Member Info for johnpwh

jam, do you know when the next acceptance level is due to be announced or did that calendar go out of the window with everything else? I agree that anyone still waiting for cash and whose shares still appear in their accounts should question if their acceptance has been recorded. In case of any doubt this was an offer to buy shares not a takeover bid, the default (ie non response) is that you not offering your shares and wish to keep them.
I agree, total and utter shambles start to finish and unnecessary stress put on long suffering shareholders who were abandoned by their BOD. Had things been clearer I may have reacted differently myself, but so many question marks - when you have a holding representing a non trivial percentage of your wealth you have to behave conservatively

Stratto
I started looking at this company and found out the up to date position from the AGM video from about 3 weeks ago. Start watching from about 20 minutes in
https://www.youtube.com/watch?v=J_wmoaUkWQs

Well ended up reading and watching GGP related stuff well into Saturday night. Who needs nightclubs (especially when you are soon to draw your State Pension)?
Thought the hour long video of the recent AGM was very useful, Shaun Day comes across as calm, knowledgeable and in control. Bit surprised by his small shareholding as implied by the Directors Deals tab on this site. Would like to have seen more confidence as measured by this.
My initial takeaways are:
Relatively low risk due to clout of JV partner
World class asset in Havieron, only partly drilled, with every drill result this far very encouraging.
14%(?) by value Cu, very important commodity with green revolution.
Ore production forecast late 2023, early production pours Q1 2024
Further finance implied to be by bank loan rather than dilution
Production facilities already exist attached to a near worked out deposit owned by the JV partner Newcrest
Further exploration taking place to expand understanding and reserves at Havieron and at other wholly owned sites in W. Australia.
Interestingly several mentions in AGM of takeover, as if that is considered a real threat/ option. Presumably this would be by Newcrest.
Very low cost as measured by AISC
Potential (though there are other views) for growing PoG as this has historically occurred during inflationary periods.

I guess at the limited rather level of my current understanding my only disappointment is the amount of this world class resource that has been ceded to Newcrest, leaving GGP with 30% (or 25% if the market vale purchase is also made). |Also the eye watering interest rate demanded by Newcrest for the (up to $50m?) debt facility granted by them when are supposed to be partners! Its the norm though I suppose, it's sad that under these circumstances the small fry with an amazing asset does get a little shafted - but as they say in Peaky Blinders. 'big f***s small!'. Having been a long term holder of Ariana (AAU) I have seen this before, its just life.
Seen enough to know that I will be logged on first thing, try to judge if the SP weakness is coming to an end and maybe make an initial investment.
Have a great Sunday
.

Thanks Dillon

Thank you OilMonkey, that is appreciated.
However the first sentence wasn't really necessary, doesn't really imply this board is welcoming to newcomers

Just a quick question for those better informed than me (not hard at the moment). I am reading presentations and I can find that Commercial Production at Havieron is predicted in Company year 2023 or 2024. My question is how well is the proposed production facility currently funded, and any idea of the magnitude of any further funding needed - is that likely to be via equity/ bond issue or bank loans? Thanks in anticipation.

Twohits
From what I have read I agree about the unsuitability of redox flow for vehicles due to, as you say, sloshiness and also weight and bulk. Advantages are lack of/reduction of fire risk and probably cost which could in time make redox flow the chosen form of static mass storage at wind and solar farms where the bulk and weight aren't so important . That would have a measurable effect on Lithium demand as to provide an alternative to fossil or nuclear power generation you need a lot of storage/ buffering.

Agree with most of what you say leas, though I maybe take more of the middle ground.
With the technology advanced Li has a bright future in at least the short and middle term. Beyond that who knows. There will be other technologies, indeed there already are, but far earlier in the development/exploitation curve.
I came here from BCN and have purchased more (thankfully at about 15p average) a couple of weeks back, quadrupling that 'seed' holding. More than happy to hold and see what happens from now.

PS
You and I have always been curmudgeons about PoG, amongst the constant theories about 3000, 4000, 5000 dollar gold. Obviously that would be great but with AAUs published costs there is plenty of headroom here. I would be far more concerned if AAU costs were excess of $1000 per ounce. Of course there has never been guidance, as far as I know, of likely Salinbas costs, which could be higher.
Interested to hear you view on Lithium. The company I referred to earlier was/is focussed on Lithium, and as such I know the commodity price has soared. As a legacy of that takeover (of a company several years from production) I have lesser amount (by value) of another lithium potential producer - again several years from production. Like you I am a bit of a sceptic, Lithium clearly has a bright immediate future for current producers but I do wonder if it will still be the big green hope even 10 years from now. Cheaper (and less explosive!) alternatives may well emerge. The tech to exploit Lithium is obviously already developed so will give it legs in the short to medium term, but I'm not sure how much further the PoL rally has to go.
Lastly I have to concur about Africa. Long time back I had shares in a Tanzanite miner called imaginatively TanzaniteOne. It became Richland Resources later. What a mistake. Locals helped themselves, beat up the security guards (and from memory killed one), vandalised the mine while thieving and all while the authorities sat round and did nothing. Probably hadn't had a thick enough brown envelope. There were another couple of investments partially invested in Africa, they had trouble too from corruption. So Africa ... never again!

