Member Info for martina07

Still think Corporate moves are imminent.

Mkt cap too tempting at this level, for potential $1.6bn resource.

IMHO. DYOR.

Tremendous rise, but just back to where it was months ago - and remember, it's a long time before any real money starts flowing on this project. So far , its all just platitudes and frankly , an MOU with the Chinese is simply that, it ain't a JV or a Cash takeover that's for sure, as Leyshon Resources found out the hard way, back in 2010.

Much Caution Required. (from someone who has bin in & out of this for at least 10 years.). And that's without all of the Climatic & Environmental concerns - which are considerable.

IMHO. DYOR.

It does rather have the look of death about it .

We need some sort of reassurance as a minimum, or its going to go the way of RLD, another Ed Nealon/Bernard Olivier disaster from the past, now drawing its terminal breath. Don't know wot to say really - just embarrassing.

IMHO. DYOR. GLA.

Everything comes to he who waits - even Christmas !

IMHO. DYOR. GLA.

So, following Proactive Interview, HZm would still be making $3700 per tonne profit, even at today's Nickel Price, with Ni prices projected to return to $15000/tonne by the time HZM is coming into production. Looks OK.

Once Puma mine bought by Vale for $850m, and HZm have twice the resource of the Puma mine - Nice !

Time to ignore the chaff and LO & load up at 52 week lows. Yesterday was an outstanding opportunity in hindsight. Glad I topped up.

IMHO.DYOR. GLA.

Yep, has that feel about it. No news for months, then suddenly good news (which today's RNS undoubtedly IS) and then , well, er Placing..............Its like night follows day. As Monty Python wisely said. "A nods as good as a wink, to a blind bat." !

IMHO. DYOR.

Mmmmm. JM , DH & Graham Brown are serious Investors, who have had many successful projects, with large & small cap companies before. As Guy Martin wud say "They're not Messers, they're not Messers -not Messers".

In fact, it's the sort of BOD that you wud expect to see in a FTSE Mid250 Company, not a £2.5m mkt cap AIM Listed Company ! On the other hand, they haven't actually found anything really significant ................... yet ?

IMHO DYOR.

Oh well only 2 more days to the 28th. Just bin to the Greengrocers to buy my rotten tomatoes, and megaphone to shout "BOOOOO" at regular interviews, like those clots in the House of Commons !

IMHO. DYOR.

Wow, this is having the botty spanked off it ! LO must really want out - I wonder how many shs they have left ?

HAS to represent serious value at these levels, for the patient PI though - or the bargain - spotting corporate ? !

Suspect we will see some corporate action in the not too distant future ............ ?

IMHO DYOR.

Whoever is buying this morning (and its not me) is doing a pretty sterling job. More trade volume in 1 day than we've seen in the past 11 months, so the Broker, Shard Capital , must be involved as well, as they look like PI amounts.

IMHO. DYOR.

Plus, there have ben no real buyers since the IPO, only sellers of the IPO Broker, Shard Capital and no PR to follow up the IPO either - hence the lowly posn the SP was in last week. PLus general inv environment for small miners is pretty dreadful right now with Trump Trade Wars with China and of course the dread "B" word !

Results from Brannberg in Sweden were overdue BEFORE Merlin resigned, so are doubly overdue now and also underground drilling results from the old mine at Sligo canlt be too far away, to confirm direction of trend to last drillhole drilled to South , in last set of results.

It seems as though the Zinc/lead trendline goes South, rather than Northwest, as originally thought - towards the OX Mountains, which haven't been drilled properly or mined for the past 250 yrs - so new Zinc territory in Ireland ? that was the original thesis behind the formation of the Company.

Unisonn is correct in that we need an investment meeting between ADP /BOD and shareholders, fairly urgently to find out what the new future plans for Erris will be.

IMHO. DYOR.

Good pertinent questions Unisonn - lets see wot he comes up with. Don't know if JM will come up with any more cash as he's just put a load into HZM, their other project and David Hall owns 22% of Eris anyway. Still wud b nice to see. They won't pay more than the mkt price, that is for sure - you're not allowed to under LSE & FCA rules anyway.

Needs to set up a meeting with Shareholders to discuss the way forward , imminently , in my view. Happy to attend Manchester or London.

IMHO. DYOR. GLA.

By the way, LKAB's Proven & Probable reserves at Kiruna are still 350 Million Tons - so they aren't in any imminent danger of running out just yet. Also, they are just in the process of building a new Pelletising Plant, so that dusnt sound like they expect the immediate cessation of production either..........

IMHO. DYOR . GLA.

Aha, someone has had contact with ADP ! Is he OK and wot are his plans to turn this POS around. Drastic action needed as Merlin left it in a worse state than a Calcutta lavatory ?! Glad hear he is buying stock. Gud 1st move.

Is there a meeting planned in London. if so I'd like to be there.

IMHO. DYOR. GLA.

Well done Trellis & Noto. Agreed Both.

Questions and points that all need to be made to LR at the 28th Nov Seminar.

I'm sure that there are Far Eastern (Incl Philippine ) Companies who are interested, but the BZT BOD dusnt seem to have teased them out yet. CB seems to be conspicuous by his absence in all of these meetings and conferences . Wot the feck is HE doing - having said that Mankayan is worth $200m ? More questions for 28th Nov ?

Otherwise, this thing , as others have said, will just bleed to death and someone else will pick up the licences for very little. LR seems preoccupied with EUZ at present.

IMHO. DYOr. GLA.

Soz, JV with LKAB, that is.

IMHO. DYOR.

God, the Swedes cudnt organise a herring throwing contest at an Aquavit Party these days. Makes Theresa May look in charge. No wonder their mining scene is in such a mess. It truly is "SOS" for the Swedish Economy and maybe even "So Long " ?

On a brighter note, following Suzy's prompting I had a look at wot a JV might mean in terms of value for BEM shareholders. Assuming a 20% JV, 152m Tons Fe, 70% metals content and the current no of shs in issue, I worked out that BEM's share of Kallak wud be 83p per share. (Also including £100m of mine capex and assuming $40/tonne all -in OPEX).

Not small beer - IF it happens, big IF. But it's the only sensible route forward as the Swedes will NEVER allow BEM to Mine Kallak by themselves - we've seen that in the 5 year wait, so far.

IMHO. DYOR. GLA.

JV with LKAB by far the most sensible option for Kallaks, as stated previously. Then just watch the flood of bonhomie ,Govt cooperation and money for Kallak, come flooding through the door, like a sunrise over Ystad.

And BEM's share of the JV ? - 20% or thereabouts, I'm guessing ? Scoping Study, PFS, BFS to follow that. Then mine.

SP "should" re-rate at the JV announcement stage. Chance for stale bulls to get out.

IMHO. DYOR. GLA.

Agreed Noto. The big question is WHO will end up owning Mankayan and at what price. They are the only 2 things that matter now.

Will button hole LR on this on the 28th Nov in London.

Previous management were a shambles and just gave up. VERY disappointed in Ed Nealon, I thought he was better than that. But Hey Ho, that's the way the World goes - no point in grouching about the past - it's the future that counts. Trouble is , Mankayan is SO big that it needs a really Professional and Good Management team to deliver it - and I'm not sure that we have that at present.

IMHO. DYOR. GLA.

I say Chaps - Nursey says it's awfully beastly out there - has the World ended recently and I didn't know about it ?!

IMHO. DYOR.