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Yet again missed deadlines, and now the hint of cash shortage at least in the JV, causes SP decline. I could get 250k @ 2.188p as I write if I wanted to. But frankly I don't anymore. How many days have we had like this over the years?
Fun fact, the Share Price is the same now as November 2008. Bear that in mind when Dr Sener extolls the company's progress in the next presentation. The company is bigger, with far more fingers in pies but overall the shareholder return has been NIL over 15 years. By the way Gold has nearly trebled in price in that time.
At least one group of Stakeholders have some good news about their interest in the Company.
I think they should start their RNS announcements slightly differently.
I suggest 'Zinnwald Lithium plc (AIM: ZNWD), the German focussed company who show little or no interest in lithium development'.
Hi Van, all this from memory.
1) Agree. Think its officially 8 years but should go to 10 and in time maybe a couple more. The thing about Tavsan is that it is surface deposits even if the actual quality of the ore is low, so you pretty much scrape if off and process it. Whether that becomes a problem using heap leach as grade deteriorates further I have no idea, maybe you need a high heap or more of them! That's why they employ mining engineers. It would be daft for posters like us to speculate, just trust them.
2) Partly agree. Kiziltepe return will not be great and production will tail off rapidly. But the plant is bought and paid for so marginal cost of any newly discovered extension should remain low bar trucking.
3) Yep, lets hope its not edged back like Venus IPO!
4) 50/50, maybe announced, maybe not. I think that is one for 2025 myself.
5) Dunno!
Whether the SP this time next year will be significantly greater I wouldn't like to say. Similar bullish sentiments were held by many of us this time last year.
When the SP was 3.15p and gold was below $1800........!
Good post Stranger, good summation. Do hope that any significant discoveries are sold into Zenit on an individually negotiated basis and not this blanket 3x exploration cost (I think that's correct) if they are significant deposits.
Happy Christmas to you, Van, the Burnley Boys (good luck with Fulham and Liverpool), DJ, 4kandles, Shortarm and any pleasant posters I have forgotten!
Just read the past days posts on the other board and see that Konil had already made the point about Apliki appearing on the Cyprus slide. I would point out that myself and Konil and I are not one and the same, I'm sure he wouldn't want to be associated with a buffoon like me!
Hi VanVan
Yes, sad that this board has fallen pretty well into disuse!
It hasn't been a great year, at least as measured by the SP, but then again no disasters either. I initially didn't like the idea of Zimbabwe but as long as the investment there is paid for in services as much as it is in cash (my understanding) then it could be lucrative provided the political risk doesn't rear its head - maybe I'm being glass half full but the country became such an example of a basket case that maybe it is changing, voluntarily or because it has no option. We should remember how successful the mining was in the past in Southern Rhodesia which is where I understand Zimbabwe now occupies .
The Venus IPO has become a standing joke and I'm sure many (including me) suspect it's a blind alley that AAU shouldn't have turned into. But we are there now and you have to summon your inner Maigret with their presentations - I did notice Apliki appearing on the diagram during the BBR interview which gives me some hope.
Personally I don't see dividends in 2024, more like 2025 when the Tavsan operation is ramped up and the processing proven. I have no doubt regular dividends will commence. Unlike some on the other board I think a dividend stream will add to the attraction of the share in the market.
I feel the same as you about Hizzy (I wont try to spell it). I'm not hopeful because by all accounts nothing is certain there yet and it seems very, very deep. Again like you I'd like to see added value from exploration followed by capitalising, because otherwise I cant see any value there for me in my lifetime!
John
Nothing will significantly change this SP, or tempt buyers back in, until there is a realistic proposal on progressing from ore in the ground to mining/ refining without equity holders being wiped out. And even then that proposal must be in a time frame to fit demand. Add in Lithium prices down 50% this year and it becomes very hard, when on the sidelines, to get convinced to press the buy button.
Don't know why you bother DJ. I filtered it years ago, Makes me laugh that I think it's that twat who puts a comment, presumably derisory, each and every time I post (which is seldom these days). Doesn't it have the intelligence to realise that insulting someone who has filtered you is ineffectual and a waste of its time?
Merry Christmas and Happy New year DJ to you and yours.
He is brutal and will do whatever is necessary. At this stage someone like that is exactly the medicine needed. Sad that some parts are being cut off but the energy size is just constantly 'jam next year'. The main problems over the last few years now appear to be complacent management as well as the Vanadium price (which of course is outside the companies control. Same with Lithium producers as their product is doing even worse).
Surprised this is holding up as well as it is. No progress of any description and a Lithium price that is constantly falling. Even Gangfeng is down 50% in a year. I have funds allocated to reinvest if there were dramatic news here and check RNS every day, but I feel I will be waiting a long time. Certainly not reinvesting without news.
Hi Truro
I do write with a tongue in cheek but seriously I think that it will be a miracle if we get any money back here.As for denigrating CG then why shouldnt I. All he has achieved so far is fail and leave shareholders poorer. I am happy to hear any arguments to the contrary. Not even sure how liquid the share is with deals few and far between. I wish you, and me with my small investment,.all luck!
Come on Truro, we've talked on the Fox board in the past and on here. Fox shareholders have gone from the frying pan into an all consuming fire. This whole ECOB thing is a con. It floats, is almost immediately suspended, and after it does get relisted there is a total lack of news. You can hear the tumbleweed here. Chris Gilbert is guilty of ruining the savings of ordinary poor people who believed his hype. We've got quarries full of different marbles to match the Italians, we have a foothold in a prestigious Chelsea showroom, we have a London showroom. Rubbish. Now we are making sheds with kitchens that have marble tiles and work surfaces, give us money and I'll make you rich. The bloke should be one place. Jail for fraud. He wont get a penny from me in a fund raise.