Member Info for Culpepper

The Havieron project is on track. Many on this board are not.
Unless Ggp and Ncm have been wasting their time and it all comes a tumble ( please give reasons ) then funding will of course be obtained to complete the project, and details promulgated at an appropriate stage. Some posters trying to put cart before horse. In the meantime, you have been told Tribeca stand in readiness.

Just in passing. On occasions there are relatively substantial trades going through, apparently sales. In view of the minimal impact on the price, it seems they are being picked up along the line.

https://www.lse.co.uk/rns/AMRQ/2021-regional-exploration-programme-z5v8jtujd4xnaqw.html

In a nutshell.
“I am delighted with the solid progress our team is making in investigating opportunities within our extensive land package. The mineral exploration process of data collection, interpretation, target selection and reduction is crucial to ensuring we concentrate our efforts and resources on only the best opportunities for value creation.
We continue to analyse our portfolio of mineral licences in Southern Greenland closely, prioritising activities aimed at making new gold and strategic mineral discoveries within an evolving geological district, and maximising potential for geographical synergies with our existing portfolio. This project generation cycle is now bearing fruit, leading to exciting new discoveries that will rapidly become tomorrow's mineral development projects."

The customers, I think won’t care and probably don’t even know. I think shareholders are an unwelcome nuisance for Mxc, who run this. Shades of that when they took it private, without giving shareholders any option but sell or go into the dark with them. I bought a great deal more Mxc when it hit the bottom before delisting, taking the view It’s all about Mxc, and the partners and concert party will get their returns through that. And me with them. Can’t see why not.
So I’m quite ambivalent about IDE - but in fairness to all would like to see them build it up and sell it off to give IDE shareholders a return.

https://www.lse.co.uk/rns/IDE/update-on-final-results-ovdaf26el4l3rpr.html

Consequently, there will be delay to the release of the results, which are now expected to be released prior to the end of September 2022.

They had been granted an extension of up to two months, so we shouldn’t ??? be left hanging. They are required to do ( and say ) something.
In the meantime, what we have is :-
The Company confirm there has not been any changes to the information provided in the trading update on the 30th of June.
You never know, perhaps they’ll come tomorrow……….

It’s possible they could squeeze another month out of the authorities and be within the COVID extension - taking the mickey though at this COVID stage, I think.

No surprise there then. No results as indicated. Not too sure about suspension. We’ll see. Last time around on this nonsense they were off for 3 -4 weeks.
Can’t think of an obvious reason for delay. They’ve had ages to discuss ( with themselves mostly ) the debt thingy.
Absolutely nothing surprises me with this lot.

KGF continue to spend £2m to £3m a day on share buyback improving eps, and it must also affect the sp in the past, and going forward to some extent.

I think it preferable to have ours out there on 16th. I can’t imagine Kingfisher ( B and Q ) being any better than our existing trading update. So it might avoid too much of a double whammy on their day, 20th. I think. I haven’t seen one from Kingfisher, a trading update. I rather expected one.

This is a lengthy process. In my opinion, to keep referring to what is actually minimal published short interest is perhaps only important to those who are interested in short term share price, rather than the eventual outcome of the project.
But it is understandable in some quarters.

Ncm and Ggp will proceed in a painstaking and businesslike manner, on the facts of the project. Not a bit like this board.

Tribeca are there ready to assist as, when and if, pending something else planned. Another of the roles of cornerstone investors.

‘Tribeca's involvement should reassure.’ Quite. As I tried to remind, it is inherent within the role of a cornerstone investor, and helps pave the way.

In my view, shorting and the rest, blah blah blah, is a distraction. If things are as the company reports (why not?) then the next important stage in the project for both Ncm and Ggp is funding. And unless somebody can point out a deficiency on the cost efficiency aspect, then that should follow as it would normally do.

And ‘bankable’ will be assessed within the context of the particular lender(s) criteria.

“Yeah but won't that be dependent on having a bankable feasibility study?”
The more adventurous investors come in early days and get rates reflecting the risk. As risk decreases, so does rate.
So some is, some isn’t.

Some of us have seen the worst of this - the selling down period by legacy Travis holders, who did not want the shares, from the COVID-related boom.
It is cash generative, with stock turnover broadly in synch with payment dates.
It has proved resilient in downturns, and has seen off competition.
Since spin off, Wickes has been able to refine it’s model under more-focused management, as one would expect.
I am hoping it will prove surprisingly resilient in comparative terms to retail generally - and it’s offerings are far less discretionary than it’s main competitor.
In the absence of anything else, next up is 6 months results, the trading update with revised expectations putting Wickes down 20% on the day.

25%

Actually 139 million I think. Way off yet, unless for some unforeseen reason Ggp’s Havieron interest falls below 75%.
Somebody will put me right if I have it wrong, no doubt.