Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@SP - there's also the PEA on Brazil to come at some point.
Another good interview - to me G seems fairly convinced that K-Tech are going to deliver positive results in a few months time (he only mentioned it three times as if it's a fait accompli). Focus seems to be on US backing for the back end process. Makes a lot of sense geographically with Mosaic in the wings. The front end setup looking scalable and fairly easy to replicate close to Uberaba.
07:55
GB - "Correct, we've got a lot more positive news flow to come, and hopefully we will start drawing the intention of US investors now..."
Looks like another 12 months or so till we get to full production - finance permitting. Ducks starting to line up nicely here though IMO.
Good luck all
ATB LB
@Shouston - these could be CFD swaps. Normally appear in 3's - same value with same time stamp. 2 +ve and 1 -ve.
Typical to see two of them appear delayed a day later.
There was a blackout yesterday afternoon on all LSE trade data (not just copl) so the 15:38 isn't visible. As you have L2 you might want to check if the 08:04 one for 500k is there in yesterdays figures. If it is then you have your treble and my hunch is spread-betters altering their positions.
ATB LB
@dv - scroll back a bit in this chat to my post on the 29th.
This news was actually published on the 23rd. No one (including me) noticed the delay until Joe mentioned it last night. The info is buried in the SEC filings page on Murphy Canyon's website.
IMO this 6 day delay is no biggie. Main takeaway is the merger is still very much on and happening.
GLA
ATB LB
Good spot - 6 day delay. Explains what was meant in the 425:- prospectus amendment and the changes to the proxy card. I didn't notice this date change when I looked a few days ago but it is there in black and white.
Thanks for posting.
ATB LB
A RBW LinkedIn post with a reference to a youtube vid today also.
"Rare Earths are used in magnets that are "used in everything from iPhones to Teslas, and Beijing has as dominating hand over them." - Reuters
#Rareearths are critical to the #greenenergytransition, and many countries around the world are looking to build a Western supply chain. This video by Reuters explains the significance of these minerals for our future."
https://www.linkedin.com/posts/rainbow-rare-earths_the-battle-for-rare-earths-needed-for-clean-activity-7102926716699832320-nrW9?utm_source=share&utm_medium=member_desktop
https://www.youtube.com/watch?v=nWMoYy4RSCo
ATB LB
Murphy submitted new SEC docs last week - 23rd August. Didn't see it discussed here.
https://www.sec.gov/edgar/browse/?CIK=1896212
The main form highlights the changes :-
1) provides an Amended and Restated Notice of Special Meeting of Stockholders;
2) revises the order of the subproposals relating to approval of amendments...
3) provides a revised proxy card...
It goes on to state :-
"Other than the above-described amendments, which are set forth in detail within the Prospectus Supplement to the Prospectus, the revisions do not alter any other aspects of the Prospectus. "
So it looks like final dotting and crossing of i's and t's.
Fingers crossed.
ATB LB
Morning all. Spotted a couple of posts regarding WTP and dewatering. Must be getting close to switch on.
https://www.linkedin.com/feed/update/urn:li:activity:7101252725362810881?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7101252725362810881%29
https://www.linkedin.com/posts/colin-smith-a3a57a79_pipework-fabrication-southcrofty-activity-7100466528382275586-xMzT?utm_source=share&utm_medium=member_android
https://www.linkedin.com/feed/update/urn:li:activity:7095690480352391168?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7095690480352391168%29
ATB LB
@Saxon, No nothing back yet. I'm a bit busy today but I'll try and give them another nudge over the weekend.
What I found interesting in Jaygee's video (at 01:00 in) is that he has independently arrived at the exact same overlay of the boundary as I had in photoshop. I suspect Jaygee has matched the two sources of data based on the shape of the waterways. There are 4 distinctive bends in the rivers on EUA's diagram that match up perfectly with google earth data.
Overlay it and measure it with google maps measure tool and WK tip to tip is over 19km across.
If I hear anything back I'll post it up.
ATB LB
@BB
I looked into this Q/M business in some depth, back along. I matched the timeline of the communications in the court filings to the RNS news flow and prevailing SP.
That 'offer' was made to the claimants not once but twice, early July and mid August.
If you've not connected the dots.... this was just before the second JV raise. Not saying anything for certain but hypothetically (highly likely IMO) those other parties mentioned could have been the HCW 26p'ers.
Remember this from the JV funding RNS?
'After receiving a more sizable offer, the Directors have decided to limit the size of the Private Placement relative to the offer to minimise shareholder dilution and at the same time place the Company in a stronger position.'
If my conjecture my right.... Q would have walked off with up to £80m and M around £7.65m.
