Member Info for ENGLISH73

Positive results of the new well, one well offline waiting for a work over and they've already spud the next so results should only be 6/8 weeks away.

$26.7 mil in the bank is more than a ⅓ of their MCAP.

A snippet from an article relating to the tungsten shortage.

"China mines 80% of the world's tungsten, and its traders are still cold-calling American scrapyards offering five times market price for worn-out drill bits. The U.S. hasn't mined the metal since 2015

Selling scrap metal has never been a glamorous way to earn a living. You weigh in worn-out drill bits, dull saw blades and chewed-up milling cutters, somebody pays you by the pound, and everyone gets on with their day. But since early 2025, American dealers sitting on bins of old tungsten carbide have been fielding offers that sound like prank calls. The buyers are Chinese scrap traders, and according to a Financial Times report picked up by MINING.com this week, some of them are offering up to five times the normal market rate for material that used to move as junk."

Oil down on ceasefire, not sure if it'll hold up though, Israel doesn't want to comply.

https://seekingalpha.com/news/4603178-israel-not-bound-by-lebanon-clause-in-us-iran-deal-netanyahu-tells-trump?mailingid=46151234&messageid=2900&position=rta_news_bankrate_adrotation2_main_0_title&serial=46151234.12872&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=46151234.12872

Possibly IC - 2 well results this week? Fingers crossed it's good.

Those participating in the raise only received half a warrant per share exercisable at 80c for 24 months. Other explorers have had to beg for finance with too many free warrants/a raise at a heavy discount.

$100 million raise shows the confidence in the project.

Still quite a disconnect between the UK price and Canada, closed yesterday at 58c.....31p equivalent.

Flow rates for the next well should be soon'ish. 2026 has been successful to date.

Equivalent to 29.5p in Canada.

I'm looking across at other companies in similar positions (resource size & metals etc) and we're valued significantly less.

MCAP far too cheap for the progress achieved.

I concur. I've been in this for 3/4 years and am surprised more interest hasn't been shown with the uptick in mining projects of late.

Investors will get good exposure to a mix of projects etc. Broker had a price target of 234p I think.

There's such a value disconnect between MCAP and the asset, particularly compared to similar explorers (Tungsten West etc).

Market participants get bored, move onto the next hope etc

MCAP/share price doesn't change the resource they have.

USTDA supported Altona with £1.875 mil to prove the resources were there.

Follow the smart money!

Absolutely. Now less than £12 mil MCAP for a proven REE resource with recent MRE. The demand for rare earths is only going to strengthen.

Interesting article about Germany looking for minerals in Madagascar so as to negate the Chinese grip on supply. May shine a spotlight on other projects there, particularly Harena's ionic clay REE.

Demand isn't going away.

https://africa.businessinsider.com/local/markets/germany-turns-to-madagascar-graphite-as-europe-seeks-alternatives-to-china/8lfqlnb

Another great drill result. Unsure how this company is so undervalued, they don't seem to put a foot wrong.

This raise should renew/refurb the existing plant and put them into production. If this is producing by Q4 2026 there's plenty of upside.

I can't remember if they've defined what the capex requirements would be for either mining the fluospar or the gallium, any ideas?

Based on the MRE annual figures for acid grade fluospar production it's potentially €21 million pa sales.

I think Mateguafa HZ12 well should be producing soon, hopefully we hear something next week.

Ok, I thought they'd meant to post elsewhere. Strange wind up...just looks silly and uninformed!

I was just comparing to Afentra(I hold) who are producing approx 6300bopd and are priced at £180m mcap. #axl is so cheap compared to its peers.

Are you posting on the wrong chat group? Why on earth would Arrow do a placing? They've just added $6.5 mil to their balance sheet in a month, read the RNS.

Oil is up overnight.

$6.5 min added in 1 month whist funding the drill campaign... absolutely belter of an update.