Not mining much easier than mining as I've heard rick rule repeat, as is his way.
Narrow escapes for me fairly recently were; cradle ark - thought about buying but never did but came quite close, wolf - ditto, firestone - bought in on a low and luckily out on a spike - 'nick of time', tristar - very very nearly bought. In my experience listed juniors are incredibly resilient as long as not mining/trying to/indebted. Only bellzone and dragonfly that's got me so far.
My point is, despite these experiences I've been happy to try with wres - like mgmt for a start. They appear to have scraped thru the 100 year commodity covid crash low after struggling on commercial production ramp up (so4 another I've watched for ages never bought, luckily) and even after that hit with the flood - still standing - great support and deep apparent belief. For a junior explorer to emerge is one thing but wres appear to have (assuming next production updates are positive - as expected) weathered some storm, imo.
~5.8b shares mid April 2018 sp ~0.54p so mcap reached >£31m - equivalent ~27p today, maybe can do better than that (maybe 2x).
I've again been a buyer last week or two.
Global infrastructure spending, oil price, deglobalisation, dollar weakness, secular inflation, lessonde curve rerate catchup upon production profitability, sentiment reversal and concurrent sn/w strength (+ more sn then expected), momentum from lows, poss atlas dry up, long term channel breakout (~40p?) - potentially powerful combo.
Then gold.
50p currently ~60m mcap, seems very possible if they finally cracked it.
May take a while may still go wrong but happy to wait and see.
AIMO ATB
Pyramid results for silver sounded promising to me, only trenching after all.
'Trench No.1 through northern portion of the North Ruth soil anomaly cut a continuous width of 45.72m grading 61 g/t silver (1.78 ounces/ton) including 9.14m grading 146 g/t silver (4.26 ounces/ton)." & still open
After get permit, "Phase 2 trenching programme will include a number of additional trenches to test the soil anomalies in this area. Permits are expected to be approved within the next week or so."
Bad news re kalkkinen exploration/deal dead end.
https://www.moxicoresources.com/about-us-1
Luangwa may excite the market one day.
Not easy buying this aft had to use limit orders to top up now its back towards my av, just >6m now.
Gold/silver/copper prices looking good bets next year or two.
Approaching 60% of the way through 2021 - still thinking it'll be the year that makes tym.
AIMO GLA
All the way back to where I bought first stake, should have sold like easyp and candid. Dont think its the end of the story but was always likely to be a major and rapid move once decision given.
In the 'lose some' category for now.
Sense not prevailing as I expected. As has been shown before tho, sp can recover significantly from these levels.
Just gonna ride it out and see. Lucky sold my ~22p stake for ~20p yesterday so could have been worse at this stage.
Position size takes edge off but agree likely slow progress from here, announcements of direction of reaction likely much more near term.
GLA AIMO
https://mathandling.com.au/news/6245/csn-will-rule-on-friday-on-retortillo-uranium-mine-after-denunciation-of-threats/
Holding and hoping, win some, lose some. So long as former outweighs later over time.
ATB
Just added more - was a struggle as insufficient current funds for high limit order at market size (100,000?)
Like the desicion, and expected to be fair after 2 - 5 mins of this vid
https://youtu.be/GsEPEVv8RCQ
and the copper market developments lately. Short termist frustration understandable as deal likely a ways away now, sp increase much less so tho imo.
https://www.mining.com/copper-price-rises-despite-chinas-move-to-release-more-reserves/
Personally think q2 or q3 2022 may see a move from 4 - 5 usd/lb towards sustained 6 - 8 usd/lb range for copper price.
So delay is a good thing for me.
AIMO ATB
It can be times like these that not selling shares bought ~2p seems a mistake. Did at least derisk but have seen decent paper profit shrivel away.
The time to have sold (i tell myself) was the two ops weeks apart ~40p - chance not taken. Think I remember BG saying something seemingly similar to wishing he held more pre re rating last year.
13p could easily seem cheap within 6 months and my apparent 'failure' (in hindsight & at this stage only) to sell more ~40p will hopefully be reversed by happiness to hold during these tougher times.
Saw a telegram post on different company where someone mentioned in passing - bre ex re an omi drill update - incredible, after id seen said update - some people.
Holding for pound/s personally may be foolish maybe not. Will just watch what happens.
AIMO ATB
Suffered fomo whilst watching and listening (JW etc) to the journey into the 30p's in 2019 but never gave in and bought any, luckily.
In today sub 2.2p hopeful that at some point a similar journey can begin.
Not an area I know much about at all but the hype seemed reasonably plausible last time (to me) - others obviously felt so too.
AIMO GLA
First paid foothold in US - pilot project on the Union Pacific Railroad.
Things appear to be progressing and developing nicely.
Still got my long term hold view and don't see why >£1 can't come in the not too distant future.
AIMO ATB
New advisory board additions including, Tony Makuch - current KL ceo, Tim Warman - ex Dalradian president, John Arthurs - led the first geochemical survey of the Dalradian rocks - yielded the first published indications of gold and the first modern description of the Dalradian structure and stratigraphy.
