Member Info for Doorstop123

Interesting that majid name dropped longboat - who were rumoured to be the farm in partner last year

Same pattern both times - 6m shares issued followed by weeks of bit by bit selling and sp falling about 30% gradually.

In fact, exactly the same number of warrants were exercised on 1st Sept & 16th April - one out.

My guess would be that one of the institutions who had some of the free warrants have exercised and subsequently sold in two batches.

Someone with a bit more time may be able to work out who had c13m of the free warrants following the warrant re-pricing

On 1st sept 2020 c6m warrants were issued and this was followed by a gradual drifting of the so from 5p to 3.5p approx figures

On 16th April c6m warrants were exercised and since this the sp has gradually drifted from 11p to 8p approx

Coincidence? Following the drift down to 3.5p late last year, and presumably when the selling of free shares had ceased, we saw a healthy rise all the way up to 11p

Only ask as the ‘German govt wouldn’t like Chinese control’ issue has been raised a few times without much back up

Could the German govt have a say if all the mining operations are going to be on the Czech side of the border?

Why would the German govt intervene if this lithium was needed by Volkswagen et al?

If we get the 0.68p annual divi as per the broker report then that’s still 8% yield at the current 8.5p sp.

With plenty of scope to increase the divi as production increases and the payout ratio moves up to 40% fcf the sp should be very well supported at these levels - if not even higher towards the 11-12p range.

Possibly stuff like corporate costs (listing fees, accounts, audits etc) + senior mgmt salaries to come off noi too

The 8m is Canadian $, I think

Looking forward to the TSX trading today & in particular how much interest there is around these price levels

Picked a few up at 7.85p

Currently valued on TSX at 2.3 x net operating income and yielding c8.5%

Mcap less than the value of the tax offset losses too... fingers crossed for a sharp rebound in price soonish

8% at 8p I think

Trading at c3x cash flow and offering a7.5% yield, I think the dip will get bought in to.

Plus, of course, all the expo & appraisal upside

Spreadex have just, very kindly, and for no apparent reason, closed half of my avct long position - was only a bit of fun but bit strange of them as plenty of funds in the account...

So far in q2, I approximately calculate the average Wcs oil price to be about 20% higher than the q1 average.

Which should make a substantial difference to the bottom line figures should this % price increase continue.

Wonder what effect this may have on an egr ipo - which is due q2?

Lombards are one of the loan note holders

Open price 275p

Does across Europe include UK , I wonder?