Member Info for MikeBWell

Sadly it looks as if the investment here by most shareholders “is slipping away slowly”.
The exemption being those who managed to buy in a couple of years ago around the abysmal 3p mark. Does anyone even know, understand or remember why we fell to 3p? Or why we continue to slip now?
And if they do, did they buy more and average up, or sell when we were up to 32p before that discounted 20.5p placing?
And how many of those who understood the 3p drop participated in that 20.5p placing?

Whatever happens, and if or whenever we recover to 20.5p or 32p, will that be satisfactory? Given that we were 32p without formally owning any of Amapa and yet we now own 27% of Amapa……..and have apparently done a great deal with our Yangibana shares and also with our LT/LS shares….??
So, what’s up? Price of lithium? Renewable energy market? Realisation that it is important to be energy self-sufficient? Realisation that we need to do some of our own manufacturing? So how come not our shareprice?

Seem to be 28/29 posts from today still showing?
This will be number 30 for the day so possibly one gone astray…..and 10 trades, including those mysterious 200,000k shares at prices above what I saw to sell and below what I saw to buy around that time….

Insinuation done Barksy. But you’re barking up the wrong tree. Still no idea what you mean or what you’re on about.

Looking back and not forward, I see predictive has given my forward views as a foreward to my lack of being content with the book value and the forward-looking values as given on here and the current SP as good enough.

History gives the signature for the future……how do they tell what there is in the ground to mine? When did it get there? In the past, or in the future?
How are we valuing Amapa? By it’s historic value.

Also, why do some think that just because “ganfeng” is a big company they will pay us commensurate with their own size?

HAS is a pretty big Company as well……and just possibly got bigger by buying our JV area….and we got? £5m worth of their shares, number of shares to be determined at a later date…..

Sometimes you may get more if you sell your part of an asset to a third party with deeper pockets.
Isn’t that one of the options to get us from 27% to 49% of Amapa?

But if you do, surely you have to remind that third party what you’re going to be worth, not what you are currently worth? Just like the other small “shareholders” are doing.

Very different 8 year graph at Tesla…….

Or you could put/compare this way:

MCap +-£80m, SP +-£1…8 years ago:
with a couple of kingmakers in the bag (Yangibana and BCN JVs) + healthy-size percentage holdings in other CO’s (+-20% in EMH, +-10% in MIO, shares in BCN, ++ licences…
Talk of our shareprice going to become £5!!

To:
Talk of our shareprice going to £1.50 and beyond once we held 20% or 27% in Amapa…..SP 32p…. £18m, SP 10...today:

To:
MCap £18m, SP 10p…
27% of Amapa, our one possibly kingmaker in the bag, + a small percentage of HAS and a percentage holding in Evergreeen, which I think is yet to be listed, and around 8% in EMH, and….?
Talk of…….?? All the values past and present and future……..not so much anymore but the valuers seems content?
Not only content, they can’t work out why some are discontent.

Where have all our chess pieces gone? We have to look back in the rear view mirror to find any of them.

You shouldn’t drive only looking foreward and without looking in the rear view mirror……or you won’t know what’s possibly sneaking up behind you….

How is anyone happily now re-valuing our historic flagship assets in the same ballpark as houses, quite literally?

We had all these kingmakers - 2 apparently worth $200m each……+-20% of EMH, shares in BCN, +-10% MacArthur Minerals, Greenland licence and the rest………….the sum total of which gave us an MCap of around £80m at the time I bought in - around 8 years ago….but they were all just apparently pawns in our chess game at the time, and 2 of them, Yangibana and Bacanora, were going to be our kingmakers……..5p/£5 party coming up soon, we heard.

And now we have apparently happily turned them into pawns, happy with £5m for Yangibana and happily bandying about values for Sonora JVs which, in fact, wouldn’t buy you a house in quite a few parts of London.

The more people casually give “house price” values for our existing assets and happily accept the previous deals, the more chance there is of us ending up with all our hopes on one possibly kingmaker, Amapa, and a few shares in HAS, and shares in Evergreen, and…? Where have all our kings gone? Where have all those princely value estimates gone?

Some will have to visit the pawn shop with the family silver at this rate. GLA

When negotiations are done, why don’t they opt for a specific number of shares, ie percentage of a Co, price determined at time of negotiation, rather than a sum at a price, at some time in the future?
Especially when you tell your shareholders that it is a great deal, and at the same time the other Co says something along the lines of what a great deal it is because it expands their footprint of the site by your JV acreage, and therefore possibly extends their mine life by approx a year, unfettered by you?
And especially with the “strong projected demand growth for permanent magnets…” and all that.

Isn’t that what some of us have been questioning about our awful deteriorating shareprice for years?
How is it thus when we hear about the governmental and environmental/green “strong projected growth” for alternative renewable energy, REMs, lithium and the recent renewed realisation of the importance of countries being energy self-sufficient?
And we have been hearing and reading about this for as long as we have been invested, which is why some of us invested in REMs and REM.
Many have posted articles, links and anything else closely or even vaguely associated/connected with renewable energy, EVs, batteries - range anxiety improved, charging stations and outlet numbers increased, and all things connected, on here and elsewhere, for years.
Particularly annoying when some of us have always had faith in Yangibana not least of all, due to the “$200m” value we heard for it all those years ago.

