The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Wishing you all a happy, prosperous and blessed new year. Special shout out to Short - keep motivated on your difficult weight loss journey in 2024.
In light of recent developments, I suggest folks read an article from a month ago in the Ugandan Independent
https://www.independent.co.ug/uk-firm-acquires-orom-graphite-project-starts-production-2024/
According to Kedi, the government has already started the process of compensating the project-affected persons in the project site as the operator moves to the third stage of the mine development. At least 289 project-affected persons were identified by the government in the villages of Nagolopak, Lobale, Locomo Central, and Loperu all in Akurumou Parish in Orom East Sub-county, two kilometers from the project site.
Uganda Radio Network understands that the government initiated the first phase of the ten installment phases of compensation to the project-affected persons in 2020 with 700 million Shillings disbursed. The second phase of the compensation totaling about 665 million Shillings is expected before the end of this year, while the third phase will be paid in December 2024.
Adam Luwok, the Chairperson of Lucomo Communal Land Association says the affected communities are satisfied with the commitment of the Orom-Cross graphite project operator. He notes that Blencowe Resources Limited has so far fulfilled the surface rights agreement with the community which has seen 25 students benefiting from scholarship funds.
“Looking at their commitment, the company hasn’t gone against its obligation and this is something in the memorandum of understanding. Maybe in the next six to seven years, we believe that they will have finished compensating us,” says Luwok.
He notes that the association members have also acquired two tractors which has helped them to shift from subsistence agriculture to semi-commercial agriculture. According to the government, the graphite project in Orom is expected to place the country in the global position on the energy transition as the transport sector moves to green energy.
Thank goodness for the dictatorship of Uganda, they are extremely supportive. The central Gov will quickly nip this in bud imo.
Unfortunately, I agree - 2024 is going to be a truly transformational year for BRES and Short's waistline with a little help from Wegovy.
My first buy was around the 3.8/3.9 level, those were the days I long for.....
Fricken daylight robbery at 5p. Been getting quoted forr 4hours before close. Anything sub 5p, and I'll buy. Lets see what tomorrow holds
Out of the 57 trades today, only 27 of them are over £100. Plenty of pennies and a couple of pound buys.
Expect it back to lows in due course and VB to renegotiate.
Feck is this 40% up for today.....
Graphite is tricky as there are so many variables, compare it by what metric? - grade, approval by OEM, quality of product, lassonde curve, and on top of that there is a limited number of graphite plays around unlike Au/Cu/Ni, and only three are listed in London. All graphite is not equal like copper or gold.
Difficult task comparing graphite stocks for a simple person such as myself. There is only one username that is up to this task.....Short, good sir, stand up, don't be shy old chap, and do share your AI-generated wisdom on the last remaining days of 2023.
Managed to rummage around the sofa to top up just over another 60k today.....
The trades in the morning seem to be automated trades, all bought in seconds of each other in bundles.
Hating it.....was looking forward to topping up at the 170 level for another couple of weeks.
Day light robbery.
"No shafting".....apart from the constant lies and deceit, raises and bottom and then 90% drop in SP.
I'd like to see what constitutes a shafting in your book....
Wake up to big boys getting ready to shaft us? Glencore is notorious for giving shaftings rough and without lube....
Markets,.simple as.
I would be fricken shocked if this is still at 5p at at end of 24, as much as I love the suppressed prices.
Never know with these, micro caps, so far the BoD has delivered every step of the way.
Bottom is lower than this for sure....
Makes you wonder if VB will renegotiate terms now due to weakness of sp
I expanded to much energy and capital here before. I bought very long ago and sold out 18 or so months ago.
Simply look at the history of IRON it has been one failure after another for many years. The BoD Are utterly useless. Have diluted to oblivion.
One key lesson, the management of any resource is significantly more important than the resource itself. A competent, experienced and driven BoD can easily take an average resource forward. A incompetent BoD such as the ones which have always managed IRON just F up, back to back and dilute to oblivion.
IRON amazing resource, bottom Tier BoD.
Take off your rose-tinted glasses here.
Good luck all holders.
BoD - you don't even deserve a lump of coal from Santa this year.
Not graphite but another strong indicator on where things are heading....
https://www.reuters.com/markets/commodities/china-bans-export-rare-earths-processing-technologies-2023-12-21/
If theres not another delay, which there is every possibility there could be.
Its like that for everything. More so forn stock with newrly 600 mkt cap.
Really not sure why folks are still here. This has so much bad precedent.....
There is always some sort of F up by the BoD.....
The PFS for the company wasn't overly impressive. Greenland is known for being notoriously expensive to mine, and doesn't help its located on an island with no existing infrastructure. Lucky for them they have super high grade asset which helps. They've also rejected outright any Chinese involvement of any sort which is a tad immature.