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Great that we have managed to get a free drill hole in what is an increasingly promising project. Seems clear we have a geological formation of high potential and good size. Question now is can we find higher grades
I don’t answer your questions because you’re acting in bad faith. You want to drag the company and the SP down. Engaging with you helps you to do that. You are best ignored, save to highlight your agenda
It is by you - the company troll
Pekingduck:
“ The days of sub $20k AISC on tin production alone are over” Well, the RNS says that the costs increase caused by the stripping rates issue is TEMPORARY.
“The only way ATM can address this is to start producing and selling Li. Todays statement doesn’t even give any certainties on this, they’e still evaluating options for separating Li and the best AV could muster was it ‘could’ lead to a saleable Li product.” This is a very tortured negative take on the wording of the RNS. I read the conditionality of “could” as indicating “if we decide to use that process”, not as expressing any doubt over whether it works.
“Cash will run out again unless the finance package is in place by May” No, because the finance package appears to be the major cause of the AISC increase. Either we have the finance and the AISC increase or we don’t and we don’t
Re the SP, you do have to look at it relative to the market. When we were suspended in early January most microcaps in the resources/mining sector were 20% higher. So holding level is quite decent in that context. As you say, there should be a good and hopefully steady rise over the next six months as we approach production and sale of the ilmenite/garnet concentrate
Looks to me like there’s nothing wrong with Xinjian, they have just paid another 680k. Importantly, in the meantime we are earning interest and not paying costs if the TVM site
Seems a very positive update. Good to know that an independent third party has reviewed the HMS project and decided to invest in it. Still reviewing the RNS
It is a bit funny. Wish him no harm of course, and hope he does well with his next investment, but as far as this board as concerned he’s a colossal pain in the bum
Not invested here but in my view, with trading suspended anyway, it is much more important to do a convincing response than a quick one. In particular, they need to explain *why* the allegations are wrong. If they just say “we deny all the allegations” it won’t fix the problem
Stan, you’re starting to look desperate. Everyone knows what you’re up to by now and no one cares. I haven’t even read your latest post, just skipped to this comment
Another good Boots on the Ground, I thought. If it’s right that large conductors in the low thousands of Siemens could, with more data, resolve into smaller conductors in the tens of thousands of Siemens, that is clearly highly relevant and worth pursuing before drilling
My understanding from the reading I have done is that graphite is a plausible explanation for conductance readings in the hundreds or at a stretch the low thousands but very unlikely for the tens of thousands range. Happy to be corrected on that
Never seen someone so transparently trying to talk the price down. “We’re heading for the next fundraising” (even though we’ve just had a huge one). “Massive options package” (even though those options are not exercisable unless we return to the 6p area). And most ingenious of all “the options package is the board sorting itself out ahead of the next fund raise” (so they’re going to do something which further harms the share price but before doing that they want to have in place options which have zero value unless we 5-bag… hmm…)
A complete load of tosh
The higher that reading goes the less likely it becomes that it’s anything other than massive sulphides. The Norilsk model is in play
Ella, if you find me on twitter I’ll send you the BOTG if you like
Very happy with yesterday’s RNS, which I’ve just seen. Objectively, the key bits of news are:
- monies continue to be received in respect of TVM
- we are progressing quickly with a separation facility for HMS, apparently under our own steam rather than under the previously proposed profit share arrangement: if correct this will significantly enhance our profitability.
I don’t understand the howls of negativity but am used to them. There are 3 or 4 contributors to this board who will still be complaining if the company ten-bags.
What I see happening is the development in the near term of a highly profitable and scalable HMS business, fully funded by existing and contracted cashflow
This is shorter and less detailed than I was expecting but presumably that is because they’re still working on the detail (but wanted to put something out in Feb as indicated). The substance of the plan looks fine. Crucially it includes drilling the B conductors. I’m fine with the principle of exploring project finance - depends what projects on what terms of course. Interested in new acquisitions if good enough
Think Winnifrith has a personal grudge against Turney doesn’t he?
A red flag for me was that in the joint interview that Scott and David Lenigas did about Mt Weld, David revealed how Corcel’s acquisition of that project had come about. He said something like “Scott came to me and said he needed an exciting looking rare earths project and I knew some guys…” Not quite how I would expect project origination to work. I liked Scott during my time here (even though he cost me a lot of money) but have since started to wonder about him.
The good things about this company, in my view, are (1) if the PNG authorities ever pull their fingers out those projects could do well, and (2) the SP can move quickly if/when some positivity develops.
Hi CJ, I’m not in any way saying the concept of native title is merely administrative, but the concept entails an administrative system for managing whether approval/agreement for mining development is given or not given. That’s the aspect I think is working poorly in this case