Member Info for GingerHippo

Neat little trick.
Make it blue after hours so it can spend all day looking red to annoying PIs, without actually moving the price any.

This is Fintech. It's volatile. But that goes both ways.

Have a look at Argo's chart. On many occasions the price plummeted, eg:

from 11.625p on 3 Sep 2018 to 3.125p 13 Feb 2019. That's a 73% fall in five and a half months.

from 11p on 4 Sep 2019 to 2.8p on 18 March 2020. That's a 74% fall in six and a half months.

from 5.95p on 27 April 2020 to 3.44p 14 July 2020. That's a 42% fall in three and a half months.

Following two good RNSs, including a non-binding LOI (ours will be binding, if you believe AZ), the price went from 19p on 28 Dec 2020 to 284p on 17 Feb 2021. That's 15 bags in 51 days.

So if you would have bought in on 3 Sep 2019 you would have suffered falls of over 40% at least 4 times, and after 2 years 3 months you'd still have only just broken even. Then, 3 months later, you would have got 25 bags from your investment at 11p. £40K invested at 11p would, after 2 years of pain, have got you a cool £1 million.

So, if you believe, as I do, that IM will happen at some point, I think all this pain will eventually be rewarded.

Don't be ridiculous.

However frustrated and annoyed we may be, AZ is the only person who can get this off the ground.

Don't try pushing him out like a financial Sampson pushing away the pillars that support your own investment.

I wouldn't expect an investment company to be so volatile, but I've seen it on the leader board almost every day for 2 weeks, sometimes the winner board, sometimes the loser board. Strange.

Revised revenue guidance ---(GH: uo oh)

The BoD now expects a binding contract with the initial Inventory Funder to be finalised prior to 31 December 2021, following which the first Inventory Monetisation ("IM") transaction is then expected to be completed. ---(GH: we knew that already)--- As a result, the majority of these revenues will now be recognised in future accounting periods ---(GH: why?)---

…..take advantage of the SACE Guarantee Italia* in selecting the initial portfolio of companies for the first IM transaction ---(GH: but we already knew about that)

This portfolio…. is also smaller than previously anticipated, both in terms of the number of client companies and the value of inventory to be monetised at the stage ---(GH: well there it is)

As such, the revised revenues expected to be recognised in the current financial year will reflect these factors.---(GH: you just said first IM will be smaller, so it’s not just about deferring revenue recognition.)

While the SACE guarantee initiative has delayed the first IM transaction, it has contributed to an increase of the Group's pipeline of inventory funding streams and the associated pipeline of Inventory Funders. ---(GH: wait, so revenues will be smaller but funding will be bigger? How does that work? I’m just guessing here, do you mean smaller in the short term, bigger in the long term?)

Following the expected successful completion of this first IM transaction, the BoD expects to roll-out further transactions with some of the main Italian banks.----(GH: promises promises. Can we just get this done then tell us what’s next)
This particular Inventory Funder has recently proposed to use the Group's innovative Platform in a White Label business model ---(GH: again, we already knew about this)

the Board now expects the future revenues projected to be generated from this Funder to commence recognition during FY 2022.---(GH: delaying by up to a year?! Come on…)

While this will involve an initial delay, completion of the first White Labelling activity will open up greater access to the SYME platform for other self-funders and new revenue generation opportunities for the Group.---(GH: good)

in order to speed up the signing of the agreement between parties. In this regard, the Company and this Inventory Funder are currently negotiating a dedicated term sheet with their first IM transaction expected in 2022.---(GH: sorry, on what planet is that called speeding up?)

Alessandro Zamboni….this represents a delay to our projected revenue stream, rather than lost opportunities. ---(GH: Every day that passes you are losing opportunities to IM new clients. A 5 year old can see that)

(GH: other board members, including our new chairman, have wisely decided not to comment)

That 26p ought to be the concrete floor.
Nothing less than that makes any sense at all.

I need to correct a typo.
$0.17 to $9.13 is a 55 bagger, not 155 bagger.
Fat hippo fingers.......

Also worth noting that in February 2020 Chalice Mining had a share price of $0.17.
Now it's $9.13
That's a 155-bagger in less than two years.
On smaller resources than ours.
That ought to make even our dear bashers stop and think for a minute.....

https://chalicemining.com/sites/default/files/asx-announcements/61061682.pdf

17 Moz of Pd equivalent.

Market cap is about £2.38 Bn.

