Member Info for Metalhead25

Ongombo ECC?

Actually the 31.16 which appeared shortly after I posted is a sell. But only a small one. And followed by a larger buy at 31.45.

We are now at a ludicrous valuation: just one third of Hy24’s valuation of our 20% of just one of our three projects

Bearing in mind that 31.45 today or yesterday are buys, there hasn’t been a real sell here since Wednesday and even on Wednesday the sells only totalled £800. This could be about to turn upwards

Surely today was down to a leak or something? Can’t remember the last time we saw that many trades or that amount of movement. Fingers crossed - we are long overdue a break here

Grade has to be considered alongside tonnage, not in isolation. These are good long intercepts. Very interesting and promising results

Can you DM me on X?

@metalhead2525

I’ve had emails from Peter in the past few days so I would say you can discount the blackout period theory

I think there’s a bit of a misunderstanding here about the $5m from HY24. That money is to be advanced during the period *prior to* FID, and $1m of it will have been received already (on signing of heads of terms). Also, the scaled up finance requirement is designed to include the costs of “supervision”, which must include paying Atome to run the project through construction. My interpretation is that the $5m sees us through to FID and thereafter we are supported by the project financing

The news is a minimum 2 month delay to commercial production (April changed to end of Q2)

Yep, all fair

HC “we’re now at the bottom of the trading range that we’ve been in for yonks”.

It’s actually at the top of the trading range it has been in for yonks, which is 12.5p to 20p. It has only ever been above that range twice, both times only relatively briefly. The question now is whether the current drop ends with a successful backtest of the long term trading range, or whether instead the SP drops back into that range, as it did last time

I’m sure the staggering to which Mike referred relates to implementation/construction, not completion of the studies. Mike said recently (I think in an interview following the hydro power study) that there are nominally three DFSs but they’re all within one document

Good interview, sounds like AFC want to provide *all* the funding that the DFC don’t provide. What an amazing position to be in. The tier 1 validations of BRES and Orom-Cross are becoming too numerous to count - DFC, AFC, EC (SAFELOOP), MSP, Jilin, SPG partner, etc etc

Likewise, just watched it and agree that Mike’s intelligence, diligence and integrity shine through. A rare gem of a CEO

Were we not expecting interim results around the end of Feb? Last year they were on 26 Feb. Or has there been a change of accounting date which I’ve missed?

Overwhelmingly more buys than sells today (multiples more) but clearly a seller parked at 40p. Once that clears there should be a good move, hopefully

IDB is the debt component, isn’t it?

Thoughts on using MoP price of $449/t to calculate NPV?

Apart from the £66k buy…

It absolutely has to be non-binding until all the elements are in place and FID is done. You can’t sign a binding equity investment agreement until you absolutely know it’s proceeding, obviously