Member Info for Dave85

They didn't ban it then...far from it in fact.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.regeringen.se/4ad4dd/contentassets/f8c862904cf7495abf82648fa923bb87/utvinning-ur-alunskiffer-sou202071.pdf&ved=2ahUKEwiglvO5wb_tAhW1oVwKHTOiAC0QFjAAegQIARAB&usg=AOvVaw0utcq3PDlJT3pWzZHMX5bc

Page 29 - "As the proposals do not limit the possibility of future extraction
of innovation-critical metals and minerals, the proposals are not con-sidered to have a significant negative impact on the investment climate on the Swedish mineral industry, or on the potential for utilising innovation-critical substances of importance for renewable energy and other high-tech production of importance to the green transition.

The proposals are judged to have limited consequences for holders of rights linked to extraction from alum shale.

Sweden and the EU are dependent on imports of innovation-critical metals and minerals from countries with less developed environmental legislation. The fact that such extraction takes place sustainably in Sweden instead therefore has positive effects for the environment globally and contributes to an improvement in the security of supply within Sweden and the EU."

That last para also rings so true for uranium, imo.

Does this offer some part of an explanation towards the apparent recent interest?

The above relates directly to auras haggan asset, sediment hosted vanadium (also contains uranium - extraction currently banned by sweden).

Wonder if this could begin to pave the way towards a release of the scoping study, been looking forward to it for a long time.

Overturning the U ban would be a very big deal, still think it will happen one day, no idea if it'll be of any benefit to aura shareholders tho.

AIMO GLA

Oops correction there. Very close to 0.6% not 1%.

Number of shares in issue increased extremely quickly over short time.

Have to say this recent movement feels like the real deal finally for uranium...the start of something hopefully very special and lasting, (seasonality doing its thing as usual I know, but perhaps more to it this time around).

At one point I got very close to 1% of aura, then (by which time I'd been diluted back well below 1%) 'for whatever reason' the gold news came out of nowhere while asx was suspended meaning my buys on and near the lows and significant overexposure here made the pf jump.

Sold millions into the rise over the next week or so and bought most of my ufo which turned out very well.

My time following, and in aura has been very disappointing and at times perplexing and annoying. Not feeling able to post my thoughts re what was going on maybe speaks to the unpleasant nature of said thoughts, not an enjoyable experience and am far from sure, still now, of a pleasant ending.

All I do know (imo) is the assets here have incredible potential, are coming into vogue rapidly (near term production U3O8 - Tiris, nearology of 20 Moz gold exploration - Tasiast S, polymettalic (but predominantly V2O5) based scoping study primed for release (similar scale to FAR) - Haggan. These are some potentially hot properties in markets with plenty of fresh eyes. The main thing I know is I'm not worried what happens since I got so lucky with the sudden rise - sell - and buy of ufo (and some others).

Still holding >6.6m aura, the near term uranium production aspect is incredibly rare to find on any exchange. Low opex, low capex and permitted with public domain dfs with easily visible exploration upside as and when.

Side note my other U exposures are yca, bky, valore metals (plus some xtra via jan), thr, mka, far and mnrg.

This was by far my favourite tho, such a shame at the mo, but you never know...

Mulitples or bust, really don't feel this owes me anything after the incredible luck of the timing re ufo.

Gold ipo news soon? clarity on share issuance soon? infighting climax and winners decided soon? Truce soon? Asx trading again soon?

I'll patiently wait, in no rush, feels like some people are expecting something to happen fairly soon tho.

AIMO ATB

2/2

If the exploration comes good could get really exciting - Im constantly reminding myself of the size of the license and the number of targets/prospects within.

RP got lots a stake here, don't think chaps like RB forgotten about this and going to just let it slip/get frittered away. Just need to have a little faith like when you averaged down (good move).

The upside from the/any reduced costs (already low) from the increased predictability due to understanding vein dilatance and the prospective new areas within the existing mining permit not forgetting all the work they did on the new level (yet to be worked) is quite tantalising really. They done the hard work and are ready to go, just need covid gone and bit of money to get going, then dominoes tumble and sp appreciates.

Just my very optimistic and simplistic opinion.

Link towards may 6th tech report in English...

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003744

Maybe a bit of newsflow soon after Wednesdays agm.

Not following particularly closely, not really analysing financial aspects, just taking a broad brush approach and hoping things can turn around over time and interest can progressively increase creating vol and feedback towards higher sp.

Not seen much increased selling since the 4 month hold period ended 18/11/20 & expect quite tightly held stakes generally. At 6m mcap for me its skewed towards upside RvRwise.

