Member Info for BritishPeculeum

Isas

I’m in with 1m shares… first purchased after the NIU deal was confirmed at around 20-odd pence.

Andrew4444

1. As I have said in this thread and others, someone please give me a reason to suggest that my opinion has no legs.

2. As my comment earlier alludes to, “unfundable” to the extent that, IMO, the current Carry Agreement renders AEX unfundable. If they get that sorted (see Option 2 in earlier comment) then AEX becomes a runner. I agree with Isas that a raise will be required, but as I see it, to generate the cash to pay for the settlement with EXG. I know this will result in further dilution, but as I have previously said, I would rather have 20% of something than 80% of absolutely nothing.

3. Option 1 in my earlier comment, which is the path we are currently on, still remains a binary bet, insofar as: “Will AEX beat EXG to the bottom, or vice versa?”. To cover this risk, I’ve done “a Rothschild” and backed both horses in the battle. I hope that it doesn’t come to this, Option 2 is realised, and I win on both sides.

GLA.

“But that's my point. It’s not a sensible course of action if anyone thinks we wont get funding as the sp will be going much lower and the few grand residue left will be with a lot less or maybe nothing.”

As I have always said, it’s a complete binary bet is this, and I can imagine that I’m not alone in seeing it like this.

Red666, you are bang on the money with the reason why I am still here. I will say it again what I have already said on here before, I am a genuine holder, and despite having averaged-down when the share price plummeted, I am way overweight in PXC, and still under water.

My only motivation, Andrew4444, is to keep this BB real. There is clearly something that’s wrong that’s not related to the technical aspects of the project that means that this project is unfundable. Given the technical prospect, the current market conditions and the jurisdiction in which we are invested, the market would be all over this, if everything was just that. If everything was just that, NIU would most likely be still be here now, as a happy bond finance partner, the open pit would have been delivered, we would be generating cash, and we would be looking at the next phase of development of sulphites from the underground adits identified.

But it clearly isn’t just that, is it?

I, like Red666 have already resigned myself to the fact that this Board of Directors are hamstrung. They currently have three options as I see it:

Option 1. Do nothing, and wait for the inevitable situation of insolvency of either PXC or ExGen; whichever comes first wins all. Who is it going to be, and how long are PXC shareholders going to have to wait for commercialisation to happen, if this is the strategy, and what value is going to be left on the table after Riverfort has had its pound of flesh out of PXC, in propping it up whilst waiting for something to give?

Option 2. Pay ExGen out, and take total control of the venture. This is the cleanest option of all from a funding perspective. This will require funding in its own right, but as I see it, it’s the only solution that PXC has, that PXC can present itself with a clean pair of hands to the funding market.

Option 3. Pay ExGen out to restructure the Carry Agreement, to the extent that the market sees the revised Carry Agreement as a fundable option, (ie an Agreement that is not ransomed by ExGen) . This still is not ideal, as something will still ultimately require a decision that requires ratification by EXG.

That’s how I see it. EXG has PXC ransomed here. Unless anyone can tell me a more plausible and valid reason why the BOD’s are unable to secure funding for this venture then I’m all ears. NanoCap??

Ramper. But go on Nano. Fill your boots, son, and lead us to the promised land. Given how cheap as chips this stock is and how the LANGUAGE OF THE BOD’s HAS CHANGED, this ten bagger should be right here right now… 💩💩💩💩💩💩💩💩💩💩

Ramper. This will be back sub- 3p very soon.

Isas, you know you were asking a few weeks ago about what the VP of Public Relations did to keep himself busy?

Well, you know that very enthusiastic poster that showed up here in the last 24 hours… Nano?

I think you might very well have your answer… 😂

GLA…

NanoCapInvestor: This sounds like a once-in-a-lifetime opportunity to get very rich very quick, so if I were you, I’d fill your boots as much as you jolly well can, and do so very quickly.

For goodness sakes, don’t miss out!!!

GLA.

ID78 “so why can’t they get a deal done??!!!!!”

I invite you to have a good look at the December 2024 revised Carry Agreement made between AEX and ExGen Resources Inc. (TSX ticker: EXG) to better understand IMO the most likely reason why this venture is failing to attract funding, in what is, as everyone has acknowledged, a most favourable project, operating in a most favourable jurisdiction, and in some of the most favourable market conditions that anyone can ever remember.

