Member Info for CRK22

I think "with stress" is probably an adequate description of how BA is conducting activities at the moment. Its no value to state a CEO is saying with stress that an outcome is going to happen as he's a vested interest and as susceptible to hubris as anyone else. The video presentation 13 mins in where he says SC have given INDICATION of funding is well noted however in the next breath he clarifies this by saying he recognises its not a guarantee and not the same as money in the bank.

Any investment on the basis of how much BA stresses the funding position is simply an investment in his his word.

10% dilution buys 460k.

ARahim, no point bemoaning holders adjusting their exposure levels. Don’t know what your average SP is or how much exposure you have at that average but I can tell you there will always be people adjusting their position either buying to average down or reducing exposure on a spurious spike. The recent MOU RNS was not an adequate basis for a sustained rise. Visible to the naked eye.

Now we watch and wait once more.

If SC are definitely funding as seems to be your consistent opinion they should sign something legal and issue RNS to preserve / build sHareholder value which would also benefit them as large shareholders.

Money needed soon.

BiB, sorry you have sustained a material loss and I for one think its OK to "keep it real". That being said, you don't have a horse in this race anymore and the sustained posting doesn't read well when it descends into last nights thread. I hope you make up some investment ground elsewhere.

FWIW - this share is high risk, there's no denying and I do think ramping it would be wrong. The spike of last week is long gone along with a lot of unfamiliar posters doing their ramping thing.

Take care fella.

Unless it does ARahim. We must wait and see. Your faith is perhaps admirable but its dangerous to assume its a fait accomplit

Fleet vehicle ev's were always going to be a major driver (no pun intended).

That’s a fair point Daz, investors need to price in the factors you mention to their position. Personally I don’t know which way this is going to go but any bidding war you allude to would need a number of bidders in the wings. Any thoughts on interested parties?

Serious question - you are in MLL - are you blue or red there at the moment? Just interested as Lithium investments seem to be suffering all over particularly in last 12 months. Consolidation of prospects management team facilities etc within a region would make some sense to me but only if someone with enough knowledge backing can take the lot

0.137 your average then Daz? There’s worse spots to be in

Not suggesting anything untoward just that Neill timed that very well. Directors are often in a position to know when the most valuable time to exercise their options. 136p down to 75p subsequently illustrates that perfectly.

BiB the short answer is nope.

SC have not shown their hand yet - funding, how much from whom and to what schedule is still the big question.

Thanks BiB - had missed that and was going off memory of BA presentation last year just befor he screwed us with a placing as I recall ...

Thanks for clarifying with your reply ARahim, I also feel a short term SC loan may be most likely although less than what you suggest as I think it will be just to cover day to day ops. I can't see the project progressing in anger until MLA is signed off so for me that's the next news I'm waiting for after which if permission to mine is given funding decisions can be made either by SC on lower level of information or by external sources which would require more detailed DFS IMO. Based on MLA time to sign off I think BA presentation last year claim of production by end of 2020 is hopeful in the extreme and based on assumed 5 month sign off plus 26 weeks lead time on delivery of plant equipment plus commissioning time we are probably looking Q2 2021 earliest. Again just my opinion and again there's a lot that can go wrong.

I see Neill cashed some shares in at 136 last year. Given where we are at the moment I will be looking closely at directors dealings on this share in future

ARahim, care to venture a more concrete opinion on "news about finances"? Your statement covers a huge range of possibilities. Are you thinking placement or loan?

daz, opinion noted and for sure its a possibility.

Each investor has to make his own decisions and I'd not expect you to be buying right now. If you had a chunk invested I'd have expected you may have cut a few losses yesterday but many with a moderate investment may just hold.

If GFD really had a 100k invested I'd have expected him to sell something yesterday and maybe buy some back once the spike settled. For sure no spike sticks for long on this share.

Rollercoasters are supposed to go up sometimes I'd heard.

GLA

ARahim, I share (albeit extremely cautiously) your optimism. For a company about to run out of money to pull out of a presentation opportunity to generate interest and days later issue an MOU in the way it has been done would indicate confidence in the ability to get some finance in place although initially I'm thinking SC loan to cover next few months. Saw a clip of John Meyer talking briefly about Metals opportunities in 2020 and he specifically mentioned KODAL and "SC helping". There is an article here - "https://www.ii.co.uk/analysis-commentary/mining-stocks-exposed-metals-big-potential-ii510259" which covers it.

I'm not expecting anything to skyrocket and holding this share is edge of your seat stuff. Still a punt.

The endgame that ROO refers to is death or glory on funding decision. Still a massive punt but there is potential here just don't put too much in hoping to recoup losses from elsewhere.

DYOR, GLALTH

Definitely buys masquerading as sells. 9:12 for 3 million shares is me but it was a buy.

Very good advice FJ

Chasing losses is bad for mental health. This is a punt which will hinge on funding. It’s your call.

Totally agree BiB.

Money talks

Cheers eyeguy, I've got a rough IRR calc and have used a higher discounted rate than 7% to be conservative so apologies but thats where the disconnect has come from.

GLA