Member Info for GaiasKidney

Project capex ~$500m, funding timed for not more than 6 weeks away (subject to PP this month), at least 1/3rd of it from a placing/OO to IIs as I understand this.

It's spelled out up front and between the 'lines' here

https://www.youtube.com/watch?v=_nQ0YbamzVU

Sp action over recent time pretty much totally related to the above and very little else IMO.

It'll depend what they are offering and if peidmont are prepared to trump that.

With spot spod pushing at 6k and contract going through at around 2.5 to 3k and with 30mt ore so far a 15y LoM at 400k/y spod delivered now looks feasible. That's revenue at present contract of 1bn+/y and 15bn over the LoM.

With sub 100m capex and sub 300/t spod opex the IRR for any aquirer is very high. On peer valuations and other acquisition prices paid ALL is still very cheap..... and there is acute desperation to secure supply.

This year EV sales look again to rise by North of 50%.

MKA

PP at Reedmere not until 18th April earliest. Cnstruction work starts June.

MKO has some eye catching samples just. I don't hold.

Ha Highveld, has it's share of juvenile spats as well!

New reduce-carbon economy metals is where you have to be. Then find the projects with genuine growth potential. Then all that due dily.......then it may still go wrong!

Gold is insurance, SHG passes.

GL.

Time stamped at 8-34am today. Av bid then 58.6, av offer 60.2. Price of trade 58.0.

Conclusion is?

Filtered for spaming on multiple boards.

Here for one day. Good start!

It appears

https://stockhead.com.au/resources/this-is-why-pilbara-minerals-boss-ken-brinsden-believes-miners-will-keep-winning-the-lithium-boom/

China crisis then! Mining is where its at.

I saw 60 as fair value back in mid February. However...... many things have changed.. and for the better.

Now 30mt ore asset, spot spodumene near doubled in that time and today revealing the obvious situation that buyers are trying to break down the door.

Peidmont are looking to be a forced buyer for Atlantic and they have just said they will determinedly push their customers to pay on quarterly or even monthly contracts for hydroxide. That means defacto they pay spot or have to buy out suppliers. So I reckon PLL will not baulk at paying double+ the present value to secure ALL.

New target 130.

GLA.

RNS. Max »3% NdPr.

"OEMS will need to take drastic upstream action

Benchmark’s Simon Moores stressed that OEMs will “need to become miners” and invest to bring new raw material mining capacity, not just refining capacity, to market.

Benchmark’s Daisy Jennings-Gray warned of the “the huge raw material disconnect” that has opened up between growing downstream demand for critical battery raw materials from the EV industry and the increasingly limited availability of those raw materials.

Benchmark warned that OEM raw material fears have become reality for lithium and nickel after unprecedented price spikes"

https://www.greencarcongress.com/2022/04/20220402-benchmark.html

Correct that.

Zenith have a 15% holding in Bradda. So the same ... conclude indeed, it's Bradda.

Roll on Monday!

ZNC right next door has a trading halt, good luck to them.

Rock Stock also has the latest spot spodumene price from Fast Markets at $4625/t.

Looks like some £2.6m will come in in a month or so from option exercise.

Re the upcoming.. let's say 'small problem', for EV OEMs, this just out from Rock Stock (with a kind mention about Vincent) explains what's likely coming very well:

https://youtu.be/p7SaYOPjDXQ

With the last sentence below it looks like they will be upping that quite a bit more in the PFS.

"The Scoping Study retains a business case for a 2 million tonnes per annum production operation, producing an average 300,000tpa of 6% Li(2) O spodumene concentrate and with life of mine revenues estimated to exceed US$3.43bn. The most recent MRE of 30.1Mt is expected to significantly improve the fundamentals of the Project once more, while future resource upgrades are anticipated to further improve project economics"

Morning Tony, no no I was referring to 12 months back when the sp peaked.

China good digging.

Yes large flake graphite highly significant.

Will anyone notice!!

Listened to that last week. Noted the comments re II/PI proportions. I expect the vast amount of the estimated change from ~1/3rd II to ~2/3rds will come with the expected proportion of the capex finance that will be a placing/OO. He does not want too many of the participating IIs to stag it.

Little doubt a number will though, usual form and beyond his control.

From that I won't be reducing - that was for the over bought position 12m back - but I will wait until post placing to add further.

At this stage with this project the PI has very little clout...... though he could pretend they did........ and also amusingly nor does a PRE basher on on a principally PI forum like this!

GLHs.