Member Info for Bridgedogg1

I’m on for the Uranium and copper via 30% in ECL but the The Molyhill tungsten project already has a feasibility study…
“fully permitted to start production”
“High grade resource”
It has already demonstrated it is profitable with low operating costs and early payback of capex.

Such a fantastic opportunity here at this MCAP

Imp, good luck with the interview! Yes income is important but having a job you like is too! As things return to normality and I may have to start paying a big wedge of my income (and time) on commuting again so I’m assessing my own options. I could take a pay cut and get more money and time back. It’s no good being stagnant in any case, had enough of that over the past 18 months.

Kapunda copper exposure is via our 30% stake in envirocopper which is using low impact subsurface mining techniques which is successful will lead to development and a separate listing. Many mining cos will be interested in effective environmentally friendly extraction. Our 30% could be worth a fair bit, not to mention that the drilling is being funded by gov grants.
Results due in October and should also now see some progress on the gold and uranium fronts following cash raise in August.

$10.5m for 3 small wells (total 700bopd?) is very expensive!

Forward sold? Warrants? The director share ownership has been updated with the new shares so not sold. It’s effectively a 12.5m shares placing at the warrant price of 3p or there abouts so the directors get exposure at half the price and little risk.

With the low mcap and upcoming news I've moved all my resources investments into this one with hopes of a bag or 2.

Hopefully EDR wont have to raise but the risk is sufficent enough for me to take my meager profits elsewhere. I felt this should have easily broke 2p on Wressle result and if it had i wouldt be so worried but now I'm just not sure which way its going to go, though the potential is still there. If EDR can prudently manage cash, pay off UJO and not raise then 2p should be hit easily IMO so I may be back on any weakness! Heading over to THR for Copper drill update and Uranium permit to see me out of the last Q of the year. Thanks EDR!

I agree, feel like this will either move down or sideways over the next few months so I’ve sold at a loss. Moving money from here and elsewhere into THR to try and make some back. ORR could go down to 0.2p or pump up to 1p but just too uncertain and not much to move it atm. I think 2022 will be a big year for ORR holders though.

..until Q1 report. Don’t want to miss the turn but should get a 10% rise advance warning, concern now over losing the cream that the tin was providing. If it was an easy / cheap fix I assume they would have said so and find it fairly quickly. Can’t see this going much lower but also think the recovery is a good few months away. In the meantime I’m going over to THR but no one here will be interested in that :-)

“…general terms call for full cost recovery, 5% royalty, 60-40 profit split in favor of operators, and 30% income tax”

Not much left for the operator, almost 60% of your revenue gone. No wonder there isn’t any interest.

Great video, apparently there is currently no producing Uranium mines in the US....

Thanks for pointing out the issue with the MCAP on LSE i was beggingin to wonder.

Some people are confusing "Buffalo-10 considered by RISC Advisory to have an 85% probability of confirming a sanctionable development project based on the minimum economic field size"

with

"85% COS on this drill."

We know the oil is there and that it flows but there is a risk with any drill..

I dont think its possible to short AIM shares, certainly not on my platform. otherwise I'd be rich AF.

Just rustrated that 'negotiations' seem to merge into 'negotiations' with someone else without any real detail.

Ongoing Off-take negotiations have been mentioned since atleast January, the stainless steel producer was mentioned the May update.

Great job snooz, always worth asking. I did suspect that it was an extension request by THR. Worth noting that the DRMS meet weekly so once the local permit is sorted this should turn around pretty quickly.

Imp, pretty sure you've made a good move there, at least I hope so for both our sakes. Personally I see this at £50m before xmas.

'a pleasant change'?

This did 140% in the first week of September!

Its been almost a year since the last placing to raise £1.5m so at least its not every 6 months or more like some other miners. The BOD have done a fair bit to progress the projects since then, in my view the main issue icausing the SP to drift is that none of the assets are that amazing, so more work needs to be done (and money spent) before they are farmed out and de-risked. The IAMGOLD deal was a result of the proximity to their other asset, otherwise I doubt they would have gotten involved. The royalties are a nice little asset to have and monies could be realised from these before another capital raise is required.

Cameroon is the wildcard here, time will tell.

How much is this mine going to produce for Kodal once its up and running?

We've been 'in talks' with the largest stainless steel producer, who is apparently only just up the road, along with 'other parties' for 6 months. Beginning to think that this isn't going to happen. Why no updates?