Member Info for faramog

ATM went off over 6 years ago ,... it has yet to make any real money and has had both investment and a whole load more coming.

Like many, I was pretty disappointed at the dilution we got in shares, but FM and mini-me were dreaming of energy rainbows and positioning as an integrated energy provider. remember that Belco plans were changed and scaled to meet the expected BESS requirements that were largely going to be paid out of free World Bank money. They cosied up to Cyril but totally underestimated how weak he was.

CC was an is right to focus on mining first ... but lets not delude ourselves there could have been the resources to keep and expand ATM. There were not and given that ATM (tin price spike aside) is a year+ from really making any money and that would be over 7 years.

Mining is hard !

The whole of AIM is bleading money ... its what happens in bear times ....

He did not say there would be monthly IM meetings at all .... he said quarterly, and so far, a few days after each Quarter RNS there has been one

Don't be a 'richard head'

From Ryan .... should have a positive effect in time on US steel making

Biden to announce new duties on steel and aluminum from China

ON APRIL 17, 2024 BY ALANPATRICKRYAN

President Biden is expected to announce today that he will triple some tariffs on certain imports of steel and aluminum from China. The product tariffs, which are now 7.5%, would increase to 25%; these items were not initially included in the Trump 25% duty. He also wants to work with Mexico to block Chinese steel from coming through Mexico. Other Chinese products will also be subject to higher duties.

Biden’s announcements will be made at a USW convention; the union is pressuring the Administration to take action. The effect of the new duties, however, could result in higher prices—and inflation. However, Chinese imports are an easy target.

Its what you left off the calculation that was dim .. but as you say .. each to their own

No TB .. you didn't ... I just laughed privately with some other folk about your dim figures and what you missed, assumed and frankly made up ... but each to their own .. and no .. I won't be sharing ...

Keep up the entertainment though ... I am so depressed ... its all failing ... we are doomed ...

In the end .. we are past a certain point .. either CC has done enough and it flies .. or everyone looses their shirts .. go sell .. hold .. just stop whining about it

Awwww ... bless ..

meanwhile .. should not be long. Last years Q1 was 27th April (so next thur maybe)

You say nothing new .... it has been clear to even those with only 5 brain cells that the situation is poor and requires Vanadium pricing to rise .... you are just a broken record

Why are you here TB ? .... all you do is moan

Two trades totalling circa 30 quid at 1.0p .. talk about being walked down !!!

I can only hope that I am able to free up some investments early enough to buy in (earlier than planned)... the drop seems based on asset valuation changes in property from the little I read... but the income is not just 80%+ (and arguably higher) guaranteed, but index linked and partly incremental on supermarket profits ... which just went through the roof.

Not sure I see a lot of risk here if just wanting income, or to re-invest the dividend.... please don't recover just yet !!

Which is I guess why CC has rather stated clearly that he is not interested in it .. focus and concentrate on mining

But hey ... you keep adding value ... red crayon next time

And this is a buried link banging on about how Elon is worried sh&tless (yeah right)

.. https://secure2.angelpub.com/o/web/697521?_gl=1%2a1upky29%2a_ga%2aMTUwMjM5MDE0MC4xNzEzMTk2OTEw%2a_ga_EC9PKLT0JS%2aMTcxMzE5NjkwOS4xLjAuMTcxMzE5NjkwOS42MC4wLjA.

Well @TB .. lets see your calculation for $40 AI costs then ... because I don't recall that ever being the case

Yup ... lots of factors... and the west's general economic malaise is not helping.... no sign yet of an economic boom again. Needs a lot of infrastructure growth to drive it

Or a few big flow battery orders needing electrolyte .... cannot see Belco being anything but shut down at the current rate

Good .... what would it take ....

Arguably the range of Costs are around $26.5-28

A BMN attributable production out of 5,000mtv of 75% of that (half of Vanchem will ultimately be SPR's) gives circa 3,750mtv

An av sale range of $40-$45 gives a margin range of $45m-$70m

A PE range of 6-10 (historically low in mining) gives a target price range of 8.0p - 20.5p (less when you take any other/royalty costs off)

As Craig said in a previous IM, at $40+ the company literally prints money

So yes... so long as there is enough cashflow to keep going until Vanadium pricing rises substantially again ... every change of 14p and more

Good news from Sainsbury today on profits ... without re-reading, I seem to remember that rents had a floor but also an index to profit... so good news and a nice bit of blue today

Noise !

A friend just pointed me to this .. interesting read up... like you @Fincent, I sort of question where the dividend was. But it seems still quite early (perhaps a year or two away yet on first glance). But their website rather makes the strategy clear:

https://tridentroyalties.com/about/strategy

"Trident believes that the acquisition and aggregation of individual royalties and streams has the potential to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio, including diversity as to geography (lowering geopolitical risks) and commodity exposure.

Once scale has been achieved, the Company expects strong cash generation to support an attractive dividend policy, providing investors with a desirable mix of inflation protection (through exposure to commodities), capital growth and income, with returns enhanced through conservative levels of leverage."

Thanks @HC .. cash operating costs up 16% year on year ... and it is the 'excluding royalties' that also raised an eyebrow !