We have 22.6 Moz Pd+Pt at MT, its a 3:1 ratio so lets call it about 20 Moz Pd equivalent (in terms of value).

We have 78 Moz Pt equivalent in the JV. Let's call that about 40 Moz Pd equivalent.
So that's 60 Moz Pd equivalent (minimum).

£2.38Bn / 17 x 60 = £8.4 Billion.

Indeed.

Lots to read

https://chalicemining.com/sites/default/files/asx-announcements/61061655.pdf

I know you're being tongue-in-cheek, but the idea of Elon buying EUA personally and then presumably using it to supply Tesla with raw materials ought to make Tesla holders shudder

TC101, it's better than leaving the boards to the bashers to keep repeating the same rubbish....

That is logical IMO.

RBP have resources of 68Moz.
Compared to our resources of at least 96Moz (75% of JV and 18Moz at MT (ie 80% of MT)), besides the flanks.

They have no JORC audit as far as I can see. We will soon.

Their mines are 300m deep.
Compared to ours which are open pit.

They sold 32.8% for R17Bn, which is £830M.
So their company is valued at £2.5Bn.

£2.5Bn / 68 x 96 = £3.5Bn.
That would be £1.25 per share.

But you've also got to add a premium for the right to purchase another 26Moz from Rosgeo, the fact that we're open pit, the potential extra in the flanks, WK and JORC. Balance that with the extra 2 years it will take for us to get into production at MT.

Yes, I am aware that these are extremely rough and not a direct comparison.

But, with each new piece of information it becomes more and more clear that people saying eua is worth only a few hundred million, are indeed Mad.

AKA bidding war

How can code 1s be real?
Do you know how much it costs to send out a code 1?
Get out your calculators.....
£0.24
Come off it

You've heard of the humble-brag.
Now, thanks to Bruno, you've seen the holder-bash.

Binding Agreement Signed with Rosgeo

Eurasia Mining ...... has signed a LEGALY BINDING agreement....... to create a new joint venture..... with Russian state-owned company Rosgeo

The Rosgeo Agreement allows Eurasia to gain a 75% equity stake in each of the nine new mining assets........

The Additional Assets have a total of 104.6 Moz Platinum equivalent resources.........

· Four palladium, platinum, copper, nickel and cobalt OPEN PIT deposits.......

· A further five mostly OPEN PIT palladium, platinum, copper, nickel and cobalt assets are included in the JV....

Eurasia also has a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code.....

If you don't trust any company on AIM, buy a low cost index fund and stop wasting your time posting on lse.
SMH

From RNS - Summary highlights of 2021 to date

· Agreement with Rosgeo CONCLUDED in March to form a GLOBALLY SIGNIFICANT battery metals and PGM district on the Kola Peninsula, positioning Eurasia AMONG MAJORS (GH: we’re going to be big enough to see demand from all over the world. The term ‘among majors’ is ambiguous, but the 50 biggest miners in the world all have market caps in excess of $6Bn).

· Wardell Armstrong International engaged in April for SEVERAL COMPREHENSIVE TASKS including JORC resource audits which are almost complete and are EXPECTED TO BE ANNOUNCED SHORTLY (GH: we can argue about the use of shortly all day, but one thing is clear, IT IS COMING AT SOME POINT. It says “audits which are” in the plural, so I reckon it’s going to be big WHEN (not if) it is announced).

· PROPOSAL RECEIVED in May for the potential acquisition of substantially all of the Company's assets. Since then, ADDITIONAL INTEREST from other parties is BEING CONSIDERED by the Board (GH: at least one company made an offer that was good enough for us to exit the FSP, and since then we’ve had interest that is even better than said proposal. They couldn’t have said bidding war any more clearly without using those actual words).

· Eurasia is now FULLY FUNDED to fulfil its COMMITMENTS in relation to the Rosgeo JV (GH: the legally binding agreement has been signed and we now have enough cash to complete it. THIS IS HAPPENING. I don’t know when, but it is happening. Like queueing for a ride at Disney Land, I don’t know how long the queue is, but I know that if I stay in the queue I will at some point find myself on the ride).

We concluded a company transformational, legally binding agreement with Rosgeo covering 9 projects which…. form a globally significant battery metals and PGM district on the Kola Peninsula, positioning our Company among majors (GH: we were at about £0.5Bn market cap before the JV and that is said to be transformational. When CEOs use that word they usually mean a SIGNIFICANT step up. What do you think a significant step up for a £0.5Bn company looks like? Stay tuned, I reckon we’re about to find out).