Exploration Target24 May 2024 08:33
Is but a matter of days away, my estimate is less than 10 trading days until we have confirmation via RNS. I think it’s going to be very detailed as it coincides with SB landing in EU / UK for 2 weeks. I also have a brief meeting planned with SB to discuss this and other items which I’m very much looking forward to & in my opinion SB appears to be very happy and keen to get going on these two weeks travelling which going by experience tells me a lot.
SB started in Empire 3 years ago exactly and has led the transformation of the company in a manner that is unusual for AIM. We’ve all seen & unfortunately experienced an AIM company where the CEO treats it as a lifestyle company issuing shares like confetti where shareholder value is decimated. Since SB has been here we’ve seen a complete U-turn on projects (2 steps back), refocus and target new projects (3 steps forward) & consolidation of others (2 steps forward) leaving us with an all time high Mcap (January 24) and currently circa 400% increase over those 3 years. Not only that, but we have arguably one of the most exciting companies on AIM today with a monumental opportunity for shareholder reward.
Let’s not forget the positives because it’s all to easy to fall into a rut focussing on the negatives, mostly dropped in here by posters insinuating problems & then disappearing soon after. That’s not to say concerns shouldn’t be discussed, challenged & debated constructively. That’s a must!
Tier 1 Location
Pro-mining jurisdiction
Govt focus on commodities with financial supports
Financially / Commercially astute BoD
BoD with an reasonable level of “skin in the game”
Potential for alternate commodity find (copper)
World Class Titanium find
Commodity market dynamics to improve 0-36 months
All share AIM index 3 year down to rebound 0-18 months
Significantly high grade levels (4%-6%) - Existing peers (1%)
All available near surface & from top to bottom
Existing infrastructure (roads, rail, water, plant, electricity)
Expertise across multiple important areas (employees)
Exposure via these experts (Lundin, RIO, BHP, Fortescue)
Cornerstone investor focussed on construction (Saudi)
Strong PI shareholder base with multiple large holders
Cash burn control has and always will be in focus
Warrants exercisable far north of current SP
Make no mistake, all AIM or main markets have their risks but assessing those risks Vs the rewards on offer is the key. The opportunity here is monumental IMHO and it just depends on where you sit for the ride ahead all starting June 24? I know where I’ll be, front row dead centre. I’ll see the ups & I’ll see the downs but one thing I expect is that my view of these ups & downs will be getting higher & higher as we progress towards production.
GLA & DYOR
ML
P.S. C’mon Leeds for Sunday!!!!!!!