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Squib6, my understanding is that market makers aim to hold no net positions of stock neither long or short, Inevitably in the process of doing their job they will find themselves long or short but will strive towards zero and will look for opportunities and use methods to achieve that.
They are not investors, not speculators, but merely provide liquidity to the above and make a profit on the spread.
I spoke to a mm in November. He mentioned that people over-estimate how much info they have on the securities which they work with.
Dazzler still hunting for VMS's, conduits and conductors. If only there was a price/tonne for such things.
These graphite grades are modest - future drills need to be better and numerous.
I've never been convinced by Darren and was slated here by the pumpers for saying so a while back. The SP is the only scoreboard.
I'll stay on the sidelines. Thanks for posting the video Jimzi.
VAST has lost 99.982% of its value since the P&D highs. £10,000 invested then would be worth just £1.80 now.
Yet the stock is still promoted by an army of pumpers who say the company is a great place to invest.
But it's definitely NOT a scam of course. (thanks for the laughs)
I hope you tell your friends and family an honest account of what your life entails. I pity you.
Like, what a way to blow 60 grand?
Good to see you're still rocking, Rocka. I miss the old days when there were hoards of aggressive pumpers here. We had some real laughs didn't we?
Best wishes to you.
Taverham, first I advise learning who CCCAL are and what is their relationship with Mediazest.
Then I would suggest calling Mediazest at their Woking offices and asking who is CCCAL and if there is anyone at Mediazest who also has an interest in CCCAL. You would probably want to speak with someone at the top so I would suggest Geoff or, even better, Lance. I would love to hear that conversation.
TBH as a MDZ investor you don't really need that level of knowledge as there are other horrors smacking you in the face here. For example, since the IPO in 2005, MDZ has lost 99.92% of its value for shareholders. Imagine investing £10,000 then and having only £8 now thanks to the way that the management have operated the business. And before you ask, yes it is the same management in place. And yes, both Geoff and Lance have done rather well out of it.
Taverham, if you still don't get it then you're probably beyond help. AIM fodder abounds. Good luck to you.
Thanks for your input Lovehandles. Lac Tao does seem to have extraordinary grades although at somewhat modest scale compared to what probably lurks in the ground at Pitfield.
My question was really addressing Catbert's assertion that....
" The best hard rock Titanium deposits are 30% Tio2- Tellnes etc indeed the top two account for 32% of global supply."
...suggesting that global supply is dominated by hard rock mines yielding 30% - including Tellnes
I've shown that Tellnes has 18% so until Catbert can provide a source then I'll assume he/she was just making stuff up.
Earlier today Catbert stated that Titanium mines such as Tellnes have grades of 30%. Catbert - please share your source for this info. Thanks.
As far as I can see the Ti02 grades at the large Tellnes hard rock mine are 18%
https://aps.ngu.no/pls/oradb/minres_deposit_fakta.Main?p_objid=4998&p_spraak=E
Note that this is hosted in hard igneous rock in quite mountainous terrain comapred to Pitfield's flatlands (wheat country) and soft sedimentary rock
Meanwhile in Kenmare's Moma mine in Mozambique they state 5.64% Ti02
https://minedocs.com/21/KenmareResources_press_2020.pdf
Let's also consider jurisdiction risk. Titanium producers can be found in some unstable jurisdictions. Here's the top 10 countries for mined titanium product:
1. China
2. Mozambique
3. South Africa
4. Australia
5. Senegal
6. Canada
7. Norway
8. Madagascar
9. Ukraine
10. USA
https://www.statista.com/statistics/759972/mine-production-titanium-minerals-worldwide-by-country/
Australia is arguably the most friendly country in the list for western miners to operate. Russia should appear in this list soon (thanks to Chinese assistance). Anyone fancy a Russian mining investment? I thought not.
Using back-of-envelope maths, I figure that Pitfield should be >>100x bigger than Tellnes.
So, 30% TiO2 grades in big volumes - where do I need to look Catbert? Thanks.
PS Going back to Moma, it's interesting how they separate useful products (ilmenite, etc) from the rest of the ore. Magnetic, wet gravitational and electrostatic systems are used. https://www.mining-technology.com/projects/moma-titanium-minerals-mine-mozambique/?cf-view
Thanks for your reply shaun - nice.
I imagine there's an adult here who can answer instead?
Thanks again
Taverham, it's good that you have thoroughly researched this company
How do you explain the £2.77M of goodwill on the balance sheet?
How is this justfied?
What would happen if the auditor finally refused to sign-off on this mystery intangible asset?
I don't expect you to answer this because no MDZ cheerleader ever has but just do your best. I'm trying to help you, btw.
Next, do you know who is the character behind City and Claremont Capital Assets Ltd (“CCCAL”)?
"... companies like Inchcape and others they are not allowed to take money out of Ethiopia..."
How do we suppose that companies like Kefi might be allowed to take dividends out of the country to reward the patient shareholders (who have bank-rolled the project) if/when that time eventually comes?
Would somebody please show me which part of the article indicates green steel as being the focus for the FMF in Riyadh this week?
I couldn't see such a reference to steel. Many thanks
About 6 years ago I warned people about this stock. Then the low-life boiler room pumpers here managed to get my lse account suspended for my efforts. Since then it's been a 99% wipeout for gullible shareholders.
AIM is mostly uninvestable garbage and VAST is a great example. Draw your own conclusions about the enforcers at lse.
IFOXX, it's worth remembering that until just over 6 months ago, 1 million shares would cost well under 20 grand. I believe there are a few of us here who saw the Pitfield opportunity early and placed significant bets of 1 million shares and multiples thereof.
Somebody on here today was crowing about 'buying the dips'. :-)
GLA