STRIKE website……Whilst it is hard to make out from the Twitter message video which specific one of their rig types is being used…What is noteworthy for all their RC rig types in their features listings are these words “real time data transfer capabilities from the drill rig”
So their early drilling findings news could drop at any time…..
https://www.strikedrilling.com.au/productlisting/drill-rigs/default.aspx
Indeed……proper games being played by the MM’s in recent days to try and keep this stock off radar from many in retail who simply follow the herd via the bulletin board daily high risers list. They are currently wanting to keep a lid on the SP for this one for some reason…..it likely won’t last. GLA
Not sure…key thing is it relies on Zimbabwean authorities approval. Hardly the most reliable and dare I say honest entity to be at the mercy of as the clock ticks down. To me PREM is high risk investment right now based on RNS as reflected in the sell-off today and its squeaky bum time with the end of May only around 2 months away. If the agreement falls through it will be a major show stopper here and SP will crash big time. George will likely be busy with brown envelopes as we speak to hopefully avoid disaster for stakeholders. Just have to hope there isnt someone else waiting in the wings with even bigger brown envelopes to pick up the pieces……GLA
No warrants attached to the placing shares is very good to see to help avoid much placing shares flipping to undermine the SP, and it reinforces that there was strong investor demand for the placing. Just the few Broker warrants set at 3.375p which is a nice healthy 1.5 x 2.25p placing price and they would need to be up at 4p+ to be worthwhile exercising for profit. Bodes well….
Good China economic numbers this morning…….should be positive for the copper price, stock market, etc