The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I'm trying to see what this company has to offer...their initial revenue is to proposed to come from processing old debris?
And hope to have a copper find but that's to be evaluated as it is inferred and indicated but not measured?
There's been no real progress since 2022 except for waiting on a permit?
So where is the substantial value proposition?
While it is great to have a 'globally unique' find, what does that mean? What is that actually worth? The world has been surviving on flows of 0.5% - does that mean there is not that great a demand for it or if there becomes an abundance, does that diminish the value of the find?
I'm not trying to de-ramp or ramp - just curious as we don't have a quantified market or market value, which is after all what we all need?
Interesting article on the legal framework for Mining in Tanzania.
https://www.dlapiper.com/en-ma/insights/publications/2020/08/africa-connected-issue-4/6tanzania-mining-legal-framework-overhaul
interestingly the up to 4.7% has changed to a definite 4.7%.
there were no caveats or 'let's see', to me it's a 'holy **** we have to get this moving' play while looking to the future drilling program and making the 'transformation' to a big company with revenue streams.
very clear. very precise and a very good interview.
It is not in the MM's interest to let this share rise before any further news, in fact they would want to depress it to the floor if they suspect good news...before that news arrives...
The only question I would have is that if the company didn't think they had a viable commercial find they'd have no need for a further £4.7 million - would they?
Surely, it would be wind down time?
For those without a subscription..
https://archive.ph/Yqf74
Reading between the lines. Commercial existing wells had background levels of helium at 0.05% to 0.35% and Noble's recent well in the same area gave 2.46% which is considered huge.
This well has come back at 4.7%.
"...one that will aim to achieve commerciality at the earliest opportunity."
The RNS was very carefully worded. If there was doubt it would be limited to "evaluate the samples to assess its commercial viability" or words to that effect. Her statement tends to imply it is moving to commercial status as soon as they can without an 'if' ...
But isn't leaking they're unhappy about not having a friendly takeover basically announcing they are making a move to takeover 888 (whichever way that might happen) and as such isn't the share price going to rocket on such news and defeating the object of trying to obtain enough shares on the cheap?
Alternatively, they have already obtained the cheap shares...and are waiting...
After a bumper year, there are now a record 14,690 aircraft on order...
https://twitter.com/Jefferson_MFG/status/1729162375381541080
Https://corporate.888.com/news-and-media/latest-news/appointment-ceo/