Member Info for KingSuarez

"Is there a placement fue here"

1) What is 'fue'?

2) No

And today BTC have with TAP

There was a 10/1 consolidation back in late 2020. The share price is up not jsut because of the rise in gold, but also the rise in production too.

Change the *** to "research-tree dot com"

capital access have just put out a large research note. they have net profits at $77m with a $3,300 gold price average for 2025 (c$100m at current gold price):

https://*********************/dashboard/portaldownloadresearchnote?id=23_2025100102190096565&token=9b2fa11f-adcc-4b66-9874-6ffec105e606&partner=&whitelabelcompanyid=

Https://www.youtube.com/watch?v=OtdK4v8jFBc

You're welcome, thanks. Always worth popping along to these events if possible - there's usually opportunity to speak with management after the presentations to guage their reactions to any questions in private - that and there's some free sandwhiches and drinks :)

Oh and the Brazilian project was even better than the South Africa one and something about only needing to raise $50m via equity as all other funding would be covered by debt and some kind of government grant(?) sorry, I can't quite remember the details!

I went, but primarly to see another company as not invested here. Anyway, I enjoyed the presentation and came away thinking the presentor gave a very confident pitch. A few details that struck me were around the quality of the rare earth minerals (purity %) vs Chinese benchmarks, the economics being very strong even at current low rare earth prices, the fact that floors were being put in place globally over rare earth pricing more inline with the studies done by the company in 2022 (even though currently prices still offered a good margin) and he gave a good answer re: power supplies in South Africa - they do not have load shedding affecting mines as it's too dangerous, so no issues there and something about them having access to alternative renewable energy?

SquiB - B B B B B bbbbbbbbbb squib squib squib!

The term "damp squib" comes from the 19th century and refers to a small firework, or squib, that fails to ignite or explode due to moisture.

A squid is an organism that lives in the sea.

We (long term investors) believe it is very undervalued too, but it seems one or more investors are liquidating large positions and have been doing so for quite a while - it's dragged the share price down way below fair value. The company has had to spend on infrastructure to handle increased water flows, but these facilities are in place now to allow future expansion, so that has hit the financials as some of the capital cost was put through P&L - this is good for lowering tax payable, but perhaps makes the companies performance look worse than it is.

Lots of big exploration drills coming up in the next few months, so an ideal time to accumulate imho.

On 18 Sept in case anyone interested:

hTtps://www.proactiveinvestors.co.uk/register/event_details/461

Well, that presentation was updated on 24 June, and they seem to update it every month or so, so I wouldn't read too much into the timing of it personally.

You guys not following the oil price moves?

You say

"The far slower than expected ramp up must be very costly and INCREASING THE CASH BURN"

The 14 December RNS says:

"Limeco continues to deliver monthly operational POSITIVE CASH FLOW with aggregate production from the minus 60mm stream continuing to contribute"

?

"Broker coverage starts soon"

Have you heard this officially, or just expecting?

Don't wet your pants in all your excitement...

No, it's fine for me. Looks good.

Nothing major. A temporary stalling of production growth due to slower drilling activity over the last few months (no horizontals being drilled) has led to a bit of a decline in production rates from the high flush production of the prolific horizontal drills the company were doing (and are back to doing some of now) - combine that with the fall in oil price and someone(s) have been selling.

In that period they have however more than replaced produced reserves and increased cash in bank. We're expecting a return to production growth with some higher impact drilling towards the end of this quarter - hopefully that restores confidence in 2025 forecasts. Remains v cheap imo.

Sturm - you may be right about the erosion capex. I thought the bulk of the cost was being spent in 2025? My point is more about the water disposal infrastructure, that has been a significant spend over the years, but this is all non-recurring to get them to the point of supporting such high production rates - once the need for that spending reduces (i.e as it's all in place) free cash flow should be significantly higher as development capex will come down (unless/until they begin further expansionary plans).