The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Kever wrote:
“Big investors often make incorrect calls you know
I am old enough to remember big investors buying into Marconi , Polly Peck , Quindell etc to name a few. All went tits up. Small time investors can actually do more detailed due diligence on a company than a so called big investor”
What does this mean? Another completely nonsense post attempting to show a level of intelligence
please do not blindingly follow his advice DYOR
Simply answer is yes to some european customers.
KMR typically price FOB but not all customers accept this
it could stop european customers ordering but that simply means stock piled material gets run down below minimum levels
i shouldn’t affect Chinese or US customers
Definitely a “follow the money” investment.
i’ve previous made my two biggest returns on very similar projects.
that said, the Mangrove short is bigger than in previous cases so i’m excited for the next 3 months with my longest position in this type of scenario
Roll on the next webinar!!!!
Reports will drive the SP up quickly, i expect extreme volatility and the shorts try to protect their position but 2024 is looking like a fun ride with a strong upwards trend, based on factual verification of contingent resources, funding and eventually reserve status
when will Mangrove start selling? no idea but looking forward to their capitulation
Mr Spencer has been a source of funds at 20p.
6+ vendor finance options looking at PANR based on asset value significantly higher than the market capitisation, therefore safe to assume Mr Spencer is comfortable enough to invest further at 26p on the basis Kever is wrong.
Mr Hobbs and Mr Cheetham (and Bob) LAUGHING OUT LOUD on recent webinar and the Tin Hat comments on this board.
Fantastic start to 2024, with further LTH support from Mr Spencer.
As an investor, I have had all my big wins when listening carefully to a Board, offering transparent advice. $120m - 150m is irrelevant as the Company needs $300m and I would support the board to accept dilutive equity over giving up control to a bad Vendor Finance deal.
The Board (Mr DH in particular) have shown exactly the type of guidance I like, and support. Mr Spencer is showing his support.
The world will need oil, even if we secure Nuclear Fusion technology to regulate CO2 in the atmosphere for centuries. The US, Canada and Japan will require safe secure long term sources of oil (and gas) as global unrest continues.
Happy 2024, stay the course, I WILL, this is a once in a generation opportunity. Although it will be a bumpy ride it is worth the hassle. The Trolls always get noisy just before the next SP rise.
I cannot wait for the NSAI and SLB reports as the Mamgrove short will be further squeezed and their obvious out, the CLN, is not is Mr Spencer’s cross hairs, and why would he allow them to destroy his 6% shareholding by letting the buy 1.53% at a material discount. HE WONT!
In my opinion his purchase this morning proves that, otherwise he would have waited, therefore I’m buying more.
Some positive signs for Mozambican Ilmenite sands pricing.
https://www.asianmetal.com/TitaniumPrice/Titanium.html
This is the best pricing information I have been able to find and China is a decent customer for KMR
Worth remembering that two ships were late departing in Q3 2023 so if these two ships get away before year end it could be a record quarter, or at least close to it.
If the board can hit the top of the the reforecast shipment range it would be a great result and would soften any weaker pricing in H1 2024, which has already been flagged.
I suspect that update will be strong Q4 better volumes forecast for 2024 but weaker pricing with expectation that global growth returning in H2 2024 will lead to a very strong year.
If this transpires I will be delighted and would expect share price to revisit £4.6 and above in Q1
I am re-posting from OlderWiser. I have to commend this gentleman for his efforts. The quality of post is exceptional and his conduct is an example to all.
Transcribed from the latest Proactive interview, D Hobbs speaks to the financing, I find his planing entirely logical and credible. Whilst I find Kever to be simply dishonest
D Hobbs
Well, of course, the most important thing is access to finance. And the commitment we've made to our investors is to seek to raise the money we need to bring ourselves to first production with as little dilution to the existing value of the shareholders, as possible.
The development is completely different than many of the other north slope developments. It’s really very cold west Texas. It’s one well at a time, close to infrastructure and so the cost of getting to first production we estimate conservatively at 120 million dollars.
Compare that to one and a half to two billion dollars for Pikka Horseshoe, 6 to 8 billion dollars for Willow further to the west. You can see it's a completely different order of magnitude.
And so we think there's a very realistic opportunity to raise a good deal of the funding without having to issue equity and that is our number ones strategic Focus. And so, all the actions that we're taking in the first part of the coming year. are going to be around arranging the relationships with vendors, with potential off-takers, to maximize the funding we can develop from those sources.
So that then the residual equity requirement is as small as possible. Even, in a perfect world, zero.
More detailed commentary to support LTHers, Board and New Institutional Shareholders in the coming months.
I would love DH’s to post a couple of Leather shoe soles onto a social media channel, comments from last webinar, to show the market that institutional investor meetings are progressing and nearing a positive conclusion.
The market will respond, very quickly, when we get a “new name” onto the share register.
The first one in will benefit from market reaction, short squeeze on Mangrove position and hopefully many of the individual retail investors “wake up to see the share price run and run”.
Hope everyone is enjoying the break, I logged in to see the chat, but it made me happy to see the Trolls getting more frustrated and angry, it is thee most positive sign they are beginning to panic.
The Trolling will intensify through January and I can’t wait to see it, respond with positive updates and eventually 100% non-dilutive funding (my opinion).
This will be a joy for those that have put in the effort to respond with truth and facts.
Happy days ahead.
Another ship gone, two more ships in Moma. It would good to get them away before the week/month/year end if they are taking product.
Happy Christmas. Looking forward to Q4 trading update and associated share price rise on volume increase.
Kever,
Please provide your rationale for a mother of all placing at 12–5p, I’m really interested to understand what this is based on?
Has your mate in WH Ireland provide you with a note?
Have you any insider information which indicates 12-15p is a sensible price?
With a placing coming at c. 20p at the end of January how do you see this being explained?
Is it possible you have just made that up to be a ball bag and there is in fact nothing of substance behind your stupid statement.
For me the language is correct.
When there is a framework to approvals etc etc the board are in a position to confirm they hold all the data required.
For a fund raise they take advice and use experience to prepare but even then the ability to confirm or prove that they hold all the data for a 3rd party to fund the project is not possible.
Perhaps they should have used the wording we can confirm and prove that we hold all the data that we and our advisors BELIEVE that we need to successfully raise funds based our or knowledge, understanding and experience.
Remember, a funder will review all the data and may ask for additional data, for their downside protection. That may not be available but it may exclude that funder from progressing as other funders are willing to accept the available data. In that case the available data is sufficient to fund but not for all funders.
3rd party advisors may view the data differently, more positively or negatively, than PANR board but they have said they BELIEVE they have all the data required.
The board rejected iluka’s opportunistic offer before saying it materially undervalued the business.
The business is much stronger now too.
Hopefully it starts a lot more M&A in the sector. I think it’s a year or two away.
Most likely traders checking price before a trade.
Very few buyers or sellers but I simply shows how few buyers and sellers there are.
In my opinion the SP will very quickly revisit historical highs in advance of the Q4 trading update and dividend announcement in January.
It has history of peaking in Q1, so hopefully it does and we can reach £5 per share. But who knows. Time will tell.