Member Info for bluegrass

Been reading a lot about rare earths in the press recently esp in relation to the embargo’s that china is introducing. Rare earths are often found alongside tungsten and other metals. Is there any data on this regarding Redmoor. This would add value.

The viability of Hemerdon and the problems that Tungsten West have face is what I wanted to address in relation to SML. I want to know what is different about Redmoor. Maybe it's as simple as that fact that the grades are a lot higher which will make the mine more economic?

Another question. Is Redmoor more economically viable than Hemerdon and why?

I am interested to know what is reason for RAB selling down on their holding and what the company are doing to attract institutional shareholders. The share price is always going to be volatile if it is predominantly held by retail investors.

I don't think the market reaction is unhealthy. Would much prefer a steady rise rather than pump and dump. Much better that the price consolidates as it rises. More news to come. This will rise steadily.

I am quite new to this share Only bought in on Monday. I was thinking that a lot of the recent sales may be some long term holders de-risking. If they have been in the red for a long time it would be the sensible thing to do. SP now seems be consolidating at this level and will move up on more news which is expected shortly.

Thanks for the explanation. Thought it might be some clever ploy to manipulate the price.

What are the very small trades? They show as ordinary, not automated.

Nudging up into the blue again.

Seamed to have formed quite a solid base here today with a tick up towards the end. Hopefully a good start tomorrow with more news in the pipeline.

Yawn. Board looks mostly blue to me. People taking advantage to buy before next news due anytime. Was going to call it a dip, but but don't think it's even that. Just consolidating at this level. Can't expect it to go up in a straight line.

Humour

I for one do not any more understanding of Gsent's reasoning. Don't hummer him/her. Obviously a trader who sold and wants to rebuy in lower.

Nothing goes up in a straight line. A bit of consolidation at this level is to be expected after resent re-rate. Don’t worry. More news could land any time.

RNS was simply to inform of upcoming presentation. Nothing was said about no upcoming news. Clearly there is plenty of upcoming news as indicated by the previous RNS. News cannot be given in investor presentations since the appropriate means is through an RNS. It is however possible or even likely that further results may come out prior to the presentation.

Your right it is so tiresome. I don't know why they bother, they are so obvious and it wouldn't full anyone. Of course, they then have to be called out and it goes on and on. No one actually invested is going to be negative and deramp.

I reality the SP has stayed pretty level today and consolidated despite the large sale, which is a very positive sign. News due anytime now and SP will jump to next level. Not a good time to sell.

If investors do not find a way to invest, the speed of the rollout of electric vehicles is under threat.

While the transition from petrol and diesel to battery-powered vehicles is speeding up, only 10pc of cars sold around the globe last year were electric, according to the International Energy Agency.

The investment case for lithium, cobalt and other metals are rising up the ESG agenda, Mr Sobotka said, but “it doesn't actually translate into more investment from the capital markets”. The value of the entire industry is dwarfed by the valuation of companies like Tesla.

The Global Battery Alliance is a 110-member group seeking to set standards in showing the providence of mined materials. It wants to create a battery passport, which allows materials to be traced and shows buyers how much carbon has been expended in their making.

“It's very important that as we build out this massive supply chain, that this is done in a sustainable and traceable fashion,” said Mr Sobotka.

“We're trying to support the green energy transition with ESG compliant materials," he said. “But ESG means mines take longer to build, and they're more expensive to build. So that irony, I think we haven't solved as an industry yet.”

Interesting article:
https://www.telegraph.co.uk/business/2022/09/11/city-net-zero-rules-risk-slowing-electric-vehicle-adoption-battery/

City net zero rules risk slowing electric vehicle adoption, battery supplier warns
Investors are unable to fund new mining projects because they are perceived as dirty, says Global Battery Alliance co-chairman

By
Howard Mustoe
11 September 2022 • 4:23pm
Self-imposed green investment rules in the City of London risk holding back the adoption of electric vehicles and battery technology, the industry has warned.

Benedikt Sobotka, co-chairman of the Global Battery Alliance, said so-called ESG rules, which encourage investors to put money into green and socially responsible projects, are starving new mining projects of funds because they are perceived as dirty under current rules.

That is choking off the supply of key metals needed for batteries, sending prices soaring. Lithium hydroxide prices shot up last year, quadrupling as demand outstripped supply.

