Member Info for Hedgehog100

Thanks LuckyOrange.

It was nice to see ESYS end the week with an up day yesterday ... I was beginning to forget what the colour blue looked like here!

Hopefully this indicates that the tide has now finally turned.

As always, some positive news from the company would help, though from the current oversold position it could rise well anyway, especially if there is more institutional buying.

"How long does it take, and is there a fee?
It takes approximately 60-70 days to receive a written FDA response to a pre-submission. There are no fees to submit."
https://www.rqmis.com/successes/fda-pre-submissions-program

10th Jan 2022 7:00 am RNS FDA Pre-Submission for Cardio inCode-SCORE
https://www.lse.co.uk/rns/GENI/fda-pre-submission-for-cardio-incode-score-rypjdtrxlhf7srn.html

That's how long it's supposed to take Swissydog, and we're now past the two month period, though FDA timescales seem to have been slipping with the pandemic.

There's also GENI's earlier Breakthrough Device Designation application, which is independent of rest of FDA review process.

Breakthrough Device Designation could come at any time: it can come before the full FDA submission - & indeed that's most logical order.

And GENI's pre-submission before the BDD decision could well suggest a positive BDD decision very soon. -

25th Nov 2021 7:00 am RNS Trading update
" ... Breakthrough Device Designation (FDA) for Cardio inCode® - Discussions continue to progress with the FDA to advance Cardio inCode® as a 'Breakthrough device'. Discussions have been extended partly due to FDA workload, but also resulting from a detailed assessment of GENinCode's CVD prognostic device which, in turn, has given the Company confidence to file its de-novo submission earlier than it might otherwise have planned. The Company remains well placed to complete this process over the coming months. ..."
https://www.lse.co.uk/rns/GENI/trading-update-p0br41a581awfmg.html

GENI's full year report for the year to 31.12.21 should be out soon, and should provide a full update on these matters, though of course there could still be news earlier than that.

11th Mar 2022 10:08 am RNS Notice of Results

essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry, announces it will publish its results for the half year ended 31 January 2022 on Thursday 21 April 2022.

A meeting for analysts will be held at 09.30 on the morning of results. For more information, or to register attendance, please contact FTI Consulting at essensys@fticonsulting.com.

https://www.lse.co.uk/rns/ESYS/notice-of-results-muqaobmta0p1yax.html

Well, thanks at least for telling everyone what you are doing here.

This is a 'revenge' mission for you, isn't it.

You feel that John Zorbas 'hurt' you, so you want to 'hurt him back'.

Talk about blinkered.

Look mate, it is YOUR fault that you have lost money on URU, through investing at the wrong time in the mining cycle.

That is YOUR fault, no one else's.

If you need therapy for it, then go and see a counselor; stop using these investment discussion boards as a sort of free psychiatry service.

"HH, your challenge is irrelevant."

RUBBISH!!!

Valuations don't exist in a vacuum, and any valuation assessment is meaningless unless you know what alternatives are being valued at.

Your complaints about 'time to production' etc. apply equally + to any very small cap. mining stock.

For you to try to make out that there is some sort of problem with URU on these grounds is dishonest.

LOL, after *****ing about me not answering questions, Komakino, we all note your complete failure to rise to my challenge, re. alternatives to URU at the same market cap. or less.

Who is investing in URU based solely on the December Proactive Investors interview?

Certainly not me: it's just one of multiple sources used to build up a picture.

But news drives shares prices, and you trolls were the first to complain when you thought that drilling hadn't taken place.

Now that we know that drilling HAS taken place, you try to dismiss it as unimportant.

Finally, just what exactly are you doing here if you think so little of the company?

I stand by my previous comments, about sad, embittered losers who seriously need to get a life.

Sorry, but I posted the incorrect link in the second posted part of the following article:

"Electric Vehicles: The Dirty Nickel Problem
... Published September 27, 2020
By Cliff Rice"

This is the correct link:

https://cleantechnica.com/2020/09/27/electric-vehicles-the-dirty-nickel-problem/

Finally, I would add that there are 113 companies in the AIM mining sector, and I have looked at all of them!
(Yep, I really am that obsessive!!) -

https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer?markets=AIM&categories=EQUITY&page=6§ors=551020,551030

I can honestly say that URU is the most undervalued that I have found.

