Member Info for Metalhead25

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

If this is all due to issues at KNAC it’s very poor that in a top mining jurisdiction administrative issues can have such a huge impact. We have gone from:

- shovel ready Q1 2023; to
- Q2 2023; to
- a realistic looking Q4 2023; and now to
- a somewhat unrealistic looking Q4 2023

So what have they changed? Native title and Anglo have gone back within the overall timetable but the end point of that timetable has stayed the same?

I’m trying to remember what the last timeline they announced a few weeks ago said. Have the dates gone back again?

Nice rise!