Member Info for Andii

shareprice is in the 4's because fully diluted with the extra shares still pending to benissued to auo, the market cap is around £14m and we haven't made any meaningful revenue yet.

the jv for a lithium sulphate plant is at this stage just an agreement to sign a jv so more of a mou than anything conclusive. so many things could be going on there, we just don't know. (does jason want to be producing feldspar and revenue first to improve his negotiating hand before signing a jv?)

tomra already 6 months late being serviced after a 6 month depay in initial delivery - but they found beryllium and are wanting to sort out feldspar/tantalum and tungsten which is a different specification to the original spodumene only brief.

regarding blesberg missed may deliveries, it was not only jason who decided to stall with first deliveries, there are other stakeholders too who make these decisions, fujax and *****on plus the price of spodumene and price of containers/logistics which sky rocketed around that time so it's unfair to blame the ceo alone and call him incompetent for that. incompetent would have been ploughing ahead employing staff with only rados running at high opex with an outside chance of lithium spot prices falling further. doing that may have paralysed marula taking cash away from kilifi/kinusi/larisoro. as jason said on here in a post 24th january,

"the last time we did a general placement was in november 2022 and in february 2023 with qgc - so no heavily diluted share placements since to raise funding for our development activities."

no debts and no cash raises. shares have been issued to management for incentive purposes yes, but what good company doesn't do that? jason only took 500k shares (less than £25k, around 25% of his salary) and much less than what he has already bought on market over the last 6 months)

what is your revenue per month prediction for the summer hoof?

So based on your buying logic, would you agree that 4.5p is a good entry price/top up price?

I only ask Hoofharted as I remember your post on the 14th February when the share price was 5.5p

You ended a post with-

"On a plus note I did buy more shares this morning before Jason tried to trick the MMs."

At least two of the mines will be producing annualised revenue of £10m more by summer. So somewhere between say May and September, those projects will have ramped up sufficiently so that by the same date a year later they will have earned £10m or more. Ofcourse if they continue to ramp up, that revenue could be more than. £10m each by for example, double shifts (kilifi), additional offtake customers (kinusi).

Do you understand what I mean? I'm not suggesting £10m by summer, more, on target to earn £10m at two or more projects by summer.

Hoof, your obvious mistrust for Jaspn aside, do you expect at least one project to start earning such revenue by summer? What are your predictions for state of play by say August revenue wise?

Tens of £millions of annual revenue from each project Hoof. Sometime between now and summer.

Not one of the projects is yet 3 years old. Less than £5-7m spent in total. About to start making tens of millions of £ from 3 possibly 4 projects. It won't take much to make the market really take notice of those numbers. Interestingly when examining the large share holders, the big holders have been accumulating, it is the private investors who have been selling

Please Jason don't bring any mines into production until the end of the month once I have topped up a bit more. Cheers and good luck

This lier of a CEO could possibly pull off one of the most amazing achievements of any modern day London listed junior miner. Will we be crying over the drop in share price over the space of a year in a years time? My money says definitely not.

Will you still be here Hoof or are you looking for an exit ASAP?

Warrants outstanding end of september 26.9m

1st Feb 17.8m

1st March 15m

There were 13.6m 25p warrants before, we are likely looking at under 2m of them left. They expire 21st March.

Talk is the majority of the 25p warrants are held by one person who hasn't been selling any shares so there maybe isn't the forward selling overhang pressure some think.

I sometimes like to go back and read Jason's post 24th Jan:

"I guess getting deals actually done in the various African countries doesn't count for much in your mind - perhaps we have made it look easy by doing the various deals in relatively short time frames.

Likewise the last time we did a general placement was in November 2022 and in February 2023 with QGC - so no heavily diluted share placements since to raise funding for our development activities.

Projects advanced to production - Blesberg, Kinusi, Larisoro, Kilifi - high-grade and high value projects - BUT NO - securing projects like this for shareholders is not considered by you to be 'a success'

Getting our projects permitted in multiple jurisdictions with mining permits, mining rights and mining licenses - things which I'm sure you've seen can take mining companies considerable time to do.

To get revenue, you need people, you need projects and you need the funding to get it there - and you need an awful to of luck along the way. And yes I believe were have all those key ingredients to deliver exactly what you and I and every other shareholder wants - returns from cashflow and dividends and from a strong appreciating share price.

And yes sometimes it takes longer and yes sometimes its hard not to be optimistic - like nearly every mining CEO I know - and yes sometimes you get let down massively by some and yes sometimes you get some amazing turns of fortune liek Kinusi and Kilifi

And please no need to call others 'cowards' kind of putting yourself up there as someone better than the rest - we are all equal and all of us have our different ways of dealing with things and communicating - we are no in the school playground now

Respect others and their views and opinions and what they all bring.

