Member Info for British_Mike

Dilution to sp? PRD wasn't paying for FRAM. The deal went t*ts up.
The dilution will be coming to pay for the MOU-4

Lol, what a load of tosh on the FRAM deal. PRD needs excuses for a failed deal, I know. More like BPC asked for full amount and PRD's third-party buyers said no.
Not fit in with green energy strategy? Lol, 22nd July, not many weeks ago their was a 'predator' push to buy FRAM cheap, but CERP put a curve ball in and strengthened their hand by merging with BPC. PRD was no longer holding all the cards.
I'm invested in PRD and this basically majes the Co2 part of the business low-priority and theirs no 'Dana Petroleum' with this.
Be lucky to stay above 3p today.

BPC's RNS this morning update on Inniss-Trinity - Expiry of right to purchase.

By the end of the year AT-5X should be flowing 100-300 bopd according to the latest presentation. This is PRD's stated expectations - the markets will use that as gospel.

The current flow rate is just below minimum expectations at the current point in time. Yet the flow rate should increase steadily from now to meet the next milestone.

The slightly below minimum flow rate reached to date is still good news as it proves the design works.

43.4 bopd from AT-5X - the presentation suggested 50-100 bopd for this milestone. Probably what caused the sp drop.
Not bad though, not exciting either. Hopefully good news about FRAM tomorrow.
Overall, good work PRD team, thank you.

My post was more tongue in cheek.

A shareholder update a quarter of a year on, especially with such big pending news wouldn't go a miss.

Has passed since RBW's last RNS.

The overdue JORC and no updates to the market - Do the BoD's care about it's investors? If the JORC is bad; we will find out eventually... or have they done a runner.
I realise this is AIM, but 3 months since any "news" is poor.

2p not as bad as I was expecting - the sp was 1.8p following the merger.... could've ended up with a 1.5p placing.

At least it's game on for the long awaited Pers#1

Well done LTH's!
I researched this stock over the weekend, moved funds today ready to purchase tomorrow. Just seen the sp jump, obviously gutted but pleased for you investors.
I will wait to see if this pulls back as I can't now purchase on what could be a spike. Yes, yes, I know GWMO is cheap still. However, multi bagging from £8m+ market cap is not quite like bagging from £4.2m. Yes I know that's greedy but that's the way to play micro cap miners - buy very low and hold for years.
Interesting to see sp action tomorrow if no RNS. If it rockets again then you can't win them all. Especially if GWMO release a speeding ticket.

Today I've invested a very small amount here. A punt if you like.

Funded for drilling of several maiden areas in a great jurisdiction this year. Low market cap. One good strike vein and this could become a GGP.

Fingers crossed ladies and gentlemen.

Today I've invested a very small amount here. A punt if you like.

Funded for drilling of several maiden areas in a great jurisdiction this year. Low market cap. One good strike vein and this could become a GGP.

Fingers crossed ladies and gentlemen.

Hi China. Thanks for your reply, and I do respect your thoughts on the BFS importance.

The BFS will be needed for II's to justify large(er) holdings. That alone will be great for PRE and its growth to a mature NdPr miner.

Onwards and upwards to PRE.

Hi China.

I think you miss my point on some parts, and others you need to wind your neck in.

The millionaire analogy was used for comparison to PRE putting out positive RNS's about the mine qualities and the BFS actually reflecting that as fact. Tornadotony mentioned along the lines that he thought the BFS was a given success as the mine was showing good and has increased by size. By the way, I'm not a millionaire. If you can't understand that analogy, then that's your problem.

If you had £100K invested in PRE and was sitting on a 2-11 -bagger and would not top-slice going into the unknown BFS outcome - then you either have a lot of profit you don't mind losing or a high risk taker. Then again, if you only have £500 invested then the risk is neither here nor there. This was a possible reason as to why PRE suffered it first major pull-back since the London IPO. People will take profit at some point. Again, for Tornadotony's concern over the sudden fall.

With regards to COVID - why woould I be concerned? Again, this is another reason I mentioned that could be causing nearly all miners to lose 5-20% on Monday as the media really hit home about us being in a second wave. Everyone knows about COVID, and that it's here to stay for quite some time. Yet the media can really influence stocks. The FTSE 100 lost 3.3% that day - over COVID second wave fears.

Of course have your opinion, but respect others trying to have input also.

Battery Cathode
"The next improvement is in the cathode: it will be cobalt-free, meaning that cobalt child miners will no longer be indirectly working for Tesla. The cathode will use nickel instead. This cathode will be manufactured using much less energy and producing no wastewater at all. This process also allows for recycling. Tesla will start producing cathodes in America, reducing the distance travelled by these materials by 80 per cent.
Tesla will use a sulfate-free lithium integration process reducing the cost of lithium by a third."

This is why prefer AMC's nickel-copper-sulphate mine over HZM's nickel-cobalt "battery mine" that comes online the same time as AMCs. Soon cobalt will be a very dirty word.

Musk says he will use 80% US materials such as lithium abd nickel. AMCs mine in far east Russia will supply China, Japan and Korea as main market I think.

I could have flash cars and tell you I'm a millionaire - although until I was able to show you a bank statement to prove it... you never be quite sure.

The same goes for PRE - until they prove their findings the sp will remain in pence rather than pounds. PRE have 2-bagged in a few months and 11-bagged on ASX.

Would you wait for PRE's BFS, which could raise questions about financing the mine coupled with second wave COVID-19 scaring the market sitting on a 2-11-bagger?

PRE will only truely take-off once a decent BFS is delivered and financing for the mine known. We might get diluted yet. Financing will test Paul Atherley and his team's credability. They talked the NdPr deposit and will soon be time to see how much it will cost to extract and the off-taker terms.

The FTSE 100 is down over 3%. Every stock I own has dropped around 5-20%... probably a nervous market now that the media have said we are in a second wave of COVID-19.
PRE has been on a good bull run since London IPO fall to 20p. Those who were sitting on a 2 bagger last week when it hit 60-70p not likely to hold with refreshed COVID-19 fears. Also, some like to de-risk ahead of the BFS. It appears we've also off-loaded the gold asset... some might have thought that had 'potential' with such high gold prices. PRE obviously thought not. Hopefully a quality stock like PRE will recover losses in sp towards the end of the week.

A good watch documentary on BBC iPlayer - 'Family Goldmine'. True story of a man taking his family from Scotland to seek gold in Mali using investor's money.
Worth a watch for some light entertainment.

Hi Daddyaim. Firstly, I'm invested in both RBW and PRE... although heavily weighted towards PRE.

PRE is in a different class to RBW hence the market cap differences. RBW are targeting REO veins with a 22% NdPr basket content - which is 80% of the value of the basket. PRE have a massive NdPr open pit mine that has just been upgraded by 35% and yet the ore body still remains open in all strike directions and at depth. They drilled 80 metres down and still not found the bottom.

RBW are due a JORC and are close to production of dug ore.
PRE are at BFS stage in a month from now with production in 18 months time or sooner.

RBW have a good chance of multibagging several times, yet PRE have a tier 1 NdPr mine and the more likely takeover target for a large mining company in my opinion.

Both companies have potential for very different reasons.