Member Info for Genghis15

Tx ML. I too have to rush, in my case to a funeral......another day!

ML

May i point out 1. Mineral sands are not hard rock deposits. No comparison.

2. Whilst LH does not answer all your Qs, neither do you answer all his. There IS rather a lot of "trust SB" in there, which is not the point. I have no reason to doubt his honesty (tho let me say that with AIM CEOs it is often best to) but no investor should assessing early stage exploration on the words of the CEO or BoD.

Trust, but verify, as Reagan had it.

I can well remember the multi TCf at SOU as touted by James Parsons as "golden tickets" which turned to dust (or sand). Wa he wrong, misled, or misleading us, or possiblY all 3 at different stages?

Or Robert Trice at HUR, who I believe to have been above board but just wrong.

Now, I'm not saying either of those situations appies here. Just that treating any CEO or BoD words, no matter how firmly and honestly held, as certainty is a dangerous game.

Reagan had it ; trust, but verify.

" faint praise heavily offset by doomsday scenarios"

Not at all. I outlined the upside/downside both ofthe central expectation, and of left field scenarios. I didn't assign probabilities to any of them, that's for everyone to judge.

The point is, capital is more at risk early than it is later. The potential rewards are greater, too.

If I seen weighted towards the negative, perhaps that's bcos the +ve is the default assumption by most here, so there is little point labouring it, while the inherent risks get ignored.

Aimgambler123

" you'll be loading up at a much higher price, which makes capital preservation more risky than loading up at the lows"

nobody knows where the sp goes from here. Yes, you could be right. Equally, Sp could fall back to single figs b4 news, and not spike above previous highs until much later. Not an uncommon path for early stage explorers with a discivery that is a long way from development, and only partly proven.

Or something big could come out of left field, a bid at 50p, say, or a disappointing drill/assay/mineralogy result could crater the SP completely. We don't know.

But if you think loading up on an early stage explorer is capital preservation, your understanding of the term is at odds with that of the rest of the investment universe.

I've no idea if LH is a manipulative trader or honest broker, and to some degree don't care.

Imv he offers up some usefuk questions that deserve proper consideration, and well founded technical rebuttal if invalid.

I know many on BBs think it shoul;d be full of cheerleaders only, but I welcome the doubters, challengers, and awkward questions.

AIM is a casino, mre people lose money than make it, and caveat emptor should be the dictum.

Fwiw i remain invested here, tho in smaller size than a week ago. At some pointlikely after mineralogical analysis, I may be loading up again. But if I miss the train, so be it. Capital preservation is rule no 1.

Has anyone here receved responses when emailing the company? i used the online form on EEE website twice last year, but received no response. TBH I can't even remember what I asked, bcos the form doesn't save my Q and there appears to be no way to message direct from my email provider so i can keep a record.

There is an email listed for info@stbridespartners.co.uk has anyone used this for responses?

Thanks in advance!

" I now start to wonder if the finance is a bigger problem than perceived?"

Depends who's doing the perceiving. The faithful here think it's no problem at all, point only to promised production ramp up and projecteed revenues.

These BBs are always a church of the conveted so you will see much more of that view than the opposite, which i have voiced many times, that until cash is sorted, clearly, unequivocally, and with a clear runway to operational cash +vitiy. and preferably net profitability, this share is best avoided.

And so it remains ; every effort at raising cash is too little, too late, to restore investor confidence.

I begin to think that such appareent ineptitude cannot be ; and that mb there is a plan to somehow take the co private at investor expense. Hopefully that's not the case, but only time will tell.

So much nonsense on here today.

First the placing was NOT at a premium. SP was 13p 2 weeks ago, and only fell below 12 last week.....quite likely as a result of the placing leaking out.

Second, no, EEE is not sat on $trillions. Pointless projection of current values of stuff still deep in the groundwith no dev plan does not give a valid arithmetric value.

