Member Info for andmillsy

Noel looks like it's still wait and see but evidence of life...
https://lse.swingtradebot.com/equities/ECK:LSE

I'm considering to take a few more at this level. I'm currently on a low average so it's always a tough call but I've been impressed with execution by the company and there are several favourable factors at play as highlighted in the report.
This guy's analysis is generally very thorough and he has picked a few good value certain opportunities.

Word is getting out there. Noel has 11k followers on Twitter
"its my favorite swing set up... Weekly Trend Up, Daily Trend Down, stochastic coming out of oversold"
https://twitter.com/Borg74/status/1458121623937200131?s=20

Pls don't ask me for explanation of the TA terms !

https://twitter.com/ValueSituations/status/1458105981427228677?s=20

Jam
Here is the info on Fidelity but the deadline is still 23.59 tonight. I have declined to accept the kind and generous offer ;)

UPDATED 27/10/2021 - Bacanora Lithium plc has announced that as of 05:00PM on 22 October 2021, the Mexican Antitrust Clearance Condition has not been satisfied or wavered. Ganfeng and Bacanora have requested to the panel that the timetable for the offer be suspended until the condition is satisfied or wavered. It is anticipated that the timetable for the offer will resume on the dates the condition is satisfied or wavered with the offer still open for acceptance to Bacanora shareholders. This notification will be updated once further information on the offer is announced. You will be able to find more information about the suspension in the announcement.

Gixxer - url scrubbed by LSE try this one
https://audioboom.com/posts/7976437-traders-cafe-with-zak-mir-colin-bird-executive-chairman-xtract-resources

if scrubbed the asterix will need to replace with audioboom dot com

Giving it a push on Twitter
https://twitter.com/andmillsy/status/1458055558720802816?s=20
"BRDD-21-025 may indicate the potential for a cluster of mineralised porphyry intrusions at Racecourse, as found at Newcrest's giant Cadia-Ridgeway mine elsewhere on the Lachlan Fold Belt."

I agree the RNS should be clearer. The statement
" help support the forecast growth in the next financial year and beyond" left me wondering where is the rest of the growth coming from.
Appropriate follow on statement likely would have addressed my concern.
I hold and am hoping for good news here.

This one?
https://youtu.be/QmlzLK-hfRU

Iceberg
I appreciate the info you shared if not necessarily the number it resulted in. But I think it's viral to understand they various opinions and interpretations which allow risk and positions to be scaled accordingly.
Btw I had a beer with your name on it from Titanic brewery at the weekend. If you're passing Sainsbury s it's worth a try. Tasting notes - full rich (ore) body

Xeiger "Colin and the team are well incentivised (spelling?) thanks to the AGM, we know they will try and get best value from bushranger which in turn is to the benefit of us shareholders."
Agree and we should also remember the 10p share options given to xtr team. Big motivation.

Similar train of thought Lucky and Joe
Having sold Bushranger for 1.25m. I expect
offering many, many, many multiples for the same asset may be a tough pill for AA to swallow even if XTR have been squeezed. I suspect the ultimate endgame will be with another major or company with significant local presence and synergy and less historical baggage to deal with.

Georgey small Uncrossed Trade at 5.2 set the close and was"high" as at 16.22 quote was 4.98 for me to buy 100k.
After close though a buy appeared at 5.2 for 161k volume

I am going to quote directly from 12.30 secs
"... one thing I am sure of is that 2mt of copper is going to come from this conceptual open pit I feel better and better and better as the days move on.... put it in summary its couldn't be better concentrating on that conceptual open pit, it is getting bigger, the assays are coming in, consistency, thicker areas, we are not pushing the envelope out in a bit of a taper or a carrot we are pushing the envelope out into really thick sections of ore"

This is a must listen from 7m50 secs.Pushing envelope in all directions. Very positive. 2Mt copper reinforced. Good discussion on valuation. Spend 10 mins to listen to it.

Rio took 8% of Western Copper and Gold since the article, I shared below, was written. This was for C$25.6 and equates to a company value of £192M.
They have a single porphyry asset (4.4MT) some details from the report are extracted below and details of the deal are in the link:

https://www.westerncoppercorp.com/news-and-resources/news-release/western-copper-and-gold-announces-c25-6-million-strategic-investment-by-rio-tinto/

Details of NPV calc:
https://www.westerncoppercorp.com/news-and-resources/news-release/western-copper-and-gold-announces-positive-pea-on-casino/

Updated resource estimate
https://www.westerncoppercorp.com/news-and-resources/news-release/western-copper-and-gold-announces-significant-resource-increase-at-casino/

Extract from M&A document

Western Copper and Gold (WRN CN: C$1.00 | US$82m) is a Canadian company focused on developing the wholly owned Casino porphyry copper-gold-molybdenum deposit located in Yukon, Canada. The project contains 4.4Mt of copper. As at
September 2019 the company had net cash and investments of C$2.5m. The geology of the Casino deposit is typical of many porphyry copper deposits. The open-pit mine is expected to produce an average of 75kt/y of copper and 260koz/y of
gold at a total cost of minus US¢12/lb over the 22-year mine life with initial capex of US$2.5bn. The high gold production gives the negative copper total cost. At a copper price of US$3.00/lb the project returned an NPV8 of US$1.9bn and an IRR of 22%. The feasibility study was updated in January 2013 and an Environment AssessmentApplication submitted in 2014. The Casino project needs to undergo environmental assessment review by the Yukon Environmental and Socio-economic Assessment Board (YESAB) and permitting and licensing by the Yukon Government and Yukon Water Board. Western Copper completed a 13,500m (C$3.3m) drill programme in 2019. The goal of the drilling campaign has been to convert inferred mineralisation to Copper Projects Review 2020 January 2020 indicated mineralisation and an updated feasibility study. The updated resource estimate has not yet been released. While the size of project may not attract a Tier 1 copper producer, it is attractive due to its high gold production and may be of interest to a Tier 2 copper producer, or even a gold producer. Therefore, with its good returns we believe there is a High possibility of a third party either looking to acquire the project
outright or taking a significant interest in the medium term.

I have posted this before but it might be helpful for those who haven't seen it before. Its 38 pages, you might want to grab a cup of tea, it is worth a quick scan at least as it contains a lot of insights about the M&A situation for copper assets.
http://www.rfcambrian.com/publications/system/files/equity_publications/Copper%20Projects%20Review%20-%20Jan20.pdf
Please note it covers both operating mines as well as deposits.

ButlerMan take a look at the link below
https://www.rns-pdf.londonstockexchange.com/rns/6492Q_1-2021-10-28.pdf
this accompanied the 29 Oct RNS and indicates hole 25 was in progress on 28 Oct based on date of the pdf and can only assume it is still going.

MPI
This might help - my working notes to keep track and best reviewed in conjunction with the drill plan
https://www.rns-pdf.londonstockexchange.com/rns/0510R_1-2021-11-2.pdf
https://twitter.com/andmillsy/status/1456209495349211138/photo/1

3cb Well I heard enough of your nonsense which after 18 or so months here makes you my 3rd filter recipient.
Given some of the boards I'm on you've really done well to earn this.
Pleb...