I think good chance this has already bottomed tbh.

Just like in rmm and iron - paper losses are not too painful 4me presently as I see the macro as a shortening influence to the situation. Avoiding anything terminal is the priority and assuming that's achieved I'm reasonably content that these types of Co will deliver an good return in the med to long term (currently a b/e would seem like that but even 20% is good cf to most other places and hope for much more here and the other 2, with time).

Corrections welcome - a small holding for me and only look in/at sporadically spending minimal time following.

AIMO ATB

1/2

Yes I'm satisfied by the accounting explanation, figured it was something like that.

The way I see whats gone on and how it may pan out...

They stopped underground ore production (entered 'care and maintanence') - oct 19 due to blasting psni issue (security), these issues were then sorted but some connected financial matters were outstanding.

Covid kicked off and staff furloughed so even low grade processing from stock was down & a return to underground mining a complete no go.

Things eased (May) and low grade processing brought back but revenue not shown due to nuance of accounting regime as they told you. We also been told the above financial matters with psni are now sorted, so good to go on that front when able (with invisible revenue used to fulfill some ongoing costs).

'Commercial production' seems to be awaiting appropriate 'financing' combined with being on covid related tenderhooks over and above the finance issue.

Once a covid end (sufficient easing) becomes visible - should allow movement on solidifing these 'discussions' they've been having re the finance for commercial re start.

I reckon a jv or partnership will suddenly materialise combined with a finance arrangement, then re start underground, get exploring (rns 26/10/20 - new drilling maybe included in the new updating tech report), get reporting the revenue (recent processing increase), complete the new tech report and 43101 resource update (from the 2014 one & incorporating 06/05/20 released study findings) by which time sp is up/ maybe multiples from here gold imo likely >2300usd and someone is/would be willing to pay a pretty penny - if sale still an immenant consideration.

The results from 2015 exploration (incl in rns 26/10/20) included the best ever intercepts obviously they aren't in the 2014 report so significant improvement - realistic expectation.

AIMO

Just seen the placing details.

I'm imaging (no paper at hand) a graph plotting the recent CR's with % dillution on the x-axis & amount raised on the y-axis.

Think this forms a line generally moving (over short time period) from lower right to upper left.

Pleasingly I suspect this to be highly conducive towards a sustained, and opposing, move in a line plot of the sp over time (the paper profit creating one - for me, ignoring mcap here) from lower left to upper right.

Great result given where the company was and how much the mcap was just 6 months ago. Very happy with this news.

AIMO ATB

Thanks for the great posts and I agree with/am convinced by candid's view.

I think mine and as much as quickly as possible and hoard as much of that as possible.

They got into this business as they where bullish bitcoin, so act accordingly to the extreme and take big risks if necessary (understand other my have a very different view). They are doing great (not saying otherwise) but I really like the idea of the investment arm angle.

The hardest and most hardening of assets and people are again caughting on and momentum appears to be gaining.

The CGT news this week immediately made me value my arb holding all the more - all isa wrapped.

With the upside potential in each bitcoin meeting legal obligations of a good (spike - will be the patter imo (team here well placed to call)) sell, if held directly, could be highly deleterious. Arb may not have the pure leverage but the potential tax advantage (im sure there are many other (but much more complicated) ways to legally avoid the/any liability) but with the mine and hold strategy a side the govt wealth tax targeting (only just starting imo) the investment case strengthens from two powerful angles.

Thanks again

Apologies if this has already been fully digested here but only scan read last page of posts or so as busy morning ahead.

AIMO ATB

556779 more for me, gets me to a nice round 1m. Happy with that for now, until/unless I can buy more sub 1p.

13.5m bzt, 1.8m glr, 1m xtr

Demonstrating decent amount of belief in CB, certainly hoping some part of 1/3 of these does indeed really deliver.

Thats all it'll take - imo.

After yesterday, isa wrapper even more important...it has begun, how far will it go and when.

Don't think they'll touch the isa stuff (being of such limited input), if they do will likely need a different excuse at least. Those would be bad times.

Vaccine glimer of hope for spring/summer next year and Biden in, big things to think about this last week or so.

NSW drilling anticipation and FB news eagerly awaited.

AIMO ATB

Got lucky here early this year with a short term trade either side of the consolidation selling most on what turned out a bit of a spike. Started adding more this morning and aiming for a much longer term hold. Start of rebuying catalysed by....

Zinc movement

https://twitter.com/258Capital/status/1326004017021898759

Also - silver credits this time next year...I'm bullish.

