Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
He's actually Gollum.
;-)
The NAV - the sum of all the parts that FFWD own, is worth 13p. In a fire sale independent auditors reckon 13p.
If that means the value of an investment is the same as the original bought price of the investment, then so be it.
It takes no interest in the advancements of Companies without express proof of their due worth. It will not and cannot factor in Portage's relisting (until it re-lists) or Juvenescence's mind blowing p/f prior to listing, or LeapGaming Global footprint and commercial tie-ups prior to a listing or sale, or Emmac's extraordinary growth throughout the med cannabis space in Europe prior to listing, Or VEMO's growth in the ISA market in the US.
It means that buying FFWD under 13p is basically a gift. It is quite simply worth significantly more. SO you can take this as a mindless ramp or you can look at the portfolio, at the independently audited figures, at the individual investments & their near, medium and long term worth and you can make your choice. It won't be this gift wrapped for long.
Matador - added to that Moon Active was a load of excrement, it really was... for years and essentially they got lucky with one product. Good for them.
LeapGaming is in, or will be in, nearly all bookies, casinos and online betting shops globally, with it's acclaimed & unique 3d play offering being sought after by every single betting/gambling/games-maker company there is.
Instead of 4.7% for Moon we have 45% Leap.
Regardless of Moon's success (in no time at all), I know which one I'd rather be in.
Read this? Although unrelated to PREM per se, it unlocks a further door to attract investment into Circum Minerals which is part of the Danakil Depression and more importantly secures access to the port at Djibouti. Circum is set to make an announcement about its future very shortly.
A minor, but interesting cog in the Circum dilemma. Especially considering PREM has 5% of Circum, potentially the Worlds biggest Potash mining licence area.
https://www.afp.com/en/news/1314/state-eritrea-becomes-africa-finance-corporations-24th-member-state-201912030058411
When it is so obvious that really extraordinary news is about to land -which changes the entire strategic, economic and fundamental basis of a company that has been struggling to get to this point for years ...(and I like many have gone through so many emotions to get to this precise point in PREM time)
You are either in for the 500++% or you are not.
MINUTES OF A PARISH COUNCIL MEETING OF HEALING PARISH COUNCIL HELD ON TUESDAY
10th SEPTEMBER 2019 AT THE VILLAGE HALL, GREAT COATES ROAD, HEALING AT 7.00 PM
Planning Application Reference: DM/0664/19/FUL
Proposal: Development of a sustainable transport fuels facility, including various stacks up to
80m high, creation of new accesses, Installation of pipe lines, rail link, associated
infrastructure and ancillary works
Location: Land At Hobson Way Stallingborough North East Lincolnshire
No objections
I believe the CC are obliged to give a decision or make a statement within a 3 month period. So due any day now.
As essentially a green energy project - it will be considered very favourably, with Govt support even more so.
The amelioration of the plant is crucial. There are lots of factors to weigh up here though. Employment, infrastructure etc.
The AONB status is the tricky bit. They would argue that this sets a dangerous precedent for other similar developments.
Planning will either be thrown out or it will be granted with a caveat of series of strict environmental conditions (which is what I would expect).
If it is thrown out it will on appeal end up moving up the levels eventually to the Home secretary and this will take time.
It's difficult to call. I'd say 60-40 in VLS favour.
AIMOHO
15th May 2017 - SP: 43p
From Final results for the year ended 31 December 2018
Published 15th May - SP: 4p
· Immingham, UK waste to jet fuel biorefinery:
o Partner funding of £4.5m secured during the year for current stage of the project, which we are developing in collaboration with British Airways and Shell.
o Project awarded £434k from the UK Department for Transport under the Future Fuels for Flight and Freight Competition (F4C).
o A 100 acre site secured on the South Humberside for the project with ideal infrastructure for feedstock and utilities supply as well as product off-take.
o The project has been optimised to produce 15 million gallons per year of sustainable aviation fuel eligible for double credits as an advanced development fuel under RTFO.
o Engagement with the UK Government to secure sufficient and stable policy support continues for the project to reach financial close.
We now wait for the result to get this project up and running.
Henrik Wareborn, CEO of Velocys, said:
"Velocys is now in the possession of our two full-scale commercial FT micro-channel reactors with a combined cumulative runtime of more than 5000 hours from the recently concluded ENVIA technology demonstration in Oklahoma. These two reactors have operated under a wide range of conditions with a relatively challenging feedstock. We have collected a vast amount of performance data from this demonstration allowing us now to further optimise for resilience, volume and product quality directly benefiting our two full-scale renewable fuels projects under development in Natchez, Mississippi and Immingham, UK as well as our first licensee; Red Rock Biofuels in Oregon.
Today SP - 1.7p
For crying out loud Bick - even little PREM has had a fantastic result at RHA under the new Govt. And if we have, then God knows what other things have been going on. I'd like to also say that with the change has come a much freer press. This helps to expose all sorts of stuff that was previously officially quietened. You can't have it all.
Fair points Acker but probably a bit back dated.
The current Govt are finally beginning to address their dire historic economic woes, and as you know, economics (mainly) controls politics. They have correctly identified that the wealth of resources in Zim are the first things to reorganise and address. This they are boldly doing.
Investment into Zimbabwe has increased 10 fold as a result. With investment comes opportunity, comes jobs, comes infrastructure , comes food on the table etc, & importantly optimism. So although, like every country there is an inherent political risk, at least the Zim Govt are working on stabilising their economy in a sensible manner. Many would argue that this is the time to, (for want of a better word) exploit the moment.