There are a few others that have run it a close second, but URU is top for me, considering the range of most important criteria:
• Outlook for the commodity.
• Valuation (i.e. market cap. for what you're buying).
• Size & grade of resource.
• Percentage of ownership.
• Accessibility etc. of resource.
• Safeness etc. of country.
• Quality of management.
• Access to funding.
• Time to production.
• ESG rating.*

* N.B. I am analysing the ESG (environmental, social and corporate governance) rating in purely valuation purposes for this exercise, although it may be a 'deal-breaker' fro some investors.

So let me issue a challenge: name me a mining stock at a market cap. the same or less than URU's ( £4.12 million at 250p) that is better value, and I will be happy to debate!

Instead of *****ing about URU in isolation, have the balls to name something else that is better for a market cap. of a few million pounds or less!

"... Instead of smelting, laterite nickel can also be handled by a lovely-sounding process called high-pressure acid leaching (HPAL). The CO2 produced by HPAL is about one third that of laterite smelting, but still several times as much as even the more carbon-intensive variants of sulphide processing. Not only that, but HPAL produces large amounts of waste — unstable and hazardous tailings, acid slurry, and magnesium sulphate effluent. The difficulty in storing these products in areas of high rainfall (as laterite nickel producing regions are) and earthquake-prone locations has led to the proposal that they should be discharged into the deep sea. This is not an environmentally friendly option. For all these reasons, HPAL is the second way laterite nickel is dirty.

The third way laterite nickel is dirty is through the destruction of tropical rainforest — and not just any rainforest. Because of accidents of climate and geology, laterite nickel deposits are most extensive in Indonesia and the Philippines. These two countries account for 75% of laterite-nickel production. They are also considered biodiversity hotspots in that they are exceptional in the number and uniqueness of species that occur there. Therefore, effective conservation of their biological resources is a high priority.

Because laterite nickel deposits are widespread, low grade, and shallow, strip mining is the only realistic method of obtaining this ore. The first step in strip mining is, naturally, to remove everything growing on the surface. I estimated that over 40% of the nickel mines on the island of Sulawesi in Indonesia stripped intact rainforest to get to the nickel ore. Recent assessments by the United Nations and others have highlighted the accelerating rate of species loss on our planet. Strip-mining for laterite nickel is a threat to efforts to arrest and reverse these trends.

Importantly, due to the geochemistry involved, laterite nickel deposits often form along ridges and hilltops. A moment’s thought is all it takes to predict what will happen when heavy tropical rain falls on ridges and hilltops from which all vegetation has been removed. The rains will wash away any loose dirt, sand, or grit that has been exposed. Indonesia and the Philippines are island nations, and none of the islands with laterite nickel are very large. As a result, sediment washed off of nickel mines is, in short order, carried out to sea. In the tropics, “out to sea” means onto coral reefs. This is the fourth way laterite nickel is dirty nickel. Coral reefs around the world are already in crisis due to rising temperatures, pollution, and exploitation. Sediment settling out of discharge from streams and rivers severely exacerbates these issues. Coral reefs are the rainforests of the sea, and are also important in supporting local livelihoods through fishing and tourism. ..."

https://www.batterymaterialsreview.com/ourblogs/is-it-time-for-lower-grade-nickel-sulphide-projects-to-shine/

"URU's 2012 PEA reported that the Zeb Nickel project would be nicely profitable at nickel prices of well under half the level, with a NPV of over a billion dollars:
7th Jun 2012 9:18 am RNS Preliminary Economic Assessment
https://www.lse.co.uk/rns/URU/preliminary-economic-assessment-rwhvuzfzrr24ir2.html"

AMENDMENT:

I meant to say at well under half the CURRENT level.

"Electric Vehicles: The Dirty Nickel Problem
... Published September 27, 2020
By Cliff Rice

... Nickel is mined from two types of deposits — sulphide and laterite. Sulphide nickel occurs in hard rock that has formed from crystallization of magma with the proper conditions and chemistry. Laterite nickel is a product of the weathering of ultrabasic bedrock under proper conditions of rainfall, drainage, temperature, and slope in the tropics.

