Member Info for guidfarr

Guys I'm upbeat Hummingbird but I'm looking for other good miners out there.

I have Fresnillo, Shanta Gold, Anglo Asian Mining, Pan African Resources, Altyn and a few Centamin. Are there any others you are upbeat about? They don't need to be UK listed, I'm also interested in international names Canadian/USA/Australia..etc Important is that they have good risk/reward. Hum seems like a good one to back if they can stop stumbling. I also have some Pan American Silver Corp

'-- Total cash of over GBP530m at year end plus an undrawn facility of GBP170m, on long dated 3-5 year terms.'

do they really have a cash balance of GBP530 million or is it a lie? If the GBP530 is debt that would amount to a lie?

Do antigen tests detect this variant or not? I believe Novacyt only offers PCR tests not rapid antigen tests right?

I wouldn't have sold this as this is likely to benefit from increased commodity trading and volatility plus it has a track record. THG is hard to value but again you're selling a bombed out stock.

Kallumama forms part of a band of determined shorters that are very much bombarding the ADVFN boohoo board with negativity. He has to operate more carefully here as there is more bullishness here. So take everything he says with a pinch of salt - his agenda is to create doubt and drive down the stock price for profit.

you're right

'In connection with the Offering, Skeena shall grant Hochschild an option (the “Hochschild Option”) to earn a 60% undivided interest in the Company’s Snip Gold Project (“Snip” or the “Project”) located in the Golden Triangle of British Columbia by spending twice the amount Skeena has spent since it originally optioned Snip from Barrick.'

Sotolo the grades seem very high hTttp://www.hochschildmining.com/en/exploration/greenfield_exploration

The stock price of Skeena Resources Ltd has also gone up a lot which means the market values it at a high level? [935.58M] They have a market cap comparable to HOC!!? Are HOC going to exercise their right to take 60% ownership?

Can anyone confirm with me if this is right?

hTtp://www.hochschildmining.com/en/exploration/greenfield_exploration

Skeena Resources Ltd is a 935.58M with some really promising gold grades findings.

'In September 2018, Skeena granted Hochschild an option to earn a 60% undivided interest in Snip by spending twice the amount Skeena had spent since it originally optioned Snip from Barrick. Under the Heads of Agreement agreed between Skeena and Hochschild, Hochschild had three years from the closing (by 16 October 2021) to provide notice to Skeena that it wishes to exercise its option. Once exercised, Hochschild will have three years to:

incur expenditures on Snip that are no less than twice the amount of such expenditures incurred by Skeena from 23 March 2016 up until the time of exercise of the Option by Hochschild. As of 30 June 2020, Skeena had incurred C$18.9 million of expenditures at Snip;
incur no less than C$7.5 million in exploration or development expenditures on Snip in each 12-month period of the Option Period; and
provide 60% of the financial assurance required by governmental authorities for the Snip mining properties'

also hTtps://skeenaresources.com/news/skeena-options-snip-and-receives-investment-from-hochschild/

So Hochschild already owns 8.3% of Skeena’s total issued and outstanding shares.

Am I right that Hochschild has a potential to own 60% of this mine? If so why is Hochschild trading at so low a valuation? What's the catch here? Is Hochschild going to exercise this option or not? This project is located in British Columbia so doesn't depend on Peru.

According to Rystad Energy, the energy research firm, miners can cope with current demand for electric vehicles, but there will be a serious lithium supply deficit by 2027. Rystad thinks that the price of lithium could triple by the end of the decade unless new mines come on stream soon. That means that the cost of EVs will also rise. About 300,000 tonnes of lithium carbonate will be consumed by EV battery manufacturers this year. That will rise to 2.8 million tonnes by 2028. We therefore risk being held to ransom by a hostile state which controls the lithium supply. (Who could that possibly be?)

even if we disregard all else (which i don't because I know Bacanora is worth much more than what Ganfeng are offering) how can we accept this offer when the price of Zinnwald Lithium stock is going up like a rocket!?? Its now at 24.50. They'd better come with a much better offer or I will be voting no with my 100,000 shares.

I'm happy but why is this going up? What's the catalyst? Someone mentioned someone shorting it having to close? And why is it so depressed given precious metal prices haven't been so healthy for a long while?

it won't go back to the same 45p. The market will know there is value.

Which other lithium companies do you people like? I'm in Bacanora but also searching for other promising candidates. I'm looking for companies that have potential and could at least double over a 2-year period. They don't need to be british names or listed on the LSE. I'm also open to companies listed in Canada or Australia..etc

p.s. I have about 60,000 shares in Bacanora and unsure how I'll be voting. The offer price seems low - I bought this in the expectations that within a few years we could be trading at multiples of the current price.

in my opinion the way to play this is to retain your position while aggressively buying potentially recovery stocks - I just picked some HYVE (exhibitions) earlier today for instance. Others i have had for quite some time now include Costain, Serco, SCS, Regional Reit, Mitie..etc So anything you lose on one will be over-compensated by gains on others in the long run. You won't (likely) lose money that way irrespective what happens with Novacyt unless the epidemic starts raging again (then you have to be quick to exit your recovery stocks!)

Where are you seeing that chris?

listening to shares magazine is a surefire way to lose your money. The author had a very bullish article on Novacyt just on 08 Oct 2020!

i read somewhere that Novacyt got some nice contracts recently that weren't RNS's - i heard Ukraine - where can i read about it? And where can i find about the smaller contracts they are getting?

my question is what's so different between this and Avacta Group? Are Avacta doing the same business as Novacyt?

This is a recovery in play - just wait till the lockdown ends. What I like with this one is that director interests are aligned!

there are too many unexperienced investors here. Yes the existing shares have increased by 20% but these shares were not given for free. The company raised an additional £90 million from the placing which was done at a respectable 112.0 pence per Placing Share. Secondly the board of directors have participated strongly in this placing taking up 617,498 shares. This is a vote of confidence. I like this company as a turnaround and this placing ensures that Greencore will survive and prosper! Shares could well go up!!