Member Info for Joeman1

End of the world is nigh Roo? Or is it just a no deal Brexit?...... lol

He's right about the ESIA claims GFD I'm afraid.... there was an interview the same day as the RNS came out... the RNS stated Q2, the interview stated March.... it's been a bone of contention since .... but as long as its delivered next week we can finally drop it.... and hey.... the presentation definitely lists August for 2 great pieces of news.... so we can move on to debating whether those will be on time... lol

So.... minimum. 20 bagger guaranteed.... nice ......
Lol..... seriously though, the detail is improving but we could do with some of the promised news this month and next....

Shipping containers for small amounts yes.... but at what point are you renting a compartment..... and underfilling it?
I'm not an expert on shipping..... but raw materials tend to ship out of Africa.... commodities to Africa... more raw material ships will arrive empty and leave full than the other way around.... unless I greatly misunderstand the global economy... happy to be corrected and I'm only offering a possible reason why the bulk sample does move quickly from the port.... I'm not stating a known fact....

My thoughts on the bulk sample...... it's a long way to go for a relatively small cargo that needs to be segregated...... the shipping company will be waiting for a ship with a spare compartment for this........ anyone ever dealt with haulage and transport? If you are trying to be efficient you look for space on a returning transport.... or you pay the equivalent of the shipping charge for a full cargo...
Just my opinion, but as money is not for burning at the moment I doubt we will want to pay to transport empty space

Could still be an RNS before cob......presentation is at 6. Not holding my breath though.

You 'might' have spotted a trend there Horne but the increased volumes are in expectation of the ESIA being delivered before this meeting.

I doubt the ramping or deramping has as much impact as some suggest.... but the movement associated with the pump n dump, buy on rumour sell on news is one of the biggest killers of the AIM market imo.... I could ignore ramping/deramping all day, but it's the human instinct to chase the money that I find myself fighting. Fortunately I'm better at Ignoring that too these days.
We are due a steady flow of news though....to get into H2 without more than just the ESIA would be annoying.

https://twitter.com/DrRyanDLong/status/1150652834318376960?s=09
Basically majority of companies in spodumene are basing their economics in the range of 600 to 780 dollars/te.... and this equates with Q1 prices experienced across grades and contracts. Apologies if it has been posted before.... remember, our product is described as high quality low contaminant (admittedly by BA so far)

Gla

What are you on about Paulo?

Compressor can be sold at the same price or even more?
Only if it hasnt been used in anger and then only if you are lucky enough to find someone in such need that they will buy your unit to avoid delivery times.....
More usual 2nd hand equipment sells at a discount and a significant proportion of the discounted value goes to the handler you sell it through... but it is still cash once it's in your pocket I suppose

I'm not forgetting anything...... they havent presented the economics of the compressor. When John said 7times.... did he mean rate? Did he suggest what the rate of flow rate drop off would be after this improvement?
What I'm saying is, if they dont end up employing the compressor, it doesnt mean they lied to us, it means they are reacting to a changing situation. If their response by the 15th is that they will prepare a new environmental submission, then that is different to a position of litigation.... I'd hope that they would take countenance of the difference when making CAPEX commitments.
Wouldnt you?

Jester, I think the fact that they are reassessing it tells you everything. If Ascent wanted to stay in Slovenia this compressor would work all the wells at some point in their operation.... there is bound to be a minimum number of wells needed to make it a sensible purchase. (I dont mean in operation now but I do mean in the plan).
It does mean they are at least being dynamic with the situation and not getting hung up on dogma.

I doubt the compressor would be cost effective based on operating only 2 wells.... it would be worth it if it was an integral part of managing the whole play.... bringing in old wells and managing multiple wells through their lifecycles.
Happy to be proved wrong with numbers from AST but as I say, the value in the compressor to me would need more than 2 wells to be realised....

BiB, I admit I have used the information given to us by Kodal so far. The JORC amounts, the outline plan provided by the consultant that compiled the maiden JORC, their indicated cost of a simple DMS plant (15 million), and what BA used as a number for the balance of getting the mine into production (45 million, 60 total). The $400 a tonne margin that BA used in his assessment might appear excessive at the moment but I cant see this commodity staying cheap so i think it is more than realistic.
If you are going to pick holes in this position go for it because I am completely aware that these arent bankable yet they were preliminary but based upon actual data to date...... we are waiting for the numbers to be firmed up in the coming few months.... and a mining permit application by the end of the year.... only 3 to 6 months for so much to be confirmed.
I've only been invested here for about 18months, so not long enough to get jaded and long enough to be excited by the potential news in the next 3 to 6 months.
I agree with you on the comment.... I dont think these BBs move markets, but I do think they will affect individuals investing decisions.....
I will admit that cashflow weighs on my mind a little at the current shareprice, but I cant see a cash raise before the agm and I can see a lot of news being released before then so by the time they are looking for more operational funds (if they do need them) the shareprice should have recovered.
I've had a lot of good information from this board, from SorB's posts on the electric future, to Hornedrums report on mining fraudsters. And my position is that cant be too negative at this stage.

BiB.... it's a little bizarre you slating the man in a recent post then referencing his views there in support of your negative narrative... (btw I know you are having a sarcastic dig).... but it does make you look like you have a split personality.

We know demand will pick up.... and from recent analysis the current problem is refining capacity .... not end user demand.... so it's only a matter of time before this bottleneck is loosened.... as long as we are there or there abouts we will make money.
Gla

You are right Daz, I doubt its traders, but I dont like the term bailing in this context...... makes it sound like wholesale selling to escape something bad..... volumes are low and I'm sure if you were to interrogate any sellers you would find a whole load of reasons..... need the money..... another share they want to invest in.... moving trading accounts...... granny's bunnion making a prediction.... generally the buys and sells are in balance over the week and in my opinion the general news will be improving over the coming months.... for us, our neighbours, the lithium price, refining capacity..... it's all going to be upwards imo..... and I'd expect the shareprice to start to follow it

https://youtu.be/ifLxkO0w6B4
New solid state battery tech destroys current battery tech...... and guess what.....still lithium....

So many mined commodities to invest in at the moment that I think it is inevitable that people will wait for news before jumping in..... on the shareprice however, it may rise if the newsflow and sentiment simply stop the normal leaching of shares.... me I'm hoping it stays low until the last minute...... so its bound to rise sharply from now on...

Excellent video. Really identifies the impact of the refining bottleneck and the reasons for it.
For Kodal, we have to hope that the high quality of the spodumene, will make it desirable to refiners as a way of increasing their plant performance against nameplate capacities.
Hopefully we will get more meat on the bones wrt to this 'quality' premium product we are supposed to have.
It is obvious that the spodumene marketplace is going to be a complicated one to call in the future. It needs more benchmarking (like Brent for crude oil) .... it needs it's own commodity platform to trade on me thinks.

Lots of buys coming in today....
Yes, it is definitely Friday. That's not just my opinion this time, its actual fact! Gla