Member Info for 99icecream

Fitbrokerspal - has done his research, doesn't like the stock, but still posts about it. - Filtered ! - Charles Archer infinitely more knowledgeable anyway.

I don't know if this has been posted before, but if it hasn't been:

"Solid-state batteries promise everything EV buyers want, but Honda and Toyota’s latest patents show the hardest work happens long before production ever begins."

https://www.autoblog.com/news/honda-and-toyota-reveal-why-solid-state-batteries-still-arent-here

Market caps were £ not $ btw.

I guess I'm in neither camp (half full or half empty). I only have a modest holding at this stage (as I tend to follow things I own far closely than things I might want to own). But, I would be happy to buy more if we continue to get good news. Having said that there is lots to like about Ilika IMHO.

Seems obvious to me that Ilika is at worst will be a niche player, i.e. it will succeed in financial terms regardless of success in EV's or mobile phones. So there is little downside.

Further it seems that Ilika may be as good (or better) than companies that have spent multiples of their investment. For example.

Ilika vs. Solid Power vs. QuantumScape (N.B. numbers approximate and not up to date). Employees 70 vs. 260 vs. 650. Market Cap $51 / $575m / $3450m.

In addition, consider that Ilika may succeed in financial terms even if it doesn't get the big prize in terms of EV's or Mobile Phones, etc. Should Solid Power or Quantumscape or their rivals struggle to get a good product to market, they would no doubt consider buying Ilika for its knowledge and Patents etc.

You could also read Marlow and Palmer (A preliminary study of the rare earth element-enriched Twyfelskupje carbonatite complex, southern Namibia), referenced in the paper:

https://doi.org/10.1017/S0016756822000917

The Presidential Election on 15 March may be a catalyst for the deal.

The World Bank Reference price for Potash for End February 2026 was published recently. (Reference is the FOB Price in Brazil)

The End February 2026 Price was $372.5. This is up 1.7% since End January 2026 ($366) and up 5.8% since the Formal Sale Process started (End Oct 2025 price = $352)

Gabon is the next country north on the African Coast and the Potash they have is a contagion of the Republic of Congo Potash (which runs next to the from the Gabon border down to Pointe Noire.

The other thing to note is that the US (DTC) is backing the Gabon Project, they have given the $3 million to develop plans for their mine.

One thing I had missed was that the US now considers Potash a Critical Mineral.

As you may know I have always regarded China as the favourite to take the Kola Project, given the US interest in Gabon I think that will make the Chinese more determined to get KP2.

Interesting times !

Also, we want to know the progress with diamonds. The statement in October was interesting:-

"Record diamond recovery: 57 diamonds were extracted from just 40 tonnes of screened gravel processed over one and a half days, averaging 0.72 carats per stone and including the Company's largest diamond of the year at almost 7 carats."

....but success in the diamonds is all about how many large diamonds are found, as a 7 carrot diamond is closer to 70 time the value of a 1 carrot diamond.

Finding one large diamond in 1.5 days might be a fluke, finding 20 in 30 days would be extremely interesting.

Which is why I suspect they will want to update the market on revenues etc. in first quarter. After all, there is no point going to 1.5 shifts a day if the HMS is not of saleable quality.

The price falls in this and other small mining stocks is more to do with the reduced liquidity that comes in times of crisis, than any reflection on this or other similar stocks. Expect to be able to buy or sell in smaller sizes than usual, as the dealers will be instructed to keep very flat trading books.

IMHO its been great to be able to buy a few more at (sightly) below 1p. We will be getting the interim results at the end of March, and also I suspect an update on production and sales during the early part of this year.

Projects like this are as rare as Unicorn s*** . Usually you have to raise money to drill, drill and drill some more to understand the scale and geography of the resource. Then you have to develop a mining plan, then raise more money and dig, dig etc. and also build plant to separate ore from rock etc. The whole thing takes years and costs a fortune, before you see any return.

Here you just need a JCB to scoop material off the beach, and therefore its cheap to mine and process. The yield is also substantial, in terms of saleable minerals (including diamonds and rare earths [monazite] ), and every time there is a storm the waves replenish the beach.

Having said that, Trump knows the secret of success in Politics ".... its the Economy Stupid..." so don't expect a prolonged war.

If this war continues on the demand for new cars will collapse.

Just about everything is down today. Nothing to do with BRES.

Extrader - I assume you intended to post on KP2 ? I have PM'ed you anyway.

Given there are 70%+ shareholders known to KP2, if a bid occurs it will be subject to a recommendation from the board and also an irrevocable commitment to accept the takeover offer** from shareholders representing 50%+ of the votes.

** Unless a higher offer is made by another.

Its just another bit of evidence that a deal is close to being done on KP2.

No ! They were always entitled to 3% of the Project, this just lets them get their cash.

KP2 buys 0.46% for $1 million equivalent to 4.2 cents or 3.15 p a share. It has the option to convert the remaining 2.54% for the same percentage in KP2 shares in the event of a takeover. So the seller gets a low price for part of the holding and gets takeover price for the remainder.

Highly probable (IMHO) that the remaining bidder is China. This is because China considers Potash to be a critical mineral. China is determined to get control of critical minerals.

https://www.visualcapitalist.com/the-critical-minerals-to-china-eu-and-u-s-national-security/