Member Info for Edgein

Skier,

I'm not sure what you want the warrant holders to do. When in the money they'll exercise. If you had the option to buy more at 1.5p or 2p would you take it right now? I sure would. That was the way the company was funded recently. These warrants are bringing in more cash to the co on exercise. When all converted they should have enough for the scoping study as drilling is complete. REE costs will be covered by the US government. In the mean time these warrants give the company enough to avoid further raises at present. If the holders then chose to sell its up to them. With lots more assays coming over the next few weeks and US grant I'll not be selling. In fact given the assets and the small cap I plan on holding these for the foreseeable and topping up when I can.

Regards,

Ed.

Good stuff, these guys don't hand around that's for sure! Warrant money being put to good use! They seem pretty confident of a much larger gold system at Molly.

Regards,

Ed.

Track,

Interesting post for sure! Great to see a giant Chinese company choose Antler/EOG as their first step towards globalization and their current focus on getting commercial reserves. Combine that with Will's recent trip again to EG makes it look like all parties are aligned to get the show on the road asap.

Regards,

Ed.

OWB,

Agreed, what a great way to start the news rich month too! Great grades, large widths and near surface/starting from surface. Lots more assays, MRE and US news all coming in the near term. Looking forward to seeing it all unfold and then progress towards development.

Regards,

Ed.

Anelka,

Great comments indeed, sounds like US want to fund much more than just the PFS! Life of the project sounds like they may be considering development funding at some point too! Interesting that they may also come in for the gallium. Great little interview snippet.

Regards,

Ed.

Essex,

Well a lot of the previous Iceberg/overhang from Tracarta et al has been removed with the recent huge volumes of trading. So it will certainly be interesting to see where they'll get the shares from next time. More likely they'll just have to let it run. Will be interesting to see which news drops first, will it be the flourspar assays or the US grant. MRE for the flourspar gallium might fall after those first two expected news releases. Lots to look forward to at present and a small cap given what is on offer.

Regards,

Ed.

Interesting to see Molly take the lead position in the presentation today, shows where their main attention now likes. Looks like the highest upside given the potential to continue along strike and at depth. I still hope they stick to the current plan of proving up Paranaita and using that eventual cash flow to drill out Molly and develop the low cost cash cow of Pitombeiras.

Regards,

Ed.

Regards,

Ed.

Morning,

Its not a bad project, seems like some of the traders got out in oz last night. It looks like its got bulk tonnage potential and has some decent grade widths in there. So once they get it drilled up a lot more could turn into a very decent project as REE prices are likely to further strengthen over the years ahead. Low cost to begin with too. Hopefully most of the next stages of the project will be funded from big one production with Austral, fingers crossed.

Regards,

Ed.

Loot, true, buts lets wait and see the details of this material acquisition and what it does in Oz and here. Not much speculative buying today when volume is only 172k. Hopefully the acquisition will bring the herd in, lets see more details. Hard to read if a material acquisition at this point means assays poor and its a replacement asset, or assays are mother-load and we'll be swimming in money. Hopefully become clearer soon.

Regards,

Ed.

Agreed guys, even though its been quite a mooted market response to the news its great news to read. Sri Lanka now serious about developing a mining sector that supports international companies and benefits all. Changed days compared to what has happened here in the past. Slight delay but the company is getting there methodically, step by step. Q2 will be here really fast!

Regards,

Ed.

I have to say I missed this one yesterday on the ASX. Interesting stuff over there and the US market reaction to it. Apparently up over 250% on the pink sheets. Could be harts range related, perhaps acquiring a nearby licence holder or some such. As they're currently into HREE, Uranium and Copper it could really be anything along the critical metals area in either Oz or the US, that would be my guess. We'll find out soon.

Regards,

Ed.

Only,

Your first point of call if you're looking to get some at 1.2p is with your broker. I've been in on placings before and if the cash used is from your ISA the shares should be placed in there. But get that clarified with your provider. If they won't allow that you'll be able to bed and isa them as a last resort.

Like Dai just posted some of those high street brokers might have their own terms etc and may not work with Winterflood etc. So contact your broker and see what they say.

Regards,

Ed.

Kewben,

Agreed, looks very likely here too imo. BRES and GMET already have had US grant funding, REE is about to get it too also for critical metals. GWMO looks a prime candidate as its also USA (BRES and REE Africa). Just need the follow up geophys and drilling to be +ve and its game on. Given what they say about the strike length and the historic production from the 40's I've certainly seen longer odds on a miner! Gold assets also provide diversity into another strong commodity too. One I'll be tucking away while its quiet.

Regards,

Ed.

Agreed guys, with the approx 145m volume yesterday, the warrants and Tracarta were the only way they were able to keep a lid on it at 2.5p. Good to get those cleared. £450k will help a great deal now that the drill campaign is over until the US grant is in place. Preparation of the scoping study and the MRE are certainly exciting given the results reported late last year. Looking forward to seeing the quantum of US support in the upcoming grant.

Regards,

Ed.

Nigel,

I guess you are unfortunately guilty of confirmation bias too when you mentioned Excite and heavy oil. but failed to mention Nautical Petroleum and their success with heavy oil. I have to say I disagree as they're now funded for Antler and UK ops, bar perhaps Cloughton which is still in farmout and might not happen this year anyway, likewise Wressle as those depend on council votes. So yes imo more than fully funded at present. Now if they get the option to buy more Antler between now and year end that might change.

Regards,

Ed.

Flombo,

I guess the reason some might be surprised that they would fund everything EG-08 and UK onshore by placing is the fact that they said they had non-dilutive funding for Wressle at the pre-Christmas presentation. Clearly not the case. I was hoping the placing for EG-08 would have been at around 1.5p-2p, would likely have gotten away with that, but probably not in 15 minutes though. I guess the upside is now they're fully funded and the inisti demand is clearly there when they got what they asked for filled in just 15 minutes. Not a 2-3 day bookbuild etc. Onward and upwards I guess.

Regards,

Ed.

Disappointingly low price for the placing given what has happened recently. But I guess if you want to raise £3.5m in 15 minutes that's the way to do it, on the cheap.

Nigel, we'll all find out in due course as observers if ORCA has taken the right path for their future. Polymer flood won't be cheap and it will be interesting to see how effective it would be in the North Sea on the likes of Pilot. But if traditional RBL isn't there at the moment they've probably taken the next best option.

Regards,

Ed.

Rick,

Its certainly worth while to go back and read what the company was up to late last year. They increased last year's flourspar drilling campaign by 70% due to what they had discovered. We now await the flourspar and gallium MRE, according to management the first company to announce a gallium resource number. Also the 13.5Mt of 2.5% is REE is not priced in imo. But since its now getting US backing its another coil to the spring. Good to get the start of the recognition for the REE and the flourspar thanks to the US support but there's more yet to come! There is a lot of assets in our £6.5m cap, we'll find out in due course how much of that will come in the form of a grant! :)

Regards,

Ed.

Rick,

You will also find that they raised an additional £250k late last year (22nd Dec) to extend the flourspar drilling by around 70%. That should have quite the impact on the MRE about to be released.

Regards,

Ed.

Flombo,

Well spotted, seen that one earlier today too and thought of the comparison to EOG's UK assets. Agree its these royalty companies that could be our future backers for full Wressle development and Cloughton too if the councils get their finger out. Will did talk of a Canadian backer and non-dilutive funding etc. Be interesting to see what happens along side the main event. Hopefully get an EG update this Q.

Regards,

Ed.