Member Info for CRK22

NPV I make to be not as high as you say however no info yet realesed on actual cost savings on synergies mentioned in RNS per tonne of product so may enter your range at that point.

Production next year is the plan

OTA in place yes

ESIA in and signed off yes.

Funding is key, big question mark at this point what portfolio of funding methods may be used.

I would love rerate to 0.3 however history with this share suggests keeping a cool head is in order. anywhere near 0.2 and I'm delighted and feel that would not be overvalued IF (big IF) taking a punt on funding coming in is where you are at.

Depends on what your investment intentions are but there'll no doubt be bumps in the road with this sp.

Today has been a breath of fresh air however. Its been a painful last 6 months.

Good advice Roo, LTHs underwater know better than to trust a spike although I'm all for it going further up towards at least an air pocket of some description.

ARahim - depends , is is a buyers market or a sellers market? I feel any figure involved would be calculated at the level at which the number of voting shares will pass a resolution to sell. As SC own say near 30% of the shares it would likely be near the SP average of the remaining 70% of shares. Not a pleasant scenario for long term holders who haven't averaged down.

Lets see how this plays out.

8.5 yrs LOM based on indicated and inferred at 2mtpa and IRR of 51% vs a discounted rate of 7% (generous). Remove the inferred and its 4.6yrs, 23% IRR which is the true picture of established value so I'm not surprised the SP hasn't had a supported lift. The real question as before is funding. IF SC is going to fully fund then the inferred is less problematic as its based on their confidence but this is only true once the cheque is signed.

In the meantime, true shareholder value for the PIs is supressed until either the funding secured RNS is issued or upon further drilling moving the resource from inferred to indicated. Surely?

I think we're all in for another 5 months wait IMO.

at least 4 months I would think. Funding is the bigger question by far IMO.

https://www.ii.co.uk/analysis-commentary/mining-stocks-exposed-metals-big-potential-ii510259

Saw this in an interview SorB posted a short while back seems to have been a lag to get in print but here it is

Daz don’t forget to factor in the massive spread% typically 12% to 25% ??

Arahim,

Is it then your position that SC and BA may have an opinion (as yet unformalised by further drilling in the other tenents) that leads them to conclude a longer LOM than that currently formalised and evidenced in the JORC?

I don't ask this as a criticism or in a pointed way but simply to further understand the basis of your confidence in the value of this investment.

Thanks in advance.

Gents and Ladies,

A few twitter links to support the opinion there's an investment point of inflexion on the horizon. Can't cut and paste from phone but here's the addresses

https://twitter.com/globallithium/status/1217071608508178432?s=12
https://twitter.com/hjesanderson/status/127075596553019393?s=12
https://twitter.com/cdmrawles/status/1217116538089693190?s=12

just snippets but encouraging nonetheless

@C4onthego

I agree with BCN assessment particularly around confidence from the involvement of Ganfeng which is a major plus point.

However I am still underwater here. Go Figure

No, I'm sure there would at least be a puddle of an RNS in this otherwise desert wasteland of news.

For examples, PREM, VAST, EUA, EMH, BCN, KOD - this is often the case

RNS information and tone of language. Demand forecasts from other sources to corroborate or otherwise stated company info. Look for strong schedule of milestones and schedule of attainment. Then fingers crossed and hope for the best.

WTFDIK though - I'm underwater all over the place, developing better gills than Kevin Costner

My observation is that this is often the case on aim shares where volume is either not large or a bit unpredictable. Big spread covers MM's for sudden movements.

Rising price suckers people in only for them to find they cant beat the spread. Traders beware but then again day traders should get what's coming to them

Cheers SorB,

some heartening stuff in both of those links.

Lithium prices still soft, bottom on Li not far off according to various reports but 2nd half of 2020 should see movement in our favour. We need II's to observe the uptick in price along with a strong demand curve projected into 2022-2025 to capture their imagination and start creating a buzz. if FS, MLA and Funding can be secured (in real terms not BFF waiting in the wings style secured) then I believe KOD would start to look like a cheap buy in which would make a world of difference. Nail biting time at the moment

Just have a toe in the water in comparison Bamp but similar break even. GLALTH

fpvone - solgold chart shows it never did that within the last 5 years Jan 2015 2.7p June 2016 2.875p Oct 2016 28p. If it was at 12p prior to dropping it must have been earlier in 2015 as it doesnt show on the 5 year graph

ARahim, I've averaged down as far as prudence allows and am prepared to lose the lot compared to what's already on the table. I hope you are correct but I can't "stay ou" of what I'm already in and I'm sure you'll forgive me if I decline your strategic investment advice on this occasion. I'm all for being bullish when the occasion warrants but just question how sensible it is to keep rubbing the rosary beads of "unknowable information in the hands of others".

The fact i that this is a high risk investment and one which I hope pays off for all. I hope your holdings are in keeping with your confidence.

GLA

ARahim,

1) Willing is a good indication and guarantees a customer IF we get to production
2) Willing to help moving to production is not a binding agreement and I think we would be wise to be very cautious as we don't know what this help will cost us.

Cautiously holding