Prospects for a sale, sentiment, potential uplift etc were significantly better back then than today, so my guess is Q/M declined the offer, as they fancied their chances at a higher return on the basis they could reinstate their certificates.
Doohhh!
In hindsight I bet they wish they had taken it up now. A 26 bagger (having paid £0.01 for their holding). They could have bought back in with the proceeds on the open market.
Just my musings.
ATB LB
Sorry forgot to mention this.... There seems to be an error on the EUA website in relation to the WK license map. Scale bar is out by almost factor of 2.... But in a good way
https://www.eurasiamining.co.uk/operations/west-kytlim
I've checked 4 sources (Google maps, google earth pro, sentinel EO and Bing maps) and measured from the production camp to the confluence of the two rivers bottom left of the red license outline. It comes out at 7.5km as the crow flies. The map on the website makes it more like 4 km.
https://maps.app.goo.gl/1oZJjuZkBedziGQYA
What surprised me... If you measure from the production camp over to the left side of the Typyl boundary on Google maps it's a staggering 19.3km as the crow flies. It's a way bigger area than I originally thought.
Will email the Co to clarify / confirm if the above info is correct.
ATB LB
Bit of an update. This clearing is located well within existing West Kytlim licence area (red line on the link below. So it looks like legitimate EUA activity. For context this new area (50 acres) is roughly 1.7km from the dragline, which itself is 1.8km from the production camp.
https://www.eurasiamining.co.uk/operations/west-kytlim
If you want to check it out, historic sentinel images show the time line of this clearing appearing. June/July was a bit cloudy so its not a precise science, but it wasn't there on a clear shot on 17th June.
It first appears on a partial image on July 4th, it then appears expanded on a clear shot on 29th, and finally a bit more enlarged on the 5th August, Since then it hasn't changed.
Shame I can't share the image here but I've managed to lift the licence area diagram off the EUA website and lay it over the sentinel image. That was a shock... it's a lot bigger than I originally thought.
According to photoshop... The current area you can see currently stripped is about 1/6th of the total licence area (red boundary). If you include the flanks and Tipyl it's about 1/35th. Again according to photoshop.👀
ATB LB.
Not 100% sure what this is. It appears that a new, fairly big, area has been cleared in the trees to the west of Kluchiki.
POSSIBLE that this lies within the Tipil/Flanks area.
Latest cloud free sentinel image of West K from 13th Aug. Point of interest is the patch in the centre of the image.
Perimeter 2.35 km.
Area approx 50 acres
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=59.53077109229777&lng=58.88543128967285&zoom=14&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=4&gain=1.0&gamma=1.0&time=2023-02-01%7C2023-08-13&atmFilter=&showDates=false
This wasn't there 3 months ago.
Same image from 18th May:
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=59.53077109229777&lng=58.88543128967285&zoom=14&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=4&gain=1.0&gamma=1.0&time=2022-11-01%7C2023-05-18&atmFilter=&showDates=false
Disclaimer: Hard to verify if this is actually within the Tipil licence area. Will try to confirm.
https://www.eurasiamining.co.uk/operations/west-kytlim
ATB LB
NP. To be fair sentinel is probably not high enough res for you guys. It's better suited to larger targets where you are looking for more general progress - say stripping operations in open pit mines. But one thing about sentinel it is absolutely up to date and all taken from one pass of the bird. Normally updates every 3 days.
Anyway - Posters here more familiar with the ground may spot something of use even if it's just a general trend.
Hope it helps.
ATB LB
You guys might find sentinel useful.
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=42.97256438667223&lng=-106.07578754425049&zoom=14&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=10&gain=1.0&gamma=1.0&time=2023-01-01%7C2023-07-29&atmFilter=&showDates=false
Copy and paste the whole link above. from 'https' all the way through to 'false'
One the link opens historical flyovers can be accessed from the calendar.
Top right is a satellite icon - best results are from Sentinel-2 L1C.
It's possible to filter the dates by cloud coverage by setting the min value required on the cloud slider.... dates in your calendar where the images are clearer than the threshold you set will be shown in white circles. About 10% is normally a good start.
Co ordinates can be entered in the search bar separated by a single comma.
42.972717,-106.075717
42.982944,-106,065796
42.979698,-106.080589
Tip> On a laptop/desktop browser, duplicate your tab. Then change the date in the new tab. DON'T ZOOM OR PAN either tab! Then you can easily A/B between 2 dates.
ATB LB
Yep. It's potentially an encouraging development. No coincidence we now have a Techmet NED.
Hoping for >1bn valuation in coming months !
These dudes are well funded and well connected.
Quite right, the CL funding was very quick. I'm quietly expecting them to fund a few other UK domestic projects.
ATB LB