Can't really imagine a better bunch. RB still not mentioned since the ES holding rns.
Not seen any promotion yet, these guys can turn it on when they want to and many with deep pockets will likely listen and act too.
The people now openly connected, involved with and interested in GAL is coming on leaps and bounds.
JDS - canadian based specialists brought in for "plan to ramp up commercial production."
425k 5 years stock options at ~42.5p distributed to consultants and BM.
Looking great to me.
AIMO ATB
Started buying in this morning sub 9p having followed anr for years, first time ive felt like buying any tho. Compliments my nccl in a roundabout way too.
Another re angle to the pf, at an interesting time.
AIMO ATB
apologies - links corrected
atb
https://www.world-nuclear-news.org/Articles/Resource-boost-at-Swedish-deposit
https://www.wiseinternational.org/nuclear-monitor/860/sweden-bans-uranium-mining
https://www.world-nuclear-news.org/Articles/Aura-seeks-compensation-for-Swedish-uranium-ban
https://www.tellerreport.com/news/2020-03-29---sweden-does-not-pay-compensation-for-missing-uranium-exploration-.rkIX096LI.html
https://www.lse.co.uk/rns/AURA/march-2021-quarterly-report-7fh6yonq9jaak6x.html
https://www.kauppalehti.fi/uutiset/K%C3%A4%C3%A4nt%C3%A4%C3%A4k%C3%B6-Ruotsi-kelkkansa-ydinvoimassa-Jo-puolet-puolueista-n%C3%A4ytt%C3%A4%C3%A4-vihre%C3%A4%C3%A4-valoa/0e91c103-37ec-42e2-9d9c-a990f7e49a4b
Re the U co
They were allowed to explore and build resource of
World Nuclear Association - World Nuclear News (world-nuclear-news.org)
And more since.
Sweden decided to ban mining of
Sweden bans uranium mining | Wise International
The Co first attempt
Aura seeks compensation for Swedish uranium ban : Uranium & Fuel - World Nuclear News (world-nuclear-news.org)
The response
Sweden does not pay compensation for missing uranium exploration - Teller Report
Activist led proxy fight has seen ‘turmoil’ (and major shake up dilution and consolidation) (imo) and bigger fish to fry for a while but the claim is still considered one of the companies main assets.
“The Swedish compensation claim remains ongoing and Aura continues to be steadfast in action to recover the value of the confiscated asset.”
Aura Egy Regulatory News. Live AURA RNS. Regulatory News Articles for Aura Energy Limited Ord Npv (Di) (lse.co.uk)
Meanwhile baby steps that I’ve hope will escalate and eventually negate the claim.
Kääntääkö Ruotsi kelkkansa ydinvoimassa? Jo puolet puolueista näyttää vihreää valoa | Kauppalehti
The situations with both bem and tym cf aura are very different, imo, in that the events have been delaying rather then legislative prohibition so hands not force to same degree, arguably. Personally happen with how KB handling them and his comprehesive response to unesco, the power of patience is slowly switch sides, I feel.
At least the stance upon ‘current info’ from unesco has been delivered….next ‘move’ awaited.
Same theme as part of my 03/01/21 tym posts tbf.
Just FYI
Liked the fennoscandian news yesterday.
For me to easily find – “as at 31 May 2021, there were 597,364,582 Swedish Depository Receipts representing 72.1 per cent of the issued share capital of the Company and trading on the Spotlight Stock Market in Stockholm. The remaining issued share capital of the Company is held in the UK.”
Ta for these
Kallak No1...2006:197 ...valid from 28/06/2006 to 28/06/22,
Parkijaure No 6.....2019:81...valid from 10/10/20019 to...10/10/2022
Parkijaure No 2.....2008:20...valid from 18/01/2008 to.....18/01/2023
Atvidaberg No 1....2016:51...valid from 30/05/2016 to .....30/05/2022
AIMO ATB
....interest returning maybe?
https://money.tmx.com/en/quote/VLE/key-data
Wonder where the cash gonna be used.
Q1 21 results - " With the anticipated sale proceeds of US$15.5 million, subject to normal closing adjustments, plus our March 31 cash balance of US$29.4 million, we are in an opportune position to access meaningful inorganic growth opportunities"
Shallow gas bis sale - "Valeura's corporate cash balance is now approximately US$44 million, and pursuant to the terms of the Sale Transaction the Company is entitled to receive royalty payments over a five-year period, tied to local gas prices and ranging in total from a minimum of US$1.0 million and a cap of US$2.5 million"
44m usd currently >31m gbp, mcap ~26m at mo.
Happy to wait it out now.
https://www.google.com/amp/s/m.uk.investing.com/analysis/natural-gas-what-a-difference-a-year-makes-200480022%3fampMode=1
https://www.severe-weather.eu/tropical-weather/hurricane-season-2021-subtropical-storm-ana-mk/
"the seawater temperatures in the region known as MDR – Main Development Region (a region between Africa and the Caribbean Sea) are much warmer than average"
AIMO GLA
If/when completed - 12/06/21 I'll see it as a very disappointing end to georgian angle. I was disappointed in the deal that was put forward with cand (as posted 26/10/20) and now it will be relinquished for even less.
