Member Info for bonker99

Current c£20m mcap sorry.

Morning.

It's obviously a very large Nickel play with the kind of associated costs you'd expect to get it going with the, presumably impending, PFS making those costs and NPV/IRR etc much clearer than they are now.

Being in Russia, particularly the far East, is a double-edged sword of course - perceived geo-risk on the downside although as I mentioned yesterday that didn't stop Petropavlovsk hitting £8 (IIRC) during the last gold rush - they operate in the same area just North of the Chinese border.

Conversely, although I don't know of any details of planned offtake here, being just north of the Chinese border is a pretty good place to be if you're planning to mine huge amounts of some of the most sought after metals for EV battery tech with China's EV uptake being near-vertical in growth:

https://insideevs.com/china-electric-car-sales-december/

Tesla moving into China now too of course as its the world's biggest market for auto sales.

If the expected $500m+ NPV is on the mark then you'd expect the current £30m mcap to be toast in very short order with, perhaps, a 4x on offer ahead of what I would presume to be a placing around the mid-point to fund a BFS later in the year which should redouble the mcap based on the final BFS NPV.

That's my read at least.

http://www.mining.com/web/dont-underestimate-lithium-ion-battery-demand-nickel/

:)

I forget the numbers so I can't speak to them exactly but I saw a chart a while back showing how Africa shapes up in terms of risk/reward compared to "better" investment jurisdictions and while the risk is obviously higher, the big plays that work out deliver big time - it trounces comparable safer plays *when* they come off :)

Lower costs and a bit of healthy corruption can go a long way to delivering fast-tracked profits presumably :)

I'd only support an acquisition if it was (VERY clearly) adding to the forward cash position from day one.

Topside upgrades are post-Djeno flow, not pre-Djeno flow mate.

If Djeno flows at thousands of barrels a day any cash concerns are well and truly off the table as the number you've given for said upgrade and possible pipeline will likely be paid for over just a couple or three months of increased production.

It may be convenient for you to auto-apply 103c costs to 104 but it's not necessarily accurate.

RBL funding would be ideal of course and the CPR will go a long way to moving the needle that way perhaps - maybe Paddy Malta already has a good idea of what those numbers are.

Hence.

Interest often equates to money mate is all - they've got a thousand companies to "manage" all at the same time which is impossible to do really "efficiently" so anything that helps move certain companies to the top of an "interest list" to help filter the noise is a no-brainer. Number of people with a given company in their watchlist etc too of course - I'm probably not much help there as I have hundreds of them lol

Steal is a strong word mate lol

Social mediums like this - FB/Twitter etc - are just behavoural fishing nets for the big money that utilises the captured data - likes/retweets/share page views/posts/tickups etc and there's nothing wrong with that imo. The ratio of fake:real accounts will be exactly the same on here as it is on those other sites, i.e. about 5:1 :)

The money guys look for any edge they can get as I do with my TA chart stuff - this place is dominated by AIM/PI money and AIM is dominated by short positions that explode into ridiculous rises when they've been "chosen" by the money guys because there's a good story to sell and they think the herd is onto it.

These guys are hugely minted but still capable of getting on the wrong side of a trade if the herd moves against them so any forward-read they can get from behaviour on sites like this (before the money arrives/leaves because then it's too late) gives them a possible edge and that's all fair game imo.

They'll know whose chat history is clicked on the most by the masses and they know that the vast, vast majority of PI money/people will *never* post on here so tracking the most "followed" makes perfect sense.

If your name is on that "Queen Bee" list then as likely as not they think you've got some "pull" and if you say you like something then, perhaps, a portion of your "hive" will follow you in and that then makes it worth their while giving it a view before deciding to back it or not - some they will, some they won't but again, it's not about dead-certs, it's about getting an edge - there's a thousand companies on AIM so they can't track em all visually ahead of the money arriving/leaving and there's no profit to be made without PI money to drive the machine ...

Well yes, quite but that's the point isn't it - entry will never be cheaper than it currently is.

High risk/high reward as I've said - if that's not your flavour then give it a swerve.

That looks like it'll do the job :)

Cost? Less than £10m?

Rather than just the fluffy assertions why don't you come up with a likely cash position based on four months of c1,500bpd production at $20 cost/$67 sale price plus the recent £5m placing plus the recent £1/2m cash injection from SNPC (possibly/probably more to come of course) and compare that to a reasonably likely cost for the 104 drill in the Autumn?

Hey - well the ducks are/have already lined up - hence the new money and rising SP :)

I'm a medium-term swing trader in the main so you can keep the divvy but it may appeal to some :)

If you like an accumulator bet then this is one for you though - the first game is already won (Mengo - the winnings there are still being paid out), the second one (Djeno) will re-multiply your money for sure and the third one (Vanji) will give you a nosebleed multiplier that you'll never forget :)

Tragic what happened to Africa's Bread Basket - some of that tragedy coming to Venezuela soon for the same reasons of course. One of the first books I ever bought as a kid was on Zimbabwe, such a beautiful country.

It'll take something to turn it all around but if they can get their act together then it's the very definition of a national recovery/turnaround story in the making and also the very definition of a high risk/high reward play for investors - you've gotta get in early though before the hope and hot new money is possibly overturned by reality down the line.

When you're rubbing shoulders with the likes of SA and Russia for size of natural resources then you really are talking about top-drawer opportunity on a global scale - even better if the place is in ruins and as cheap as it'll ever be of course.

Morning.

Difficult to off that size of holding in the short term mate and they're probably rocking a c10p average like myself so I suspect they'll be awaiting possible re-game-changing Q3/Q4 events like most others who can see how well this may go if the ducks keep lining up as they have recently.

Morning - nice looking pictures if you can get the PFS away sooner rather than later:

http://www.kitcometals.com/charts/nickel_historical_large.html

LMAO!

I'm also one of the chosen ones :)

BTW, it's not the "police" ;)

What's so particularly funny about this is someone asked me about this site in my inbox just recently and I literally said to them "don't you get it? It's the Facebook of the stock market world!" :)

Every page read, post, tickup etc all cross-reffed to inform a view of where the money/influence is at.

I'm a dev of course so it's my default way of thinking - why wouldn't the money guys do it? Well of course they would ...

Depends how they want to play it but yes that kinda thing. This is so oversold still on the weekly RSI that they can fling it pretty much as high as they like in the short-medium term. Financial reality, as discussed by the local fundys, is likely a problem for H2, not now.

That would be 2/10 - y'know, today's open ;)

Yeah, funny the 2p - what's 2/14 again? ;)

It's me bi-polar mate :)