Member Info for Flaberghast

Chinese APT just hit $2,200/mtu and doesn’t look like stopping anytime soon. Until demand is destroyed by price or new supply becomes available, for many buyers it will be a case of buy at any price it is available.

“This isn’t 4% tungsten underneath a village, in Cornwall, 500m down. This is, yes, low grade, but multi 10s of metres at surface. So if you wanted to go mine it tomorrow, you could.”

Great line from the interview. Ed obviously much more focused than the company has been in the past. Making sure funds are spent economically with a clear path. Lots of news flow to be expected before a MRE late summer/early fall.

Sold on that RNS this morning. 14% interest essentially makes the issue price at 7p rather than 8p. Why not wait until you have the acquisition lined up before raising funds rather than being charged 14% interest. Back to being just another lifestyle company with costs being too high.

https://www.overend.co.za/download/sens-h1fy2021-trading-statement-18may21.pdf

Don't worry I have been. I don't see anyminers with more upside potential than this out there at them moment.

If you look at CAML's valuation of £250m in 2016 off the back of Kounrad producing 13,500t copper cathode, what will PERE's 11% of Minto be when mine life is extended. I would say you could give a conservative valuation of £150-200m to Minto if the life of mine is extended and Cu prices remain stable - I expect them to be towards $5/lb this year. The current valuation does seem a bit ludicrous.

Rance is owned by NWS Holdings which is listed on HK stock exchange.

Must be another large order in pushing up the SP, £30k bid at 2.36.

Now bidding for 1.5m at 1.79, the highest amount it's been for the last few weeks.

EVx-1 news is disappointing but I don't get what the fuss is about. The company were producing 4,000boepd at the beginning of December without the well being connected at the time and should still be producing a similar amount (not mentioned though today). If the planned drills do coincide with significant gas price increases during their Winter as the company states, it could produce much high cashflow this year which is the ultimate aim.

With oil and gas prices up over the last year the company is in the best position it's been in for a long time in terms of production and balance sheet. There also seems to have been meaningful progress on Paraguay but I will believe it when I see it.

On another note the book has flipped again and Berenberg seem to have got rid of the stock they were selling which means it should be ready to move back up.

Gap filled now at 69p, hence the reason for the drop. Huge amount of volume went through on the bid around 75p which was interesting. I think some may have been short on the basis of a placing and had to buy back the shares.

It seems like none of you have done any research on this company. Today’s news significantly derisks the company by getting rid of its current debt obligations and allows it to fund development of Coringa and bring production to 100k oz. the company is a massive takeover target at this price.

You still fishing around here buddy? Ormonde must have spanked you hard for all your animosity. Unfortunately you’ve been wrong all the way through and now you’re wrong again. Didn’t see you at the AGM btw, I wonder why......

What about November 2018? Every six months it’s like clockwork. They’ll never make any money

When was the last time WRES did a placing?

Hopefully our incessant sellers have run out of ammo. Been dumping 50 and 100ks for as long as I can remember too. Less than a month to production now, NPV of project is 7p at current $275/MTU bid price. The company hasn’t raised cash in 5 years and yet the sp and MCAP are at the same level as they were in 2014. The project’s come in on budget and there’s significant scope for upside from further drilling and underground mining. The mind boggles as to why this isn’t much higher at this point.

884,620 to be precise.

http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=st&SecurityToken=0P0000B3XI%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0000B3XI&ClientFund=0&CurrencyId=GBP

I’ve been using Morningstar but that only shows around 900k for today so I don’t know what’s meant to be right

More photos of the plant on the website

Another 900k purchased in one go on ISE. Some larger trades been going through recently. Only 6-8 weeks to go now until production so interest should keep increasing at this level.