Member Info for baldmark

Today's rise may well be due to a blog post by Charles Archer rather than any news.

https://thatstocksguy.substack.com/p/forgent

With a market cap this small, it wouldn't take many of his followers to move the price.

Not at all happy with this since I did hold far more Zenith shares than Ajax. Andrea Cattaneo seems to have given his son, Ippolito Ingo Cattaneo, an exceptionally good deal, taking the £350K that Zenith has already spent on the licenses in shares at the IPO price and letting Ajax buy 1/4 of the new company for 200K the same as Zenith. Smells extremely fishy. Bad for Zenith but probably good for Ajax.

Can't see the current shenanigans in the Middle East being great for Dubai property prices or U.A.E. investments generally. This is likely to cost JM a lot of money. The question is will this impact his ability to fund Agrinomics or his other ventures or even leave him needing to raise cash?

From what I can see from https://taostats.io/subnets (sort by tags), our subnets are no 2 and 3 for the chop. However pruning only occurs once there are 128 subnets and a request is made to register another. There are currently 125 subnets so it would require another 4 new subnets before we get pruned. i.e. not great but no immediately fatal.

My bittensor knowledge is very limited however, so please can someone who knows more correct me if I am wrong.

Also, as part of figuring out if the situation is bad (in the price) or fatal, does anyone know the current value of any Tao that Tiger holds in addition to the subnets?

According to Google AI: According to analysts and the company, high levels of uranium and thorium at Sovereign Metals' Kasiya project increase processing and transport complexity and cost. However, the exceptional value of the heavy rare earth elements is expected to ensure the project remains economic.

This may or may not be true and there may well be other reasons why this particular source is nonviable. (I originally invested in Sovereign for the Graphite and Tungsten; the REE are a nice bonus.) However the point is there is a lot more focus on potential rare earth opportunities, not just from Sovereign; some of them will be viable and potentially game changing. I'm still invested in Cobra, but had let it become my largest holding. The Sovereign RNS reminded me that probably wasn't prudent.

From a discussion of this RNS on the COBR board, someone has mentioned that the Uranium and Thorium concentrations, at 0.7% and 2.2% are somewhat high and may make be expensive/uneconomic to remove. Is anyone, with more knowledge than me, able to shed more light on this?

The following RNS from Sovereign Metals, A Malawian Graphite and Tungsten Developer, reminded me that renewed interest in rare earths is likely to increase the number of competing projects: https://www.lse.co.uk/rns/SVML/strategic-heavy-rare-earths-recovered-at-kasiya-xjo9x2rwvllgiz7.html

OK, we've also, hopefully, got copper/gold (also a crowded market), but this certainly reminded me of the importance of position sizing.

It may depend on how many you want. I had no problem buying 5M shares online with AJ Bell today.

It will probably go down on the DFS! Buy the rumor, sell the news pattern seems to be playing out here.

While the fire sale price Macquarie achieved for their stake in Arqiva is disapointing, the reaction looks excessive, given that the market didn't believe the NAV valuation for the VLN anyway.

If we assume a bear case and apply the same valuation to DGI9's 51.8% share of Arquiva, this gives £32.2m. Add in the other £70m of easier to price assets, which, I understand, does not include any possible future payment from Verne and you get £102m or 11.7p per share. A long way off what we initially hoped for but certainly no reason to panic at the current price. I'm still, possibly foolishly, expecting more, albeit in 2028.

@Investor01, I thought the BIT claim licenses where held by "Rome Mozambique Holdings Limited", a separate company whose B shares were issued to legacy PFP holders. Any money realised from these will have no impact on Rome Resources.

@Investor01, I thought the BIT claim licenses where held by "Rome Mozambique Holdings Limited", a separate company whose B shares were issued to legacy PFP holders. Any money realised from these will have no impact on Rome Resources.

Encouraging that a wealth manager has taken position. They’re definitely better able to analyse the company than I am; this gives me more faith that the company isn’t going to go bust and that my patience will eventually be rewarded.

Tedwyn60s, I got the impression from the interview that they will have more than enough material for all of them. Still time will tell. APs deposits aren't going away and are still valuable. I just doubt how much use Bezant will be in processing them. The share price may well still spike when Bezant starts production, even with one plant, anyway.

According to the latest Sunday Roast interview https://www.youtube.com/watch?v=qcP_qUK53ZU&t=527s the main constraint for Bezant is going to be the plant throughput and they are going to have material backing up at the mine. Doesn't look optimistic for them wanting more material from African Pioneer :(

I guess I'm finally going to have to mark this down to zero. Expensive lesson learned: If I have warning something is going to be suspended, take the hit and sell!

The depressing thing is it look like this was just incompetence/naivety rather than fraud by the former management.

Https://www.youtube.com/watch?v=k2f_i1xvrIM around 1:48

Essentially saying now debt free and financially secure so more upside than down for now.

Https://x.com/ianjaeger29/status/1963981133013545403?s=43

Texas has imposed a 2 year ban on lab grown meat in response to concerns about competition from ranchers. In practice it's political theatre that this will have negligible effect; 1 can't see it anywhere near large scale commercial production in two years. However it's encouraging if commercial producers, who know far more that I do, are worried about griddle parity! It will certainly help to raise interest.

Obviously paying a dividend would be daft until La India is in full production. The USP is that current revenue is funding the construction. If we have any left over it's always good to have a bit in reserve because stuff happens. e.g. the recent contamination issue. You never want to be looking for emergency funding because you paid out your contingency.

My feeling is that we will have another project lined up by then. I don't think the current plan is to remain a junior forever. However, as you point out, Drachs may want a quicker return on their investment. We'll have to see in a couple of year's time.

From the Sunday Roast interviews, there was some discussion of buybacks using capital realised from the SA sales in excess of what is required to fully fund the Zambia projects.