Member Info for Early_Bird

In my humble opinion.

£18.5m Mcap @ 3p

$4m in cash

1100boepd NET

An array of other assets, further production coming onstream from East Selva next year.

We have two more drills on the new asset that we're waiting to hear from which may also add to the current 1100boepd.

on this appointment (financing).

Crazy we have $350m NPV (based on just $1280/t Graphite pricing - likely to be nearer $1500/t )!, Capex to build the mine at just $35m and will be throwing off over $60m ebitda pa, they are in advanced stages and this is only valued at £14m!! You have shares on AIM that have no proven asset and just a few drill hole results that are ramped to this sort of Mcap… Crazy value disconnect and it has to close at some point. Fair value atm £50m+ and multiples of that post financing.

£45m Mcap with £25m in cash
Two advanced tier one globally significant Ni Assets

Those that sold today sold at the bottom of the range(!) oops

big 3-6 weeks coming here with DFS and other pieces due.

matters not really, in it for the long game as ultimately this is headed one way... Id expect Nickel to start bouncing soon, looking very oversold here

not going to lie, news blackout.. im sure theyre busy but SP is going backwards yet they need this over £100m for financing...

Elsewhere on AIM total ****e is flying

There is a big buyer lurking IMO, sells are drying up here but the small sells there are get mopped up straight away.

On DFS and binding offtakes id expect 7-10p and that due 4-6weeks.

Then add multiple on that on financing, only $35m capex to fund vs throwing off $60m FCF per year initially, it wont be hard to fund.

still churning huge profit at these BTC prices and by my calcs seller must be on dregs now

for me here

PJ no longer no the board, critics no longer have anything to cling on to now. Replaced by finance manager who worked at JP Morgan & UBS

? NPV of US$349m and IRR of 122%
? 1.2 year payback on $US35m capex after tax
? Based on conservative basket price of $US1,272/t
? High-quality graphite product confirmed
? Potential to increase throughput as mine life based on conservative assumptions.

Direct listed peers trading £40m+ eq shows the headroom in the upside between now and DFS/binding offtakes (4-6 weeks!)

£50-70m on DFS

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no volume with sellers smothering the stock. Would think 5p is the floor here, its where the gap fill on the chart needs to fill so just needs a flush

There are two sellers working looking back at holdings rns's which I didnt appreciate at the time..

Depressing as it is they are smothering the sh*t out of this stock

£400k-£1m stock still to be offloaded by my calcs, volumes drying up so 5p looking likely now unfortunately.

How low they going to pull the SP?

See thread:

https://twitter.com/SimonSaint3/status/1194367571895767041?s=20

Good luck to them finding anything quality then!

Including Graphite...

https://www.ft.com/content/3723f12e-0549-11ea-a984-fbbacad9e7dd?accessToken=zwAAAW5gW2oQkc83I_EuBUkR6tOphPu6ytnn3Q.MEQCIBo3b1M6oaDR_7-poPRDsYdE_yOiiP7tKWi95d4sJL6FAiBHgmvub-gF4izfQXXKp_Q4IdZdCX-Ts3jIsKd45kQ9Lw&sharetype=gift

https://www.ft.com/content/3723f12e-0549-11ea-a984-fbbacad9e7dd?accessToken=zwAAAW5gW2oQkc83I_EuBUkR6tOphPu6ytnn3Q.MEQCIBo3b1M6oaDR_7-poPRDsYdE_yOiiP7tKWi95d4sJL6FAiBHgmvub-gF4izfQXXKp_Q4IdZdCX-Ts3jIsKd45kQ9Lw&sharetype=gift

via @financialtimes

Its the Stainless steel industry that our most advanced asset is supplying, which is growing 5% year on year...

Seen it so many times when its quiet people talk themselves out of their investments only for big news to land weeks later SP does 2, 3 4 x...

Patience and conviction.

Joke will be on them soon.

Tons of newsflow due(!)