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Gray Graham -“ I can imagine Henrik and Andy walking around with their Velocys name badges on and no one had a clue who they are. “ maybe they need your fundamental report you put together and put you in the references to thank you?! (I’m just messing around in case get sensitive about it).
I don’t know about others here but I didn’t and don’t believe first mover means sole winner. There will be different processes, demand, costing, relationships alongside many more…what’s the most important aspect above all is that it’s a proven future fuel and can be financed.
Competitors securing bond financing only strengthens the case here, doesn’t weaken it.
Securing financing in the USA is significantly easier than the U.K. so really not sure what the issue is that makes it negative?
Beermeister for me it’s about the bod getting off their backsides and creating market value. They seem incapable of doing that currently and really need to buck ideas up.
If they do not get someone on board that can harness value then it’s just shareholder destruction at least in short/medium term…
Genuinely without some sort of govt involvement, tie up with someone else we feel like a sitting duck.
Unfortunately steeple this is where I think znwd has gone drastically wrong. They have taken way too long with everything and they’ve not ascertained any partnerships.
Vw is partnering with a Canadian mine, we’ve not even had any chatter regarding autos or other mining companies in the area….or even some notion of govt involvement.
The board seem to be taking this idea of slow and steady but all they’ve done is burn cash and look like a project that’s great but years down the line…so why would investors rush? They need to buck their ideas up. Even 40% capital raise via equity cannot be done at these prices.
Before they do any capital raise they need some support from govt and local companies including offtakes.
Really need to buck their ideas up.
Bluegrass it’s interesting there’s a load of Focus on esg (funds having To compete for assets) but then everyone acting like fracking is a done deal!
To get to stage of fracking amount of hoops, epa and other risk assessments to go through, it won’t even get passed the esg print let alone any air time!!
Funny isn’t it, a normal ramping higher day would have posters going on about “11p paid” and “there must be news” ….now everyone just hoping we can have a run higher after the battering has stopped!
Tbh m&g the fund I believe this sat In, performance was woeful so the rise makes sense with them out!!!
X-brat “ Do you honestly think that a participation in a conference will have a material positive impact on SP?” - don’t think anyone should at least not directly but it’s a great marketing tool and puts vls on the map. There’s of interest and business developed at these type of events.
The only thing you can categorically say here is that it’s positive even if v small but not in the slightest bit negative (like all your posts!!)
It is a positive rns, but you’ve highlighted the issues. $300mn fund raising, from where? And potential outright buyer only works if we can actually sustain a price move.
The point of local jobs and Taxes is is great IF we have some sort of govt involvement. You look at “domestic” projects, most are getting some grant or some form of funding even if relatively small via govt.
We have the product we have an inept team that I agree with johns comments, would rather find a buyer than do any heavy lifting.
I cannot believe there has not been a single mention in any RNS regarding even discussions with Eu or local/national govt.
Shareholder of znwd? Have ~350k units here.
Thought I was being really smart when took capital loss and moved into my isa thinking this was going to be the one that moved the quickest…but nope kept going down and progressing worse than a donkeys pace!
Thanks Mo, Great post and wish you and wife a speedy recovery.
The green energy is where the stock can trade in its own “technical” bubble whilst I don’t have this confirmed my understanding is Cl is going to be “greener” ie net negative v Brit?
The reality is they cannot sell off much the company at ipo no point diluting everyone heavily for not much cash, hence I really think a high valuation with a small piece carved out is sensible…..
Genuinely I’m wanting £400mn valuation with 20-30% carved out…I know it’s aggressive but anything £200-250mn is too low Imo. Victoria plumbing got £850mn valuation in 21!!!
Mr C think you are just reiterating my point - he might be “smart” for his benefit but reality is if you want an underperforming company, underperforming stock and to face capital raises and bad negotiated deals? - then yep reckon his involvement is your go to!
Otherwise avoid.
Hi Valuation, i mean full tie up as in cusn and cl becoming a combined entity in way of share swap or cash injection etc. whilst I view that is something on the cards in the future, it’s not something I see anytime soon.
I agree re end product, there’s arguments for both at the moment, suppose Cost and timing will play a critical role.
Hmg might be involved in the off-take to make sure it’s for British firms only or building up reserves…but it’s clear truss wants to be open for business and foreign investment. I expect We have a Labour cloud coming re nationalisation again for power and water companies, this is small compared to that!
MO knows his stuff and seems pretty close so if convinced dle extraction then seems logical.
