Member Info for Gallmat

Blackrock have an npv that is multiples of ours
So is their share price

Not unexpected. This was in 30s now at 8.
A huge amount has been written off. 60pct of equity value.

Have to see. If they can make it back to being profitable could be a trade.

I have a position i this one, so it counted as small

Yes

Small trade today. Was mine

Could easily hit 10. Happy for a down drift even if i take paper losses.

At some point discount to shareholder equity will be too large.

The majority of lending is on vehicles. 2nd hand values increased during the pandemic, so if they had issues i suppose they had a great opportunity to deal with their problems. Not often you see the value of a depdeciating asset ( 2nd hand car) go up :)

Peter.

This has been covered explicitly in interviews.
They only comment on realisation and only RNS if it is very significant. So far last year they announced one settlement i think for circa 6m gbp profit on 2gbp ish investment. Another one gave a 2m gbp profit. They are in rns library.

I just re read my comment.Sorry if it seemed rude. I wish everyone well in making cash, even if they take a routebdifferent to mine./>Apologies

Agreed.

Even from first production you have a long ramp up period. Often there are issues.

Mining takes time

Best of luck.
I have order at lower price. If it hits i am happy.
I do not want to chase this one

I appreciate him drawing his line, but if he looked at the fundamentals he might need to choose a higher angle

Hopefully some good results.
Historic ROIC of 135%.
We can also deploy any profits into 3rd party funds which doubles our ROIC

Another 600k purchase by chairman.
Including his last purchase that is 1million gbp+
Has to be confident. This is not just to make it look like management have cobfidence

No doubt in 5 to 10yrs time someone will have invented a different battery chemistry. The forecasts today assuming no substitution are nuts.
Which battery demand so high the financial incentives for new batteries is huge.

But i am not bothered because most demand is non battery. Even if nickel stayed at 16k we have a good business here

https://news.sky.com/story/carillion-liquidators-claim-against-kpmg-to-seek-over-1bn-in-damages-12531256

We are funding this. From interviews we are getting a multiple on invested capital, maybe with a small outperformance %

This is trading near cash.
Has there been some problems historically with the company?

Failing/unprofitable businesses
Non delivery?

From balance sheet this seems cheap, just wondering if there are skeletons in the closet before i start a deep dive

It is a good sign.

Of course cfo can buy. There might be a block out period around results. If ceo can buy so can CFO :)
They are all looking at same numbers.

The cfo is young so 25k could be significant amount.

Ceo and chairman also purchased in good size.

This is a waiting game for the results.

Said it before.
Have significant shareholders you know prove their holdings and ask a group.
Not sure if they would even take notice, but probably best shot

220m market cap.
150 in cash
So 70m for company ex cash.
They announced capital savings probably 15mgbp

So 55gbp for this.

Trading 15pct below institutional funding.

If you believe in nickel it is a buy. If you are on this board you believe in nickel otherwise why are we here

Is this not just a buy, and then forget about it for 18m.

Short term nickel price is irrelvant, we have a 30yr mine life. You either believe nickel will stay above historical averages or not

What active projects are we working on.
I see lots of sales, royalty agreements.

Is the focus just on copper asset noted below?