Member Info for addicknt

My observation about Credit Suisse and BHP was only tongue-in-cheek, but, as Pad has pointed out, they do have a close relationship with NMC. And despite what the terminally dull Xray thinks, this sort of thing happens all the time.
Another point worth noting is that the grades have been known about for some time; this is not news. I wonder if the analyst used the Angry Geologist as his main source of info? (for your benefit Xray, that comment was also tongue-in-cheek)

This is a first. 9.5bn cash flow over 10 years is apparently "uninspiring".
Additionally, in one breath he says it's "world class", in the next, the project is "modest". Hmmm.
My guess is that this bloke is working for BHP and is being paid to talk it down.

Newboy, yes, I agree that it will become a great investment and it's really good news that these Chinese guys actually bring something to the party other than just cash. Secker needs all the help he can get in terms of turning this into a profitable producer and I'm absolutely sure they'll be able to do it.
I believe too much in the future of lithium to ignore this share, but a profit's always worth taking...particularly after my previous failure.
I guess the share price should stabilize around the 25/26p level, but what do I know?

2014 when I first invested here. I held my shares for 4 years and foolishly didn't sell at the beginning of 2018 when I was sitting on a six figure profit. I eventually sold in two tranches and came out having just about broken-even. This was pretty damn useless for 4 years of having quite a bit of money tied-up.
I was on the sidelines when the solids hit the fan and bought back in at 18p. I sold yesterday on the spike and made a good profit.
The reason I sold was that I didn't want to repeat my mistake and lose a good profit.
I think the announcement was about what I expected (or something like it) and although I don't think it is particularly good for shareholders right now, it's about as good as it could be, and I think the benefits will accrue over time.
The fact that the price is 25p (which was unimaginable a few years ago) reflects Secker and Canacords absolute disastrous attempt to raise money via the placing. It was a total disgrace. I've said it many times, but they should both have been replaced and I maintain that opinion.
I still believe in this company, but until the financing is done and dusted and the money is in the bank, I'll sit back and watch.
By the way, Secker was his usual third-rate self in the discussion. He appears utterly incapable of speaking plainly and explaining EXACTLY what is going on. This guy is no good for BCN and he should go.

have upped their valuation and refer to their own estimates of $9.7bn of cash flow within the first ten years of mine life.
They state that the PEA moves the company closer to be being taken-out.

xray, we know for a fact that the company has had a great deal of dialogue with the government over many years.
My guess is NM is referring to a formal process that can only start once the commercial viability of a project has been established; which it now has.
What would be the point of getting permits if the project wasn't commercially viable? That's a rhetorical question, by the way.
Yesterday, I think I saw you say you are a shareholder; simple question; why?

share price reaction should surprise no one...it was inevitable. It is also completely meaningless.
It's quite obvious that there were plenty of people who took a punt in anticipation of the news and have sold immediately. They probably had little idea of what this company is about and the PEA meant virtually nothing to them. Unless they managed to sell at this mornings peak, they will have made a very small return. But, good luck to them...making money, no matter how little, is why we all play this game.
As for being meaningless; it is. The PEA has given us a partial glimpse of just how large our resource is and a minor short term share price decline is of absolutely no relevance.
The battle for CGP is the next item on the agenda and, given that they are completely conflicted, I'm fascinated to know what Newcrest think about it and whether the bid flushes-out the much talked-about corporate action. We are in for a very interesting few months.

AKG, we can guarantee a very positive write-up from Red Cloud. And I'm sure there'll be plenty of other positive comment, as well.

Jerry, thanks for your concern! I'm just relieved, as it were, that the weekend is over. Talking about relief, I'm also very happy that we've now got the PEA; the wait has been getting me down.
And I agree with your observation about MRE3; in fact he refers to this in the RNS. We are very far from understanding the full extent of this asset.

AKG, the annual revenue figures are included in the PEA.
Note: the figures are based upon 100% ownership. He seems confident!

So much for the "further delay"!
A great deal to read and digest, but on the face of it, it looks very exciting.

the way I look at things is that as each week passes without the PEA and/or other news, is a seven days nearer to the Holy Grail.
Have a good weekend folks...I won't...I have a colonoscopy on Sunday morning!

50p a share...you're 'avin a laugh.

FR1 appears to take NM's comments at face value. The fact is he's playing a very clever game and the process of claiming this will taken into production is no more than a negotiating tactic. The scale of this project is far too big for a company such as ours.
As for the talk of takeovers etc, I have yet to read any comments from any analyst/broker/market commentator/expert etc, who doesn't believe it will be taken over. Of course, there are many forms this may take and my own favourite is the sale of Cascabel, big divi and then move on to the next one.
Still, everyone is entitled to their own opinion and I have no intention of describing FR1's as "bollox".

Novice, you seem to be saying that because it hasn't happened over the last year, it won't happen this year. That doesn't make any sense, particularly given the significant advances that have been made.
Or do you have other reasons for thinking it won't happen?

Yup, that's my final small top-up. Cough, cough!

The Telegraph has run an article today explaining that the fund management industry must up its game by investing in alternative energy opportunities.
I think we can all agree with that! They have been so slow to respond. Countless billions are needed and more fund managers need to take the risk. The move to a carbon-free environment isn't going to happen without their money.

Good heavens!

Thanks for re-posting, Colombo.
This guy, and many other analysts, have always maintained that this can't be taken to production by a junior, and I'm certain he's right. NM is treading a very fine line. On the one hand the key potential bidders know full-well that we can't go it alone (which is a negotiating weakness from our point of view), but on the other, they are also aware of the significant competitive tension between their competitors. None of them will want to be left behind.
I have full confidence NM will exploit this to our maximum advantage. This has become a classic case of M&A positioning and strategic management. Our advisors will have been working with the team in order to develop a sales process and my guess is we are fully-prepared for whatever may arise.
By the way, I reckon NM has far more than $3bn in mind.

I've said it before, but i think it's worth repeating; the key difference with our off-take is that Hanwa have invested hard cash and stand willing to invest more. This is a major differential between us and many, many other junior miners.