Member Info for BwanaMakubwa

Agree Fast. The Romans came here to plant grapes, then by 1665 it was so cold we were skating on the Thames. I am not a climate change denier-but climate, like many things is naturally cyclical. However, many of our "cancel culture" friends forget this.

I have always envisaged Sean as a very gentle, decent and meticulous man. He was extremely generous here with his time and skills.
His Family are lucky to have such a decent, honest man as their figurehead and I wish him a very happy retirement with his wife and new ****er spaniel. Furthermore, I 100% believe that he has not sold a share, but will do as he has told us and lighten up his position in March /April (hopefully for him and us at a much higher price) in order to derisk as his wife retires.

Having said that, and genuinely meant it, we have to accept that we are all here to:
1.Make money
2.Learn
These are the two overiding factors, though hopefully we can have a laugh or two on the way. BUT because there is money involved-sometimes considerable sums-things can get heated and quite nasty when things go against us. Bottom line if you want to be on these Boards grow a thick skin. Most of us have been berated for good and bad reasons, but just get on with it.

I am afraid Sean was probably to gentle and kind a sole for the Board of a share that creates regular heart palpitations, anger, angst and on the right days joy. I believe Shaun has made the right decision to leave-he will be missed, but is better off without the stress.

Aim-sincere thanks for these three posts aimed at Chameleon, but to the benefit of us all.Always well informed and interesting.100% agree with you final conclusion.

I know all the theories of people chasing bitcoin etc and I am not a conspiracy theory man, but as stated some days ago by I think VV (forgive me if I am wrong) ,you have to wonder why there is consistent selling at these levels.Is the share being deliberately held back, if so why-I cannot see who it benefits.Very confused by the recent trading patterns to be honest.I understand why current holders may not want to buy in the 9s (though I have done so and suspect I will again),but I cannot understand selling this nickel gem-if you will excuse the pun.

Too many spivs in these stocks and not enough properly researched investors...

Excellent RNS.Solid progress with ESIA suggests further work to be done, so could be another 2-3 months for mining licence. However, we may get a bit of a rerate ahead of this-6s perhaps.Holding tight here.In for the long run and increasingly bullish.

I suspect you may be right Gaias ....though I hope not. If we do succumb to a bid it will have to be at a very good price, our assets in 2 years will be too strategic for it not to be.Management, our friends at the Angola Wealth fund and us PIs know that.

Ha ha...made me laugh NGN..brightened up my morning..

..EV now only £451 million...speaks for itself.

Oh dear your first post referring to Charlie has been removed-what happened there?

What a ridiculous comment for your first post
Who is Charlie? Or are you on Charlie?
You know the plant capacity, you know the prices do the maths.

Dandino-Tirupati Graphite (TGRT).I looked at it, but management were filling their boots with cheap warrants-so did not invest.Having said that it has done very well.

3.(Cont)Which one of these three will see the strategic value and make the first bid?I hope none as I feel we can be extremely valuable as an independent, but I feel it is inevitable someone will have a go.
4.Looks to me that Aussie selling is subsiding-volumes a lot lower this week than last.I have used the weakness to build most of my position, but still have more to buy once funds become available along with completing my position in HZM.

I talked to the company after the AGM yesterday.For the sake of clarity no none publicly known questions were asked and no none publicly known information offered by the company
Apologies all LTHs who probably know most of the below, but I hope this post is useful in informing new buyers like myself and prospective buyers.
Looking at the serious competition we have:
MP Materials Mkt cap US$5.1bn
Lynas US$2.9BN
USA Rare maths IPOing at US$1BN plus
PRE-Mkt Cap £177 (US$ 240 million).

Key points from call:
1.Business Plan should be published by end Feb (as per AGM).This is the key document to look for and will cover funding options on Longonjo and Saltend as well as outline timetables.
2.Angolan Wealth Fund-a very supportive shareholder, but in the instance of a takeover bid will obviously act commercially.Would not accept any lowball offers or offers that may harm Angola.
3.No UK Institutional holders on the register.Once market cap hits cc£300m and funding is finalised will start to market shares to UK and USA institutions-who in my opinion will lap this up.
4.Funding-very relaxed about funding options-I am not surprised!!
5.Aussie selling mostly retail and seems to be subsiding as we head towards delisting.
6.Appointment of Baroness Northover as a Non exec-great appointment.Very well connected in Angola-look at her credentials on the website.
7.Management equity-a combination of "own hand in pocket" and shares earned on key milestones being hit.If milestones are not hit, shares expire.All looks very sensible to me and definitely not over greedy like many companies.
8.Longonjo should be built in 12-14 months from financing.Saltend 12 months from financing and planning approval-which is going well as a process-not surprising.
9.Saltend capacity-4,500 tons per annum.Longonjo will not be capable initially of supplying all required sulphates so third party supply will also be processed.
10.A 260ft wind turbine with a permanent magnet drive requires7 tons of processed material-whether onshore or offshore.
11.ESG-Taken very seriously,I am pleased to say as this is a concept I always look for in resource investments.They will reach or exceed Church of England standards and all exhausted mine sections will be completely rehabilitated to original state.
12.For anyone(like me) finding it hard to find rare earth pricing download the Shanghai Metals market app and look for rare earth header-it is very good.

My conclusions and only in my opinion:
1.Looking at comparable and working out sales once Saltend is at 100% of capacity,I see this share well in excess of £10 per share on a 4 year timeframe.
2.UK and USA institutions will be ready buyers-value,sales opportunities and quality management.
3.Chevron,BP and Exxon all operate offshore Angola and have onshore infrastructure.BP also has a plant near Saltend.

....this might just rerate a bit before news drops. Despite management concerns the discount v comparables here is just too much.

By the way D220 I have paid between 106p and 79p in building my position. Average about 93p.If this goes where I think it is going a few pennies will not matter here or there.

Welcome D220-I think it is just selling pressure drying up. I had a very positive call with the Company yesterday which I will write up on here a bit later this morning.

....as stated before-we do know something is happening here as they have informed us we will get news-we just do not know what it is.Very exciting-they know exactly the scarcity and strategic value of that asset-very bullish on a great V.outcome for all shareholders and probably the reason that the A.financing announcement is overrunning.

Strummer-I prefer a social gallon....

https://www.mining.com/web/facing-green-pressure-indonesia-halts-deep-sea-mining-disposal/

Courtesy Jedi K on ADVFN