Hi DJ
I forget where you are now. Used to be Texas but that was a couple of years back - trying to work out when you were writing as it was just after 3.30am here when your message dropped!
I spent an exciting evening re-watching the 'Mines and Money' presentation of a month ago, more than anything to find out more about Cyprus and the IPO of Venus minerals (a topic that have been discussed yesterday on the 'other board'). I didn't find out much to be honest, but did get left feeling a bit less happy than usual about the tone of the presentation. I have great respect for anyone who can talk for an hour like that, but this time feeling it conveyed of slight smugness and superiority about the company achievements and prospects. I was concerned that the implication 'everything we do will be fantastic because we are Ariana' a bit disconcerting - especially when it comes to timescales. So one month ago we are promised Tavsan production in Q1 2023 and Salinbas production in 2025. I will be happy to eat my words but I don't believe that. I looked up Proactive investors interviews and clicked on the top one. Turned out to be from late 2011, so thought this might be of historical interest. In it a young Dr.S said that the first pour at Kiziltepe should be in about 12 months. No wonder they abandoned the Gantt charts.
To be honest DJ I am clueless now (nothing new there then) about what to invest in. Many pundits are predicting a market correction, and although the UK market seems less of a bubble than the US we would still obediently follow you down. Yet deposit rates are pathetic. Bonds don't seem attractive with interest rates set to rise. May as well blow it on strong liquor and fast women before I get too old.
I have less AAU than I once did, but after much trading (was shocked to find its well over 100 deals now) I have have a few million shares at a cost of almost exactly zero pounds, shillings and pence. I feel comfortable to sit and let them play out. I have some money to invest having had one of my shares fall into the hands of the Chinese recently and haven't really much idea what to do with it other than stick it under the bed, the wine/women/song option or buy a Caterham 7 (If I'll fit in it).
Enjoy the 40 degrees, bout the same here. Good luck Claret and LoB against Huddersfield in the FA cup.
Have a good weekend all.

Well chaps and chapesses, think we are winding down here though I will keep an eye on the RNSs to see if BCN will continue as a private company or disappear with a full takeover.
Whatever your decisions I wish you good luck. GLA everyone, no doubt see you on other boards
John

The next divi is 4.16666% at the current SP, but of course there will be another along after approval at the August 2022 AGM -of the same amount - so 8.333% in the next 12 months. Can't see regular divis starting immediately after those are all paid....but what do I know? Still think with Tavsan and early production from Cyprus there is imminent news to look forward to. To be honest its nice to have shaken off the mantle of board grouch. That belongs to DJ now, a man who used to be so sunny :)

If I am reading right, the RNS at the end of July 2021 said that the second special divi would be paid 6 months after the first, which was paid the end of September 2021. So should get the second divi by end of March, and the associated declaration about mid Feb?

Wow
iWeb have finally paid out. I may treat myself to a small port or an egg nog

Rosy
Anything from iWeb yet? I haven't

Well iWeb are performing as well as expected foz. Me? Sarcastic? Never
I see lithium well up on the Asian markets again.......

Thanks for that leas/
Strong start today, i suspect people have been reading the Tip Sheets and considering their investments over the New Year break to give this string start today/
GLA, hope we all have a good year

So......markets reopen tomorrow. Where is the ZNWD SP going to go. Any prophesies?
I think in the short term the cash raise and the 'new' shareholders may act as a slight anchor. But with the Li commodity price strength, and the advanced nature of the project in a politically stable jurisdiction, I believe quality will show through. Certainly like to see in the 25p-30p range by mid year in the absence of anything negative from the company.
With such a major change in shareholder structure, and one major shareholder who would be unlikely to be allowed to succeed in a bid, a takeover is on the cards with such an important commodity as ZNWDs primary product. Please feel free to tell me I am talking rubbish.

I am new to Zinnwald, but like the fact that it is in a politically stable jurisdiction, has local demand for its product (which is in itself growing in price and demand) and importantly is focussed on one main project. I assume being in Western Europe labour costs are high, but I am becoming risk averse these days.
So many alternatives with similar MC have projects, often in dissimilar metals, at early stage dotted here there and everywhere over the globe - all of which requiring fundraises to continue or presumably risk licence abandonment.
And I have a golden rule in investments - don't touch anything predominately invested in the less developed parts of Africa - this may mean I miss out on potential good investments but I'd rather not worry about the corruption that, from experience, appears rife .

Exactly my thoughts Marcus. I normally groan when I see MF recommend one of my shares. Hopefully right this time