Member Info for HarChris

If anyone is going to take on the role of sharing daily vanadium price updates on here it does help if you share the drops as well as the rises otherwise it might give a false impression of what's actually happening.

Also in regards to AsianMetals soon the grid should turn much more green but that won't necessarily mean there's been a push towards $40/kgV, it'll be more to do with the comparator against the worst of the lows of early 2024.

Want to see 20% increases in the 90/180/360 day movements.

Just a few posts Saluc to counter some of the opposite which was undoubtably going to be posted like 'Sovereign Wealth Fund!' and 'no placing!', the latter being palpably false. Agree with Crocq that it's fair to see if they can deliver but it's worth pointing out that these waffly not-yet-executed plans are Shishir's bread and butter.

I'll leave the bb to you lot now!

Mineralholder was that a response to me?

I've read it a few times and it reads to me as the 'up to £3m' as being equity and then the much larger sums (obviously) coming from debt financing. And with the former coming first for the much needed working capital.

If it wasn't in the form of equity it would have without doubt been emphasised.

I am!

Saluc there is nothing comforting about an rns that says that they are making progress when they have been at it for ages and cash-strapped for whole time. I'd go as far as to say they aren't even that close but felt forced to put something out there as the market demands it.

Here they have signposted an equity raise of up to £3m against today's mcap of £5.5m. That might comfort you but I think most long term holders would have preferred, at the very least, for it to be over the line and done and dusted rather than now bracing for it and wondering at what price that might be.

Never one to lack ambition, Shishir.

Problem is I expected an rns like this rather than one that actually delivered financing.

I think we all agree it won’t be loss making Argo with ~$3m cash now vs $47m debt and no saleable assets.

Amazing that they are stubbornly maintaining a $66m valuation.

I certainly missed that (very important!) comment this morning whilst listening on the go - the results through the rest of 2024 are going to be stunning.

Https://zakstraderscafe.com/interview-segun-lawson-president-ceo-thor-explorations/9708/

Cash at the end of March was $2.8m and here Segun confirmed further $8m debt repayment made at the end of June. It won't be news to us but it does show just how much cash is being generated,

The other bit of new news is a lithium drilling update expected in the next few weeks.

$13.9m cash end of December, $10.4m end of March, ~$8m end of May. We don't know if that includes further draw down of debt but at a minimum they're seeing ~ $1.2m cash burn per month.

A big clue that numbers in the next business update aren't going to be fantastic, at the very least.

I wish LSE restricted posts to say, two an hour, that way it would mitigate somewhat against infiltration of bbs by rampers on days like this.

This deal proves just how far away STX is from that much vaunted cash flow breakeven level. The $8m cash end of May probably lasts four months at most so it was either this deal or a placing in late Q3 / early Q4.

Thank you, I'd already grabbed my free trial previously so would have had to pay!

It's a reasonable interview but most of it is obviously unlikely to materialise. Of course Shishir would take investment from the US, he'd take it from absolutely anyone willing now in the desperate state the company is in.

In terms of his production outlook he's ignored the fact that the nameplate capacity has actually been downgraded to 20k and instead starts from 30k and claims to be aiming for an additional 24k and then 50k in Moz. History says it won't happen but hey, it doesn't always repeat.

As for boasting about getting into production quicker and cheaper than anyone else... well, it's his job right now to sell the company and pull off investment but frankly the above is irrelevant. Financiers are much more likely to fund bigger projects that have been dotting all the i's and crossing all the ts and that haven't reached production only due to a lack of funding vs a company like TGR which claimed to be able to do a hell of a lot more with the funding they received and has so far missed its targets by such a gigantic degree.

There has to be an update in the coming weeks, either because funding is sorted or to inform the market what's going to happen re the CLN payment.

What? The CPO business is comfortably cash generative even with CPO prices coming off the record highs of 2022, falling 15%.

If the cashew op is successful they'll be making group profit close to the current mcap.

The problem is when V takes off, assuming it happens before BMN run out of cash again i.e within 12 months, debt is going to be sitting at $120m+ against one asset, Vametco.

Any significant share price rise and Craig will cut through it with a knife and raise as much as he possibly can to clean up the balance sheet so there just isn't the road to run like there was back in 2018/19 when SP went from 1p to 49p. Obviously upside to be had from 0.6p but seeing the giddy heights of even 3 pence seems a longshot even with a V price recovery.

Ironically if Fortune had done even a small ish placing during the six months or so that they traded above £250m valuation then this would be a different company today.

You've obviously read that article, would you mind sharing it on here?

Hi clsk - still only a small portion of my total holdings but yeah, added a bit to my MIGI position and bought some Mara at $20.50. I'm happy with that for now.

Interesting to see int. cpo price go up in a near straight line this past week. https://tradingeconomics.com/commodity/palm-oil

NB int. price is not the same as local prices for DKL but obviously the former is likely to help maintain or increase the latter.

Got to hope they agree a partnership with the condition that group-wide funding is in place by 'x' date for the deal to go through - that would drive investment back here and allow both the P3 to go ahead and a raise at a much higher price than we're seeing today.

Going back to this it would be rather helpful to know what the cash position is now - could be anything from about $5m right down to just a couple of $m.

Any further BTC price erosion without a comparable fall in difficulty and Arb might just find cash dwindles to zero even before Q3 is out.

'Our review of these options has continued since the Full Year Results and we intend to provide an update to the market in the coming weeks."

Three weeks tomorrow and so no surprise that we are seeing traders erring on the side of caution and dumping even at this new low.