EXG holds a 20% carried interest in Konnex Inc., the holding company of the assets at Empire Mine. The Carry Agreement between AEX and EXG was restructured in December 2024, after the NIU bond deal had collapsed. I believe that will give you the answer to your most pertinent question.

GLA

Tuck in, then NanoCapInvestor!

If it’s not you Alan, then who? 🤔

All positive from AEX this morning.

“First Gas”… how refreshing do those two words sound???

Roger Jolly… I hear you. The reality remains that neither you, me or anyone on this BB, or anyone in “the Telegram 15% Club” are privy to the detail of the Carry Agreement between AEX and ARA, or the detail of the Eclipse loan agreement, and therefore none of us really know what cards are actually on the table from either side.

I’ll say it again, what I set out below is an opinion of what I consider to be a potential risk to shareholders. The invitation is there for you to take it or leave it. I’ll take what you have said in your post as confirmation that you will be leaving it.

Prospero26 has stated the facts as they are, Prosciutto, you can’t argue with any of that. However…

I still think the biggest risk (and I’m not saying it will happen, but it is what I see as the biggest risk) is that AEX shareholders are taken out before the drill results are published on CH-1. If that did happen, all I could hope for, for all of us here, is a fair exit price per share that takes into account the potential. ARA have a number of leverage points on AEX, given AEX is largely in ARA’s hands on every aspect of delivery. That point I can sympathise with Prosciutto’s ongoing concern, in that a carried interest is only as good as the contract in which it is encapsulated, and none of us here are or have been privvy to the detail of that information.

Please, before the usual suspects go jumping down my throat on this point, consider that what I am communicating is my opinion of the biggest risk that faces us as shareholders. It’s yours to leave or take, but please spare me the abuse. I really don’t want or need it.

GLA

“Hello Boyle Sports, how can I help you today?”

“£20 each way on Alpha Crucis in the 3:00 at Goodwood please.”

“That’s all set for you, Mr McDermott and the best of luck to you!”

Something like that, maybe Isas?

Carefree… not sure there is a slide in the sp, rather the froth settling after a period of turbulence. Dupax assay findings and the next financial update may stir things up again.

Freedom, despite a pretty buoyant construction market in KZ, STCM is having to sell more volume just to tread water. Two main contributing factors as I see them:

1. Increase in imported competing materials into KZ from neighbouring producers is having an adverse impact on supply of cement and hence price. An end to the war in Ukraine will have a positive impact on price, as regional demand for cement increases in the reconstruction efforts in Ukraine, and Russia trade sanctions are lifted. That’s a big if or when. Until then, I can see this sp remaining relatively subdued.

2. Inflationary pressures, particularly in respect of significant increases in electricity prices in KZ, are continuing to hit margins. I cannot see this trend changing any time soon either.

With those points in mind, we will be lucky if STCM breaks even this FY.

Yes they did gbennett. Just don’t let them crush yours in this very long and very painful process though. Inept management as they are, the only saving grace is that the same metal is in them there hills as there was when you (we) first invested here. You might find, all being well, that we outlast this rabble running the shop atm.

Just looking at some of the posts on the Aminex page on X. A lot is said about the aim to improve the air quality for the people living in Tanzania.

To put that in context, according to WHO, “around 2.1 billion people globally cook with biomass (including wood), generating harmful household air pollution.

This exposure is responsible for an estimated 3.2 million deaths per year (as of 2020), with children under five being particularly vulnerable.”

I know it’s not Tanzania, but I worked on a project in a area of Peru where 1 in 5 adults did not make it past the age of 35 because of respiratory diseases primarily caused by domestic woodsmoke. I can’t imagine the figures being any better than that in Tanzania. The effects of woodsmoke leaves children orphaned, the social impact that this can have further down the line are profound, and as Tanzania takes a big leap towards development, it is going to have to make huge strides towards getting its population healthy.

Tanzania’s challenge to reduce its own contribution to these figures starts with the construction of the gas pipeline and then the connection to the AEX asset for its feedstock.

So, for everyone that is invested here, please take a moment to give yourselves a lot of love and a pat on the back. This project has been tough going for many of us for a lot of years, but it is (y)our faith in its outcome that has brought us to where we are, and that will change the quality of millions of lives in Tanzania in a way that we in the developed world take for granted.

Thanks to one and all.

Canaccord Genuity today kept a 'buy' rating on MPE and lifted its target price for the shares from 1,500p to 1,650p.