Member Info for LTbeliever

99, thanks, it has, but not in its entirety.
I think the essence is that it covers both the potential to sell part of DX, and that the EPC is still being discussed - remember, the article is dated one month ago:
"Last month, Kore effectively put DX in the shop window after releasing an update to its feasibility study in which DX’s life of mine was reduced to 12 years from 30. That resulted in a cut in the project’s net present value to $275m. Nonetheless its sale would provide Kore with financial firepower and perhaps even keep the RoC government off its back..."
"The company’s focus has since returned to Kola, including finalising the agreement with the Summit Consortium, said Sampson. “There’s a small number of issues we need to agree on but we’re not disagreeing,” he said."
If we get news on one or the other in 2 weeks (EPC or DX sale) then the SP will easily 3-4x, as a minimum. IMO

NU,
Can you see the 3 missing trades? 2.7mln etc? they seem to be Buys.

99,
I think we are saying almost the same thing :)
"The EPC proposal will be based on the capital cost and construction schedule from the optimisation study." USD 1.83bln, as you say, thus some funds will be needed for admin etc; so, I said up to 10 mln for 2-3 years but that will be raised after the EPC and hence at a much higher SP.
If the EPC cannot be concluded this year, for whatever reason, I said that - with funds now maybe at $4.5 mln - the Co can tick along for 3 more quarters without a fund raise because it will spend maybe another 500-600k to Year end. IMO
This, I based on cash burn in the last 6 months, excluding study/exploration costs for Kola and DX.

IMO, with the next RNS we'll get 100-150mln shares' volume.

As said before, I think the radar silence is not negative; rather, I think GJB - after his debacle with DVRG - wants to hit the ground running in 2023 with MSYS by using future RNSs to get the maximum impact; hence, no snippets on Twitter, no leak of information, nothing.
And the fact that the SP rose 20% on Friday (when everything else was crashing down), on still low volumes, indicates that the MM was caught low on stock.

NU,
I think the main thing now is for MSYS to show it has turned around and it will break even / make a profit this year; once this is clear to the Market, then any selling by Helium will not matter because buyers will scoop its shares up. IMO

NU,
Nice comparison; huge damage in 2022 (sold off almost 400.000 worth of shares), now just 20% of that remains (in Pound terms).

Sol,
I'd say out by summer; they have been selling 5mln shares per week, on average, during a period of No news and low volumes;
Volumes should pick up once a couple of RNSs are released. In any case, their stake is now worth less than 90.000 quid, so much easier to absorb in just a few good-news trading days.
IMO

Almost 50mln shares disposed of in the last 10 weeks; 189 mln to go!

Have u considered that a Placing may ONLY take place for supervising etc the mine's construction and thus, happen AFTER the EPC etc is announced?
A Placing - by definition - means that the Co will have sorted out its cash needs for the next 2-3 years; they will not go into the trouble and expense of a Placing to get funds for less than 10 million.
Maybe you'd change your Target price to 5p?

Other than ALB's agenda to scaremonger (I assume he is the seller), sells in the past few weeks have not really exceeded buys by much; and definitely no sells by major holders as they have to disclose changes in holdings in increments of 1% (eg from 5 to 4% etc).
I wonder why the recent change of tone in ALB' posts, from bullish to bearish, when nothing has been announced yet; maybe he has a big short and fears something positive soon (especially given his bragging about "whispers" etc)?

It was 1.7p exactly1 year ago, just before the Kola optimisation study was announced (leak?);
in any case, yes, whatever we say is pure speculation, so let's wait; only 3 weeks to go.

Wacker,
I think that a Placing will only occur at 6-7p, after good news are out, meaning a mkt cap of over £200 mln; even a 10-15% dilution would mean a PP of say 5p and it'd be placed with the big boys, not us. IMO

BTW, there may be (MAY) a silver lining to the US made xxxx ;
If by Monday SVB is taken over and this episode proves to be non-systemic but a case of bad fin. mgt of their investments, this will blow over quickly, but make the Fed think twice about a 50bp Vs a 25bp (priced in already) rise next week; and if it keeps bond yields lower than otherwise, a positive for a Co seeking to borrow up to a Billion to build a mine.

Fluffy,
I'm not on Twitter but I'm sure ALB would be keen to share ideas with you :)
And whispers maybe.

Fluffy,
Maybe you and those folks should talk to Brad about a mini-Placing? :)
3 birds with 1 stone; Co gets more cash, you get your new 30 mln shares cheaply, and all the talk about cash running out goes to sleep.IMHO

ALB, you said..."Either way LT,,,,Red or Black and spin..."
This is wrong as you imply a 50-50 chance;
1. co has $4.5mln cash and, if no news soon, it need not raise funds for a few more months IMO
2. Should a dilution occur, it will be small and temporary (as investors will put in money on the proviso that the EPC will go ahead) because either a small amount will be raised, or the EPC will have been released thus requiring a bigger amount (but diluting a much higher SP);
3. SVB just went belly up in the USA (it had a mkt cap of $37 BLN!) because nobody was willing to bail it out; KP2's holders are cash-rich investors from the Mid-east, Chile, Australia, China etc; thus, no risk of the Co running out of cash; and it has zero debts; spread of investors is also a reason why I expect the RoC Minister not to tamper with the license.
4. Co has real assets that it could utilise to get some cash eg DX; Management is experienced and well-connected, I will be surprised if no news are forthcoming by April.
5. As explained before, downside is limited to 20-30% (temporarily), whereas upside can be substantial.

sorry, to clarify...operating cash burn (admin/salaries) was 110k in Q4, y/e b/ce 5 mln.
So, Q1 23 cash b/ce could be well over $4.5 mln.

Correction:
Cash burn in Q4 2022 was just over $110k (6.2 mln - 5 mln - 1.087 mln), leaving a cash b/ce at y/e 2022 of $4.9 mln.
Enough for whole of 2023 if no major activities.

The 2 main holders have made hundreds of millions from high lithium and oil prices; a few million $ will not be an issue, should the need arise to fund KP2 for another year;
The issue is the uncertainty around the EPC; this needs to be resolved soon and the Market will expect an answer come 31 March IMO.