Member Info for HarChris

''One thing I can say with confidence is JB is not the type of person to make his own personal fortunate vulnerable.''

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No you can't... neither can anyone else but it very much looks to me like he's putting his own personally fortune very much on the line here across his stable of investments.

That’s because you were convinced previously that HEX was a useless investment and only bought recently near the highs. All round L

‘Solved’ might be pushing it as once bitten twice shy but certainly at the very least thy will be close to formalising a solution.

Can be as near as certain that plan numero uno isn’t an equity raise or they’d have done it by now, well in advance of full year account sign off.

Would be rather concerned right now if ATM was having to keep going back to shareholders for funding but with two of the three major assets funded and Uis generating cash (as long as this tin price falls no further!) the market price isn't as relevant as it was previously and will recover in an instant with the right news.

Could see Trump declaring victory suddenly as an off-ramp causing a sharp market reaction but still HEX will benefit from elevated helium prices for a long while to come.

He probably didn’t say it because we probably won’t see a doubling production this calendar year unless Goantagab goes our way. Would expect a doubling once ore sorter circuit fully commissioned though which would be more like q1 2027.

As long as ATM remains healthily profitable a multitude of potential catalysts could land any day - from Lithium Ridge to Brandberg West & Goantagab.

We’re all disappointed right now but this could turn on a dime any day and the cash generation continues to insulate against any major downside.

Certainly going to take a look again at TGR once they relist but for now it seems the backdrop isn’t helping, here’s what AI has to say about the graphite price currently and where TGR is at, I found it useful:

No, there has been no meaningful recovery in natural graphite prices since the start of 2026. Prices for flake graphite (the main natural form relevant to producers like Tirupati) remain depressed, stagnant, or slightly softer in some regions amid persistent Chinese oversupply, weak battery and steel demand, and post-Lunar New Year market lull.

Regional indices as of March 2026 (per Business Analytiq) show:

- Northeast Asia: ~US$1.81/kg (unchanged from Feb)

- Europe: ~US$1.49/kg (unchanged)

- North America: ~US$1.33/kg (unchanged)

- Africa: ~US$0.59/kg (down ~10.6% from Feb)

China spot prices for battery-related flake grades (e.g., -194 or +195 mesh EXW) were flat or marginally down through January–March, with no sustained uplift. Forecasts point to gradual stabilisation (possibly by mid-2026) via tighter export controls or trade measures, but near-term pressure persists, and synthetic graphite continues gaining share in batteries.

Tirupati Graphite (TGR.L) is on the verge of resuming trading after ~20 months of LSE suspension (imposed August 2024 over delayed financial reporting and governance issues). On 13–16 March 2026 it published the missing full-year results (to 31 March 2025) and unaudited H1 results (to 30 Sept 2025), completing its catch-up and clearing the final regulatory hurdle. Management expects the suspension to lift “shortly” once the FCA approves the related prospectus for its December 2025 fundraising/refinancing (convertible loan notes converting to equity, plus a placing)

Operationally the picture is mixed but improving:

- H1 2025 (to Sept): 2,204 tonnes produced / 1,998 t shipped at an average realised price of ~US$846/t (full-year to March 2025: 2,169 t produced, avg ~US$899/t, revenue £1.6m down sharply on prior year).

- Sahamamy project on care & maintenance; Vatomina (Madagascar) facing equipment/weather issues but management says operations are now “ready to resume” once capital is secured.

- Heavy losses (£5.9m full-year, £1.9m H1) from low volumes, but new board, debt restructuring and £4.8m+ convertible notes have stabilised the balance sheet.

Near-term outlook for Tirupati post-relisting is challenging but not hopeless. Low graphite prices (~US$850/t realised vs. some East-Africa FOB benchmarks that were higher in 2025) will squeeze margins until volumes ramp or offtake deals improve. However, the company has a clear runway: post-suspension relisting + completion of the placing should provide working capital; installed capacity is already ~30 ktpa (with Mozambique expansion potential); and long-term battery demand growth remains a tailwind. Share price will likely be volatile on relisting (last indicative levels pre-suspension were very low post sub-division),

Well in the new updated March slide deck it says this as part of short term catalysts:

''High-grade tin ore supply (~850 Kt at 2% Sn) – jig plant commissioning near completion (>100% output boost).''

https://andradamining.com/wp-content/uploads/2026/03/Andrada-Mining-Investor-Presentation-March-2026.pdf

Avacta had a hugely elongated phase 1a for their first drug candidate sure but it’s gone on to validate the platform - the latest phase is wrapping up in a fraction of the time and the latest drug candidate has travelled from conception to in-human trials at industry-fast pace.

The Avacta of today is a different beast to the Avacta finding its feet in 2024 and before.

That one is certainly happening, that started as soon as the two conditions were met triggering the initial funding from BWCAM on February 4th.

There's a lot of news backed up that will likely come like a barrage in the coming months.

This is a management team we should all have faith in navigating the funding path ahead. Christina knows only too well what the consequences of a fuc* up in this department are, seeing as she likely wouldn’t even be in the hot seat now if it wasn’t for the fumbled raise in 2024. And with Richard in the camp we can be sure that finance has been top of the agenda since the turn of the year rather than an afterthought to the science like it was in the past.

For once it’s actually quite intriguing as to what news is to come rather than the dread many shareholders will have felt in the past when there seemed to be no coherent and thought through financing strategy.

$43500

A good reminder thanks. Optimistic on all of them but the one that absolutely needs to be ticked off is the commissioning of the jig plant. Gone on too long now.

this is a bulletin board of a small cap company. inevitably the vast majority that view and post on here are avacta shareholders, unsurprisingly. the vast majority of those uninterested in avacta or doubtful of their success are off doing other things and posting on the bulletin boards of the companies they do see great potential in.

if a portion of said investors here think you're a snivelly, disingenuous, sneaky gob****e and decide to tell you that in no uncertain terms then that's up to them and/or up to lse to enforce it if not allowed.

when i occasionally post a bit negatively on bbs of shares i'm not so fond off i get told to f*** off too. it's the internet, get over it. or don't and keep moaning about how bullied your alias on here is. it's a free forum.

Amazing that someone who's posted 4000 times on here thinks that their views somehow aren't allowed.

Whilst holders always want things sooner there is zero rush for management to relay their plans to shareholders - they've secured the funding both for Raglan and for the wider group and that's bought them time to go about this production campaign in a much deeper and more methodical way if that's what they choose to do.

Whether we hear next week or next month makes no difference to the investment case here.

Sure Saint moving on too.

If I turn up at a Harry Potter convention pretending to be a fan of the franchise but go on to continually make subtle digs left right and centre i'm highly likely to turn many off. The guy at the other end of the spectrum who is totally obsessed with HP and talks nonsense but with great gusto will probably still be quite liked.

If you just ignored such stupid posts this bb would be a lot less disruptive.

The mindless ramping is transparent and ineffective and ignored by the vast majority, sneaky accounts pretending to be concerned shareholders are much more pernicious.

It won’t be lost on others that you get oh sooo very angry at rampers but will never call a spade a spade when it comes to the opposite, in this case an account that was without question created to bash Avacta with ever changing narratives to do it - starting with an intro message ‘concerned about the ramping on here’ all the way through every deramping touch point over the past year from half life issues to now this being so frustrating and never living up to promises.

But of course this poster is 100% genuine and is only ever exercised to post on this BB, I’m sure every other investment is delivering for him/her and therefore has nothing to discuss on a bb.