Member Info for AIMtodeath

Problem with trading now is its 'blue sky' soon I'm not sure pre 2014 is relevant anymore in terms of prices higher than today, the 2014 5p and last year's 5p make for a good technical argument, but over 10p.....it will have to have created a channel of some kind to create inflection points or go on over zealous indicators (which we are likely to see when this gets moving properly) and if company and macro news flow is arriving regularly, pull backs could be short lived and dangerous game if one takes to much off the table. My holding has to stay in to reap the full potential. Certainly make for some squeaky butt times... Haha. Also news risk is less than before, no problems with licences, permits delayed or poor drill results, it's like entering a funnel less to trip up on tighter it gets.
I was scared of big dilution and wanted to see some of Vermelho tapped for capital early to strengthen today's position but after just the 5 banks coughing up $325m I'm much more confident in the lower dilution needed now that we retain 100% of Vermelho. News there yet could come to help reduce dilution further by being value adding..... The longer time goes by, the more the battery space and EV news flows in our favour the more valuable pieces of Vermelho become. Not cashing in early to get Araguaia off the ground means more for us later. Essentially we don't need a partner once we have Araguaia but we and others will want Vermelho producing before we can support it organically alone as it needs to hit the ground running by 2023-25 latest for max effect. Organically we might see 2030 and others might be into market by then. We also earlier are in a smaller group for financiars to chase to get a slice of the EV metals pie. Not giving some away early also means less issues if a buyer comes looking.... 100% a lot easier to negotiate.
If the macro winds stay in our favour until year end the financing will be better than we could have hoped for by a long shot I feel.
Brazilian banks on back of Government policy will be dying to promote GDP/job enhancing projects in current climate, EV revolution is starting to gather pace, added to Chinese stimulus Nickel price could hold up very well indeed, Glencore and others wanting a slice of trading that metal.... All could bring about a equity raise lower than we could have dreamt of by eating into that $115m left to go. As things stand I don't expect to be raising more than £50m/$65m and if that's done between 7-10p all the better. 2b shares total would be acceptable for long term gains.

Silk you can still trade away from a stocks and shares ISA. No restrictions in how much you can trade.
You can bed and Isa for very little spread loss.

I'm glad someone knows what he meant....haha

Half our resource 10% better grade. Are they private, no news or share info on their site. They have not done feasibilty yet either, say thay have experience in Heap Leaching, different to HPAL?

quote from site - BRN will also seek to acquire a portfolio of nickel laterite resources within Brazil and to advance these projects. Need big pockets for Vermelho boys.....

Sorry listened again it is the royalty on their Brazilian development is funded by US Gov..... but royalty does not mean offtake, or if they fund the royalty they get access to the product

Good spot but details slightly different to me, he says funding Anglo's 'royalty' in 'a' Brazilian Nickel project. Hilarious if it was HZM and their royalty had not been disclosed yet.....Bit too far away to production for Vermelho to be getting royalties on that project. Good that the US strategically as a Gov is prepared to be so active and consider Brazil. Maybe Benchmark Minerals Gov Meetings hitting home!

Dude you don't have to be there to buy the rounds for the evening...haha but then again DJ will have some musty old ale in the barrels going off he'll need used up haha

I won't be close to retiring at 50 (same length of time as you) but I might just be able to put my own roof over my head again!

I hope no offence taken, we all have different ways to increase our cash, I have very rarely seen a profit in a share to know what its like to trade it....haha A big return here will be life changing (i've been rock bottom, I didn't like it) if I keep my shares, to lose some and miss the impending boat will make a big difference come full valuation. Sometimes these things don't happen and I don't get the payday, but trading out could have returned something and been better than nowt.

Westie no one is saying don't trade.... one just has to consider if right now for example is the right time to do it. You clearly do trade this heavily and there are times when technicals have no competition from fundamentals to keep the pressure on and it makes sense if you can afford to be out or take some off the table, but I do think there are strong fundamentals here now that suggest low 4s will be a big ask if the macro conditions keep going and news flow is staged well. I can't afford to be out to try picking up a grand here or there in a pullback vs what I would get if say buyers came knocking the next day etc. If it was not for Numis selling off JPM shares we would have blown the doors off 5p long ago.
In saying that Wassa we ain't blown through 5p yet. Monday give plenty of holders the first 5 mins in the morning to sell the **** out of it (some keep going down at 4.7p which does not make sense!) A lot of stale holders from last year on Orion deal that would rather leave at breakeven than see the new fundamental position and keep holding and finally realise the gains they invested for (investing is longer than many can imagine for true value) plus the technical traders (looking at a 5yr resistence point) plus the lucky fecks with cash at 1.7-2p taking a nice return off the table....
If we can tip above 5p then those technical traders can also be buyers as they wait for a breakout before buying then boosts you away from the resistence.....without Numis providing too much of a barrier.

Those surplus reports and drop to $12k area looking for old very quickly! Nickel on steroids at the moment. 4th quarter is Philippines rainy season reducing output end of year strength in price likely. There will be stockpiling in China now and reserves to sell from Philippines to take edge off reduced supply, but bullish all the same.

Someone say 'gap'? Not sure that one will be filled unless another black Swan event happens this year.

Oh looks like LSE have certain news names in the censor book Gary...haha

Bigger players on twitter pushing it, ************* artice for their supporters to ponder over the weekend, a breakout trade scenario now on the cards.....What bringeth next week????
Oh and Gary bought some ;)

They big guys on twitter sure do like impaling others on a spike, but even they hold on to some quality shares for real value.

seller trying reallllllllllly hard to deny the money shot finish....

Had to take the 5p.....like bees to nectar

They do have a 14% share in a Nickel district however.....

James, Precondition of actually executing the loans and offtake, but those will be in place first, it will be used to inflate the SP to a more ameniable SP to dilute from.....and you will know the equity requirement. We have a strong B/S currently.
The Capex is $70m contingencies so plenty of wiggle room when added to the costs in country dropping vcia exchange rate, so should imagine not needing much more than the capex requirement. I suspect raising some more capital expenditure for the likes of Vermehlo a year down the line will be easy and very undilutive at that stage.

The Brazilian banks and offtakes will be in place before equity is raised, no point raising something you don't need. If equity is over $50m I'd be surprised.

A company would be laughed at offering less than 10p, the ability to raise adequate funds means that we are not desperate/unable to move forward and then if 10p was even considered think a few other companies would be like, I'll give you 12p etc. No big major with a desire to increase or start their nickel portfolio is not going to watch another snap up this project for such a low ball offer.... Can imagine Glencore board spitting out their coffee when their told how much was offered....

the chance to flip the sells by staying away. Just when you thought the sells will dry up another pops up and the volume goe son the ask to clear....yawn