The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Tacet il be more than happy to provide you with the correlation coefficient when we are producing , sound good?
Heres the link to the news report
https://twitter.com/bitcoinnewscom/status/1676931210302435329?s=46&t=Zg0N8HXs0Zm_GHaWBGIfkA
HUGE
It’s Official
RT (Russia sponsored TV) says the new BRICS-currency will be gold backed
https://twitter.com/wmiddelkoop/status/1677302258709544962?s=46&t=Zg0N8HXs0Zm_GHaWBGIfkA
Yes timing the cycles are very important just take a look at the charts of Aim explorers every 3 to 4 years it seem were ready for another run.
Huge vote of confidence from richard
Think again smiller perhaps it was windfield who wasn’t happy in having their long term holding bieng dilluted by “greedy” directors🤔
We know Bill struggled last year in settling an agreement with windield for the 90%
Which is why Rod was brought in and has done a good job in getting things done.
•Bunker allocation
•90% hammersley
• AA deal
•mallina acquisition with better terms
•Single handedly bought out Artemis shares which was eroding the share price at the time
•Brought Troy whittaker onboard?
I reckon directors will be appointed that serve the interest of all parties involved including windfield and us PI’s
Lets see what happens next month…..
Smiller you raised a really good point there indeed, when a loss making junior explorer transitions to a junior miner it is to be expected, as everyone wants a big of a slice as they can get .
The way I see it is that there was obviously a massive fallout between Rod and major shareholders over their incentive awards which were very generous.
It is in the interest of major holders to get this to production and extract value from them that is the endgame.
Rod keeps his options which is positive in a sense that they will be awarded after achieving crucial milestones.
Also one thing that stood out to me was that they are confident in their ability to raise capital which means they are confident the 5 million needed will be easily obtained.
Bob not decieving anyone I was only observing the 2 million buy on open which weve not seen much of recently as opposed to the odd fiver bieng bought lol
Some chunkey buys going through today
im sure some on here can go into alot more detail regarding the geology of eh and munni munni,as max said there currently is no rush to commence production at eh as cutrently its worth more in the ground over time as eventually it will be extracted at higher prices.
the priority is to get han**** producing and make some cold hard cash to switch eh back online and fund other ventures to create a portfolio with multiple income streams.
I think the probability of success is in our favour when taking into account the economics of EH ,we know they were producing and some of the biggest nuggets in australia were found there. Operations simply stopped as price of silver was lower than the cost of production.
I posted this a few weeks ago which thoroughly explains the story behind Munni Munni.
Did a little digging the other day on Munni Munni and wondered what happend to its ownership and why was it not pushed forward to ptoduction?
Well it comes down to the low price of platinum and palladium at the time which is the same reason why Arian ceased its operation at EH which was uneconomic at the time.
So Lonmin a South African company operating in the Bushveld complex which hosts more than 70% of global PGM resources,Lonmin was acquired buy Sibanye-Stillwater for $286m in 2019 making them a LARGER source of platinum than ANGLO AMERICAN🤔😉
2003.
Lonmin's withdrawal coincides with the completion of $8.5 million of exploration and development expenditure conducted at Munni Munni over the last two years. Under the terms of the Agreement between Lonmin and Helix, Lonmin were required to finance all activities at Munni Munni up to completion of a full Feasibility Study. To date, the activities have identified a resource of 24 million tonnes at 2.9g/t Pt, Pd, Rh and Au containing a total of 2.1 million ounces of precious metals. Opportunity also exists to identify further the potential for a new PGM resource. The Munni Munni Project has a large component of Palladium with lesser amounts of Platinum and with its defined grade of 2.9g/t is reliant on a strong Palladium price. When the Joint Venture commenced in May 2001 the Palladium price was US$600.00 per ounce compared with US$250.00 an ounce in January 2003.
So Lonmin took interest when palladium was $600 per ounce and pulled out at $250 per ounce.
In March 2022 paladium price reached a peak of over $3400 per ounce and is currently sitting comfortably at $1570 per ounce.
Is it safe to say that Anglo American is interested in Munni Munni 💰💰? I would say so with a mining licence in place there is no suprise Rod seemed so excited about 💰💰and decided to splash half a Million pounds in such short time.
Its all very exciting watching it all unfold …just hope we play our cards right.
Link for the Lonmin RNS
https://www.asx.com.au/asxpdf/20030304/pdf/00347954.pdf
It sure does max !
I’ve been watching the trades for the last couple of weeks constantly selling of half mil upwards and price barely drops and then someone buys a fiver and we finish flat!
Today someone buys 20k and were 4.47% up 🤔
Background buyer out there?
Https://twitter.com/paola_rojas/status/1667294249489149954?s=46&t=Zg0N8HXs0Zm_GHaWBGIfkA
Yes bob nothing to talk about but it seems you always have something to say 🤫
Dalian and Singapore iron ore futures climbed to their highest in six weeks on Monday, with traders betting on a recovery in demand as top steel producer China was reportedly working on new measures to support its property market.
Https://www.karlka.com.au/employment-corporate-services-manager/
Ore reserve: 1.9mt @ 60.2% fe resource: 9.1mt @ 60.3% fe
capex: targeted at ~us$20m1(~us$30m in scoping study)2 fob: ~us$60/t
key next steps:
• signing of offtake/pre-funding agreements
• heritage clearance
• mining licence
They won't be able to though not with the number of shares he owns, guess he could see this coming when the RTO failed and was determined to buy more.
Https://www.lse.co.uk/rns/TMOR/directorpdmr-shareholding-mop3trwad2a1khh.html