Member Info for Moggy1

DD has been going on for months

If we’ve got 2 or more companies competing and accumulating here, we could be in the bull run of all bull runs!

A lot of shares have been purchased today and I think we’ll all agree that the assets are worth a lot more than the current market cap. Could someone be trying to accumulate 30%? Pure speculation on my part.

So what potential value does Katete have? It’s rarely discussed.

It was mentioned on here that the planning meeting was on 1/2/22, does anyone know if this is still the case? The Peel newsletter suggests it’ll be later.

Resource upgrade statement

Steward1, a balanced view and recommended!

Mains electricity has now been installed on site which is expected to substantially reduce the costs of running the plant so the overheads might be less.

I’m not for or against RHA reopening but I am prepared to keep an open mind on this.

Shytetalk, in the 2018 Bara report the overhead costs were $150 per mtu, the market value is currently around $320

Hi Dazed, you may well be right, it could be doomed to fail, I have no idea.

It seems to me that there is a JV partner waiting if we can sort the ownership issue out, if a JV partner wants to put the cash in to open the mine for a percentage of ownership then what have we got to lose?

According to the 2018 Bara report, RHA could turnover $520,000 p/m for 20,000 tonnes at $320

Hi Bick, I agree with your assessment. My comments were connected to the commodity price fluctuations.

Hi Richie, it’s not reflected in the share price because we’re an exploration company, if we progress to having a working mine or can see a route to having one it will. All in my opinion of course.

I’m very happy with shareholder communication here, what do you suggest would make it better? Maybe like a daily covid briefing?

Shiny, I’m not sure what you’re expecting. We get regular RNS updates, regular interviews and tweets. Some companies I’m invested in don’t give updates for months but it doesn’t mean progress isn’t being made.

Do you think they’re talking to your local scrap merchant?

Straightntrue, I suggest you read the RNS’s.

Milnrowmug, yes I’ve been here for years, I’ve felt your bitterness but we’re in a very different position now than in the past.

Straightntrue, stop looking backwards, it’s happening. We’re progressing nicely towards the RUS and DFS, we’re in talks to major global companies, the lithium price is booming. The fact that we’re only valued in the low 10’s of millions makes it even more exciting, any hint of finance or resource upgrade statements and we’ll be valued in the 100’s of millions. Just needs patience, we can all see it progressing!

We’ll said Infinity, if people can’t see the potential here they really shouldn’t be investing!