Member Info for Moneymaker2015

Looks like 2023 is going to be full of news. Seems like a slightly optimistic timeline though, given a number of those tasks are out of the BoD’s hands. This year could definitely be a turning point for the company though.

Are you sure about that one ajs..? Stock box only posted it on both Twitter and Yourube yesterday.

Not ideal, but it could simply be an admin issue that has pushed the date out, rather than anything detrimental.

Nice to have an update, but it doesn’t really tell us much other than the FS is still ongoing.

You can’t blame BT solely for the drop in share price. Many of us here gambled on the KSZ and unfortunately KAV didn’t hit the desired target. If it had hit something, both the mcap and share price would be considerably higher than it is today.

The only thing I’d say Ref BT is that a raise should have been done at circa 6p whilst we had a lot of interest, rather than waiting for the share price to flop and then do it. Although, had he done that and the KSZ came back with positive results, there would have been a few criticising that he should have waited until after we received then KSZ results. I don’t see any benefit of replacing him now though as we’re in a position where we just need to wait for some positive results from one of the projects. Changing strategy will do very little until we have discovered something.

I wouldn’t class warrants as ‘death spiral finance’, they’re a necessity of the market. If you don’t have any tangible assets it’s very difficult to obtain finance by other means. Most company’s issue warrants when they’re doing a fund raise, as you need to entice the buyers with something.

I myself am now just leaving my holding in KAV to drift for a while. It was always a high risk investments, but I’ll look more closely in a couple of years and see whether the gamble was worth it or not.

Great news this. It’s nice to get free-carried to production and still hold a decent stake in the project. Would be nice to see some projected timescales, but can’t complain too much as this is a very good outcome for BMV when it comes to Batangas.

I think the main thing here is that we have little information on the commerciality of the project. As investors, we don’t know if the project is a big money spinner or if it’s something like BMN, which is in production but doesn’t make enough money to keep the lights on. Without knowing the value of the project, it’s difficult for investors to judge whether the current mcap is high/low.

The bright side here is there’s potentially a decent amount of news flow over the coming months and the mcap has hardly budged since production has commenced, so plenty of scope for upward movement.

You’ve also go to look at it from the opposite perspective, the BoD is seeking ‘new opportunities’ also. Given the current mcap is only £3m with an sp of 0.6p, an alternative opportunity could very quickly provide a higher value itself if it has decent prospects.

There’s still a lot of unknowns here and ultimately risk, so many investors will be reluctant to commit just yet. My view however, is that Acumen have done their due diligence and believe the claim has decent enough prospect that it is willing to pay £2m to acquire the claim, then brunt all the costs of pursuing the claim further. It would only do that if it believed there was a positive chance of success.

Latino, the RNS states:

“it has received a notice for the exercise of the exclusive option granted to Acumen Advisory Group LLC ("AAG") to acquire IM Minerals Limited”

AAG have issued notice stating they intend on acquiring IMM. How is that an extension? It is literally the opposite to an extension as it draws a line in the sand.

Fantastic news. Once the SPA is signed, PFP can finally move on to pastures new, in the knowledge that it may receive a payoff of upto $24m later down the line.

Theoretically, this should jump up to circa 0.7p once the $2m is received as that isn’t too far off our current mcap.

Will be interesting to see how the market takes this news.

To be fair to VAST, it is already in production and slowly ramping-up production. Plus, it’s due to receive confirmation on whether it will receive a parcel of 129,400 carats of rough diamonds, the value of which is considerably higher than its mcap on Friday which was circa £5m.

In terms of BOD though, there is potentially very good news on the horizon, so we may see an uptick in the not too distant future.

It’s surprising that given Marsfontein is commencing, or may have commenced, production and with Thorny River commencing a few months thereafter, that there is t more interest here yet.

You can’t help but think that in the next couple of years, the mcap will be considerably higher than it is today with everything that’s in the pipeline.

Joeys comment 8-months back at 1p:

“Personally I believe it will keep rising up to at least 10p in the short term”.

Yet, now at 0.34p he’s returning 11k? Something doesn’t quite stack up…

Yeh, just seen us near the top of the risers board. A little unexpected, but given the mcap and the assets VAST has, it was only a matter of time until the sp started to rise.

Yes as Bullish says, the warrants won’t be exercised yet. The conversion price is 0.3p and for a period of 3-years, so it wouldn’t even make sense to convert now. It would just be a completely unnecessary risk, when they could just sit back and wait for the sp to double, then convert the warrants with little risk.

Yes very good indeed. This is all additional revenue for IRON from what would have been a waste product. It’s a shame that we can’t ascertain the financial impact it will have. However, given pace are happy for the split to be 60:40 for their £1.65 million capital contribution to be repaid, it sounds like it could be very good indeed for IRON.

Given the mcap is still only £9m, it will be interesting to see where it lies in 12 months time.

They’re probably just covering all basis, if we get negative news, the spread bet could cover their losses, if we get positive news, the funds they make may easily cover any short comings from the spread. It’s not something investors really want to see though as it doesn’t promote confidence it what Align is preaching in its Research Notes.

It will be interesting to see how things go here though. If we get positive news, we get to see the next chapter in PFP’s story. If we get negative news, I’m curious as to what the BoD will look to do next.

There’s nothing to say the ‘proposal’, not offer, is off the table either.

In terms of your comment “we are now in a firesale situation”, that’s not based on any evidence whatsoever. They commenced proving-up the assets two years ago, to which we are still awaiting the CPR and DFS. The likelihood of a buyer purchasing the assets without a JORC is very slim. Effectively, nothing has changed over the last 2-years. Yes, there’s other Geo-political issues going on, but to date, we have seen no evidence that EUA nor its subsidiaries have been impacted. There’s no evidence of any buyers leaving the table or offers being reduced either.

I agree that it is understandable that the mcap has fallen, we’re invested in a company that’s currently making little to no profit. That, coupled with the unknown regarding the asset sale and the outcome in Ukraine was always going to have a detrimental affect. The share price may even continue to reduce until there is some certainties.

Either way though, the likelihood of an offer being accepted for anywhere near the current mcap is minimal. The DFS once completed, along with giving certainty to a buyer, would open-up further funding options should the company look to pursue production as an alternative option.

Ref shares inleiu of advisory services, it depends what you believe they have advised on. Moreso considering there’s little advisory work required currently and nothing that a Nomad wouldn’t handle. Plus, if they don’t convert the warrants, they have not paid-out any funds.

OutsideTheBox, to be to Align, PFP’s position is very difficult to quantify given the circumstances and various possible outcomes. The ‘initial target price’ as they call it, isn’t overly optimistic should we revive some good news and a favourable result.

To be fair to them, it not a bad little business the run. Get given shares for free by producing a research note. Big the stock up as much as possible, then open a spread for when it drifts back down. Questionable from moral perspective, but good from a business point of view.

Ref squirrels, I’ve never had one land in my head, but I can probably guess my heart rate would elevate slightly haha.