Member Info for Dcat80

https://www.argusmedia.com/en/news/2202773-higher-costs-demand-to-boost-china-tio2-prices?amp=1

Good to see Trapia getting large portion of the planned drilling. Previous video presentations from Valore team show that target as having great resource expansion potential.

Agreed, most the overhang gone now. Few more sessions similar to those in last week and we should have a good break out on. I know at least 2 new investors have taken sub 8p as a chance to get openers to add to as and when funds allow so there’s a silver lining

SM- was good to talk yesterday. Sticking just to the iron/vanadium is much easier with full NPV as the Capex, opex costs etc are already known from the released PEA.

Projects with such low Capex both actual figure and ratio to NPV, plus high IRR are extremely rare. They command a much higher valuation to NPV than projects in which risk of financing is much higher. 50%-70% of the project NPV is in my experience fair value for such projects. On current PEA that’s 15p-21.5p. Q2 PEA will add considerably more fair value just on the iron/vanadium concentrate. Then we have the Tio2 which we expect will be the most valuable aspect!

Obelix - if you want annoying. I originally tried transferring back in September, however the company i earned the pension with were transferring between group pension providers at the the time. Took 3 months before that was complete and I could apply to have the transfer to my SIPP started. My portfolio is up 200% since then due to gains largely in XTR, but with both Jan and Arcm also performing well. Timing rarely works in ones favour!!

2nd £1500 isa top up dome today, reason - finally been told by Willis they will begin disinvesting my assets and transferring to my pension. Took 11 weeks, buy yay ??

For me it’s a company pension I accrued at a previous employee which I am transferring into a SIPP. Current SIPP provider has a form you complete and send to them with details of the pension you risk to transfer into your SIPP. They’ll then contact the company your other pension is with to start the process of transferring. It should take circa 4-6weeks, mine has taken over 11 weeks which is why I’m quite irate about it

Good thanks Obelix. Just managed little £1,500 top up with this years ISA allowance, hoping pension gets finally transferred soon for a larger one, very frustrating waiting at these prices!

The 62% is the iron content of the iron ore.

Iron ore prices vary dependant on the iron content. 62% is the standard, with higher prices paid for example for Brazil 66% fine iron.
Link below shows some of the differing prices dependant on iron content. I think it has to do with the type of iron ore (there are 3 types).
https://www.metalbulletin.com/Article/3982018/IRON-ORE-DAILY-Prices-fall-on-drop-in-port-activity-weak-rebar-prices.html

SM - as discussed elsewhere my licence for Microsoft Windows has expired and as I’ve not used my laptop in over 4months haven’t plans to do so. As such makes it harder to follow.

Recovery rates seem low though. The magnetic ore contains 95% iron, where would the missing 40% go? I suspect you’re using a rate more akin to gold/copper where the commodity is a tiny amount of the ore and therefore prone to being discarded with the waste. Same to a lesser degree with the Tio2, at 33.75% (ilmenite has roughly 50% Tio2 content so the non magnetic is probably circa 67% ilmenite). Really isn’t something I’m an expert on myself, your attempt at a model goes well beyond my attempts with all the details!

Great to see someone else trying to run some numbers, no chance we’re going to get it spot on and neither of us the experience to do so to high degree accuracy, however it all points to this being a highly attractive project and in my view at least I think PIs should make such attempts or you might end up on the wrong end of a poor economic study and only have yourself to blame for not at least trying as part of your due diligence

Full RNS history is available on the RNS tab here in lse! All there. The only negative recently is director same of 2m options, however thats almost certainly nick needing funds for a Zambian company applying for license in Zambia (part of Arcms licence that needs splitting, they actually applied for part of the licence day after his Jan shares sold...)

BF - not sure if it’s them or Willis Towers Watson (where pension is transferring from) that are dragging their feet. 4-6weels was the guidance, I’d suggest chasing them regularly to at least get updates.

Well I’ve just told HL they’ll receive a formal complaint if my pension transfer isn’t complete by end of this week. Looked back at correspondence and it was 11 weeks ago that was requested with a 4-6week guidance given. I’m certainly not the only one looking to add a chunk, just annoying the seller keeps selling below bid dragging us lower in meantime

Look at the trades and times, everything 7.64p+ is a buy, anything below a sell.

235k sells 300k buys today, more buys than sells Thursday. Yet down, genius selling 20% below recent placing and 35% from highs.

Average

Yes and no. They decide to buy or sell investors blocks of stock at different SPs. If more sells than buys occur then they are effectively holding stock, if more buys than sells over a period they are effectively short, it’s when they are short and buys keep coming in we see MMs really start playing games such as constant n/t to buy- they want to wait until sellers arrive.

What MMs were prepared to buy off sellers at lower SP.

DS - my guess an MM. took out the support and have the excess to sell now.

O&W might be more correct on Zambia than fodere. Licence changes going on there and directors might be taking positions in licence going out of Arcm direct control (like when Zaco was calved, with Arcm retaining interest but smaller and friendlies putting in money - perhaps to later sell back to get round licence rules)..

Explains why we moved down and overhang of stock beyond the published trades.

He won’t be able to buy into Arcm at the moment as he’s front and centre of the discussions with Anglo American, maybe funds needed for him to participate in fodere funding like Jangada did? He’s chairman there and has probably been locked out of selling his options here until accounts were released.

If it doesn’t spook others into selling it should be good time to buy, just unfortunate selling was when overall market is weak!!!