Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Up 9.07% at 8.90p on volume of 7.7 million. The 1 million Buy at 9p reported after the close at 16.43 bodes well for tomorrow. It would be a great end to the week if we can punch through 10p tomorrow in anticipation of the imminent news flagged by ENOC today. If we get Farm Out approval tomorrow 10p will be a distant memory by the close.
Calibre has always been the most obvious purchaser for CNR. They have the next door mine, management in place and an underutilised mill within trucking distance. Calibre would have economies of scale that no other purchaser would have. It’s so compelling from a business point of view it can only be price that has prevented it from happening to date.
A good close today Up 24.44% at 8.40p on volume of 5 million. It would have closed Up 29.63% at 8.75 and Number 2 on the Leaderboard if they had used the mid price but the MM’s decided to knock it down on the uncrossing trade. This however should make for a posive start in the morning when the UT is reversed. The next news should power this above 10p and at that point it’s anybody’s guess as to how high it will rise.
I take issue with the 2 posters who are trying to suggest that the receipt of the US Government grant is delayed or in doubt. There is absolutely nothing in today’s RNS to give any credence to that suggestion. The CEO’s comment is very positive and strong news flow should be expected:
“ Oliver Friesen, CEO of Golden Metal, commented:
"Since Golden Metal's admission to AIM in May 2023 we have put many important building blocks in place across our exciting Nevada focussed portfolio. With many of these important steps now completed, we move into what I believe will be a potentially transformational period for the Company. This will involve undertaking high impact drilling and project development studies aimed at unlocking significant value at Pilot Mountain in tandem with further exploration across multiple other Golden Metal assets.
"The need for the USA to reshore its critical, battery and defence metal supply chains is approaching all-time highs, and the Company is perfectly positioned to be part of the solution. I encourage everyone to watch Golden Metal closely as we enter what should be a very exciting news-rich period."
Read the last sentence carefully.
“Lithium Americas has received a conditional commitment (“Conditional Commitment”) from the U.S. Department of Energy (“DOE”) for a $2.26 billion loan under the Advanced Technology Vehicles Manufacturing (“ATVM”) Loan Program (the “Loan”) for financing the construction of the processing facilities at Thacker Pass, targeting to produce an initial 40,000 tonnes per year (“tpa”) of battery grade lithium carbonate (“Phase 1”). The expected Loan plus General Motors Holdings LLC (“GM”) strategic investment are expected to provide the vast majority of the capital necessary to fund Phase 1.”
That is an extract from the announcement. This is obviously very good news for TRR’s royalty as the project is greatly derisked with all phase 1 financing sorted.
MM’s conducting a tree shake by dropping the price 13% on volume of just 300000. They are clearly desperate for shares and this will bounce back heading north again when their attempt to panic investors into selling fails.
This seems to be following yesterday’s pattern with an early rise of 10% then setting back to 0.57% down. It then started to move up again in the afternoon with a rapid rise to finish the day 18% up. Currently the volume is 4 million with buys exceeding sells 2/1 and the trading has been very light for the last hour. I think the initial rise may well indicate where this will end and 10p would maintain the momentum.
It’s all about Satoshipay as it always was. I first bought into this years ago because I liked Satoshipay. Tony was the architect of this and if you recall a few years ago we almost became Satoshipay by way of a proposed reverse takeover to use BLU’s listing. Perhaps we should dust off that plan!
It’s very straightforward now and it hinges on what you think our share of Satoshipay will be worth. As of this morning our market cap is £2 million and Dynasty is worth £450000. Our share of Satoshipay is therefore being valued at circa £1.5 million. So if you think Satoshipay is worth more than £1.5 million you may consider buying at today’s price. I think most people who have stuck with BLU to this point believe Satoshipay is worth multiples of £1.5 million.
Number 7 on the Leaderboard Up 14.86% at 8.5p on volume of 4.7 million much lower than yesterday’s 28 million. This should continue to build as we await the next news which could land at anytime. As a very long term holder I have been waiting for the Bangladesh Government to give the green light and the true value which has always been £’s not pence to be achieved