Mr Sobotka estimates that 60 new lithium mines will be needed in the next 10 years to keep up with demand for metals from battery producers. An additional 40 new cobalt mines will also be required, a rate of investment that has “never been done in history”, he said. New mining prospects typically take five to seven years to set up.

“If we want to transfer just the passenger vehicles to electric vehicles globally, we'll have to mine more material than there's ever been mined in the history of the world," said Mr Sobotka, who is also chief executive of Eurasian Resources Group.

Despite the demand, many pension funds and other large investors are wary of backing mines in countries like Congo where materials like cobalt can be found because of ESG rules, Mr Sobotka said.

Most of the largest investment funds now have rules governing what they can invest in, rating companies on ethical and governance grounds and demanding that they provide some social good.

“You have to deploy a lot of capital in some complicated countries,” he added. “And on the other hand, your pension funds and your large investment funds — it's great to have an ESG score card for your equity investments. That's great, but a lot of the mining companies actually don't make it on that list.”

While so-called ESG-compliant pension funds will happily invest in the shares of companies like electric car maker Tesla, they are shunning the mines which supply the company with its raw materials, said Mr Sobotka.

Car makers and investors need to face the fact that the metals used in batteries for cars, smartphones and other consumer goods cannot be mined in G7 countries, he said.

If investors do not find a way to invest, the speed of the rollout of electric vehicles is under threat.

The investment case for lithium, cobalt and other metals are rising up the ESG agenda, Mr Sobotka said, but “it doesn't actually translate into more investment from the capital markets”. The value of the entire industry is dwarfed by the valuation of companies like Tesla.

The Global Battery Alliance is a 110-member group seeking to set standards in showing the providence of mined materials. It wants to create a battery passport, which allows materials to be traced and shows buyers how much carbon has been expended in their making.

“It's very important that as we build out this massive supply chain, that this is done in a sustainable and traceable fashion,” said Mr Sobotka.

“We're trying to support the green energy transition with ESG compliant materials," he said. “But ESG means mines take longer to build, and they're more expensive to build. So that irony, I think we haven't solved as an industry yet.”

Interesting article

https://www.telegraph.co.uk/business/2022/09/11/city-net-zero-rules-risk-slowing-electric-vehicle-adoption-battery/

City net zero rules risk slowing electric vehicle adoption, battery supplier warns
Investors are unable to fund new mining projects because they are perceived as dirty, says Global Battery Alliance co-chairman

By
Howard Mustoe
11 September 2022 • 4:23pm
Self-imposed green investment rules in the City of London risk holding back the adoption of electric vehicles and battery technology, the industry has warned.

Benedikt Sobotka, co-chairman of the Global Battery Alliance, said so-called ESG rules, which encourage investors to put money into green and socially responsible projects, are starving new mining projects of funds because they are perceived as dirty under current rules.

That is choking off the supply of key metals needed for batteries, sending prices soaring. Lithium hydroxide prices shot up last year, quadrupling as demand outstripped supply.

Mr Sobotka estimates that 60 new lithium mines will be needed in the next 10 years to keep up with demand for metals from battery producers. An additional 40 new cobalt mines will also be required, a rate of investment that has “never been done in history”, he said. New mining prospects typically take five to seven years to set up.

“If we want to transfer just the passenger vehicles to electric vehicles globally, we'll have to mine more material than there's ever been mined in the history of the world," said Mr Sobotka, who is also chief executive of Eurasian Resources Group.

Despite the demand, many pension funds and other large investors are wary of backing mines in countries like Congo where materials like cobalt can be found because of ESG rules, Mr Sobotka said.

Most of the largest investment funds now have rules governing what they can invest in, rating companies on ethical and governance grounds and demanding that they provide some social good.

“You have to deploy a lot of capital in some complicated countries,” he added. “And on the other hand, your pension funds and your large investment funds — it's great to have an ESG score card for your equity investments. That's great, but a lot of the mining companies actually don't make it on that list.”

While so-called ESG-compliant pension funds will happily invest in the shares of companies like electric car maker Tesla, they are shunning the mines which supply the company with its raw materials, said Mr Sobotka.

Car makers and investors need to face the fact that the metals used in batteries for cars, smartphones and other consumer goods cannot be mined in G7 countries, he said.

If investors do not find a way to invest, the speed of the rollout of electric vehicles is under threat.

While the transition from petrol and diesel to battery-powered vehicles is speeding up, only 10pc of cars sold around the globe last year were electric, according to the International Ene