Member Info for Joe666

You didn’t miss any news, they never were on AIM, they have been on main market since IPO. DYOR

It's good to talk about an exit, selling is generally more difficult than buying. I can't give you a magic number though, it doesn't work like that for me and I don't have one. I'm going to see how it plays out over the next 6 months as that should give us all a bit more clarity.

The exit won't be based on price alone. I will be monitoring the progress the company makes, market conditions and commodity prices.

The mcap compared to similar companies is well under true value. Priced to fail, which obviously it could, but so could any of our peers. We're a bit of a 'one man band' which personally doesn't bother me at this stage, it could cause growing pains later, but it'll be a 'nice problem to have' when we get to that point.

Having invested through a few market cycles and been in three separate ten-baggers I learnt that the real money is made in true micro-caps who who can make meaningful growth during the boom periods. In this space there are loads companies that are well established with large BoDs and are well known to investors, but they won't make the same gains as a true minnow that has been overlooked during the bottom of the cycle. REE has all the attributes I look for.

One of my big wins was pretty much an instant success, the others took months or years to fully play out. It takes real strength to buy and hold an overlooked share, however hard you try to block out the noise self doubt will gnaw away and you'll question your own judgement, it does utterly break some people. The flipside is that when it plays out as you predicted you're rewarded with a feeling of satisfaction that money can not buy.

I think the Monte Muambe metallurgy results will be interesting, and have a positive impact on the project economics. Samples are currently with Auralia Metallurgy in Perth (the same company used by Mkango) and SGS Lakefields in Canada, results should start to be released over coming weeks and concluded this quarter.

When Mkango completed their metallurgy testing in 2021, their flotation recovery of TREO went from 67% to 74% and there was a tripling of flotation concentrate grade to 15% TREO from 4.7% TREO. Altona are starting from a higher TREO grade already and using newer techniques and reagents, which bodes well for a significant recovery upgrade and therefore reduced OPEX.

The metallurgy results will also direct this year’s drilling campaign to pinpoint the higher grade zones. The aim being to grow the resource in the most targeted way. If all goes to plan then it should become a project that, at PFS completion, will attract some serious interest.

I think the plan is to use existing data gathered by the previous owners, which is extensive, then plan some infill drilling to commence in April 2025. Cedric is pretty good at doing things on a budget and is talking about bringing a 'strategic investor' onboard.

Https://zakstraderscafe.com/interview-cedric-simonet-ceo-altona-rare-earths/7911/

Excellent progress. The PFS has been given a head start by the fact that the MRE and Scoping Study were far more detailed than required. Ongoing drilling will continue to grow the resource for the duration of PFS work, still so much to be explored and discovered.

Hopefully not the roast, those boys are kiss of death

Far better economics on a high-grade deposit. If they can increase the size while maintaining this TREO% going into PFS then this becomes a seriously valuable project. Market currently snoozing on this one, that will change in time.

Just bought another 100k

Cultured, have you looked at BSF Enterprise #BSFA ?

From memory I think they have said that City-Mix can increase the effectiveness of growth media up to 15 times. Incredible really when you take into account that growth media can be 80% of the production cost for lab grown meat. Seems like a game changing product with sales now gaining traction in the industry.

I'm expecting a strong bounce when it lists.

Https://audioboom.com/posts/8308212-the-sunday-roast-featuring-kendrick-resources-lse-ken-ken-tm1-glr-xtr-alba-groc-chll-vr

A UK first, this will be a big story with wide reach.

I'd expect the next raise to coincide with an acquisition, Geoff is monitoring several possibilities to join 3DBT under the BSF umbrella.

That's some impressive mental gymnastics Roger, out of this world!

DillyD, Buys are showing as sells and vice versa, because they are determined by an algorithm that gets it wrong a lot of the time, particularly when the spread is tight. Just one of those things I'm afraid.

Maybe the showcase will lack the glitz and glamour that some small investors were hoping for but it will still be a step up from the previous tasting. It will be based around a much larger fillet and additional products such as the pork strips. It's also expected to be in London and therefore pull in a new audience including national and international media. It could well be that they can't do everything they'd like regarding public tasting but they will make the event as impactful as possible within FSA guidelines. I'm sure they've also considered doing something overseas, is Singapore where the regulations are more progressive. The impression I get is of a serious company that wants the exposure without resorting to gimmicks.