Member Info for ID78

Big bite now, a few people trying to get in cheaper here I think.

Value will out; as you say there is mitigation that can be used to improve things (pre concentrate units).

As I said this is a healthy starting point. It’s not a blockbuster RNS but a solid foundation to build from

So 2 plants (18000tpa) running at 50% capacity each

- 18000 x 50% = 9000 tpa or 2250 tons per quarter

- per plant

So this is 4450 tons per quarter for 2.

Feed rate is at 75% and increasing this to 100% will then give 6000 tons per quarter.

Andii… you had numbers that showed we were profitable at 6000 tons per quarter to the tune of $2.4mill a quarter?

Double the profit margin of a competitor with a MCAP 10times ours?…

I’m not sure I’d call that an unmitigated disaster; I’d call this a healthy starting point with significant room for improvement.

What’s your thoughts Andii? You have a good grasp on things.

Thanks Dai, I’ll do that

Hope you’re well mate

Uggh ‘rest on the side’ - not soldier.

Flippin phone

LW has got a point re. volume..

Time will tell, I’ll leave the rest in the solider and wait for results..

I meant buying volume!!!

Looks like that 17.25p resistance is being a bit sticky. We will see what happens tomorrow.

Madness… no reaction to the debt reduction.

Both MTL and SHG are so undervalued … it’s just madness.

Joe - I agree, that video would not be made if things weren’t going well.

Yep, thanks Andii (and HarChris).

Here’s hoping volume picks up a bit this afternoon :)

@cperkin - noted and good point.

My plan was the lower risk lower reward of LW - wait on results. I’ve taken a small position today after that tweet and based on what I just said.

Room to buy more - and I will watch the volumes more closely…. Thanks again 👍

Turbot I agree.

In addition the recent rig issue was well handled. Lorna gave a date ‘in the region’ and then delivered early. I suspect they always had in the region of a week as a target but gave 2 weeks for additional delays, to be conservative. Best case they look good. Worst case they hit the 2 weeks in the RNS, nobody is disappointed. Underpromise and over deliver.

This latest tweet - reminds me of the grinning DM and his Helium shows - but the management are more conservative and so this is understated and a subtle nod to the market that they’ve found what they expected. I don’t think they’d say anything AT ALL if they hadn’t found Helium. That simple. Too much egg on their faces from that DM tweet from TAI-1. Hence this more conservative (more professional) approach from Lorna where they are underpromising and overdelivering.

Of course- this could be positive reinforcement (wishful thinking) on my part.

Hi Ezhik… watched this SP drift and your post at 7.20 is spot on, management have turned this problem into an opportunity. The SP will do nothing for a while but this is a good opportunity for next year and I’ll look to buy closer to Xmas.

At least we now know how long a bit of string is :)

I’m kinda struggling with the responses to Beechknot’s post. It looks about right to me.

Maybe with a headwind 20p max, if there’s Helium. We know with dilution and the market being on it’s ars* at the moment it won’t get as high as before.

If no Helium it will fall back and below the price when they had to stop drilling the other week. Not too sure what’s wrong with the post tbh.

Sorry, yes *4 times

Andii - Wow… 14 times the volume for half as much profit?!

Wow.

My char has 17.25p the last resistance before 20+..

Someone keeps buying 50k chunks… please keep going :)

Hi Lee, yeah I couldn’t see anything wrong either with those numbers.

And the SP bounced back. Shock.

So… the SP has been stuck in this price range since April.

Since then the debt has reduced from $69mill to $30mill. So the pay down in debt of $39mill has not budged the SP one bit.

2 more quarters and MTL are debt free.

Am I missing something?

Thanks Andii…. sorely tempted right now.

It’s either going to retreat from the 20SMA or it’s going to break it and then off for a run like Zak says…

Stuff it… risk reward has to be good at this price.

Troajan - any thoughts on TGR, could be the bottom?