Member Info for Greenmachine67

Mick I completely agree. This one paragraph has come so far out of view that it has floored me. All that was missing in the sentence was "going concern". How could anyone have seen this coming based on the previous "interviews" weve watched from KC. He really now needs to explain where we are going and how they propose to do it....

Yes Wilco, this was the paragraph that jumped out the page to me. Increased costs and social licence in the same paragraph doesn’t make any sense whatsoever. It asks more questions than answers. I’m spitting feathers tbh.

Just as I was saying yesterday Sair. Drop prior to a raise. Atlantic announced their dfs and nothing really happened. An opportunistic TO @33p was rebuffed a few weeks ago. Raised @23.5p….wtf?

So, although this is off topic it shows that games are played everywhere

Looks to me that an equity raise is in the offing. To make it more palative to the buyers the price is dropped and their discount is applied. Seen it so many times

Agreed Jonesy but in reality we should be looking at crawling before we're running and that would look to me like clutching at straws. I've been keeping an eye on other european "miners" and european lithium based in Austria is a case in point. They already have an mou with bmw, a processing agreement with the saudis and a dfs. Their dfs was released a few months ago and guess what???? their figures gave an offtake/product price of 45k. Laughable but when you through the figures that was the only way they could show the dfs in a favourable light (imo). I dont want to see any massaging of the dfs to keep some of the natives onside.

Maybe but to be honest if that was the case i'd be out in a flash. Lower npv and irr than pfs would go down like a lead balloon.

I reckon the dfs will show a product contract price of between 25-30k per tonne. Not too high about h to get going. Add in locality and environmental advantages. The capex/opex position however will show an increase of 25-30% imo but this is something that all mining startups are experiencing atm.

Nope, I mentioned it last week but since most here are more concerned about the date of the dfs it appears my comment flew under the radar…

Fingers, what is 2 days away?

Ahhh, I see. Begs the question of why didn’t they see it as a problem when even Babis mentioned it years ago.

But on the other hand it allows someone to get in at a price that might seem like a bargain…..coincidence or not?

Slowly, having had a cursory look at the rns I’m assuming your talking about resolution 7? Looks to me that they are looking to raise up to 25% of new equity pretty soon after approval. Unfortunately due to the very poor recent sp this is not really going to raise too much money

Life’s too short. I’m all for contrarian views but the drivel he spouts is designed to cause argument. Filter prat’s like this.

I’ve said it before and I’ll say it until I’m blue in the face. The best option for geomet is to forget oem’s and get into bed with the battery makers.

Fair enough, its your money

Lol, so you’ve held out for years on the premise of a dfs? The dfs is nearly upon us which may come dec or jan but you’re willing to sell……something doesn’t make sense

Sell up then Skelly85, your blood pressure will thank you

Li atomic weight is 7 whereas Na is 23, a big difference. For ev’s this is a nonstarter due to the sodium batteries also having a much lower energy density capacity. Fine for city cars but useless for anything else that moves.

Https://www.ft.com/content/80a39a5f-74af-4230-be1f-08fce15800d6

Anyone mention LFP lately?

Interesting development. The elephant in the room on all of the articles I have read about this Mou is there was no mention of raw material supply……..surely it’s not all going to come via China?