Struggle on with it for years with copper 2usd odd then give up when it's just hit ath?
Finished derisking at ~4p so happy to just observe the eee journey, glad I did, and still see great potential in the remaining assets here. 3.3m for nam confirmed kbe and dam seems, remembering the 40% copper intercepts and sunk costs, for instance, poor.
Munni munni was binding so will wait until this completes to be sure.
Then focus on and look forward to a positive austrailian future. Wonder how quick cmg progresses now and what comes of the various bolnisi assets this cycle.
From my 26/10 "Hoping for good results from eclipse and positive resolution from MM, (and for this development to not happen).
Still holding ~560k shares (this won't be changing further based on any sp movement south)
Nutshell - surprised and disappointed, without being particularly sure the sp of eee will head too far lower."
Eclipse is looking positive (menzies now too), mm resolution was not (my ufo helps with that tho), the development looks on, sp did end up going a fair bit lower, holding didn't and most likely won't change for a while at least.
Just continuing to record thoughts for later review.
AIMO ATB
https://www.lse.co.uk/rns/EEE/finalised-sale-of-50-interest-in-georgian-assets-edz6l4zp9o26ysm.html
https://www.google.com/amp/s/seekingalpha.com/amp/article/4430814-strategic-minerals-is-reaching-an-inflection-point
12.6m for me so far with a slowly, slowly sub 0.5p adding approach.
I remember July 2020 arb bb regulars were mentioning low volume and apparent lack of interest - just an observation - an inflection point turned out to be quite close ahead (in hindsight).
Remaing patient....still.
GLA
It would remind me of...
https://www.lse.co.uk/rns/KP2/correspondence-received-from-minister-of-mines-aymvl8ofjnr6exv.html
"advises that its local subsidiary has received correspondence from the Minister of Mines of the RoC (the "Minister of Mines") expressing disappointment at the speed of progress on the development of the projects in the Sintoukola Basin and questioning compliance with the Company's obligations to the Government."
Didn't particularly concern me then and I added in the subsequent weeks during sp weakness - my buys triggered by an asx rally.
Then 114 days later.
https://www.lse.co.uk/rns/KP2/mou-to-arrange-full-financing-of-kola-construction-mvbt9962q7i3ukt.html
"pleased to announce that the Company and Summit Africa Limited ("Summit"), on behalf of a consortium of investors and engineering firms, have signed a non-binding Memorandum of Understanding ("MoU") to arrange the total financing required for the construction of the Kola Potash Project ("Kola")."
There is possible bad outcomes for TKGM - no doubt, but looking at the balance of probability, here, just as with the above I think the chances of positive outcomes win out.
Posts/occurrences here just reminded me of slight similarity and recalled my thoughts upon reading of the RoC mine ministery letter and how that situation evolved - fully appreciate the differences swamp the similarities, of course.
Kefi is not just TKGM, anyhow.
AIMO ATB
Been adding today sub 4.2p (around my av) now holding more than at any other time.
Mcap stubbornly staying above ~30m for so long despite incredibly protracted affairs.
Been here for years and happy to wait for years more but happy to 'rebalance' up my exposure to kallak - ever the optimist maybe, but my view of Swedish mining goings on centre on a theme and hope this is one of 3 that goes a profitable way for me in the end, despite the signs and signals to the contrary.
How/why has bem retained the mcap all this time and I'm not up to speed on the % of shares over in Swedish hands at the mo but likely to be a solid majority by now. Iron ore up, bem surviving, alternative assets, further application at kallak and sp pretty low cf to recent years, I was a holder on the run to 16s (and down again)).
Haggan, kallak and stourman - even one of these coming good would likely payoff more than the cost of my exposure to all three but hopefully it'll end up with 3 out of 3.
Aim to slowly add bit by bit as long as sub 4.5p is avaliable.
Thanks to Andy for posting the below recently, just reposting so I can find again easily.
https://affarerinorr.se/nyheter/2021/april/beowulf-mining-soeker-nya-tillstaand-i-kallak/
Bzm went bad for me with iron ore but happy to see how the situation plays out at beowulf (if at first you don't succeed etc etc).
KB has shown staying power - that goes along way for me, personally.
AIMO ATB
Just noticed I'm 11.8% up here. I'm a legacy holder from pcge as posted on the wsbn bb on 23/12/2020 including...
"My forth ever ten bagger (but more now actually), maybe I can view my 97% paper loss next to uppt with a wry smile and think yeah but..."
Feeling a bit of a numpty for not keeping a closer eye on this one.
I'm quite happy to average down normally, company circumstances/fundamentals dependant....if only, lol.
So far my biggest ever turnaround. Think ill hold on a bit more see what happens.
Just shows whats possible.
GLA