Member Info for lootgaloot

Https://x.com/NewFrontierMin/status/1902841453757468887

That must be why the share price has more than halved in the last 6 months.

I only invested last month and already need a 40% uplift to break even. This on the back of a series of 'positive' RNS.

'The Company is evaluating the potential to operate Roan on this higher grade material at full production of 45 000 tonnes per month for an extended period exceeding 3 years.' They won't be doing this if it's not more profitable then the lower grade wast.'

You don't know this, its yet more wishful thinking. You have no idea what the company are paying for the higher grade. In fact, the company explicitly stated that this was to increase output tonnage and made no mention of increased margin. A reasonable assumption is that they would have mentioned increased margin if it was the objective. Given what we know (almost nothing) one could just as easily assume this is being done at a loss. This is a sticking plaster to buy Leon some time while he shepherds everyone's attention on output volumes rather than bottom line.

I've asked moderator to delete my last two posts.

Https://newfrontierminerals.com/wp-content/uploads/2025/03/NFM-March-4_FIN.mp4

I'm glad to see Elsol has already included a question on supply mitigation for April's Investor Call. Trump's flip flopping on tariffs is clearly having a much greater affect on market sentiment than most people feared. In some ways it would be better to just slap a tariff on all Chinese goods regardless, at least everyone knows where we stand. ITX are particularly prone due to reliance on itaconic acid as the 'company defining' raw material. Perhaps ITX can tell us if they are aware of other sources. Do ITX have the capability to manufacture itaconic acid themselves?

What gives me most hope is that we have a new management team who seem to act with much more purpose than the previous Castillo Copper management. A lot of investors are still focused on the past and I wouldn't be surprised to see some selling into rises in the first half of this year. Once we get into the proper trenching and drilling, I can see this fly. Assuming the mineralisation is as hoped of course. Unfortunately, I've accumulated as much as is sensible to accumulate and at an average of 1.3p, so still a bit to go for breakeven. But this is a great opportunity for new investors getting in now. to build a stake in the coming months.

Thanks Edgein, that makes sense. It looks like they are taking a methodical approach which should hopefully support continued share price growth for the remainder of 2025. I get the feeling the surface assays from January were just to keep newsflow going so hopefully future assays will be of more interest.

I was surprised the MOU with Austral had so little effect on share price as it's quite significant for future cashflow even if its not a 'company maker' the revenue should secure continued operations.

Looking forward to see what comes from the more detailed report later this month.

Looks to be building the foundations for what will be an interesting summer. I'm not expecting a big rise for the more detailed report in a couple of weeks, its probably more about identifying locations for ground work but it would be great to get a schedule with dates for soil sampling at these locations.

I must admit, the significance of the ENE trending structure is a bit lost on me. Can anyone explain?

What percentage of new business is generated by internal sales team and what percent is generated through distributors or other agents. Are the company satisfied by current sales activity of nominated distributors.

Agree with Hunniford, my biggest fear right now is the infamous 'Friday RNS', never a good thing. Also the lack of any share price rise in anticipation of results is a bit of a concern. I'll be happy to get to Friday close of day without any news, then fingers crossed for next week.

@shuvlin nothing I said has been 'disproved'. ChesterGreen pointed out that processing higher grades has been part of the strategy since August. Fine, but what I said is correct. The company are clearly moving away from lower grade material, this has always been very much part of the strategy so you have to wonder why the sudden change in direction. ChesterGreen called it an evolving strategy. I beg to differ, the 6th Feb RNS was sudden and unexpected. Others have called it opportunistic, well in that case they should have clearly stated the price paid for the material. It was a terrible RNS by any standards, yet once again the board are given an easy ride by the happy clappers on this forum. No matter what way you dress it up, the company have completely abandoned processing lower grade. This means higher feed costs and lower profit (or even loss). We don't know because we haven't been given the costs.

Thanks @ChesterGreen. I've checked the website as you suggested. I can see high grade material is part of the strategy. I was wrong about that. However, I am still not convinced that the figures stack up for low grade material and that too has historically been part of the strategy. Something isn't right about this company, you need only look at the share price chart. This forum has become an echo chamber of cheerleaders and that's not doing anybody any favours.

Rather than fretting about what some stranger posts on an internet forum, why don't you ask Leon why he sold the low grade material? What is he paying for the higher grade? Yes, they have processed low grade in the past; so why sell what you know you can process? Unless of course the economics of the business model don't stack up and have never stacked up.

We don't hear much from Neal Reynolds, former Chief Financial Officer. He's even dropped off linkedin. I suspect NDA has been signed. If I'm correct then that's very concerning.

What is the cost of the high grade material? Oh that's right, nobody knows. A lot of posters on here like to think of themselves as 'numbers' guys. Well you should be running for the hills because its now impossible to know if the numbers work in this new business model. Don't get lost in the detail, look at the big picture, this is not just a change in strategy. This is the complete opposite of what we were told this company is all about.

I've got to hand it to JLP, they did their best to polish the turd of the 6th Feb RNS but it looks like the market has now realised the 180 degree turn on strategy. Five years of telling us that they could recover low grade tailings only to suddenly announce they have to buy high grade material (at an unknown price) and desperately sell existing low grade stocks. Looks like the curse of AIM strikes again.

@SeisNav that's a very long-winded way of simply saying that you agree. So no that you admit the company are no longer processing low grade material but must pay an increased (and so far undisclosed) price for higher grade, perhaps you can tell me, if buying higher grade is such a great idea, why hasn't this been the strategy from the start? Perhaps because the company are desperately backpaddling in an effort to save face. Whatever the reason, clearly the logic to your initial investment in the company no longer holds.

Its now very clear that the company do not have the ability to economically process lower grade material, hence stalling IRH deal, hence the recent decision to swap in higher grade feed at Roan. The decision to sell off the lower grade stocks tells you everything you need to know; but it is also in direct opposition to the stated objective to accumulate low grade tailings. The copper strategy has bee a disaster built on the assumption the company could process discarded tailings that were previously thought uneconomical. Well, the institutions have done the maths and they voted with their feet. Its only the true believers on this board with their head in the sand that are left..

Why do I believe that blending Sodium Itaconate beads with Sodium Acrylate beads is unlikely to be accepted by the market. I’ve worked in the industry for over 30 years in technical and commercial roles and believe me when I say that selling ‘green’ chemistry is bloody hard. Unless you have a following wind of regulation to push the market in the right direction then most customers are resistant. The industry is very conservative and will only switch if both performance and cost justify it. Being ‘green’ is seen as a ‘nice to have’.

Having said that, some areas of the market can be very open to ‘green’ technology. Cosmetics, Personal Care and some parts of the FMCG market. Young mothers thinking about the future of their children’s planet must be marketing nirvana. But the message needs to be bold, simple and clear. No wishy-washy half measures. How do you ‘sell’ half a solution…

Roll up, Roll up; Buy our nappies because we’ve replaced 60% of something you’ve never heard of and by the way, the rest of the nappy components are still made from fossil based plastics so you can’t actually just throw this in the recycle bin after use but trust me a little bit of what’s inside it is now biodegradable.

That’s not really the most catchy marketing phrase.

Maybe I’m being too cynical? But if Itaconix can get the performance and cost right, and if their product can replace ALL and not just part of the current superabsorbent[ then this is a massive opportunity.