Member Info for Metalhead25

Dip, big respect and thanks once again. BB at its best

Agreed, spillover from Ironveld. Difference is they’re going nowhere unless they get a bit of pure luck, whereas here we are due to be selling diamonds and shipping tant any time now

Sorry but I think Scott seems pretty good and that his achievements over the past year significantly outweigh the Avonmouth failure. All companies of this type are d down

Well it’s a porphyry target so presumably we’re looking for large but low grade. I doubt we’re going to get 2% over any sort of large distance. I’d rather have 600m at 0.6% than 10m at 2%

Prospects look good here. I do think that if they’ve had some Matilda assays back they should have released them. I think when you’ve used words like “phenomenal” in an interview you need to back that up with hard facts as soon as you possibly can. Without that, investors can’t know whether it’s eg 600m at 0.6% Copper, which would be great, or 200m at 0.3% copper, which is not objectively great but maybe you feel it’s great because it was the first hole etc

Nige, have you listened to the interview?

Excellent interview from Scott. It seems the problem with Avonmouth was not anything to do with the project or the presentation of it but just reluctance of investors to fund gas projects due to ESG concerns. If so, Avonmouth is not so much a c*%k up as just a small-ish gamble that didn’t come off. Clearly Scott hoped for some time he could talk Altona round on gas, but it wasn’t possible.

Looked at in this way, the loss of half our market cap in the past two months (from a position of already being grossly undervalued) is bonkers. I will be holding strong and am considering adding

Derry, very interesting. I note in particular “3. Price targets by random users that are far below the current price.”

So, a quick look at Cattleman’s posting history going back a few weeks:

Corcel: “Creeping down nicely...hoping for a top up below 1p”

Corcel: “soon be .85 or maybe a little less”

N4P: “A placing very soon...cash must be very low now...in these poor markets...well could be buying below 2p soon”

Corcel: “Looks to me like it will go a lot lower than my .85p....if fact i am certain it will”

Corcel: “can see 60 in a couple of weeks now”

Corcel: “oh yes .35 next week”

Corcel: “0.40 very soon unless a magical deal happens...”

Hmm

I agree, it’s important not to lose sight of just how low the market cap is. If we were valued 10 times higher for our nickel projects I don’t think that would raise any eyebrows

I suppose they might have Arsenic on the xrf, but not gold. Would certainly be nice if we had a Carlin type trend at Ditau :-)

I would love to know *why* they think i10 has precious metal potential. The only thing they really point to is the pyrite but I would have thought that by itself was more of a Ni-Cu sulphide lead? Perhaps they have xrf and are just keeping it to themselves?

Cattleman, I would expect the Avonmouth issue to result in people who have been posting for some time and who were (eg) positive about the NPC announcement to take a more critical. I wouldn’t particularly expect it to result in people who have never posted before and may well not be shareholders turning up to make negative predictions about the future

This BB was a much nicer place a few months ago. We seem to have an amazing number of posters recently who never posted at all until we had a bit of bad news followed by a disproportionate SP drop. Obviously people can post what they want. No issue with the likes of Nige who are positive when it’s good and negative when it’s bad. And even with our long term critic Jim, at least he always thinks it’s bad… But appearing out of nowhere to dunk on a company having a bad week I can’t get on board with. Hoping for a return to normal soon (and with the SP too of course). GLA all true holders

Although it’s disappointing that Avonmouth didn’t come off, I do think this share is now dramatically oversold. We are told that we have a pipeline of further FGS projects and that we should hear more on that soon, the difference this time being that we have a funder lined up. As long as that pipeline is indeed there, I think we are better placed now (with Altona lined up to fund and a pipeline of projects, albeit one we don’t yet know much about) than we were when we had Avonmouth but no funder. If you think back to last summer we had a share price which for a while was over 2p. Since then we’ve acquired and JORC’d Wowo Gap and entered into the JV discussion with NPC. I can’t see any good reason for the price to be where it is now, apart from pure sentiment of course

Yeah it is disappointing about Avonmouth. Hopefully though it’s just a case of refocusing with our now identified funder’s preferences firmly in mind. The update on NPC seems very positive

Ah, well at least you’re winning at football. I’m a Man United fan as well as a Corcel investor…

Seriously though I do believe this will come good. They’re making heavy weather of FGS but Altona was real progress and the nickel projects have progressed well

As an aside, is your LSE handle a Nigel De Jong reference???

Fair enough Nige, I know you’re a genuine investor, and I’m not denying that there are grounds for irritation. But I do think there’s also more going on at the moment on this board

No doubt, but new CEO since then. Seems much more pragmatic

The key issue here is nothing to do with rare earths in Kenya but is whether the CEO’s statement “With our diamond operation already in production, tantalum about to come on stream and the expected imminent resolution of the issues around our HMS licence, the Company will soon have three separate revenue streams” turns out to be correct. If it is, the “jam tomorrow” howlers will need to pipe down