The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Weird that they will let you buy £500 @ 7.0 and the next quote I can get is £10k @ 7.09... not giving anything away in the middle
Happy to take 25k of shares at 6.8 though so they must be filling a big order
Sorry I was referring to Vermlho.
I expect removing the Sulfate Process from the mine will have an impact to the project economics for Vermelho, I'd expect a reduction in the Capex and the timeline to produce the mine if we can simplify the process.
What I am trying to understand is the potential significance, I don't know if the sulfate process is say 10% of the mine cost or significantly higher. Looking at the processing kit involved, I'd expect this to be higher and will reduce our cost and time to build the mine.
Hoping we have an update on Vermelho soon, should be some huge upside coming here
One of the key topics is that Tesla want to simplify how they process the raw materials by removing the metal sulfate production step and starting with the metal itself.
My takeaway from that is Tesla just want the metal from the miners, not the metal sulfate.
I am not clued up on the sulfate process but by taking out this step, will this not have significant implications in our mine plan and Capex requirements? Appreciate anyone's thoughts who has some knowledge in this area
Good summary Harkin.
I can't believe people are selling at this level before battery day. Although it's a small possibility we land a deal with Tesla it certainly is possible and all of the signals are there. We tick every box for what Elon is asking for and I'm sure we must be on Tesla's radar.
Even if Tesla are not in on Vermelho, tonight Elon will lay the blueprint for EV manufactures to move into battery production whilst stressing the huge demand for batteries. If Tesla aren't in on Vermelho, another big EV player will take the opportunity
Important note about Tesla Battery Day unveil tomorrow. This affects long-term production, especially Semi, Cybertruck & Roadster, but what we announce will not reach serious high-volume production until 2022.
We intend to increase, not reduce battery cell purchases from Panasonic, LG & CATL (possibly other partners too). However, even with our cell suppliers going at maximum speed, we still foresee significant shortages in 2022 & beyond unless we also take action ourselves.
I've seen a few people mention that the placing being over subscribed is a positive... in normal circumstances I would agree but from what we have heard it was massively oversubscribed up to £20m.
I have never seen a placing oversubscribed by that much and the only reason for it was it was too cheap. With that demand they surely could have got a little more.
Again this shows the BOD got this wrong again and have no care for the share price.
And I think that's where you have hit the nail on the head Heid, only people who are going to make money on this share are traders.
This will go up short term but it is no longer a long term investment to me. No trust in the BOD and the MCAP is growing via dilution, not investor / share price value. That seems to be the strategy for the DB
We must be playing a different jigsaw Heid, the only picture I can see is a 40% drop in share price combined with some hefty dilution.
Doesn't matter what they do with the money, PIs have been done over... again
This has been fairly common behaviour on this share for several months now, the MMs hold it at a certain price and the buys far outweigh the sells. What us PIs can't see is where they are getting the supply of shares, they must be coming from a seller somewhere.
What is also strange is we have not had a TR1 notification in several months even though we have been told by Jeremy that JP Morgan are out, the company website also reflects this.
The good news is each time they do this they will let it loose and when they do it goes on a good run. I reckon next week we will see the 10s