~5-6m mcap just seems too low, happy to wait plenty now for an increase if needed, in some ways it would be preferable 4me.

GLA

Good news certainly.

More than doubled my holding this morning, topping up to just over 0.1% of the company.

Was hoping for no rns (made my decision to buy more before seeing todays news), so happy to see 16.6p avaliable on open.

Aim to further dilate my holding around these levels if they last (or lower) and hope GAL get back to black returns very soon.

Don't be selling up now, imo. Significant findings are just ahead and a significantly more receptive audience awaits.

So much work/money/time/effort expended to get here, I say hang on to as much as possible just a little longer. Visibility of path to 20-30k oz/a once covid restrictions eased 4 shift workforce at it and numbers put to a few promising leads (already permitted too) and gold at >2300usd and 750k to 1m in ground? (~25% increase).

Then see what the offers are - I think <12 months.

Explo license is vast.

AIMO GLA

And me

ATB

Logically.....

If someone believes nothing posted on a BB can affect any movement in the price of any stock over any time period.....

This implies that no hesitation (for example to wait 5 minutes to double check a grade from an rns months ago or for 20 mins to attempt to double check a calculation of likely cash reserve ballpark) has ever been caused by a statement read by any individual or group there of, on any BB.

The timing of the hesitation, the quantity of stock that is delayed (or even prevented) from being sold/bought, the liquidity of the stock, the concurrent sp in relation to important technical areas of the historic chart, and the follow on hesitation/actions by others awaiting increase of buying/selling volume (or price movement relative to technically significant areas) will determine the realised affect, if any.

To hold the position of - this has never happened to any degree, seems a stretch to me.

The effort displayed within, and quantity of, posts that appear sometimes to try to create such hesitation or otherwise impromptu trading phenomenon speaks to the evidence that many people believe that posts on a BB can indeed have at least an affect (however small). In small and illiquid markets small affects can quickly snowball under certain conditions and quite marked movements can actually occur (I believe I have seen it happen, eg recent zambia related fakery)

Sometimes the smallest of edges is all that is needed.

If one were to truely hold such a belief and act (and feel emotions) accordingly I see no mechanism to cause any kind of angst or misfeeling towards any attempt at such a endeavour.

To demonstrate any wish to counter any apparent attempt at sp influence seems to undermine the stated belief that the attempt can only prove completely ineffective. Any effort expended would be totally wasted and (personally) I think a more logical response would be to minimise opportunity cost and employ time instead to a more enjoyable/useful pursuit, meanwhile being content that many of ones market 'competitors' are wasting their valuable time.

Just my long standing thoughts on a broad nebulous topic but seemingly at quite an apt moment hence posting now.

AIMO ATB

As posted 09/10/19 I bought in here (just <0.9p) late Sept 2019 - my plan didnt work out on this one (or at least hasn't so far).

Nice to see mtl back with a bang. Hardly been following since supsension (small % of pf) but for any hand they may have had in the outcome/timing there of, thanks to vol/les and the sag.

1p per $100+ on Au - not looked into it yet but that sounds good to me.

AIMO ATB

2/2

It seems to me bzt would ideally want to see a listing valaution and subsequent valaution path more akin to PRE cf FAR especially if a lock-in period is stipulated and the plan of mgmt is to realise funds directly from sale of stock, but even just for the associated investor perception of bzts stake at any period of time.

The, now improved outlook for copper and gold and the general level of investor confidence (dollar weakness/inflation expectations etc) may not create such an ideal valuation outcome. Mining stocks are apparently unusual on the sgx (see link) and so investor expertise maybe be lower for mining cf say the asx. Im struggling to decide is this will focus excitement on the listing concurrent with copper bullsihness associated with Chinese demand at the mo (higher valutaion) or if it will mean little initial interest (lower valuation).

https://youtu.be/E31YF4od8Yc

All this being said the main thing is that if a listing occurs and MMIH start doing as they say and spend money on explo and progression of the asset then the reality factor, imo, will come into play to re-rate bzt accordingly. The above is mainly a cake and eat it thought experiment.

For BZT - a listing = great (more likely now than before), a low initial valuation = best (less likely now than before).

For MMIH a listing = great (more likely now than before), a high initial valuation = best (more likely than before).

Does this increase the likelihood of a successful listing 'soon' even more?

If im missing something that makes the above moot I would appreciate and very much welcome a heads up.

Obviously the improvement in sentiment around natural resourse small caps, likely trumps the potential detriment explored above with regards to the new Hope (personally eagerly awaiting the initial results/further newsflow).