Meantime, every time I read a post or an update which gives some low ball, (even when it says “minimum”) value for Sonora, it makes me wonder why anyone would bandy about such low values when we were also told that the Sonora JVs were another “kingmaker”. Does anyone else remember all the “kingmakers” we had ‘in the making’ years ago? EMH, Sonora, Yangibana, MacArthur Minerals, Greenland…..? GLA

Can you also say it’s “the market” whilst saying eg the lithium price has risen - and what has “the market” done for the past, say 8 years? Is it one tenth now compared to then?

I also don’t entirely get the “book value” given for Yangibana and LT/LS versus ALL monies spent on buying, accumulating holding, (digging/testing if ever applicable) them from the very beginning of when we acquired them until today - and what was paid for them to us, in their recent “simplifications”.
Is that “book value” given that amount, or what someone worked it out to be in 2021? And if it is more/less than spent, why not give the actual gain/loss over time? Surely that would be more indicative of profit/loss over the years? GLA

Possibly “great questions” as none of mine were asked and maybe some were from those who enjoyed it all so much?
A shaky start, I thought, but then KM got into his stride. I prefer him to do the interviews and presentations because only he (and presumably some of the other Board members) knows exactly what is happening and in any case, he does them better than others to date.
Either no tricky questions sent in, or none were asked.

Are those smiling happy ones feeling so good that they buying more big lumps yet? LoL;-))

Around 70+ views sp far so so keep up the comms, Kiran. Regularly and frequently. Thank you

I don’t understand how posters can be here and post reams of calculations and predictions and say buy for say, 5 or 6 years and then double and double and double again or x10, or whatever, their holdings, still saying “strong buy” and yet never trigger a TR-1.
How few did they have in 2017?

Sadly the shareprice fall without ever getting back on track is what has created the groove into which some of us long-term shareholders have fallen and are now stuck! Of course some of us are scratchy about it!

And those who have managed to say “buy” and “strong buy” since, say 52p, all the way down to say, 3p and then up to 32p and back down to 10p today……or the long-term posters who remember 32p and the under 5p buys…….why remember 32p? Why not 52p? Or £1?

I never thought I would say that I look back at 32p fondly but compared to 10p, it does begin to look better with hindsight. Pity some of us were kept on track and waited for the £1.50 or whatever it was the DJs were playing.

So to me, the stuck records look like those who say “strong buy” and it’s going to be a record-breaker soon, and stay on track no matter how high or how low the shareprice is at the time. It doesn’t really make sense to say “buy” at 52p and also at say, 5p, does it?

Aah, MLQ
If only you had put the news up with a fresh heading!!
I’ve been reading all those posts assuming they were talking about the heading you put the July presentation announcement up with and assumed the posts were about the April Presentation which we received just days ago!
Well done, toi! And thanks for your continued ship watching - you appear to have lost some of your crows nest crew to crow about court/ships unless the current halt has reduced the news?

Has this been mentioned?
It is there.

That’s the problem, Bannor.
I suspect you won’t be the the only one to reconsider your exit strategy.
We all lower our expectations after too many knocks.
One of these “bam news” really has to be the real deal, and preferably very soon. And comms need to be up and running, starting with today’s Q & A. Please and thank you and GLA

Where would “negative sentiment” have come from except from the discounted placing which has dragged us down from 32p to 10p?
The infrequency of explanatory and steadying comms whilst it happened?
Or for some, from the years of waiting and hoping to regain their long ago buy-in price of anywhere around £1, post-consolidation?
Or from the view of the shareprice/MCap across a few years, say, randomly, 2016/2017 when you started posting, observer? Great, informative stuff it was and is, too!
The generous salaries/bonuses/warrants and free performance shares despite the shareprice/MCap of the Company?
The apparent huge rise one year, but not comparing it to what the shareprice/MCap were in previous years?
Sentiment comes from on high and drips down to those of us who are mere shareholders. All most of us presumably want is a fair slice of the cake we’ve all bought into. GLA

That may be well be “a feature of AIM”, the SP going from say £1 (I think it has been higher..?) all the way down to 52p in early 2017? Carried on falling until a little spike for a day or 2 of 39p (off-take at MacArthur Minerals) and then the slow “drip-drip” all the way down to 3p….often with longer gaps in comms than I would have preferred under the circumstances…and then that “bam news” (what was it? I don’t remember)….and the climb back up to 34p? - which took a couple of years……..and then a retrace/drip drip and then a slow climb back up the big dipper to 32p……and then that “bam news” of the discounted placing and the slow drip-drip back down to 10p…..

That may even well be an acceptable and accepted “feature of AIM”, and so the old-hands may well know how to read it or when to get in and when to get out, and they may even be riding the wave successfully, getting in on the dips and out before the drips from high, but……what does not make sense, is if all the way down and all the way up and then all the way down and up and up a and down again, they say “buy”, and “strong buy”. And often announce when they buy. But not if they sell.
I’ve read on here a “strong buy” but then the poster announced that they had sold.
So, going by a previous idea, if I ask nicely, will anyone fess up that they are “selling” whilst saying “strong buy” or “buy”?

Looking forward to Kiran’s Q & A and hopefully he will address the shareprice, and how the BOD propose to regain shareholder value - or at least what that “bam news” will be……..because not only did our previous “bam news”, 20% ownership of Amapa and 27% ownership of Amapa not improve the SP, we’re 1/3rd of what we were before! 32p to 10p.

An MCap of £18/19m with a 10p shareprice is not good news for any ordinary shareholders! GLA

Bannor
With strains of “Nothing comes easy”?

EVBull/Observer - was I the only one who thought it would have been even better had KM bought sooner and paid more?
And was I also the only one who didn’t notice the performance shares at the time?
H2 tomorrow indeed. Half way through the year……….really do need to hear something good