Member Info for Burn_coal_now

One of these is directly adjacent to our JV license so certainly something to watch.

I feel the opportunity of the Zambia JV and the Bird pitch around southern Africa prospectivity is exciting for Xtract, and hope others can find a way to move forward. Most shareholders seem too jaded to care, and just want his head on a plate and want their money back in dividends.

The GLR jv license is adjacent to one of the Xtract pair, the DRC side of which is Ivanhoe's. We aren't too far from AFP / First Quantum, the other side of which is ARCM / Anglo, next to Sentinel, so good enough for majors to prospect in the area.

Don't know if covered here before, but the Cooperlemon website talks up the geology, and depicts a study showing a magnetic anomaly identified in our 28001-HQ-LEL jv license.

https://cooperlemon.com/developing-exploration-projects-greenfield-to-mine-development-stage/

The recent 'Dig Deep' podcast gave a heartwarming account from our humble origins of the brave Mr Betts traversing Liberia with a Land Rover and a shovel, up to the present and the outlook for Dugbe etc.

https://youtu.be/4h0Ii4Z2iHk

We shouldn't allow ourselves to be at the mercy of events here. KM needs to get on the front foot, and climb the hill of la Ventana to claim what is ours, perhaps with some pointed tweets from the top?

I am struggling to grasp this idea that GF and ourselves will agree for our concessions to be handed over to Litiomx, with GF effecrively accepting demotion to being a contractor. The coming days seem set to clarify the path forward, but I imagine that most likely being between GF and ourselves how our JV is progressed, which can be a positive thing.

Whoever else the state will attract to prospect among the difficult to process clays for the benefit of being their servant in future projects I cannot imagine.

Roger, that would at least put some cash in our bank, but I think that amounts to less than GF paid for their share of it. Hopefully the coming days will be revealing!

A pure cash settlement between Litiomx to buy our concessions, or takeover of Megalit / Mexilit would be a clean outcome for KDNC in terms of getting remunerated, however likely or not that is. At the extreme end of the scale, expropriation of concessions could be taken up with ICSID with whom Mexico are signed up, but could be a long road to get paid - though big payouts for such do happen cf Rusoro vs Venezuala for $1.2b etc. All i know is that we own some very valuable concessions, so hoping something sensible prevails.

Yes, very interesting. While partly a tale of a renegade province being brought into line, it is a rebuke to the notion of solidarity between latin american states in nationalising parts of the periodic table, so is bullish for the private sector role is Sonora.

Oh no! What hymn sheet are the hombres in Argentina singing from?

https://www.mining.com/argentinian-lawyers-call-for-annulment-of-provincial-lithium-law/

Don Durrett is bullish HUM, as the only LSE pick on his 10-bag gold/silver list (based partly on a hypothetical outlook of $2500 gold), so this may have attracted interest.

https://dondurrett.substack.com/p/goldsilver-miners-with-10-bagger?r=1qdy5e&utm_campaign=post&utm_medium=web

As a newcomer to HUM, I gather there have been some challenges, but the siren call of a near-term new mine adding big numbers seems hard to resist at this SP.
GLA.

I see us as currently being a junior explorer / aspirant producer, for whom the objective should be to seek growth, and therefore I don't want a dividend. I get that we have transitioned from being a failed producer to what the BOD are imo unhelpfully calling an "investment company", but trying to appease jaded LTHs by handing out dough isn't the answer imho.

Rocket powered bus? O tempora, o mores!

Many a non-productive / distressed mine sells for much less. While I believe this mine was on a path to success under our oversight, challenges still had to be overcome. A local team perhaps lacking the muscle memory of what productive mining looks like could have been on a path to conflict with our JV partner, unknowns remaining about the water supply etc. Best to bank the dough while it's there imo.

One of the points from Arcelor about assisting producers to build coke plants struck me as rhyming with comments Carl had made about such, so this stuck in my mind.
I agree the MOU thing is daft.
I get the impression there is Sellafield and not much else if you want work up there. I am perhaps facetious about coal, but would rather see honest work than the various forms of 'green' pretence, most of which involve burning a lot of coal somewhere else.

Don't know about this, but another potential overlap to the MOU was posted here previously:

https://www.herald.co.zw/steel-giant-injects-millions-into-zim/

These various insights could signal the approach of a 'singularity' event, where all of the world converges on Hwange looking for coal, causing a massive squeeze.

Drill the hole please, my children are tiring of eating breadcrumbed chicken parts and oven chips. Report many tcf urgently.

This sort of precautionary red tape on fauna is prevalent in mainland Europe because they have bears, so realism needed here. In a pro-business jurisdiction like Wales, the relevant minister will likely attend with a shotgun to clear the adits if explorers are afraid of bats, so we need help from Mark Drakeford on that.

I struggle to comprehend the narrative around wind. Gargantuan quantities of met coal are burned to process gargantuan quantities of steel and copper, with related mining, to make a short lifetime windmill that presents a stability nightmare to the grid operator. The same UK protagonists simultaneously campaign for more windmills, and also to stop a met coal mine from being built. Only nuclear comes anywhere remotely close to to the concept of 'net zero', and few are even considering doing it.

With the ability of the UN et al to coerce governments, and capital to coerce aspiring debtors, it isn't too hard to see how companies find themselves pushed into this lunacy. If people want to be sold snake oil, someone has to profit from supplying it I guess.

100m market cap and I can't get a bid? What kind of game are we playing here?