Member Info for fulmar29

2 or 3 years ago I suggested a couple of times a central processing plant with rail /roadlinks/processing (all solar /battery powered) with multi-benefits to local community.It doesn't seem so far fetched now.

Or there is the Voisey bay scenario ?

Like a said,it's definitely a scenario,but for me the extra drilling is for them to justify to the BoD/Shareholders the extra price they might pay-not for splitting up what could be a mega mining area in time.One possibility may be they buy xyz and then buy an option on the other areas-loads of scenarios still possible,even a "no deal"-but that's looking less likely each day

I'm close to that scenario Kully,but I don't feel that AAL (given the opportunity to avoid it)would want to have other miners right on their doorstep. Won't be long now and we will have a better idea

O+W I bet you wish you hadn't asked.
Kitco report--"Running out of ore
Why are major mining companies so intent on securing new supplies of copper? Quite simply, they are running out of ore.
As we have reported, without new capital investments, Commodities Research Unit (CRU) predicts global copper mined production will drop from the current 20 million tonnes to below 12Mt by 2034, leading to a supply shortfall of more than 15Mt. Over 200 copper mines are expected to run out of ore before 2035, with not enough new mines in the pipeline to take their place.
Some of the largest copper mines are seeing their reserves dwindle; they are having to dramatically slow production due to major capital-intensive projects to move operations from open pit to underground"

The bottom line is that there is not enough Cu produced or even going to be produced to meet the intended targets of global requirements regarding EVs and Wind farms/green energies. Investors should look for well managed explorers sitting on significant world class deposits. I wish I knew one !

The copper content per installed wind turbine is 2.5–6.4 tonnes per megawatt, as follows: Generator: 0.7–4.0 tonnes of copper. Cabling: 0.7–1.0 tonnes of copper. Transformers: 0.7–1.4 tonnes of copper.

https://www.woodmac.com/press-releases/global-wind-turbine-fleet-to-consume-over-5.5mt-of-copper-by-2028/#:~:text=Global%20wind%20technologies%20are%20expected,copper%20pear%20year%20to%202028.

South Korea is building the world's biggest offshore wind farm
The $42.8 billion project is part of the country's aim to become carbon neutral by 2050
China/Usa/Korea all building the worlds biggest windfarm-the Chinese farm was going to use the equivalent of 2020 world Cu production-it's gonna get silly

1.Caleb onto the BoD 2. Rothschilds appointed 3.Options surrendered 4.Placing ? 5.Changed accounting reference date
6.7.8.??? For those not lucky enough to have had a "join the dots" book when you were a kid,this is one of the easier ones.

@Rock-Housekeeping.Methinks

was nice to see Seis,thank you,and our BoD could never be accused of inconsistency-that shows the story and strategy hasn't changed at all.

"but NOT given"

"at long last" tom- have you ever held mining shares before. Did you make your last million quickly ?

That's just being ridiculous Blood everyone knows all unicorns can fly,and don't need rockets- at least keep it real !

Oi pack it in,I've got more to Bed in an ISA next week !

Yes agree Pro. but the same future dilution would have been felt if he had awarded himself options,but gave/lent the co. money when it was needed-so not to dilute at an earl stage, and hopefully when he cashes his warrants it will be 1.when we need more cash and 2.Hardly noticed sp wise because the Mcap will be well advanced from where it is now

JB-if there needs to be dilution to achieve growth,then I feel that it will be a specific and targeted placing which will increase the sp,because it will be in order to create even more cash. George is pragmatic and his talk of a $2b co. are sincere

Wow-I have competition for chief cynic :-))

And cash flow positive (2nd Qu. I believe) means GB won't have to dilute his own shareholding (and ours) to raise cash .And if you wanted any further proof of his intentions not to negatively dilute,just look at the loan he made 25/2/20.