Member Info for cyberbub

The MMs are being very naughty showing the bid price as 3p when it's actually 3.25p!! Big difference, perhaps trying to trigger stop losses?

Thanks BigBiteNow. If they have almost $3M left then the risk of needing more cash in the coming weeks before revenues start, is virtually zero IMO

Got it now. Seems highly unlikely to be a buy to me, at that size. More likely a sell 'worked' throughout the day, and offset by all the buying at higher prices. If so the MMs have made plenty of money off it! I suspect it's another large warrant being front sold. If so, good news - and remember people can only sell once!

NAI etc

I can't see the 4.2m trade yet - what was the price and tine?

I would say NPV is a fair bit over $1bn after CBS2 is added, and hopefully the vanadium price starts rising... 1bn GBP more like IMO... If I'm right, and we assume that the funding for FEED and main capex gets confirmed, fair value should be at 20% of NPV I would say. That's £200M, assume 600M shares makes 33p per share. Once FID happens (late 2026?) we should be at 50% of NPV, so that's £500m, assume 1bn shares after equity capex issue, that's 50p share price. If we end up in 2028/9 in full production, vanadium prices are at $10-12 and we're making £200m after tax, we could easily have a £1.5bn cap and with 1bn shares in issue, a £1.50 share price (and possibly a 6-7p+ divi)...

Just my view, no advice etc.

The pop today surely means that the remaining warrants have all now been forward-sold? Hopefully we'll get an RNS shortly about them being issued...

*"BUY nor a sell"

Yes it's also very possible that Bo could get some meaningful debt on the balance sheet, but I think the banks would want to see actual signed purchase agreements from Rudyard first. We need to make sure we've got enough cash to last the next 2 months or so - which we may well still have...

Agreed simpleinvestor. The market cap is £50m at the moment, raising £500k would be a trivial 1% dilution and would repay the SP very strongly, by enabling the negotiation of commercial terms from a position of strength as you say. I hasten to add that I have no evidence of any placing, but a small one if required would be trivial in the scheme of things.

What do people estimate as the company's current cash balance? Surely if they're expecting substantial, profitable cashflow from helium sales within weeks then any placing would be only a small stop-gap amount eg. £500k-£1m? Which would be neither here nor there.

Marco you know a rollover is neither a bit nor a sell?

Looks like a 3.3M rollover trade gone through?

There was a 5M trade yesterday so the 1.5p warrant holders have already sold. I don't remember a 6.6M trade so the 2p warrant holders either sold in tranches, or they've decided to actually hold some/all of them for further gains.

Marco, how do you know the figure for the remaining warrants please?

Not entirely surprised to see a fundraise, Ivan did say they would raise money in Q1. They need to continue development while they await the US grant. The good news is that the issue price is at essentially no discount! So the 'international investor' is obviously confident in the company's prospects. We'll find out who he is in a few days as it's a declarable holding.

The good news chart-wise is that even after recent rises, the RSI is still only 70, so the SP could continue to rise for days or even a couple of weeks yet, before it might take a breather... Plus we had the 20-50DMA true golden cross a few days ago... So all looking positive chart-wise, even if you ignore the fundamentals...

No advice etc

Just chartists/traders selling at the previous resistance. Nothing to do with fundamental value. They can only sell once...

I can easily sell 1M shares in one go at full bid price, someone wants shares IMO.

We probably won't get a Tracarta RNS as they were below 3% but that was clearly their 10M sold at 10am, in 3 trades.

Even assuming 400M shares after all warrants etc, 5p is only £20M, far from excessive compared to peers, considering the huge REE resource, and the gallium/fluorspar resource which I think many are underestimating. Don't forget that the resources could easily be increased multiple times with more drilling and analysis - which the US funding will obviously help towards! And the location is generally good, close to Moatize where there is plenty of power, water, and access to paved roads and a major export railway.

I've always thought that fair value today is 4-5p IMHO.

NAI etc

Ticked down on the UT but the real mid price was just over 2p