Third, yes, it's good to have raised £3m and both scaled o up the ops team and given a longer cash runway ; let's se a bit more detail on how "strategic" y this investor is tho. a good step forward, but by end 24 I think we will see proper Big Boy Miner involvement.

next, mineralisation. LH loves to troll this, and it IS important, BUT.. SB's confidence is backed now by Oceanic, and I can't see tht happeniong if there were indications other than +ve on minerology/metallurgy.

It's all looking very +ve indeed here, and I'll be surprised if we don't reach ATH in the SP pretty soon, despiye today's muted reaction.

Dnp

Can you start predicting a fall, please? On recent form, that would be a good indicatir the SP is moving up.

Agree, ML.

But...this is as you say small investor psychology. We're all waiting for that RNS, and those feeling twitchy the longer this goes on were imv spooked into action by Jemgee's nonsense about a placing. i don't normally make accusations but that looks to me like a deliberate action. If so it has had the desire effect.

I have only a small amount ready to top up here but will ceretainly be taking the opportunity to top up tomorrow.

Extremely unlikely imho.

SB made clear September's raise financed not the current resukts, but also the NEXt drilling program that will commence later this Q.

Besides, it would make no sense to raise until the next set of results raises the SPwell into the teens.

Of course...barring an early partnering.... cash will be needed eventually, but it would make no sense to do it now.

One has to wonder if this is indeed the case. The company founder, who has built producing graphite mines in 2 jurisdictions and successfully raised the capital to do so, no mean feat for anybody. It is hard to see how this could be accomplished without fairly competent skills in financial management.

On the one hand, perhaps he and his previously able seeming oD have taken their eye so far off the ball as to leave the co so cash strapped as to be begging from suppliers and customers and succesively more discouted placings.

Or, otoh, they do still know what they are doing and have the plan in mind that you suggest.

I have no idea where the truth lies, but your suggestion certainly fits with events of the past year.

i guess we will find out by the time 2024 is over.

So, they have only managed to raise £1m, at the price of directors taking accrued payments in shares worth £300,000.

And still they are looking to borrow more for working capital. Horror show.

Let's hope so, GB, let's hope so.

But let's not get too far ahead of ourselves, either.

The next drill results, and metallurgical tests, will be the catalyst, if they meet expectations it's lift off for sure. But, again, let's see the results.

Not closed minded at all. Of course early stage companies offer opportunities that are not captured by a pure P&L approach. But that doesn't mean ebitda is a useful measure, for all the reasons Munger/Buffett set out.

Every initial in ITDA is a true cost, and in the case of the first two a cash cost as well. Excluding depn/amortisation may give some useful measure (tho not imv a normally appropriate one) but excluding costs of debt is ridiculous. It means that borrowings to finance capex are excluded, while that same capex financed by lease is not, rendering it useless as a measure across different companies with differing finance strategies.

Both leases (for example) and interest costs are true cash costs of historic capex. Depreciation/amortisation plus interest in most cases represents the same costs as a lease liability of acquiring/using an asset.

I don't want to make this an arcane thread about the finer points of accounting, but my point is that ignoring costs of financing your capex is a device of scoundrels ; you could not use it in a business plan pitched to your bank manager, and eventually, it catches up with you.

Anyway, this is not relevan here. I have no doubts about the integrity of THX accounting, business plan, or cashflow, and look forward to the next update.

We will have to disagree. i feel very comfortable doing so with Buffet & Munger on my side!

Doncha hate pred text....a day = assay

Forget ebitda

https://finance.yahoo.com/news/charlie-munger-explains-called-popular-earnings-measure-horror-squared-164228068.html

Co should have had a strong year and made good net profit AFTER ITDA. That's what matters. Along with cashflow and debt repayment. Both should look good when we get a proper trading update in the form of interim finals or whatever.

Segun is delivering, and the co is due a rerate, But ffs ignore ebitda.

Who knows?

Could be tomorrow........all i know is I'm not selling, or trying to trade, while we wait for the next assays/CSIRO results, etc.

Every reason to expect good newson Ti, but reasonable chance that Cu might show up too....now that could really blow the doors off.

Master RSi

No disrespect intended, just be ing a bit uncharacteristically light hearted! i guess that's what a climbing SP does to me....