Such is the importance of this in my mind that when Mugabe got toppled I was sure PREM & the other small caps in ZIM would double overnight. It wasn't to be.
Todays Zim is already miles better than it was only a year ago. PREM are well placed.
Zulu viability I believe will be very good.
Extremely cheap labour costs.
100% owned
Excellent infrastructure. Located next to existing highway.
Predominantly close-to-surface level mining.
Possibility of sharing Lithium extraction plant very close by.
Not bad for starters!
Some of the reasons why I am of the opinion that the Govt would be mad not to grant the EPO. And why they will.
Zulu in its present form ticks an awful lot of boxes. In extended form, lucrative.
Mindless comment.
GR has done nothing more than keep PREM afloat in extremely unfavourable circumstances with arms and legs fully bound (please do read the post). As I mentioned above his financial naivety in the market was extremely poor. The dilution catastrophic for so many (including himself & myself) & more importantly for his and PREM's reputation.
Venturing headfirst into producing one of the most difficult minerals on the planet in an uninvestable country was certainly blase. That is the extreme high risk, high reward of junior mining.
But I'll tell you something, he is unbelievably good at sniffing out potential. He would not still be around if he did not fundamentally believe PREM wasn't sitting on 3 mineral giants and a super investment potash giant. RHA up and running and the possibility of the Zulu EPO are mouthwatering near-term prospects. Absolute game changers.
If you ever take the time to actually talk to him face to face you will understand this. Headache after headache with RHA. He said to me once that, when (not if) RHA shows its true colours, the experience they will have learnt there will make mining anything else an absolute doddle.
Thanks Tedoby for an excellent series of posts on RHA.
Some observations.
In 7/9 - you mention the beginning of the problems. I think it is wise to dwell on these.
The first big problem was political. Very few companies, lenders, investors & business people would, 4 years ago, go anywhere near Zim. Its despotic leader made economic policy up as he went, resulting in complete financial chaos. This chaos extended into several areas for RHA, notably the simple problems of bringing basic equipment & expertise into the country & the greater problem of getting money & produce out.
No one would touch Zim.
The second problem was that the Global price of W03 crashed through the floor as a result of Chinese (supposed) illegal stockpiling. This crash meant that the once extremely attractive RHA fundamentals, now looked like RHA could just about break even. 9 out of 10 Global Tungsten/W03 companies went out of business. It was severe.
Why is this important?
It's important to understand because PREM suddenly (within the space of 6 months) found themselves in a situation where all their plans for the mine had to be re-thought through & raising money in the markets was nigh on impossible. As a result Darwin came to the rescue. We all know what happens when they get involved. Look at the SP chart!
The third problem was a general lack of understanding of the markets, particularly a naivety in how Darwin operated on Roach's behalf. He was to put it mildly, clueless. Although considering the circumstances & his weighty personal investment, he was probably just doing his very best to keep PREM afloat, so I do have some sympathy for this.
The fourth problem was the expectation that the treasured Circum shares would come to the rescue affording PREM some cash (& bargaining power) to resurrect the project. It never came. There was a 6 month lull where literally nothing was done.
Finally Roach came to his senses bit the Darwin bullet again to finally try & get RHA operational. See the chart!
The fifth problem was that the newly built plant had pretty much everything wrong with it. It was poorly designed & missing vital components. See RHS on mesh & crushers etc.
The greater problem was that no DFS was done. GR deciding that the work already done (as you show in the thread) was more than sufficient. This was a mistake. Yes it saved time & money but it led to poor mine placement & clinical understanding.
What is clear is that RHA being able to produce 4% of Global WO3 should not be sniffed at. RHA is a part of PREM - it is by no means all of it.
The government has changed, they are actively investing in their mines. Companies & investors from all over the World are now interested. It has all changed.
RHA is yet to be priced into PREM's MCAP.
To add: Zulu, Katete & Circum are almost certainly Tier1 concerns.
Understand what you're saying Matador, but in the background there is a constant flow of fantastic news. Factom and Pegnet beginning to purr, Juvenescence up 58% & a conference day ahead, IntensityTherapeutics human trials with Portage, Leap growing at a phenomenal rate with IMG Arena, Vemo entering the last leg of its US Senate hearing, Emmac acquiring new businesses, growing rapidly.
There is something positive almost every day in the background. But these companies are not listed (not just yet) and they are under no obligation to release any news so it's difficult for FFWD in that sense.
I suppose for the broader market it helps, but do some decent research & it's all there. (I know you do!)
In many ways the lack of formal notification creates a mega opportunity to those with their nose to the ground...
GL all.
Looking to the future
Akin to the PC industry in the early 80s, or the internet in the 90s, Jim Mellon of Juvenescence claims we are at the internet dial-up phase of longevity biotechnology. Investors have an opportunity to cash in at the front end of a huge upward curve. In the short-term, we will see companies progress through their seed and Series A-D rounds, after which some will go public with IPOs. Juvenescence announced recently that they would shortly be initiating their crossover round, with the intention of going public (on NASDAQ) in the second half of 2020. Mellon predicts that a proliferation of longevity-focused funds will form in the next few years, foreseeing that the current 10 or so longevity-focused funds will multiply into the thousands within a decade.
From : https://www.hilldickinson.com/insights/expert-commentary/expert-commentary-longevity-%E2%80%93-investing-future