Member Info for cyberbub

Chasing a falling knife might make sense if it was crystal clear why it was falling, and obvious that it would only be short term. Of course the shorting is clear - but the *reason* for selecting FUTR to short is not... if there is any reason!

I'm a bit taken aback to hear Ivan say in yesterday's LSE presentation that the PFS is complete... Why hasn't it been RNSed and provided to investors?? I've never heard of a junior miner not providing the PFS, DFS, BFS documents - how else are investors able to make their decisions?

Does anyone know when the Accoya patent runs out?

Anyone got any idea what the enormous trades were today?

The SP reaction (at least in the first half hour!) is telling. Raise at 5.5p and we've only fallen to 6.4p, which is unusual for a pre-revenue smallcap. I suspect that not very many of the latest placees are interested in a quick 10% profit? If most of them are holding tight, and plenty of other buyers take advantage of the dip, we 'might' not drop to the placing price at all... Let's see anyway, it's still early. The shares will be officially listed to sell in a few days.

GLA NAI

I'm not entirely surprised to see some more money being raised, a month after the last one. Companies seeking bigger investment need to maintain decent cash levels so that they have a stronger hand in negotiations.

Further participation by the directors and VBR is encouraging. They have a lot but still want more!

After the last raise at 6p, the share price stayed at 7p and even climbed to 9p. Let's see what happens this time.

The project's prospects remain excellent, and the SP is still very undervalued IMO despite this small dilution. News on CBS2 is still due soon hopefully.

GLA

CAN YOU STOP SHOUTING PLEASE

Have people not considered that the DFS may have been deliberately delayed so that they can include a higher average lithium price in the NPV?

The news and government support seems very positive! My niggle is whether the company needs cash? Last results showed them burning $5m p.a. and not having much cash left. Do they need say £2m to take them through to FID?

Also is there clarity that all of the capex for the plant will be met by public sector grants? Or will EMH likely have to raise (say) £30-40m as its share of capex equity?

Thanks for any info, looking at possibly buying some here.

Do the respondents actually have the money to pay? Will they just place themselves in administration to avoid having to pay? Like Michelle Mone did to avoid having to pay back £100m to the taxpayer who she was judged to have defrauded.

The product works, is well-received by its end users, and sales are growing rapidly under seemingly good management, so that's a great investment case already. The fact that it's also eco-friendly is a big bonus for a lot of people (customers and investors). You might not give a damn about the long-term future, and indeed might choose to actively damage the future for more profit today - but that's not my philosophy, I have kids. So speak for yourself, not others.

He's a clever boy isn't he, with his 'voices' in his head!

Looking at the 2-year chart, I hope we're making a quintuple-bottom at 15p and will shortly make a run into the 20s, on upcoming news of a divi as others have said. It's quite clear to me that they should be able to pay 1p divi in 2026 if they want to, moving to 1.5p in 2027 I would say (a 10% yield if buying today). I've just bought another 70k this afternoon.

GLA NAI etc

Surely the concern here is that the company is growing fast but is still loss making, and will probably need another placing soon?

It's basically all lined up:

*Massive resource, all open pit

*Excellent economics, IRR 31% WITHOUT the CBS2 $100m p.a.

*Road and power supply already in place

*Mining licence in place until 2042

*Clever metallurgy boffins on the staff

*Directors have big holdings

*Fairly stable, mining friendly, Western friendly jurisdiction

*Top backing from Mick Davies

*Loan agreed for construction

*Equity funding being negotiated

*Partial offtakes agreed, more to come

*There could easily be a divi of 5-6p when in production in say 4 years' time.

Everyone understands that there will be further dilution for the equity component of capex, but should be at much higher prices. If you want to be really conservative then assume 1bn shares in issue eventually (I think it will be less).

It's certainly not risk-free, there is always a level of risk with junior miners, but I'm struggling to see much of a downside risk from 8p.

Just my view, NAI

Does anyone know how many HREE shares are in a US 'bundle' (I forget its name)? Looks like possibly 4?

US listing live as promised, good news! Whether it will make a massive difference we'll have to see, but it's definitely good news anyway.

Don't forget there is also a level of debt here, so the EV is higher. Still should be on 20p+ even on EV, IMO. If we get confirmation (new must be due soon) that CBS2 tests are positive and the Chinese company wants an offtake then it could double the NPV in my view, because CBS2 is almost a byproduct = very low production costs. That could see us well into the 30s IMO.

NAI

The value of the project bears no relation to the share price at the moment IMO. A lot of shares drift downwards on the run in to Xmas as traders get distracted, and funds start selling for quarterly window-dressing - having said that, I don't this RAB Capital etc will be selling! RAB invested after the coup, so must feel that it will not have any effect medium/long term. The fact remains that we have a super low-cost, high margin project which will output large amounts of minerals that the West is absolutely desperate for. The PFS will hopefully show a very high NPV.... which could light the touch paper under the SP? Touch wood

Someone keeps pumping out sells whenever we get above 6p... The important thing is, they can only sell once!

Great news from Harlequin, a very experienced, massively funded and obviously very credible investor. A £2m-odd drill is less than peanuts for them.

Another brick in the wall of the huge potential value in this project. We're moving forward steadily and increasingly quickly.

NAI

RNS after close.

A bit more dilution than I wanted to see. Nevertheless I think the money will be put to productive use, and that 2026 will see the company finally break even...