Member Info for British_Mike

Memyself - Careful bud... I remember seeing a chap called Rob1967 posted he was holding 1% of FDR just prior to the recent drill that was a disaster! (9p to 2p)

Do you know when they plan to drill more test holes? Last time they drilled Longonjo the speculation took PRE to £2. Yes it dropped back to 16p but this time it would be new drilling with phase 1 mine construction funding, mine construction plus closer to production. New drilling should certainly draw 'fresh interest' from new speculators. Might be a good time to try a cheeky trade or two as I missed the 20p to £2 banked profits last time!

MAA - Well I'm not sure. PRE presentation page 12 puts Lynas at $12.3b US dollars and compares it with PRE £500m US dollars.

So 500mc to Lynas is about 24 bagger... so £1.21 × 24 is £29/share for PRE. Bit of dilution £20-£25 at full scalled up production in 2027?

So based on that presentation PRE should be around £20-£25/share in 2027?

GLG2 - Let's not forget hole 1 assays - they are not assay testing a 20 metre mineralised section of core... there's several 100 metres of mineralised core to be assay tested. If there's gold all the way down then they can take as long as they like making sure the grades are accurate and not just rushed!

I think we need to stop taking the pee out of CH. Yes things have been slow and I also have raised concerns. We were promised rwgular news flow - yet things may have changed. The data room is now open and for all we know there could be a few majors interested hence data room open now and thus everything else (building for production) halted for now.

Remember ggp? Their massive jv came out the blue.

I think we need to cut CH some slack now that it is confirmed the data room is open. If the plan was to sell zphr before production then this is the moment zphr need all the backing he can get because if he pulls a brilliant deal off everyone will love him again.

Data room open = zphr's most crucial time and knocking CH now is not helpful.

Forget regular news flow now - he has recently confirmed the data room is open via RNS so it's patience required now.

Zphr are sat at 3p range... any stupid offers from majors then zphr need to recruit people to get us into production. First we should see what offers might be put on the table. This is USA onshore tier 1 oil/gas field.

Https://www.bbc.co.uk/news/live/cd7ry3x0nvet

Looks like Trump has settled the rare earth block by China and has lowered their tariffs as a result.

In other words you haven't a clue about the recent sp action lol.

Intend to 'sit tight' yet it was painful last time (2021) watching it fall from £2 down to 16p "sitting tight"

At this rate M&G can buy back those shares they sold!

Lotm - Fair points

Https://www.bbc.co.uk/news/live/c4gzdrd19n5t?post=asset%3Ace0964a5-cbeb-4e78-9214-7054d2a0f57c#post

Much of Japan's rare earths are under water, so guessing not much competition

Https://www.bbc.co.uk/news/live/c4gzdrd19n5t?post=asset%3Ace0964a5-cbeb-4e78-9214-7054d2a0f57c#post

Much of Japan's rare earths are under water

Filltospill - good post (16.50). I do wonder though if wsbn are at a loss what to do with the dc rig next. Like you say - must have drilled hole 3 by now but the rc rig was too late arriving (not necessarily wsbn fault as rig demand high) and so it's all rush on the rc drilling and twiddling fingers on the dc rig.

I think the biggest problem wsbn are having is that the hole 1 assays are taking a long time (lots of core to test) and it's put a spanner in the momentum. They would be drilling blind with the rc rig anywhere not pre-rc drilled... but they need pathfinders (confirmed actual gold) to guide next dc drilling.

Of course going back to hole 1 unwise as might be a dud hole yet. Yet, giving up the dc rig to wait for rc rig to get assay confirmed leads could mean waiting months to re-hire the same dc rig again. So even wsbn are desperately hoping for assays to start rolling in yo know what to do next.

Yep. My 50% rare earths weighted portfolio (pre, mka, rbw) huge gains over past few months all decimated in 7 trading days... as is everyone elses :-(

Tomorrow Trump could wake up and declare war on China. The guy changes his mood hourly.

How does this (bbc news website 45mins ago) affect MKA?

https://www.bbc.co.uk/news/articles/cdjrlmd4pmeo

Thanks

Https://youtu.be/05AiWM4ow00?si=4b2CDfTvi-v6FcaU

Flinn - Indeed! Bet there's someone who bought bitcoin at the early days and are still holding waiting for the £1m/btc... comes with grey hairs and nerves of steel considering the rollercoaster ride with that one over the years

Manxkippers - WSBN are only drillibg hole 3 in hope as they wasn't sure where to drill next after hole 2 - as time is money and need to keep the dd rig turning somewhere.

Makes sense they not go back to deepen hole 1 until they have the assays to see if it's worth it.

That's the issue here. WSBN were banking on fast-tracked hole 1 assays to see where to drill and it hasn't worked out that way as there's soo much drilling by other companies going on and the labs are busy.

As Mike Tyson said "Everyone has a plan until they get punched in the face"

Where's Casper and his 6 posts a day of enthusiasm? Or has he/she sold out? Makes for better reading than all this politics news drivel

Well last Friday see many stocks fall yet ALK went up nearly 5%. Today's drop is probably the market jitters catching up.

Further drops on other stocks I hold today but all did see a recovery towards end of play yet ALK dropped more towards end of day so likely market corrections imo