Nearly all nickel currently used in batteries comes from sulphide nickel. This is because batteries require nickel of high purity, which is usually obtained from sulphide nickel. Also, sulphide nickel can be mined, smelted, and refined with less environmental impact than laterite nickel. So, when Mr. Musk or other electric vehicle manufacturers indicate they want nickel which is efficient and environmentally friendly, they mean sulphide-sourced “clean” nickel.

The problem part of the “dirty nickel problem” is that sulphide nickel sources are limited. Most known locations with sulphide nickel are already being mined and cannot be readily expanded. Some of these mines are on the surface, but many are subsurface mines, sometimes with the nickel ore being brought up from thousands of feet below ground. Greatly increasing the output from such mines is problematic. Furthermore, recent discoveries of new locations with sulphide nickel have been small and finding them has been costly. So, we should not expect new discoveries to have much effect on sulphide nickel ore supplies.

This leaves us with laterite nickel, the dirty part of the “dirty nickel problem.” Laterite nickel is not just dirty, it is simultaneously dirty in four different ways. First, because laterite nickel ore has lower and variable concentrations of nickel, it takes a lot of energy to smelt it — in fact, many times as much as smelting sulphide ore. This energy is almost exclusively provided by burning coal. Typically, it takes 25 to 30 tons of coal to produce a single ton of nickel. When all the CO2 emissions are counted, smelting and refining laterite nickel releases nearly 90 tons of CO2 for every ton of nickel produced. That means an average electric vehicle with a 50 kg battery, 4 tons of CO2 were released during its production. Depending on the type of power used to charge that battery, that means one would have to drive that car for 4 years to break even on the CO2 footprint based on the manufacture of the battery alone. ..."
HTTP://cleantechnica.com/2020/09/27/electric-vehicles-the-dirty-nickel-problem/

"There is Nickel but is it commercial and what is the cost and timeframe for extracting it? These are all questions that HH prefers to ignore."

Komakino,

URU's 2012 PEA reported that the Zeb Nickel project would be nicely profitable at nickel prices of well under half the level, with a NPV of over a billion dollars:
7th Jun 2012 9:18 am RNS Preliminary Economic Assessment
https://www.lse.co.uk/rns/URU/preliminary-economic-assessment-rwhvuzfzrr24ir2.html

The fact that it was ten years ago doesn't invalidate it.

Obviously it will take years, and a lot of money, to develop the project.

But that doesn't mean that the s.p. can't go up a lot in the meantime, as development milestones are crossed.

You could buy into a nickel project much closer to production like HZM ... but pay a market cap. of hundreds of millions.

And the fact that URU's is a nickle SULFIDE project, as opposed to a nickel LATERITE project like HZM's, is a big selling point.

Nickel sulfide deposits have far lower production costs, are greener, and are also far more suitable for use in EV (electric vehicle) batteries. -

Mudd, G M, 2009, "Nickel Sulfide Versus Laterite : The Hard Sustainability Challenge Remains":
" ... sulfide ores are easier to process, through conventional mining, smelting and refining, compared to laterite ores which require intensive hydrometallurgical processing (such as high pressure acid leaching or HPAL). This means that laterite ores typically require substantially more energy and chemicals to produce than sulfide nickel. ..."
https://users.monash.edu.au/~gmudd/files/2009-CMS-01-Nickel-Sulf-v-Lat.pdf

"Is it time for lower grade nickel sulphide projects to shine?
By: Matt Fernley
Posted on - 20 Dec 2021
This article first appeared in the November 2021 edition of Battery Materials Review.
... We believe that it’s time for lower grade nickel sulphide projects, historically shunned by the market, to start to shine. ...
Increasingly then, the Majors are looking to the sort of bulk tonnage, lower grade sulphide projects which have historically been shunned by investors. There’s another consideration though, and it’s going to be an important one for battery grade nickel projects.
Environmental considerations to come to the fore
We’ve already seen a number of Majors flirt unsuccessfully with low grade, bulk tonnage laterite nickel projects. ...
So, for battery raw materials, I would suggest that investors look much more closely at lower grade nickel sulphide projects ..."
https://www.batterymaterialsreview.com/ourblogs/is-it-time-for-lower-grade-nickel-sulphide-projects-to-shine/

The mining sector is very cyclical, and when metals rices are depressed, a lower grade, high volume resource may not be profitable. Even the best management will struggle to move such a project forward in that environment.

