The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I would hope the extension would be less than 12 months. A lot of what needs to be put back through the FEED is mainly a logistical basis.
Locating the Plant on an existing Coal Fire Power station site should mean a lot of the inputs to any environmental assessments will be based on already recorded data, targeting the necessary markers..... so a lot easier than a site that was maybe previously used for a lighter industrial duty.
What they should be able to do fairly quickly is tell us how long it will take to turn around the DFS.
You say "not one of the big ones coming" but I consider technical validation of the Flowsheet at pilot plant level to be as important as confirming the economics from the PFS.
I think this is a great bit of news and it reduces risk significantly.... see how well within product specification we are? Spot on.
Surprised nobody has pointed out this is equal to his ISA allocation.
Considering how many boards NvS has got his big toe on , surely this adds another perspective to the signal from him.... if he has added it .... via a mechanism that is extremely rewarding for shares that 2...3...4...5 bag.... but offers no ability to offset tax when the shares lose...
Is he sending a signal? He is going to make more tax free money from ARCM this year than any other arrangement he is involved in?
just a thought
Rather perversely, im happy with this particular delay..... should allow me to increase my holding at very cheap prices while I arrange my 24/25 ISA allocations.
RNS suggests its a further announcement in April.......It would be funny if the "announcement" ended up being the DFS and surprised us all.
There are 38 battery production plants in Europe ..... and as you say the supply chain for the raw materials currently flows almost exclusively through China.....
...... so if we DONT get mines and refineries like those proposed for Cinovec, all vehicle and energy storage manufacturing in Europe is exposed.
So contrary to your suggestion, there is a value chain to be generated, as well a strategic necessity. If we dont do these projects we might as well turn off the lights on the way out....
In so much as we are now both exploration companies (and assuming that we have to attribute minimum value for BR under the current copper market).
I think ARCM is ahead as their fully financed drilling campaign is already underway, and the additional payments they will be getting from AA doesn't need to go in the ground unless they wish to explore other areas.
Although we know we are getting say £15million over the next few years ... we need to start putting that in the ground to return value.
At the and of the day both companies could end up in dust.
Just my opinion.... and im invested in both
Is there a timescale for delivering a JORC on this resource? Great to see another potential source for this stuff as its expected to be a tight supply area going forward but I was looking for a scale to go with quality.
On the watchlist now