Member Info for Genghis15

Good to hear confirmation that partnering process will conclude b4 end Q2. Not long to go

Disappointed the Q&A ended, just 30min into presentation, these normally only cut off at the hour mark. Never got to my qustion,m which was around the 5 year tax holiday.

Well pointed out. Few here would have spotted that, least of all me.

I'm sure we'll all be hoping to hit copper.....

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.

Must be on their radar, one would think.

Ye Gods, the world's gone mad. Our resident troll gets sensible posts deleted (along with a couple that unfortunately had strayed into abuse) yet the poster who strains all our patience, and has undoubtedly driven sensible posters away, remains.

Much more of this and he'll have the forum to himself.

236k T of copper @ $10000= $2.36B

313k T of zinc @ say $2500= $782m

Total say $3B plus a bit of lead..

Of course, this is still in the ground and is valued much, much, lower by orders of magnitude, plus even that top line market value needs discounting for both time and cost. Our friends in the data room will be busy with their spreadsheets modelling this, which is beyond my capabilities; but I suggest the value of EST even at this early stage must easilt justify AW's assertion that "the value of Verkhuba alone significantly exceeds the current market capitalisation of the Company", reaffirmed when the SP was pushing 3p.

I would expect the SP and Mcap, still only £8.5M, to trend higher once this news gets digested. Not that i know anything, mind, so dyor, etc, etc....

I took the reference to cashflow soon to mean a likely farm in or JV.

Correct on the Jorc, tho, est at 5 to 6Mt on the open pit alone, not the 19 to 23Mt he quotes. And yes, unwarranted assumption on further BHP funding. Well pointed out.

Worth reading. Not a poster I'm familiar with, but he appears to sum up the case well.

https://x.com/GungHoStocks/status/1782146358280888828

Why all this placing talk? A decent FO would take care of funding into 2025, or mb even longer.

Worth remembering AW's words from the 3 April RNS "East Star believes the value of Verkhuba alone significantly exceeds the current market capitalisation of the Company and as such will only consider proposals that offer a fair valuation for shareholders and exposure to the near-term production potential of the Copper Deposit at a time when a multiyear copper bull market is being predicted by most market analysts.and as such will only consider proposals that offer a fair valuation for shareholders and exposure to the near-term production potential of the Copper Deposit at a time when a multiyear copper bull market is being predicted by most market analysts."

That "East Star believes the value of Verkhuba alone significantly exceeds the current market capitalisation of the Company " was repeated on 10April under questioning in the presentation, when the SP was at today's levels.

One cannot place one's entire faith in the words of a CEO talking his own company up, but....that's as clear and positive a statement as I've ever seen other than in the mouths of charlatans and fraudsters....which AW is not. The JVs with BHP etc speak to that , those cos would only partner with a serious operation, imv.

So I'm happy to hold here thru the JORC and beyond. Let's see what happens in midsummer with the FO talks.

What will move the SP, and mb prompt a bid, even, is the offtake agreement that we are expecting to provide the balance of capex funding needed.

Neil has been v bullish over this , painting a picture of ALL having several options.

When THAT news lands, we're off.

You could be right, tho we don't know the budgeted capex on drilling etc across various projects so mb not. I am a little disappointed not to see more progress on Mine Life Extension, but am confident Segun knows what he is doing.

HarChris.....what a contrast to that other place we both post. Very happy with founder's management and delivery here, for me he's earned shareholder trust and deserves a little slack when timescales slip a tad.

Standard clause for pre revenue companies, to be expected. Those funds could easily come from a farm out or JV deal.

Well, with a Mcap sub £7M, and 50% of the shares in the hands of 3%+ holders, there can't be a whole lot of tradeable stock, surely?

I'm not a day trader so mb I'm wrong here, happy to be enlightened.

Well 24 trades todat totalling