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Dropinmonkey, I agree your point that IIs may welcome some idea of the terms in which acquisitions may be made and how these may be value accretive. Ditto the details of a dividend policy. But, whilst informative, surely the former won’t drive share price increase by itself, as you seem to be implying. Zero value will be attributed until a specific acquisition is announced, surely.

When you look at the big shareholders, can you be confident the required number would approve a takeover at 45p? Unlikely, when you consider the actions being taken within the next 6m to boost the value of the company - proving additional resources, LOM extension and agreeing a way forward on Dugbe.

Thanks for the birthday wishes, Claret. Think I got my dates wrong - Taxi for Big Sam was yesterday; birthday today; so must be news tomorrow. Btw, agree with Tech Tom about dream N American Tier-1 partner - Johnson Controls.

NIce one Tom! Onward and upward. NSNO.

News tomorrow, must be. Why? Good things come in threes.....1. My birthday. 2. My team Everton have just god rid of Sam Allardyce 3. CAP-XX announces......:)

Expecting three good bits of news before end-June though: Prizmacap; Spire mass production; new licensee. If those three happen then you can wave goodbye to 7p in the rear-view mirror.

Tom, c’mon, spill the beans. And how come you think mass production is well underway when outfits like Mouser have no stock?

And 25kg per contractor at 0.5g/t implies 70 tons per hour. So perhaps the truth is somewhere in the middle - 100 tons+ per hour and lower grades?

Agree this is good news for the supercap industry in general - good PR. I see Maxwell are losing money hand over fist......

This will never drop as low as 1p. £3.5m mcap?! Forget it. The fact is, the company is closer to extracting value from the concession than ever, with most deals signed or on the verge. It’s Bird’s ham-fisted execution and communication that has caused the current malaise, but even despite that the sp should increase from here. Value to be had by holding and adding, IMO.

Misled yes, but continuing to knock over all the issues one by one and showing the kind of resilience and perseverance I want from the companies in which I invest. On the verge of something exceptional, in my view - and this time, genuinely close to completion.

Only the above ground resources are included in the DFS so far, 215k ozs at 1 g/t cut off. The underground resources are almost all still inferred and not included in the resource total (and therefore the NPV).

Can someone tell me if it’s possible to bring FB underground resources into the DFS in the near future without having to mine the open pit for a number of years? This would add significantly to the NPV (and hopefully share price) even after discounting for the period to when extraction begins. Separately,, if Moz can deliver 25kg per month from the alluvials then it’s easy to work out what their revenue would be, and XTRs potential equity stake would be somewhere between $1-2m per year, in my view.

The royalties will become THE major revenue stream in time, is my understanding. For that we clearly need more licensees and ever-growing sales through them. In the meantime, direct sales and up-front license fees will dominate. As we all agree, it’s all about securing all the above.

From the interims: "In August 2017, the Company announced its first high-volume design win in the wearable market and it is anticipated that mass production revenue will commence to be recognised in the second half of the current financial year." I suppose the word "commence" might indicate that it could be split between the year that ends this June and the following HY. As for AVX, what reason is there to think anything other than that it'll come around June time and will be the usual �1m or so?

OPEN, if the Spire follow on order arrives and is the expected US$1.0m (AUD1.3m) then I have no doubt we’ll hit that forecast. Add royalties (at least 0.5m imo) and regular levels of business and we’re there.

Sold a pup, I think is the appropriate phrase here.

OK Andrew, I didn’t see that post from CE. Completely contradicts earlier expectations of course.

400 tons per hour per contractor is consistent with 25kg per month coming into Explorator. 400 x 24x 30 x 0.5g/t x 19% after mining tax = 27.36kg. Of which XTR would get 40% = c11kg, or c$400k. Per contractor per month at that throughput and grade level.

One industry that I think could be fruitful is mining, where (e.g.) gold plants need many MW's of electricity and are often a long way from the local grid and therefore rely on diesel. One of the other companies in which I invest, Hummingbird Resources, has a large mine in Liberia that isn't yet developed, partly because the power costs are very high (diesel at $0.28 per kWh is the figure used in the business case). Hydrogen supply there would be an issue, of course, but if there's a solution to that then it seems to me that AFC's products could be very well suited to this type of situation.