Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
1 month chart looking slow but steady in the right direction
Fear not disciples, PP-FCC is back in Brazzaville
https://www.flightradar24.com/data/aircraft/pp-fcc#
(irony alert - I have seen no evidence that this Brazilian-owned long range exec jet has any connection with Zanaga or even Vale)
Yes, I was wondering who was paying for the Chinese re-costings exercise. I figure they would not do it for free without at least some sort of MOU/LOI or other contractual commitment (which ought to be RNS'd). I also figure that this sort of work isn't cheap as Zanaga to P-N is a fair trek.
Hence the raise.
If the recent drop is the result of the raise then we can say that certain favoured people are buying at heavily discounted rates. One might describe it as a sanitised version of a brown envelope.
Hopefully the above represents the ticking of 2 enabling or even transformative boxes.
GLA
Nat gas roofing it today. Can anyone recommend a (free) news source which would help me understand the market dynamics at play?
BTW, I am fortunate to have bought the 3x ETF 3LNG earlier this week. No WFT applies to that :-)
Looks like management can now get 12% return on their cash. Nice work. It's a pity they couldn't align themselves more closely with shareholders and just buy some shares. I'll stay on the sidelines.
It seems that investors now have their positions, some traders have done their thing and it's a waiting game until the next announcement. I can see the SP hovering in the 4's in the meantime despite the best efforts of the pumpers which EEE seems to have attracted recently.
Next news should be more detail on the next Pitfield drilling programme and hopefully with further explanation/ interpretation of geological data. I would be most interested to learn how Sean Bunn plans to find the copper which he is convinvced we have in abundance. (is there such a dance as a Bunn Dance? maybe we should invent one) :-) I'm also looking forward to the comments of AGEOS on this (the copper that is, not the dance).
I know we have enough cash for another drill campaign but I'm wondering if SB is considering a raise at this level in order to finance a bigger campaign and even a maiden JORC reserve (at least for Ti). £2m could be raised with around 10% dilution and if the placing was done to the right people we wouldn't suffer the overhang of bucket shops dumping shares for a quick profit.
Finally, 5p/share equates to just £25m market cap for a globally significant titanium prospect (plus EEE's additional assets for free). After the next drill I'm hoping the market will re-rate EEE to £100m and at 20p/share I will be close to retiring (allow a man to indulge his dream please) GLA
Dips are inevitable even during a rise as emphatic as this. There's plenty of garbage on AIM for the herd to jump ship to but I'm not bothered by that - the potential here is as great as anything I've seen in my trading life. GLA
I'm just imagining the iron ore at Zanaga stuck in the ground for another 20 years whilst corrupt governments dither and bicker about a trans-Africa railway. Give me a direct route to the Atlantic please - preferably a railway which would have plenty of other uses (transporting personnel and supplies to site for example)
Https://web.archive.org/web/20081025100951/http://www.korea.net/News/News/LangView.asp?serial_no=20070820016&lang_no=1&part=103&SearchDay=
I wonder what became of this...
About 20 companies, mostly from Korea and some Malaysian firms, including the Korean Railroad (Korail) and Korea’s system engineering firm POSCON, have agreed on Aug. 17 to form a consortium to carry out a railway project in the Republic of Congo.
Led by Korean firms, the Congo-Malaysia-Korea Consortium (CMKC) reached the agreement with a Congolese railway development committee led by the African country’s transportation minister Emile Ouosso.
According to the consortium, the three-billion dollar project aims to connect a one-thousand kilometer section between Brazzaville and Ouesso and a 500-kilometer section linking Djambala and Pointe-Noire.
Under the deal, the Congolese government will grant Korean firms exclusive rights to develop its gas and iron resources, as well as a tropical rain forest, for the next 30 years.
Denis Sassou Nguesso, the Congolese president, supports the railroad construction project since the country desperately needs a proper transportation system to boost foreign direct investment in the development of its resources.
So if forestry has been a hot topic in Brazzaville recently then maybe this explains the recent movements of PP-FCC.
PP-FCC is the executive jet owned by Brazillian lumber company Greenplac Tecnologia. This jet was touted by a poster here as being used by Vale but no evidence was shared. In the absence of such evidence I'd say it's most likely not being used by Vale but by the people who own the jet; Greenplac.
https://www.flightdb.net/aircraft.php?modes=E48DB4
https://www.dnb.com/business-directory/company-profiles.greenplac_tecnologia_industrial_ltda.44d5d35565f7b6c45fd75e2f9ce4f141.html
I did a dummy sell 2 mins ago and MM's will take up to £25K worth of shares in one go. I've known this to be higher but still pretty good. The frenzied buying of Monday seems to have settled down and now perhaps we have stickier hands and a shortage of sellers.
3.6p needs to be taken out. Hopefully this will happen this morning.
GLA
Thanks for your message Kongolasse :-)
20p by the end of the year I think is achievable with further positive drill results.
It feels less hostile here than over at ZIOC this afternoon. I could do without such tantrums right now TBH. :-)
Best wishes to all EEE-ers wherever you may be
MM, I'd be very interested in what factors alerted you to PP-FCC? I'm assuming that you don't have the time to track all Brazillian-owned aircraft to see which ones have been to C-B so I'm guessing that something or someone must have tipped-you off about this?
Many thanks
PS Yes I have read the posts from this afternoon. Can we please draw a line under it everyone? Thanks again
FWIW according to Flightradar24 our much-tracked Bombardier long range jet has left Brazzaville for Cascais (Portugal).
I'd be happier if there was more evidence linking PP-FCC with Vale but I can see the possibility of a link.