The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I suppose it was bound to happen, an informative post removed bcos of o/topic, irrelevant, abusive posts on the same thread.
Whilst several rather unwisely gor involved, we all know the initiator, who now continues to blithely ignore the very clear fact that he is responsible for the disruption. This will result as I'm sure it already unknowingly has, in valuable posters being driven away, yet there seems nothing can be done.
At some point i will try to frame the posting history as to highlight to the mods what is going on ; but I fear it may not be clear enough to produce required actions.
In the meantime, can I suggest we all try to refrain from reacting to our resident irritant. He might not go away, but at least e can avoid pointless slanging matches and potential post removals.
I suppose it was bound to happen, an informative post removed bcos of o/topic, irrelevant, abusive posts on the same thread.
Whilst several rather unwisely gor involved, we all know the initiator, who now continues to blithely ignore the very clear fact that he is responsible for the disruption. This will result as I'm sure it already unknowingly has, in valuable posters being driven away, yet there seems nothing can be done.
At some point i will try to frame the posting history as to highlight to the mods what is going on ; but I fear it may not be clear enough to produce required actions.
In the meantime, can I suggest we all try to refrain from reacting to our resident irritant. He might not go away, but at least e can avoid pointless slanging matches and potential post removals.
Nomlungu
Hope you're right...obvs the bigger the retained stake the better in many ways, just be nice to avoid the discounted raises that are the understandable norm. The great thing about EST is we appear to have enough serious interest and optionality to avoid that and all the uncertainty that goes with it. Looking forward to Q2 !
WOS
i am not a day trader, ....but on the evidence of this share, you clearly have a handle on the trading presures/pricing that I do not...well forecast!
I think AW has mentioned all possibilities, but from memory they all included retaining some sort of economic interest.
Free carry to production with a snmall reatined stake, royalty, who knows. Who cares? As long as s/holders see the benefit that's fine. All too often in non top tier jurisdictions especially, some sort of shenanigans get pulled to cream off the bunce. I don't see that happening here, but in many ways best to let a BHP or Glencore(or even CAML!) take the reins and go again on other targets.
What hallmarks are those? Trading looks pretty thin today, just 17 so far on lse....
That said, the no of shares in tight hands here combined with low Mcap does mean that share availability is low, so any significant investor appetite could swiftly see a substatial rise. If not now, ceretainly when we hear FO results end June, I suspect.
I think RangeRover makes the crucial point....we need the o/take agreement b4 a re rate. ALL are VERY sure of it, but the market wants to see it in B&W.
Once that is in place and funding assured, we're off to the races.
I'm sure we would all wish it so, but you never back up your wild valuations with how you arrive at them. EEE has a current Mcap of c. £42m. You are saying the value inside a year will be in the range £300m to £600m.
We are a year away from even pilot plant revenues, and will need to spend some tens of £Ms to get there, which will have to be raised, borrowed, or traded for a share of the project. then there is the uncertainy (like it or not, the inv community thinks so) of titanite processing and how commercila it will be.
It is not impossible for EEE to be priced at £+ in the future, but a lot of things have to go right first.
Mb, but I doubt it. The principal mineral sought and expected, copper, was already well detailed. I'm sure the main reason was to give legal clarity over Ti in particular, but also any co produced elements. In part to allay any investor concerns, but mainly, imv, to ensure likely future FO partners, purchasers, or funding sources would that clarity of ownership.
It's all very well to say "it was always the intention of Century/EEE" (my inexact words) but lawyers demand clarity, and now they've got it. Everything now rests in part on drill results, but in the absence of any surprises, mostly on proving the economics of the titanite processing.
ISA Essentially, yes.....I wanted to ask if MLE, or moving to u/ground, might constitute a different project and extend the tax holiday. I guess not, but you never know ; and what taxes are triggered once the holiday ends.
I think that should read "Ministers have been urged by MPs, economists and motoring groups with close links to fossil fuel interests to rethink plans to ban the sale of new petrol and diesel cars by 2030.”
Whether as as investors or simply consumers, we should all be more aware that almost all public pressure, in the press and elsewhere, is heavily funded by fossil fuel interests. Those interests use exactly the same tactics as the tobacco companies, of deny, deflect, delay.
Lol, Iptuf93, my thoughts too.
yes, there will be warrants to wash thru at sone point ; but if this story plays out as presented, there should be plenty of value on offer here to absorb that and more.
Whilst it always pays to be cautious about management assertions, esp about FO interest, the global backdrop to this makes those assertions very credible in this case, imv.
We will have to wait and see, but the price seems to be firming despite this dilution talk, and EST has not really hit the radar of many smallcap investors yet, as far as I can see.
I will try to read thru the full thing later, but THX have come thru 23 well, and look even better for 24. What we really need now to move the SP, imv, is a clear plan for low cost mine life extension.
There is no reason the SP couldn't double with that in place.
Well, whatever "imminent" means to anyone, it certainly doesn't mean "in 2 months time". "Threatening to occur immediately" is one definition.
Attention is rightly turning to the meeting requisition, but this outright misleading of shareholders is Maxwellian.
Oldslow
"if this is easily processed, IF, then we are a multi biliion pound company on just these 2 small area" Quite.
The market is saying just proving up more and more titanite isn't adding any value at this stage. what the market, and I suspect bigger miners, want to see is the processing proved up. That means a pilot plant ; that means capex. And that means debt and dilution of some sort will be needed towards the end of this year.
If and when the pilot plant proves to work as efficiently and economically as existing processing methods for ilmenite etc, the value here is enormous,
But that "if" remains, and that's what holds the SP back, and imho is likely to do so until the capex is clearly financed, and the product is proved commercial at scale.