Member Info for JimBL

"..also vast differences to note between Brazil and USA".

Indeed. Which is the point made when trying to draw any form of comparison.

It's not really the same commodity or use either - unless we lump all 'fertiliser' into our comparisons. HMI's product (KP Fertil) has 3.25% phosphate content and is marketed as a 'remineraliser' in Brazil

When a comparison study was undertaken on sugarcane growth, it performed far better than another product (Bayovar) which is 29% P205.

Horses for courses therefore. Can't compare apples with oranges.

You would think so. Looking in, it would seem that feeding a demand for phosphate due to shortages is a bigger market than solely remaining focused on organic users and medicinal cannabis growers. We can do both, surely?

Finding a way to tap into the commercial agricultural sectors fertiliser needs at the current time would seem a valid strategy. It's exactly why I'm saying we don't know what the strategy or marketing plan now is.

Good question. Why do we still not fully know the answer and/or are not getting updated on it? That's my point.

From the original 2020 acquisition RNS: "Importantly the marketing strategy and ability to carve out a market share is underpinned by the ability to sell a premium, higher grade product to our competitors at a competitive price. This strategy has already been validated by the first order of 770 tons, representing approximately 15% of projected sales for the year ahead."

We have no idea how that strategy is going or whether the market actually wants a product which has 4x more phosphorous content than the average organic supplier.

Grossly over simplified.

The vast majority of US fertiliser users - the commercial agricultural sector - will not be seeking out highly priced organic product at the very time costs are rising across the board. Our market is the organic sector. We still have to create market share within that. It's not going to happen all by itself.

I'd much rather be hearing about how sales are going, what new customers we are attracting and what the new marketing strategy is (and who is overseeing it) than an update on access roads.

RL's public messaging continues to suck.

I'm firmly in the camp of your final sentence.

All our Govt approved bulk sample seems to have done is assure the Togo Govt we have a lucrative and viable project in our hands. I am still of the opinion that Gnassingbe is trying to screw us out of it. There's no rhyme nor reason for not granting the license otherwise.

'More interested in hearing something else from the BOD which will make it go up!
No idea what the sp will do based upon those who seem to have jumped in here on the rise and seem to be getting out just as fast.

On his Linkedin profile.

The same people stated: "Nayéga Manganese Project, Togo; a local country manager was recruited last year to accelerate approval of an exploitation permit."

They fail to mention at all that the same bloke (Blaise Gozan) has now left and is working for PWC in Canada. The BOD felt an RNS was warranted to tell us of his recruitment, yet they've said nothing at all on his departure. There's no evidence he ever was in Togo for KRS and he's clearly did little positive to advance the license.

Intrigued to understand that claim, considering we have virtually no market share yet of a specialised market and product -- that being organic.

We aren't selling or producing 'normal' fertiliser.

It's a valid point though. Now FI and their incompetent marketing has been kicked into touch, who is doing ours now?

Not too different to the proposition we had 8 years ago, when Togo license was first touted as being 'imminent'.
We had IO assets then before the backside fell out of that market. Moved into gold tributes, which didn't work out either, but led to CAI.
What we need here is for RL to perform with KRS like DR has done since jumping over to CAI. We've got a saleable product in a hot market - we just need to create that demand and our own slice of the sales.
As for Togo - I may well be pushing up daisy's before we ever see that happen!

LOL, I said and thought that, 10 years ago...

Bang? What do you think is going to make it do that?
This is a slow burn until any ignition may take place. We have to create a market share first in order to meet the targets the company initially had.

Yup. At least we now have a chance of swimming and not sinking!

Cool your jets. All is not as anywhere close to being as straightforward or rosy as you are making out.

The plant has still to be finished commissioning, which was halted due to suspension of operations due to the legal wrangle with FI.
We've now got to find another $1.8m for having acquired the rest of the company, be that through off-takes or whatever, it still has to be found - and we spent all capital from our last raises in propping up FI's failed marketing efforts.
Total sale's prior to suspension amounted to only some $300k. We need a serious marketing and sales strategy to start getting anywhere close to the planned targets, if of course we can build our market share as planned.
There was enough ROM for only 2.5 years initially, of which 22k ton was premium ore and 15k ton medium ore.
An infill drilling campaign was to take place in Q2 of last year to delineate an additional 100Kt representing five years of JORC compliant ore reserves. Obviously that didn't take place and funding for that also now needs to be found.
And of course, the over-riding disclaimer to all of this is that the majority of remaining in-situ resources " have not been classified according to any International Reporting Standard" (i.e. no JORC).

You guys chasing 'risers' and getting all rampy should do some homework. This is not going to be a walk in the park.

The worst of AIM peeps on display here. Hopefully this board gets back to normal soon and we read comments from people who actually know what the company does and doesn't do.
Hope you are well, Andee.

If your here long enough, then come to the next general meeting and have a go at that.

I think you've bounced your head a few too many times.

Go read the company presentations and other research why don't you?

"Diamond Creek currently has operating costs of US$229/ton reducing to US$92/ton in Year 5 as production and market share increases. The premium product is being marketed at a price below its competitors with respect to price per available phosphorus unit to ensure market share is gained."

That was the aim. Sales thus far, prior to suspension, returned a price of $269/ton. Therefore, only $38/ton 'profit'. We are in the market to provide specialised organic fertiliser, not run of the mill DAP fertiliser with far lower phosphate content and mixed with other compounds.

Jeez!