Member Info for ENGLISH73

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.

Seems a little rushed all this selling, nothing much has changed since yesterday.

A very good MRE has been released, the numbers back the project.

If you compare those numbers to similar projects(mentioning no names!) the asset in the ground and IRR for a mining project are phenomenal.

I just saw the interview, 42 wells and only 1 failure (converted into water disposal well). Hugely unvalued when oil was $65, but at $85/90...just printing money now.

Also there's some really good prospects being drilled this year, with no debt.

Great results, particularly the debt reduction. I think this could really push on over the next 12/18 months.