Member Info for Agricore

Hi Echo1

The marine base is worth $12m (probably split $4m in 2021 and $8m in 2022.)

There’s lots of those deals out there and their technology is important for autonomous vehicles, Warehousing and iot. All very topical areas. I wonder whether the likes of Kathie Wood will snap this up in ark invest at some point?

https://federatedwireless.com/federated-wireless-oversees-successful-12-million-5g-private-network-pilot-using-shared-spectrum-for-united-states-department-of-defense/

The NAV assuming we get zero for spin memory (which seems unlikely although their creditors will get the priority) is about 38p

If we assume “VC like returns” being 3x NAV then this as the potential to be a 5 bagger if the whole portfolio exits successfully…..

At current price a patient investor should be rewarded. But I agree the comms from ALM to shareholders are poor. OSK launched its satellite over a month ago. Why sit on the news till today?

Good luck and stay patient!

The phrase “increasingly confident in delivering venture capital like returns” (typically vc returns are 3x or more) in today’s update is Very good to hear.

Would be good to see fInancial results but the verbal progress update is positive.

Sumoskier looking at the macro I think the reason for Jubilee's drop is fears about Covid resurgence in China and the perceived drop in metals demand.

Also there's another chapter to the Zuma Trial next week. If there's a repeat of the troubles then this could be negative for Jubilee. However, the strong fundamentals are still there and compared to some of the other SA PGM extractors (notice I don't say miners) Jubilee is already multi jurisdiction (Cypress, Zambia as well as SA) and importantly can up tools and move if needs be. It's core competence is its (unique?) techniques to extract metals - not owning a mine.

On the positive, today the US are proposing a new $3.2bn green infrastructure bill and COP26 will drive substantial investment all of which is positive for outlook of Jubilee. As I said before current prices are extremely attractive, and in my view are obscured by controllable short term risks. As for my money, it's a jubilee wedding!

GLA

I believe the LG6 reef has the following anticipated basket price: (I used the numbers from the MomentumInvestor article July 2021

60% Platinum @ $1000 ounce = $600
18% Palladium $2600 ounce = $692
12% Rhodium $19000 ounce = $2280
10% Iridium/Osmium/Ruthenium say average $1000 = $100
= $3,672 Basket Price (NB this is similar to the Tharisa and Sylvania basket value)

$658 Cost Per Ounce (this varied between $400-658) - This is eyewateringly low - and due to the high recovery rate and the fact it is processing tailings.

H1 Output 50,162 Ounces
Gross Profit Earnings = $3672-658 x 50162 = $151m or £110m

I can't believe I had the opportunity to top up sub 16p today. The drop made no sense to me.

ii is £9.99 per month for a SIPP (if you already have an ISA). So compared to HL if your SIPP is >£26,666 then it's cheaper. If you have £100k, for example, it's £330 per year cheaper. (100-26.6*0.45%). If you have the super investor trades are £3.99 even for your SIPP, so much cheaper than HL @ £11.95

Oh and 6 months free too.

Today HL announce record profits. With their charges I'm not surprised!!

This morning's RNS is the 81st most read RNS since 7am.

There's a good chance of getting in close to the 17p mark in 10 minutes time :)

Skeletor - no - the financial year runs from 1st July to 30th June so "FY2021" is 01/07/2020 - 30/06/2021.

Year on Year comparisons are for 01/07/2019 - 30/06/2020 (FY20) compared to the above.

Grit, grit resilts frim Jubilee this mirning

- Earnings up
- Copper > 2000 tonnes
- Chrome doing well
- PGM - 12% rhodium (!) - Capacity up
- Favourable FX
- Project Elephant - value accretive from August 2021

Magnificent!!

I've read news articles in the FT, on II, in Moneyweek, and I think erm other places about the opportunity for tin.

I think the "Tin PR" is driving interest. That and if one looks at the tin price today: $36,475. Futures: 3 month - $34,678 and 15 month $31,668. Even at the lower $31k that's serious amounts of profit for ATM. See my recent posting where I posited an average price of $33k this year would mean this share is already at a PE of 9 and next year's higher run rate it moves to something daft like PE of 3.5.

