Member Info for K3VMC

Commissioned in March, doubling our output from 20 tone to 40 tons per month.

Double bubble.

Agrekko provided the generators. Cost of power is only 30% of what diesel generators would provide.

Mr Masterman likes to keep costs down. As an example of that, he always flies economy, even back and forth to Australia.

Extended to 20 years.

Heading towards 75mt, so I guess the 7500m drilling program will mean an updated JORC at some point. I think the current licence at LP covers about 8,000 hectares, but maybe someone here has the exact figure?

Pay back some Blackrock. Pay a maiden dividend.

That is the next milestone on my horizon.

Tonlin, you really don’t want to be accused of being in his fan club! I have had that from the trolls for years now.

I think I am at least an average judge of character, but I also value the opinions of his colleagues and employees, on his character and competence. Very happy with what I hear from them.

NMH19, read GIT’s post 07:08 for my reply!

No-one I know has been selling to get funds to exercise warrants, but extending the warrant exercise period would remove any doubt.

Ma, I think he knew EXACTLY how well funded he was. I think he was badly advised to take the placing. Note that he did not take his part in the placing, as he usually does. That suggests to me that he was conflicted about the placing and was avoiding any potential accusations of profiteering.

Was annoyed at the time, but over it now. Nearly.

https://twitter.com/angusenergyplc/status/1101073245326004224?s=21

Bob, you coming to the Footman?

May be back on Monday.

I reckon I would have been made inside by now, if a placing was coming.

I am certainly not selling. In fact, I am waiting for fresh funds, fwiw.

Weeks to wait now, rather than months, until LP is producing 20,000 mtu of WO3.

We have waited years for wres to come good. Six figure monthly revenues will soon become seven figure monthly revenues.

Once we have LP producing profits, we will get into our stride and start working Régua and our other valuable assets.

Safety, remember we will have decent grades, because they have been infill drilling.

Mr Happy, you were at the AGM!

You may remember I asked three times, if there would be another placing. I specifically said that PIs had supported and funded the company and that it would be galling, if there was to be a cheap deal for an II.

I think it is easier to stick to mtus. 200 tons = 20,000 mtu.

Turnover per mtu = $285 x 0.75 (convert APT price to WO3 price) = $214/mtu..

Ebitda per mtu = $214 -$94 = $120.

Monthly turnover = 20,000 x $214/mtu = $4.28m.

Monthly ebitda = 20,000 x $120/mtu = $2.4m.

Apt price of $400/mtu gives ebitda of $4.12m/month.

Apt price of $500/mtu gives ebitda of $5.62m/month.

TT, I understand your point. Having been repeatedly told that any II would have to buy in the market, I bought heavily up to and over 0.6p. I was spitting feathers about the placing. My view is that Mr Masterman just wanted to get Mitton on board. Nothing more. I suspect the sp was walked down to give them the price they wanted. That cost me a lot of money. It cost me a very lot of money, as President Trump might say.

There are usually at least two reason for an action: the good reason and the real reason.

So, for me, the cash was the good reason. Getting Mitton on board was the real reason.

Short of asking for a spreadsheet of the £1.5m expenditure, which would undoubtedly be met with an incredulous look, I cannot see any way of getting what you want.

Sorry. Maybe some one will ask him anyway.

TT, “The Placing ensures strong working capital reserves and balance sheet with institutional support as the Company advances its tungsten and tin development plans.”

From the RNS.

Yes GIT. Exactly the case.

L200, I already told you twice.

Life’s too short to go over it all again. You are welcome to your own research.