Member Info for BenAlder

No. They are salesmen. Lucky if they have a spreadsheet model. Back of envelope job and best guess. They are hardly ever right.

Yes I see a £1 or at least near to our last low. Shorters still in charge. Wouldn't be surprised if they have been buying recently, ready to dump again, before a mad dash to £2.50. Hang about at that level until the SFO quietly abandons the investigation after summer!

Don't be daft! This is AIM. Logic does not apply.

Thanks for that.

Maybe Fortunes already had loads of calls asking how much and how fast could you deliver say ......

What sort of starting timescale for these projects?

Wondering when they will start to pressure V prices? Have they already put in orders for their V supply? Lead-times?

It all good!

Alfa, I think you are right about the timing of the e-plant. Fortune is a master at plans and deals.

I believe that the plan at the start of the year was to increase Production to 3000t/pa ASAP to sell into the steel market, and then increase capacity by the end of next year to 4000t/pa. The extra 1000t to go to VRFB electrolyte production, primarily for BMN & Eskom. (is this enough?) Then it was another 2/3 years to double that 8000t/pa to supply future VRFBs as the industry grew.

With regard to the recent Orion deal. I think Fortune can see electrolyte demand starting to come thru via the consortium, on top of his current expectations, and there is now a need to get to 4000t/pa production as soon as possible. Hence the need for quick finance, to accelerate the plan. Move it to the left – as they (rarely) say in projects! Action on the ‘e-plant’ may start sooner and faster than we expected.

I live in hope that next year will be a blinder and it will all come together. A surprise Lemur sale too?
GLA

What are their plans for growth, short/med/long term?

We do need to know about Dividends, but sure that will be covered.

Thanks for that. Just not sure if he is a good or bad dictator yet. Which ever, I think he values and needs the money that mining is making for the country, and will now leave it alone.

Colonel - This company is worth a gamble. I concede. lol.

But these damn good looking companies always seem to do the unexpected. e.g. How did this company end up at below 4p a couple of years ago. Why did HUM price fall endlessly as it went into production and has been successful. Gold is $800 higher now and still these companies are undervalued. Sorry ranting now. As for gold. Is it a fair market? Will it be allowed to run off. Geo-politics may cool and improve, removing upward pressure on gold, leaving world debt as the other pressure. America will want inflation, surely, in order to shrink their massive debt. Gold will not do well if higher interest rates return. But my guess Gold will sit around this range until the next crisis. But it is all guess work.

Who knows? Investing in AIM has made me a cynic, or is it just age. I am not normally risk averse but I am squinting at the box from all angles. But by the time my other boat comes in, this train will probably be off!

Just to add balance. I like the way Eric has run the company and the cost savings he has achieved. The fact he has skin in the game is very positive, adds trust. We have very good grade. Growth in production from multiple jurisdictions (well two. I do expect Kenya to be worth developing), at fairly low cost. But I chose my miners much more carefully these days. (ie - I'm skint! Money all tied up in the new green gold, called Vanadium!)

DYOR as they say. We are all privy to the same information out there, so we never really see what is coming.

Stay safe, Ben.

I accept that. They are the ones that will be making the money, its the PI that somehow always gets shafted. Ever seen that share price chart of a successful gold miner. Always goes down as they expand, as they have to raise cash via dilution. Older investors keep losing out.

I'm just being a bit cautious./cynical. Feel our Jam will always be tomorrow scenario. I used to be a believer like you! If they start paying a divi, this could be 40p+? Lets see if Eric gives you your Jam this year as you expect. I'm a doubter!

Wish you all the best anyway.
Ben

I accept that I am not that up on the local politics. I know that Magufuli is popular, maybe because he is a bit of a Robin Hood character, but his previous with regards to Accacia and the sweeping changes he made on the mining sector is always going to be a worry. Maybe he is finished with that sector and it can expect stability for the medium term, but if his policies are in need of money, what will he raid next?

Shanta, I would suspect, is seen in a good light by the govt. 98% local employees.

Is Kenya a stable place to do business in these days?

I too am thinking of jumping back in here. I left the party too early when my avg was 4p. Tanzania is getting riskier as a country, re: politics - potential dictator? I always thought that we would get the VAT back by way of tax deferrals, but I wonder if they may just get written off by the government before we are reimbursed. I always thought Eric was a good honest man, but after the recent U-turn on fund raising, not so sure. Don't think it was a mistake, just sneaky. The potential is here to reach 21p by summer? Just short on funds and not quite decided, but keeping an eye on this. Best of luck!

Well if Rio bought Bluejay now, they could have it for a tenth of that! I suspect that this company would hope for a sale, but in the meantime will continue to spend that money to further explore their licences and slowly develop Dundas. At some point money is required. Exploration and developing a mine is very expensive. BlueJay may be different , but most AIM miners tend to suck the money out of investors for years before a return is seen. They are also restricted by the artic climate, so everything slower. IMO, High risk , a low wager over a long time frame or look for a spike based on buyers reaction to some good news. You may be over valuing the price Rio would be prepared to offer, but I do wish you luck. Ben

I agree. A Warren B. share - buy and hold. Wish I had money to top-up. Just surprised that the seller did not clear after the buyback. Confident of a bounce back and some new deal soon.

Yeah, a find of some gold or mineral in abundance will spike it up there, but the company will need money, so it could be a long grind as they make deals and future dilution. Still an interesting company. Benefits from global warming - a hedge for the long term?

I think we are well placed to handle Brexit, and maintenance programs still need to be carried out on machinery. Good management IMO, should rebound next year ( fingers crossed,+ think there is a buyer in the background collecting shares cheaply) Best of luck to us all.

They will sell off the CGO shares when they can. The whole point of the reverse take over was to monetise an asset. However they need that to fund their wages for as long as it lasts. I bought into this because of Nimba, thinking a fire sale of £20M but I saw somewhere last year, that they are trying to flog that for £2.5M or dollars? This share taught me a lot about 'investing' in AIM, but a costly education. But if they did sell both these assets and returned the money to shareholders, I reckon £4M by 1.1 billion shares is 0.35p , not too far below my average and much better than the 100% loss I expect. Can only hope in miracles now though. I cannot believe the contempt that Directors have shown to shareholders. Don't they have to have an annual company meeting?

What is the catalyst you believe will result in increased buying to achieve that?