Then you twig that Tantalum is $400,000 a tonne and Lithium is $80,000 a tonne and that there's lots of Lithium and relatively lots of Tantalum. Then you think - wow. The "by products" are potentially worth more than the tin.

Tinnies all round. GLA.

Are you worried about news about China depressing the prices of key metals?

• According to Reuters analysts estimate China holds: • 1.5-2mt of copper. • 0.8-0.9mt aluminium • 0.25-0.4mt zinc • 7,000t cobalt • 0t of tin or lead

Yep. Afritinnies can stop worrying about China .... :)

@Weather - if you watch some of the past presentations/interviews with Clifford Gross he is specifically asked has he thought about using Primary Bid. He replied no.

I agree 100% with you. I would encourage and invite you and anyone else who agrees with this idea that you contact Tek Capital's Investor Enquiries person who is Tim@flagstaffcomms.com

Or you can ring him on:
https://www.tekcapital.com/investors/#section-ecc78d7-9

Hi fellow Teksters

LUCYD:

> Current valuation of Lucyd is $2.7m (Nov 2020)
> $100k of $500k Crowd Fund raised so far based on $20m valuation
> 3 patents including a USP to "swap out" components to change look of glasses
> $92bn addressable market by 2026
Source: https://www.startengine.com/lucyd

If $20m is a fair valuation, that's a £12.3m un-realised fair value gain in this month's interim results. (20-2.7/1.4)

BELL:
Tek holds 17.1m shares in the company that are worth £11.1m (BELL is 65p 5th August 21) having exercised warrants and options on 6.63m shares at an average price of 19.5p ahead of the IPO to add to 10.5m shares it held, which were carried in the 2020 accounts at $2.1m (£1.5m), or 14p each.

So that's a £9.6m un-realised fair value gain in this month's interim results.

So for those 2 businesses alone that's a 17p uplift (23m/130m) per share just for fair value uplifts (pre revenue)....... ignoring Salarius and Guident. I've topped up at 23p today.

More than happy to multipack in the shares being sold off by Walker Crips :)

Walker Crips need to stay invested for all the salarius salt they'll use :)

It's like AIRBNB for cars..... Part of Tesla's strategy is to sell things which generate an income. (They can sell them at higher prices)

It's quite inspired - and yes would be a positive for Guident although I can't help thinking that the firms (Amazon and Tesla etc) would not just manage their own vehicle fleet than to subcontract. I guess it depends on whether the "low latency" Guident have is patented and unique? Anyone looked at this from a technical standpoint?

Of the 4 businesses I'm the least enthused by Guident. In fact, their regenerative shock absorbers patent seem the bigger opportunity to me!!!

I hope I'm wrong :)

Bose vs Lucyd
https://www.youtube.com/watch?v=Jw3MHDE-3Ig
1. $250 Bose vs $150 Lucyd - that's a bit "spendy" says the guy :) :) :)
2. Bose better sound quality (better bass)
3. Bose has an App/updates (Lucyd not yet)
4. Bose has single charge point not one for each arm

Who would he recommend? Lucyd

Recent Interview with Dibby Bartlett: https://www.youtube.com/watch?v=yjpX5SLHsLM

I think this is incredibly exciting. This non exec brings a lot of experience and contacts (and presumably respect in the optometry industry).

I think this is a major positive for Lucyd's rapid commercialisation (and IPO) :)

If they strike oil at Resan 3 then funding Loxley will be straightforward. I and other shareholders will be keen to be involved. But if it's a duster I think it's going to be end of UKOG.

I'm hanging on for Resan 3 but it's last chance saloon..... and I think I'm not the only shareholder feeling that?

You have to either be incredibly stupid or have serious cash flow problems to sell this at 5.1p when today's tin price is $35,965 per tonne :)

$6.10 NAV per share - Dec 2020
Plus $0.43 May 2021 Update
Plus $1.03 Aug 2021 Update
Plus anything else.
$7.56 NAV for a share buyable for $11.70