Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The RNS and funds massively derisk this company. You now have funds to complete DFS at a premium to the share price and an offtake agreemtn too. At 0.40p this is derisked and looks cheap to me now. Company's don't give £12m out easily and good deals go both ways.
The price is below 0.40p due to traders, give it a day to settle and will be over the 0.40p
*£126k
£125.99k is a buy, it's £227k with a fee, too rounded to be a sell
Why have PME when goes up 5%, but no PME when drops 35%
You work for £7.50 an hour spamming Lse forums
Was arcadia about 1000 hectares?
And ZULU is 20000 hectares?
So, as you say Arcadia is c4x size of prem and sold for $420m. So that means Prem worth min of $105m and lithium gone up 45% since.
So let's call it min $150m on your made up figures. Still some way to go up. Thanks Malik
Is there a secret WhatsApp or telegram group for the big holders? ??
I'd be interested to hear how GR managed to acquire 6% of vortex
Of course news is coming. Prem is the leakiest share I've seen. Whether it's Assay or JV, good or bad... We will soon see.
Think suspension has been lifted, but can’t see an RNS
You state cash as an asset, but never use loan as a liability in your calculation for valuation.
Yes they have £5.6m of cash/cash equivalents, but they owe most of that out as they are loans.
So realistically they are valuing assets at about £10m not the £4.9m.
In other news, nice rise today! Hopefully break-even tomorrow
How do u get in this little group? :)
Very Vague RNS about RHA. Not the usual bravado from GR with achievable profits.
However, the way I see it at the moment.
Company MCAP = £10m
Ignoring all other stuff like Circum/Zulu/Katete
If RHA in 3 months is up an running and producing, IF it has profit of say £100000 per month.
This would give £1.2m profit per year, or, 10x PE = £12m MCAPs
IF upto max £500k per month, then this is £6m per year, 10x PE = £60m MCAP
So, even on RHA there is potential for a re-rate.
However, as proven time and again, RHA is a money pit and has failed to make a profit. Fingers crossed with electrification this will finally change!
My thoughts
The mineral contribution to the $12 billion milestone will be contributed as follows:
$4 billion gold
$3 billion platinum
$1 billion chrome, iron ore & carbon steel
$1 billion diamonds
$1 billion Coal and hydro carbons
$0.5 billion lithium
$1.5 billion other minerals
Unfortunately for you Buzz you were wrong, done another 40% since you sold out.
But looking over your recent posts, you are probably still up here having bought low and sold and bought a few times since.
I'm still massively underwater here, but not selling as only way I can get my break even is to HOLD and hope this goes up further.
Nothing is certain until it's official!
What caveats might it have?
What information has been provided about funding the scoping study/dfs/building a mine etc...
Too many variables and uncertainty to be fully factored in the recent rise. But probably people do know a bit more which is also factored in already.
Where it goes is guess work from here with the limited information us private investors have!
Company needed money to pay the bills, GR didn't expect the Ministry of Mines to announce the expected news the day after and until anything is signed off/paperwork delivered he couldn't announce it to the market himself. But yes - if he had waited a week he could have raise £1.25m on the same amount of shares! But as ERM said - would have killed the sentiment/rise anyway
Partition 1 and 2 are down with technical glitch. That’s the whole ftse 100 and 250. All other stocks ok
Mine is showing 16p buy,7.5p sell.
Very strange