Holding 11.6m

AIMO ATB

1/2

It seems to me the delay in the mmih related listing will likely prove detrimental for bzt cf listing as originally planned (much earlier this year?).

Whilst our free carry of 20% seems 'set' the other direct consideration bzt will receive is a fixed dollar amount (10m Usd) and therefore varies in terms of number of shares/% ownership it will translate to upon the listing of the entity dependent on the ipo mcap.

Investor sentiment and copper price in most of Q1&2 2020 were much lower and to me that would have been likely to result in a relatively lower ipo valuation relative to one likely to be achieved under the current market circumstances?

Seems to me that any (on current terms/with mmih (? - see link)) successful listing will help investors see the prospect of value from manakyan as 'real' (for the first time in years) and a resultant rerating is likely. Therefore, the main importance is in the actual achievement of a listing. However, thinking of optimal situations, an ipo with an initial relatively lower mcap is preferential as that would mean bzt's 10m usd stake translates to a relatively higher percentage ownership.

https://www.mmihgroup.com/leadership

Considering 2 listings/re-listings, (just quickly looked at these to get very rough numbers and no am not implying any comparison between companies, just looking at valuation movement post listing), FAR - ferro alloy resources & PRE - pensana resources.

Just using trading admission rns' and T/View daily chart.

FAR 67p x 313m giving a listing mcap ~210m gbp, after a sustained sell off and/due to lack of investor interest with the high starting valuation and sustained slide (from a cyclical high) in the vanadium price (principle commodity exposue) the mcap today is ~36m gbp.

PRE 22p x 188m giving a listing mcap ~41m gbp, listing in early July 2020 shortly following March/April's general market liquidity crunch and investor caution, after a dip just below 20p sp is currently ~79p with mcap ~160m

AIMO

Happy holder today, 65% - what a result, never would of expected that year/years ago.

Hope they crack on removing the conditiinality.

ATB

May be of interest....

https://www.bksoc.org.uk/event-details/encouraging-mining-investment-in-kazakhstan

I'm focusing on the overall trajectories at FAR. Vanadium prices, production, investor awareness, trading volume and sp, workstream activity and mcap - all seem to be heading upwards.

I watched this company from the week of its ipo and started buying several months ago as I thought these improvements would become established.

My two previous posts here were on 04/09/20 - outlining the 'requested' (on some level at least) documented (using only info posted on the BB that day) cost of production comparison with vametco, and as below on 18/08/20.

"Added some more today. Ridiculous scale, incredible potential, seen as disruptive/threatening by some(?), enabling by others, if this becomes widely noticed and discussed likely to be a controversial one. My opinion - the vanadium industry needs these elephants to allow true rescaling of vrfb uptake. I have my stakes in VTM deposits but looking longer term see the two sediment hosted plays I own as definately worthy of some speculation at this stage. Vrfb dominating global utility scale energy storage - more likely with growing success here (expected within 6 months, imo)."

My thoughts are unchanged from above and the higher the mcap of FAR the faster and more likely, imv, the continued success will come for both this company and vrfbs in general. I see this eventually causing increased relative stability in vanadium pricing and improving investor confidence in primary producers & utility energy storage solution players, i.e. at some stage creating a positve feedback loop.

Increased supply increases demand - not always the case and maybe a worry of a lag in terms of the demand is evident from some, but not from my position I think that maybe 'short term thinking'.

AIMO GLA

Topped up to just over 1m average down from 0.387p to 0.185p. Pleased with the news/progress/improving situation and happy with my holding now. Aim to hold for long term and see where it goes.

Reduced distance to/increased likelihood of, profit.

Plenty of shroom to the upside for commodity sector, imo.

AIMO GLA

sub 0.45p, long term I think there's a good chance of a term around.

Good drilling results recently, gold and copper looking increasingly strong, restructure now visible.

Averaging down slowly now.

AIMO GLA

Started to buy in here this morning (with difficulty - having to do it bit by bit). Been bullish on natural gas for a while so been looking for exposure to large leverage. FOG (don't own) and AEX (own at current >70% paper loss) were targets of mine to buy in, average down respectively. Missed timed both of those for my liking, disappointingly, VLU - my remaining and preferred option now.

Q2 2020 results - "Extension of Valeura's three exploration licences at Banarli and West Thrace until June 27, 2022, and the engagement of Stellar Energy Advisors Limited with a mandate to secure a partner for the deep tight gas play."

AIMO GLA