It’s really hard to assess it all, I had been thinking about extraction and feasibility before processing and £400mn plant is expensive, maybe that shifts back to hydroxide as much cheaper?
I’d love anyone else to come up with an ipo valuation?
The tough bit here is cl ipo and valuation, my personal view is any tie up with cusn is a long way off.
My larger holdings are cl and I have sent several emails making it clear I do not want this going on the cheap in a weak ipo market. That goes for any tie up also.
Cusn is £105mn market cap give or take, where does that value cl? The last capital raise last year was done on a ~£83mn valuation and techmet bought two tranches averaging the 16p, but the last piece was done at 20p making the value when granted in November 21, £105mn.
The q here is how much is needed to fund to production and what valuation can cl get to at ipo to lock in a lot of that funding?
My personal view is that need to bring in about £100-120mn.
Struggling to take a view on size and pricing on the ipo valuation. I’d imagine tech met will want to keep their same % which prob means a high valuation and smaller % sold. All very positive.
Cl has doubled every capital raise year on year in July. So using that alone gets you to ~£210mn valuation but doesn’t account for li spikes or potential/growth/resources of company already.
If pawgee is even close to those revenue numbers then this is worth billions once producing.
Iv kind of got to £400mn valuation, sell of 20% you get £80mn new money in and techmet can easily fund their price for same %.
Don’t think 2x on the £210mn estimate now is unreasonable?
Hi Jim/John,
It’s very hard to disagree with any points you both make. The hardest thing is ever selling at a loss as normally I would add if I had actual faith in a company.
The issue is 20p was reached by speculation and hope of where this is situated. We were also at peak qe so current levels are actually prob more accurate.
I won’t be selling because the drill results are around the corner. But I look at likes of cusn and if you asked me where I get 50% return from here in a shorter term..that’s where I’d point to. However I find it very hard to sell something I feel has bottomed.
I feel you are both right, emh needs to prove it’s own side but at least if it can the chances of a tie up
Increase dramatically. That’s right now the only thing alongside drill results I can sit back and wait on.
If I ever see secker involved in anything going forward I will not touch. Whilst I’m not saying he’s the driving influence here he’s just deeply unimpressive with way he runs a company.
Morning John, iv tried re-reading the rns for anything even remotely positive to think about. It took till July to start drilling & We have a huge reliance on the feasibility study ….for the end of 2023.
I mean since Oct 20 I don’t actually understand what the board has achieved here? They are clearly getting paid to sit and do nothing, are they even focused here or minds elsewhere?
I hope I’m wrong but why would anyone bid for the company here, maybe the drill results yield a positive picture in the coming months which will boost the sp but then what? They hardly seem competent of getting a package and investment together that doesn’t involve leaning and hammering us pis.
It’s not just the potential production that’s positive but also do not underestimate the agreement with Rodda.
If they can successfully decarbonise rodda through geothermal lithium and heat produced we will be a negative carbon producing company. None of the others have the same potential claims and This will be standout for Cornish.
Exactly mafioso, they have sufficient cash and I cannot see them doing a placing to fund mining business. I would expect the sensible option to focus on recycling business and get that cash generative before you even consider worrying about exploration.
Only reason I’m less hopeful on plants becoming operational this month is that the U.K. can’t even run an airport at the moment therefore just don’t believe anything anywhere is on time!
Not really sure what point you are making? End of qe has smashed everything and financing very difficult for anyone that’s not blue chip. Even then their cost of debt has gone ridiculous that m&a isn’t happening as a result.
I’ll stick with this, let the company develop and if have
To inject further funds at a discount I’m prepared to do so.
Quite a few warrants got exercised at double this price so that’s injection of cash already.
It’s a tough market to be in, but have to ride it out, know why Iv invested here so will hold on.
R.ball I think that’s the reality for most of us, selling now means you think this is dead in water.
I have decided it’s too much hassle to time a market, the market has been smashed due to global macro, impending recession but above all….end of free money/qe. I’m going to sit out and wait on my loss here.
There is still money out there and it’s hugely selective, znwd that should have been up the list is actually way down it because as John said….board doing so little, cfo useless to take advantage of funding markets when they were there etc. they are collecting and happy to do so it’s been same ever since bcn owned this with deutsche lithium.
I can only see us rallying when global markets do, as funding for all these firms is so far out of reach unless they are actually closer to producing or got a mega resource that can get to producing quickly and efficiently.
All znwd has for it right now is where it’s situated!