Member Info for Metalhead25

I don’t know how the grid connection application process works but my worry is they just sit on the land until Corcel’s rights expire at the end of the year and then make their own application

What’s your take on Pigeon’s intentions, Torr? I’m sure you’ve read their website and seen that through their Cambridge Power business they are building a portfolio of battery storage plants, i.e. they’re essentially a competitor to Corcel. They’re not just going to sublease the land to Corcel, surely? They’re going to want a piece of the grid action, I think?

Hi Sniper. Yeah it’s possible to think of ways it could be true. But from my perspective when trying to decide whether to place any reliance on the unevidenced assertions of someone who appears to have joined LSE specifically in order to post this stuff, I want to look at apparent plausibility. And I’m not convinced at the moment! Can you imagine MAST announcing that they were going to get a small manufacturer of weapons disposal equipment to build a battery plant for them?

Hi Sniper, that would make sense except for the surprising suggestion that Armtrac (the seller, and thus far a manufacturer of demining equipment) is going to be making the battery plant equipment…

But “The property owner exchanged on the building in the first week of August with private investors who have bought the building”… So it isn’t owned by Armtrac anymore? Sorry Timster, I’m not having a go, just finding it hard to follow

Sorry Timster, I’m struggling to follow this. You keep mentioning Armtrac. Based on a quick look online, they appear to be a company based in Burwell who make ammunition disposal equipment: https://armtrac.net/. What does it have to do with Corcel that they have managed their way through Covid thanks to outside support etc?

I listened to it (but while clearing a load of stuff so apologies for lack of detail!). Ben seemed very confident that all is going well and according to plan at the KSZ. Clearly very excited about target B which he reckons they’ll be drilling in mid to late September. Also plenty of confidence about the KCB - exciting weeks and months ahead

Hmm, is it credible that so much progress has been made without an RNS? Or that everything is going to advance so quickly next week even though finance hasn’t been announced? If I knew these things to be true I would do some buying, but… could just be a pumper looking for an sp lift to exit

In any business, there are always going to be things that could hit profits in the future. What makes THS such a good investment is that it’s both fantastically profitable at present and well diversified relative to its peers so as to be less vulnerable (of course not invulnerable) to any future adverse developments

He did post once earlier today - if you can face the trawl through you’ll find it

Wise, I can’t speak for Strummer but personally I think a lot of what you post is fine, and I share your excitement about Copperhead. I just think comparing Copperdome to Havieron is way too speculative at this stage. You keep talking about the relative size of the two, but the Copperdome target you’re talking about in that comparison is completely undrilled and may not even be copper/gold at all, let alone at Havieron grades. I’m all in favour of positivity but hyperbole/absurdity just leads to disappointment

Wise. I have now watched the presentation and thought it was good. However, I don’t recall anybody saying:

“Copperdome is targeting a 1-2%Cu average + gold and silver - the largest target is bigger than havieron with similar gold grades but higher copper, then there’s the smaller target.”

Where are you getting that from? I don’t recall anything much about grades at Copperdome (except historic near surface grades which are nothing like your numbers)

The last two results listed in the summary add up to 38m at over 4.5% copper - what a belter!

See what you mean now! Thanks

I think Scott has done roughly what he said he would do so far, except that Burwell hasn’t progressed (and that may not be his fault). The company has acquired two new FGS projects, got the Mambare environmental permit and swapped the RMI debt for Wowo as planned. Burwell aside, I don’t think this is a case of the directors screwing up. As I’ve said before, I think a big part of the reason for the SP struggling is that it isn’t clear where the cash is coming from for the next steps. Plan A was to generate cash flow from FGS - could happen but hasn’t yet. Plan B was to get the SP up before the next capital raise - would be nice but the longer the SP drift goes on the more likely it seems that the race between the share price and the placing will see the share price puffing in second. At any rate, these are the thoughts going through my mind as I consider at what level I would buy back in. I feel that in order to limit risks I need a buy price close to mid term lows, i.e. 1.15-1.35 area. There’s a lot of personal preference in that of course - and frankly if the rest of my PF was doing better I might be bolder here!

Thanks. 3 to 10 mil Mcap - is that a typo?

To those who attended the presentation - did anything come up which might explain the sells today??

Re 1, I don’t claim to have any knowledge of how the downhole EM works but the comments in the RNS would make sense if it is designed to survey horizontally and downwards but not upwards. If that were the case, the horizontal survey from 390m might be able to spot the conductor at 370m but not resolve it in the same detail that would be possible from higher up. I feel confident that a technical issue affecting the casing and EM equipment will be overcome given a bit of time to work on it

Very good that they’re cracking on with hole 2 so quickly. Re the EM, at least they have located the conductor. Hopefully once the casing is removed they can get the EM at that level. In terms of future options, if there is anything non-metallic that can be used as casing, presumably that would sort it out

Until we clear the hedge, a lower copper price is good news isn’t it? It reduces the risk associated with the scenario where our production falls a little short of the hedge amount