Thanks and again enjoy your Friday and the weekend"

Didn't you say you bought some shares the other week Hoof?

So Larisoro is capable of making sales (albeit only a test sale has been made - but proves it is possible)

I should imagine it will start to do some regular shipments soon due to the high price of manganese.

Kalifi has needed some work done to handle a higher grade product. The contractors have been assigned (as notified in RNS recently) and we still await an offtake agreement. $250-400k free cash flow per month was possible before the upgrades, before working doubles shifts and back in September when the price of manganese was $3/DMTU and not $5.5DMTU. Well in this instance I say, wow - kick the can down the road some more if you need, because at these prices and with higher grade higher volume manganese, the returns could be just incredible.

Regarding Kalifi, the assays were due maybe late november but arrived mid january. That's mining for you. The $1m first shipments delayed due to assays, then before you know it we are in March.

Projects can have a 5 year timeline on the gantt chart and end up taking 15 years to get started. Very very common. Marula PLC are only coming up for their 3rd birthday. Kinusi first announced October 2022 so is 29 months old old. Blesberg November 2022 so is 28 months. The two manganese projects are both under one year old. We have also been at the mercy of AUO to a degree as the original milestones had to be adjusted due to projects being developed in different orders to the original plan.

Define producing. Larisoro has sold in september (even if only a truck load). Price of Manganese when Larisoro was bought first march 2024 - $3.7 dry metric tone unit. Price october $3DMTU. Price today $5.5DMTU. Assuming AISC costs around $100 a ton, selling at 37% grade which they intend to do,

profit on 1000T @ $3/DMTU = $11/t or $11k

@ $3.7/DMTU = $36/t or $36k

@ $5.5/DMTU = $103/t or $103k

Was it worthwhile stalling those two Manganese projects until now when the price actually generates a decent profit?

Discuss

Two would be a good result

Arok VC doing well, up 29% https://www.coingecko.com/en/coins/arok-vc

Still hugely down over the past month.

Here is a link to the assets under management held by the Arok_VC investment bot

https://arok.vc/en/assets

They model a working life of 5 years in the financial models in the research reports but this could be 10 years or more after replacing the battery. The leakbot is installed in a cupboard somewhere inside a home so it's not really going to be knocked or rained on

A leakbot pays for itself in year one so if it only lasts two years it still has a significant FCF element to ondo from the Subscription. If one fails, I'm not sure if it is guaranteed by Ondo or replaced free of charge by the insurer.

Innregards to warrants, around 10m have already been exercised since september and there are about 17m remaining. The share price has managed to climb from 15p to 42p back to 34p today in this same September to February timescale.

One day there will be an RNS released which makes the share price jump. In such a situation, individuals forward selling shares to exercise warrants will be healthy for the shareprice as it will provide liquidity for new buyers

@ 16p market cap was about £22m and 160m shares

At 4p market cap about £12m based on 300m shares

Hoping for plenty cash to settle previous agreements this year to keep the share count down

The 100M Arok coins awarded to Bixby/Tiger had a value of $850k when they were awarded in january.

The Arok.VC price has crashed since. The company has (or had) £3m cash. Wouod they consider buying another 100M for $100k today and double their holding to 20% of Arok token

https://x.com/AndrewMathieso3/status/1895044392680894838?t=BFI-tzLAhmcaqSNGlYx-ag&s=19

The Arok Ai bot has more than it's market cap in equity and has made over 100% return from trading meme coins in the past 6 months

Surely they will have plenty of FCG from just America soon to support a cookie cutter roll out into new Geogrophies?

You just know if Craig the CEO was on the show and Charles asked him that question he would have laughed it off and dismissed the issue totally with some educated answer about the progress made to date on a limited budget.

Https://embeds.audioboom.com/posts/8657671-sunday-roast-featuring-charles-archer-long-term-ftse-aim-investor-and-freelance-financial-analys/embed?link_color=55ACEE&source=twitter_card&utm_content=card&utm_medium=social&utm_source=twitter&v=202301

Ondo discussed by Charles archer at 37minutes

Does indeed talk about question mark over funding for global roll out. But I'm questioning this, as they have already funded the beginning of the roll out in Sweeden, Denmark, UK and USA with limited funding available, and the growth in all these geographies (especially the USA) is about to start bringing in FCFbfor the first time based on 150k leakbots. They have the teams in place to grow all of these existing markets into the millions of customers at which time they could be a billion £ market cap company. Surely they will have plenty of F

Volmer, when did Charles Archer make these comments? The last coverage I can find is from 2023 on his website https://investingstrategy.co.uk/

Can you point to anything recent from him regarding Ondo, or is this from some premium article / subscription not available to the general public?

Thanks