Member Info for fulmar29

I agree cad but he hasn't yet definitely stated that the PP is to be rebuilt @ Phal ,IF/when he does we can then start extrapolating the sulphate price and maybe ramp "production" up a bit. S Korean offtake also sounds interesting, but I can see the US being pretty greedy for the finished product

I'm not sure what criteria the broker note takes into consideration ( had a quick look and cant see the detail,) but one thing is for sure that it won't account for the Pilot Plant being dismantled (we have been told it will after the 350kg production) and put together at Phal (maybe upscaled) to run along side the construction of the new plant IF that happens. George's comments recently (he's known for not over egging the omelette) MAY indicate that the "de-risking" he talks about are well founded .

What it says to me is, "if you want Verm come and get it now" as we are able and willing to finance and develop it ourselves and then it will cost 10x what it is now. JV with a minority free carry for us is my bet.

Yes Retter promoted,but strengthening BoD and maybe a message to potential suitors ? who will be circling....!

MacKenzie ex Anglo and involved in mergers Retter involved in "reverse takeovers, IPOs and secondary fundraising." Hmmmmm. Fidelity will have known this was coming and still bought, does it indicate a direction ? And if so where to ?

If it is a co ck up,it's convenient-funny how many times I've seen it over the years,and it always happens at the end of the day. A convenient conciliation mistake !

Doubt it will hold there on Mon,and it will look like it has dropped but it won't have. Would love to be wrong but have seen it many times before and has always dropped back. thought it's MM games hitting stops and encouraging sells-

Fidelity International -separate holding 4,459,248 0.88774 823012 - 30 Jun 2023

Whose to say that the LLP holding might now include INT, but one thing is for sure the known II holding just got larger and the shares available just got tighter. Looking at the schedule in the new presentation the 3rd and 4th Q here are going to see a lot of II manoeuvring.

Thanks wasa, we would have a long old stretch to go with a fair wind to even think about 10 bagging IMO however I do think that a statement you made (and showed the maths) a long while ago could well be possible. That was when we were about 4p (80p) and you said we could well see the yearly divi being equivalent to that price at the time-with a majority sale of Verm after DFS we could with 2 Arug lines be looking at exactly that scenario IMO which is exactly why I have my family invested as well.I predicted a few bumps in the road and apart from the extra financing we have had none (so far) There will be some but IMO we have done the hard yards and this is a very unusual AIM investment

Between now and "nameplate" there will be a few mini spikes and IIs will relieve the impatient of their holding. Having held the sp down for a while, news and events will mean they have to loosen their grip and start to pay more realistically for the shares that they want. I think that they may underestimate the resolve and knowledge oft the LTHs.

100% owned assets, Arug 1,fully financed and under construction, over 60% completed with further lines planned and at least 2 other asset nearby. It may not be a 10/20 bagger but it's got multiples and/or big divis written all over it- they don't get more solid than this on AIM IMO

28% of shares (that we know of) not in IIs hands, and of that possible 28% a high proportion is extremely tightly held and waiting for the main event (at least 3 possible) so the bottom line here is as mentioned recently, "There is bugger all available"-Generally IIs are practiced at playing cat and mouse and the long game, but the clock is ticking and they know it.

I fully expect to see drilling this season. I For no reason other than the core/assay yard and the drillers are set, infrastructure has and is being improved already and my guess is that the Zambian govt. will be pushing for good news as soon as they give the green light !

Tide in or out ?

SP just give it a rest-there's going to be a need for a lot more than RBW REEs if we are going to wean ourselves off Chinese product. And what concern it is of yours what anyone else holds is way beyond me ! Something is stirring in the RBW camp and the lovely thing is that it could be one of many positives we are waiting on. Bring it on Georgie Boy !

Or sold !

Had an answer back re S.A. Pilot Plant-it's at Mintek "It will run for +/- 4 months to produce circa 350 kgs of mixed TRE sulphate for the final back-end separation plant then dismantled".

Where it goes after that might be interesting or in light of China's recent moves to limit some REEs supplywe could get our SA sulphate production fast tracked-Something (apart from 12 inches) is afoot.

Https://www.mining.com/web/stellantis-signs-deal-with-kuniko-for-supply-of-battery-materials/

I don't think George was commenting on the Ag mine but they tagged on RBW info to the article

The MLC (Licensing) MAC (Advisory) meet and then publish their decisions granted/deferred/denied etc. and some decisions are already made from the last meetings that have not yet appeared on the Cadastre Possibly because they give a later date to comply (paperwork wise) last time it was by June 16 so presumably most if not all now in compliance but not yet showing on Cadastre=bottom line is the Cadastre is delayed on line but progressing and we're in the last furlong. Looking forward to the flying dismount in the winners enclosure :-))

Https://www.lusakatimes.com/2023/05/11/zambias-mining-licenses-backlog-to-be-cleared-by-july-2023-says-permanent-secretary/