But the nickel price has more than quadrupled in the last six years, which is all the difference in the world.

A rising nickel price completely transforms the economics of a project like URU's.

I could give you examples of mining stocks that have disappointed for many years, but have then gone on to hundred-bag.

Current nickel price: US$42,995.00/tonne. = US$19.5/lb.

URU's 2012 PEA reported that the Zeb Nickel project would be nicely profitable at nickel prices of well under half that level, with a NPV of over a billion dollars:

7th Jun 2012 9:18 am RNS Preliminary Economic Assessment

"URU receives positive NI 43-101-compliant Preliminary Economic Assessment of

the Zebediela Project, South African Nickel Joint Venture

Highlights

• The Preliminary Economic Assessment (PEA) of the Zebediela Project projects a pre-tax and pre-royalty net present value of $1,018 million, an internal rate of return of 25.7% and a 3.8 year payback period at an 8% discount rate.

• Indicated resources stand at 485.4 million tonnes at a grade of 0.245% Ni with additional inferred resources of 1,115.1 million tonnes at a grade of 0.248% Ni.

• Using indicated resources only, a proposed open-pit mine is envisioned with a 25 year mine life producing 56,600,000 lbs of recoverable nickel per annum.

• The project is projected to a lowest-quartile cost nickel producer.

• Substantial opportunities are available to the South African Nickel Joint Venture (SAN JV) to increase the project value through resource accretion and the addition of a magnetite concentrate revenue stream.

Commenting on the nickel joint venture PEA, Paul Loudon, Non-Executive Chairman of URU Metals, said: "The PEA indicates significant value accretion from URU's investment in the SAN JV. With expenditures of approximately $4.2 million to date, the Joint Venture has defined a large low-cost open pit disseminated sulphide nickel resource at Zebediela that has excellent economic and growth potential." ...

Zebediela Nickel Project

The Zebediela Nickel Project is located in the Limpopo Province of South Africa close to the platinum mining town of Mokopane, very close to existing rail, highway, and electrical power infrastructure.

The PEA validates the Zebediela Nickel Project as a large disseminated sulphide resource with mining engineering aspects similar to typical porphyry copper deposits in terms of size and grade. The NI 43-101-compliant PEA outlined indicated resources of 485.4 million tonnes averaging 0.245% nickel, and additional inferred resources of 1,115.1 million tonnes of 0.248% nickel. The Zebediela Project also contains significant iron minerals in the form of magnetite that is also being investigated as a potential by-product. ...

The PEA projects a pre-tax and pre-royalty net present value of $1,018 million, an internal rate of return of 25.7% and a 3.8 year payback period at an 8% discount rate using a nickel price of $8.50/lb and a ZAR/USD ratio of 8.1. Annual cash flow is project to be $203 million. ..."

https://www.lse.co.uk/rns/URU/preliminary-economic-assessment-rwhvuzfzrr24ir2.html

Jono,

Posting research isn't ramping.

And this board clearly needed research: you didn't even know that Zeb Nickel had drilled in Q4 until I posted.

I recommended URU as a "Strong Buy" last week on a number of occasions because that's exactly what it was:
"Price: 135.00 Strong Buy"

Since then, I haven't Used the "Opinion" option here when posting ... until now, when I'm giving it a "Buy" opinion.

You, conversely, were urging people to sell last week for as little as 120p.

A little humility might suit you better, when you have clearly called it so badly wrong.

If you weren't so blinded by bitterness then you might see the opportunity here.

"Forgot to say that they also have to revert to personally insults when they dont get their own way, everytime."

Jono,

URU has more than doubled in under a week since I first posted it on.

If that is 'not getting my way', then I hope to 'not get my way' many more times in the future!

