Member Info for Lastofthesummer

Why you would set up a completely different structure for Block keeper i know not . Just adds complexity and costs That makes one think its Gardins next Gravy train

I just wish they would stick to the core objectives . Prove they are competitively advantaged on Bit Coin mining at a level that can be commercialised.

Do that and huge value is created . Hopefully ( probs not ) we get the RNS we all eant post haste

Were I the CEO and I had rigs on test that I honestly beleived were days ( or at worst weeks away) from confirming the last 5 years work I think I would be full on focussed on that rather than puffery about Quatum Computers coming back into the fray :(

And it looks to be another "can kicking" initiative ... I consider myself a patient man but Gardins ability to not deliver on what really matters is truly amazing ... Just prove once and for all you can mine Bitcoin at advantageous speeds or not ... Not saying its easy but we need something that can be commercialised quickly not more speculative work on Quantum Computers ... ( Face slaps forehead)

Well Arthur that did make me smile at least lolol

I would be very very very surprised if GM are "on the Hook" for anything in the contract . SCE would have been in breach on multiple occcasions given the production volumes . That GM were financing production which would not have been a condition of the original contract evidences GM will have had plenty of opportunity to serve notice under no penalty for breach by SCE . GM actually look to have been pretty supportive. They could have not helped with payment and SCE would have been insolvent pretty much instaneously

A shame all around

Having been through the ups and downs of Kodal over the past three years and some questionable Management over who/what subsidary pays for what maybe we are now getting to a semblence of a steady state producing company. (Full kudos to the management for getting through to production that seldom happens )

In that context can someone with more financial nous than I suggest what a reasonable valuation would be of the current One Plant production . I know we don't know the exact Spod prices but do we have enough of a feeling to do a rough and ready cash flow and get a base case and put an appropriate multiplier on that ? . That at least would give a feel of where the current lift in share price could top out as a base case before looking at production uplifted models .

Any thoughts anyone ?

GLALTH

Positively churrlish not to add a few more ..... todays fall overdone ..:)

I live in the Phillipines . Corruption is rife here. Just look at the current headlines relating to the Storm Construction Projects where Trillions of Pesos have been taken and critical works simply not done or if done they are done to a poor standard . External Investment in the country is limited because the risks are well known. I cannot imagine for one minute that the Phillipines will be nothing but a drain and diversion on management . The investment case here is Timor Leste . It's binary . We have already seen with the " helicopter" debarcle what happens if the eye is taken off the ball. I just wish the management had stayed focussed and not introduced a Philipino complication that will throw questions of funding etc and weaken the share price .

GLA LTH

B Positive

Current market Cap is c 19.5 Million .... A share price move to 10 quid from the current 0.22p is a 4545 X uplift ... thus the market cap at 10 quid is 8.8billion ......It's Friday methinks you have started the weekend party early and been on the strong stuff ....30% pfHH ain't gonna be worth anything like that much . I would settle for 200 Mill

ATB LTH

Any one know or have I missed when the suspension will actually be lifted now the Auditted results have been issued ?

I assume there's a slight delay as there will no doubt be some kind of regulatory process ?

GLA LTH

Patience rewarded this morning . Nice to see an aim CEO actually deliver in terms of exploration to exploitation

Getting to producer stage hasn't happened in my portfolio before I usually have exited before this point. I am tempted to stay in and benefit from the cash flow/. Anyone got a view based on the Hainan deal and spodumene prices what the likely cash generation is and thus the derived share price based on a sensible "producer " would be ?

Thx for any input

GLALTH Happy days :)

My investment in Rainbow was made on the basis they had a potential real competitive advantagein the Cost of production of REE's

This latest update validates their process works and works well . Given that their start point is Gypsum mine slag and their process has matrially less steps than starting with mined rock this is starting to get really interesting

Aside from the Process benefits the already exiting infrastructure at Phalaborwa furher pulls down costs. I would expect that to be the case in other sites worldwide and can't see why the chemical engineeering process wouldn't work or be adjusteed to work.

Add in "All very enviromentally friendly" and I am struggling to find a reason not to buy more

ATB LTH

Langib

The new auditors will want a thorough introduction to the business but the good nnews i would have thought is that the previous audit team will have done most of the ngrunt work in terms of preparation. They expressed they were basically happy and hadn't found anything material to worry about so the New auditors will presumabably check that which has already been prepared and reviewed. I would think something around week 3 of September is a reasonable guesstimate of when they will opine. If it was to run to November I would be surprised.

Shaun was nervy this morning. He clearly knew that there would be a negative response to some of the adjustments to the numbers. I listened into the web cast. He was at pains to use the word "conservative" in association with the forcasted numbers. I got the impression he was working to a brief to get numbers in the market which are at a level where they will be beaten. He almost inferred as much at one point.

There was some early chatter about the forcasted AISC rising but I don't think some people realised the 25 number had Stock piles acquired on aquistion so the costs of getting it out of the ground were not taken. They are in 26 so hence an apparent rise but we knew this was coming

Neither Shaun or the COO covered themselves in glory for clarity. It should have be a labored point Telfer LOM looks to be going to 29 In the minimum. Thats a big big point thats getting lost. Haveiron awaiting the DFS in December and not much happening before that doesn't resonate well with those of us here when GGP was just a drill site in the Paterson but we are generating cash and have no debt and a producing mine thats growing and the mother lode already lying under ground

Patience here should be rewarded in a II market where they are being aimed at Conservative numbers. At 2.50 and changed i couldn't resist taking another chunk. Seems churlish not too. Nothing much has changed that I feel will stop this growing further

ATB LTH

The increase in the ASIC is due to the "stock piles" Stock piled ore acquired on the aquisition doesn't have its costs reflected in the ASIC. next year there is less ore from the stock piles and so the new ore does reflect the costs of getting out of the ground

GLA LTH

I like RBW . I think it has a competively advantaged position. Good to see it pass a 1 year high on better than normal volume . Maybe something exciting is happening ?

I can't get too excited about anything centred on the Phillipines and involving Politics and Money. I live here and don't get me wrong I love the place but the place is instituionally corrupt and ponderously slow. Every large infrastructure project has multiple layers of money shaved from it. Things take a lifetime to get approved and changes in the political leadership results in stop start stop start .

The value in Sunda lies in Timor Leste perhaps if they just focussed on that we wouldn't have the " helicopter" delay . Opening in a new territory is sexy for a management team and also keeps the Gravy train running so I am always suspicious asto the real motivation

ATB LTH

Sorry 16 .35.21

Theres a 254K UT timed at 15 .35.24 on the main LSE site for 361. I guess thats the last trade on the last auction of the day.

Hopefully this turns out to be the turning point in the Sunda saga :)