Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
The interview is at
https://www.youtube.com/watch?v=zgbDLfKWxPw
A recording of the latest presentation is available at
https://www.investormeetcompany.com/investor/meeting/half-year-results-27
Two directors have bought £550k worth of shares.
WOF — Thanks for your analysis. A recovery rate of 10% is at the bottom end of the range and so pretty conservative (that's not a criticism!). As I understand it, COPL uses gas-dilution to recover oil in place. This is efficient, because the oil-in-gas solution has low viscosity and can diffuse with relative ease to the recovery borehole. It wouldn't surprise me if the recovery rate was several times better.
I tried to access Europa's website, but got a warning that it was insecure—so I stayed away. Next I tried phoning, but only got a wrong number. I then tried phoning Europa's Nomad. I got his office, but he's on holiday until 20 April. So, it seems that the only way to get information about the company is to trawl through the RNS postings. Does someone else here have any suggestions?
The shares look cheap now—but then they looked cheap when they were 10 or 100 times the present price, and I still don't have the nerve to buy them.
In the podcast, JM mentions dysprosium selling at one million dollars (sic) per tonne. Can anyone here confirm that number?
A further interview covering more details (albeit with some overlap) with Musad Al-Daood, Deputy Minister for Mining Development of Ministry of Industry & Mineral Resources (MIMR) of Kingdom of Saudi Arabia:
hTTps://www.youtube.com/watch?v=VGyBXoRTyS0
In an interview with a journalist from MInes & Money, H.E. Eng. Khalid Al-Mudaifer, Vice Minister for Mining Affairs of Ministry of Industry & Mineral Resources (MIMR) of Kingdom of Saudi Arabia, has given a welcoming message to foreign investors:
hTTps://www.youtube.com/watch?v=d8PDYCqTzQA
Jonah58: Tailings aren't just rock. Typically they are sludgy or slimy materials with a high content of water. To convert volume to mass, you need to account for this. For example, if the rock density is 2.75 and the water content of the tailings is 40% (by mass), then the density of the tailings will be 2.38 rather than 2.75. Granted, at the level of precision we need, this doesn't make a fat lot of difference.
I wouldn't count the lithium, unless it can be produced at low cost as a byproduct of tin. Afritin's lithium grade of 0.63% compares poorly with grades exceeding 1% reported for many other projects. If mined just for lithium, Afritin's lithium-bearing rock simply wouldn't be competitive.
(1) APF is heavily weighted toward cobalt. This is useful for the London-based investor, who doesn't have many options for exposure to this metal otherwise. Also, the asset is outside the DRC and so has support from institutions with concerns about ESG and strategic security of supply.
(2) I'm less enthusiastic about Largo. Ferro-Alloy Resources, with its giant reserves and ultra-low costs is a much better bet. Fortunately, APF's weighting in Largo is relatively low.
As poster Towers points out, Caerus is listed on the main market of the LSE, not on AIM. Nearly all the microcap (CMRS Mcap ~£16m) junior miners on LSE are AIM-listed. Does anyone here know why Caerus chose the main-market route? What are the relative advantages and disadvantages for a company like ours? I have skimmed through the prospectus but didn't spot any section where this unusual choice might be explained.
@IndoMiner : The reason that the ore throughput doesn't match the plant capacity may have something to do with the exhaustion of the old opencast low-grade high-tonnage mine, for which the plant was built, and the transition to the present higher-grade underground mine with its selective mining using small equipment that can operate within tunnels. Tonnage can be increased by developing many veins simultaneously, but the company has not made the capital investment needed for that. It might be done in the future, given favourable financial circumstances, but in any case it would best be left until the topography of the vein system is better understood, following a thorough drill programme.
@Copech : “Rick Rule [gave] an interview recently stating that Poly is fundamentally the cheapest PM company in the world and that he has been buying with his own money.”
That's interesting. At the end of many of his interviews, Rick invites the public to send him details of their mining portfolio. It's a computer interface, of course: you check boxes in a list and get sent a rating for each one (on a 1-to-7 scale, I think). I don't remember the details; but none of my holdings, including POLY, got better than a fair rating, and quite a few were mediocre or poor. Perhaps the aim of the exercise was to make investors feel discontented with their portfolio, and hand over the task of mining-portfolio management to Sprott Inc. I didn't expect much from it; I was just curious. And the ratings had no influence on me.
@Jiff : Greatland is a sore point. I looked at it years ago and made the bad-in-hindsight decision that it was too risky for me. It looks like a good company, and I wish you well with it, but the shoot-up I missed is now history, and my attention is focused elsewhere.
@Jiff : I think you would do better with Bushveld Minerals (BMN) than with VR8. There are many similarities, but Bushveld is up and running. This is important, because extracting vanadium from magnetite ore is difficult: there is a learning curve, and Bushveld has been climbing it, and learning hard lessons, for a long while. The London South East bulletin board is a mine of information on BMN—but only positive information: posters of any non-adulatory query or comment are trolled.
Better than either, IMHO, is FAR. Actually, I sold my holding in BMN to top up in FAR (ending at an average cost of 13.35p; congratulations on your 9p!). Ferro-Alloy is presently the biggest holding in my mining-sector portfolio : ca. 12%. The plan is to hold it, collect the eventual dividends, and tell my heirs to do likewise.
The present market capitalization of Southern Gold is about £10.5m. So a takeover, including a reasonable premium, would cost (say) £15m.
When I try to reach Kefi's website, my browser gives me a malware warning. I have tried to contact Kefi's investor-relations representative, but can't get through. Does anyone here know what is going on?