As regards insults: you have called me a ramper, and John Zorbas has been called much worse than that.

It's always the same with your trolls: you love to give it out, especially to people who can't answer back, but then when you get told a few home truths you run crying to Mummy.

P.S. how is your "Strong Sell" recommendation yesterday afternoon doing:

jono44 Posts: 1,469 Price: 175.00 Strong Sell
RE: Nickel up Mon 15:16

Zeb Nickel Corp.
$0.35 0.14
(66.667%) V:35.72K

https://money.tmx.com/en/quote/ZBNI

URU owns 74.82% of Zeb Nickel Corp. (ZBNI), which rose strongly on the Toronto Stock Exchange yesterday evening U.K. time.

It closed at 35c., market cap. CA$19.209M., which equates to about £11.5M.

Which values URU's stake in ZBNI at £8.6M.

Whereas URU's current market capitalisation, at 335p, is still only £5.52 million.

But ZBNI has only just started to move, and it looks like it could be the start of a breakout which could go much higher.

Especially with results of Zeb's drilling in the Q4 2021 expected to be announced imminently - and apparently they are great.

"Wheres the substance?"

Ballio,

Nothing on URU will satisfy the trolling posters on here, because they are 'damaged goods'.

A sad, tiny minority of the investors who have lost money on URU (although some investors will doubtless have made some), unwilling or unable to take responsibility for their losses, so psychologically needing to 'blame it' on someone else, who they believe 'stole' their money.

Do they have any idea of what a bunch of whingeing little children they sound like, boring the life out of serious investors?

Consider, Ballio, why the directors of the Canadian shell Blue Rhino Capital Corporation (since renamed Zeb Nickel Corp.) chose the Zeb Nickel Project to reverse into it, on good terms for URU, out of the potentially hundreds of others they could have chosen, with their impressive range of contacts?

Could it just be that they see something pretty special here, with the CEO in particular seeing it as a chance to repeat his success with Forsys Metals Corp.

"Wayne Isaacs
CEO & DIRECTOR
Mr. Isaacs has a 30-year career on Bay Street specializing in the resource sector both as a corporate executive of resource companies and as an investment banker.
This extensive experience has allowed him to successfully seek out and engage and acquire significant resource assets and financing to support exploration, development and mining activities for his operating and investee companies. Mr. Isaacs has been involved as principal in 30 listed companies and has served as a director and / or senior officer of over 35 listed companies. He was the President and Director of Forsys Metals Corp. from 2003 to 2007, a TSX listed company with uranium properties in Namibia, Africa which he managed from start up to in excess of $750 million in market capitalization raising over $70 million to advanced its uranium property from the exploration stage to the production decision stage. ..."
http://zebnickel.com/board-of-directors/

"Hedgehog, my questions were;
What does the DFS say?
How many holes have they drilled into this resource to confirm it as “gigantic”?"

Amtech,

I'm not your slave, especially as you didn't even say please.

You're just as capable as reading as I am, so why not do some research yourself for a change!

I would add that there are clearly some very sad, embittered losers trolling this board, who seriously need to get a life.

But despite their best efforts, URU has finished blue again, on another terrible day for the markets.

Roll on Zeb Nickel's driling results!

Bluray,

You suggested (albeit ungrammatically) that all p.i.s would panic sell BRES.

But out of 162M. BRES shares in issue, hardly any p.i.s have sold today: there's more actual buy than sell trades today (some trades shown as sells were actually buys at below mid price).

BRES's resource upgrade (& probably 5p +) should be coming imminently!

ESYS's net cash at the year end was still £30.5M., so the company still has the vast majority of the sum raised, which is now looking very well-timed from the company's point of view.

The company's pre-tax loss last year was only £2.9M., and in 2019-2020 it actually made a pre-tax profit.

With the cash, the enterprise value of the business is now only about £23M. (current market cap. £53.1M. at 82.5p).
That is an EV sales multiple of barely one, which looks extraordinarily cheap for growing software revenue, 87% recurring, with high-growth potential, and from the leading global provider.

And the cash certainly increases its attractions as a takeover candidate.