Member Info for mogli4479

Tie in was 12 months which, I believe, has expired today!

As for how it affects TEK’s holding. Well obviously their % will reduce, but the number of shares they hold won’t, and as of now their holding is worth circa 20% more than it was close of play last Friday

So they have raised money at the current price, given a strong indication that sales are growing exponentially and have a fast food operator interested in applying the concept to their French fries.

Future warrants of 77p and 84p exercisable at 130p and 160p respectively.

All seems like good news to me. The only caveat being they aren’t yet cash positive or likely to be in the near future

Https://theoakbloke.substack.com/p/is-jlp-today-on-a-pe-of-1

Not sure if anyone has posted this yet

Unfortunately TEK are not the only ones and if everyone took up their entitlement, and based on the current price why wouldn’t they, I believe TEK’s % of SALT will fall to the low 60s

He described the progress as ineffable

Quite a high proportion of IPOs are pulled at the last minute, so I’m guessing until it’s 100% nailed on there won’t be any RNS

Looks like LUCY IPO is set for this Friday, according to the calendar here https://stockanalysis.com/ipos/calendar/

Thank you Sea
I probably should have explained the context. The interviewer suggested that Microsalt were making good progress to which he replied, ‘ I wouldn’t use the word good I would say it’s almost ineffable’

Just watched this interview again and finding it difficult to restrain my excitement.
I generally try not to get too carried away by CEO interviews and claims and instead rely on RNS releases.
However, I’m allowing myself an exception in these circumstances.
He makes a point to correct the interviewer’s wording of Microsalt’s progress to ‘ineffable’
I truly believe TEK will bring forward my retirement plans!!! GLA

Their latest filing was on 25th July but, according the Nasdaq website, no listing date has been set yet.. Although, from what I can gather, the lead times can be very minimal

In my notes I have 80% with the comment ‘as per page 33 of Dec21 WHI note’

SeisNav,
Thanks for sharing your spreadsheet, very similar to my workings.
Regards the EL split, we were previously told Rhodium was 12% and in the interims Palladium was mentioned at 20%

Gray,
In the recent WHI note they mention Cobalt Hydroxide which contains 20% cobalt. This would then achieve 80% of the market price. They also mention 1,600t per year.
It can be found in the notes in the left column on page 14

Dorfan,
The % I quoted relate to the actual price paid for the respective metals, not the PGM split

Odd that there’s no mention of Jubilee in the RNS. They are also suggesting early cash flow could help fund a processing plant, whereas the original plan, I think, was for Jubilee to design fund and build it.

Yeah I think you are using the headline prices dorfan, I’ve adjusted for the smelter price which was quoted in an old WHI broker note
I have 84% for platinum and palladium, 81% for Rhodium and Gold and 53% and 48% for Ruthenium and Iridium
If I ignore that reduction then I get $3673 for EL and $2938 for Inyoni

Rhodium is around 12% in the Eastern Limb.
I had a look at our sales price per ounce yesterday and, based on the various metal prices yesterday PM, I came up with following :
Inyoni $2,344
EL $2,938
According to the 6m report the transport costs were $262 to bring EL tailings to Inyoni and processing costs were $560. So based on all those assumptions the current earnings per ounce would be:
Inyoni $1,784 or £1,322
EL $2,116 or £1,567

If my assumptions are vaguely correct then the only reason to construct a processing plant on the EL (which seems to gain traction on every RNS) would be be if there were more tailings deals in the pipeline, as the current claim of circa 15k ounces a year doesn’t seem to justify the outlay

I don’t normally comment subjectively (as an accountant I usually stick to numbers) but this RNS really excites me.
It is definitely a statement of intent and I’m excited about the future more than ever.
I too see this investment as my early retirement, and do you know what, it might just happen in the next couple of years!

I don’t doubt that Mikie but it be nice to have consistency in the minimal data we are provided with