Member Info for Genghis15

Ye Gods, TRR is a royalty co, not a corporate rescue house. TGR have good assets (potentially) but no one in their right mind would back the co under its current management.

Nomlungu

Agree, and some FOs never materialise at all! BUT...we all know copper is hot atm, and EST appears to be good at partnering and forming good relationships. And AW was pretty emphatic about the end June date in presentations, so a good chance, I think, that the date gets adhered to.

While deabate goes on about the propsed new BoD and the performance of the old, my PoV.

Current Bod have been disastrous. Not only missed production targets, but presided over a failed finance function that has mismanaged working cap forecasting+ mgt, missed audit deadlines and caused a share suspension. Successive dilutive raises have been too little, too late.

Shareholder comms re cash have been not just vague, absent, or optimistic, but downright misleading (eg; VAT refunds) if not deliberate untruths.

The SP rise in recent days puzzles me. I confess I'm not expert in corporate recovery situations, but it seems to me given capital needs thare is a significant chance of s/holder wipeout. I've no idea how the new BoD plans to deal with things, but whilst they may save the business, I fear for shareholders.

All imho, other opinions may be available but i've been sounding this horn for a year or so now.

Q2 alone should give enough cash to clear remaining debt, and pay for even top end capex for the whole year.. as you say, eye catching cash generation in H2.

Clarity on MLE should see a doubling here, imho.

I beg your pardon....tho I think your wording was a little ambiguous- I took your post to refer to receivable price, not cost. Tho your cost workings are v useful, nonetheless!

Nomlungu

Can you explain how you get to such a low figure of $1.25/lb? barely a quarter of current market prices? Are you estimating a NPV, or something else?

Been a while since our paths crossed!

What's your take on EEE, or were you just catching up with kongolasse?

"fighting dragons", indeed.

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.

Me too. Thought SP would halve, at least, on this RNS. Only hope now is an asset firesale.

Scrwl

I agree, lazy typing on my part, a med size co wouldn't come to mind at that point. CAML or similar more likely. But you never know.

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.

5x5

Yes, shame about our resident baboon, it's driven many to post less or not at all. You cannot teach some people that this is supposed to be an investment forum, not their personal social media page.

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.