Member Info for MrBB

The opinion/decision of the 2 guys owning Century will be crucial as they own 30% of Pitfield -with which they can do as they wish & if they sold to titan for the equivalent of £2 per share , the titan would be obligated to bid for the rest for the same price

I have held since shortly after the IPO & if they continue buy backs at this rate ,(adjusting for occasional increased buying when they consider The Market has marked us down unreasonably ),we will only have around £36m shares in issue .

Obviouslh ,with continued growth our SP should increase so the amount of shares bought back could reduce if we want to retain our cash buffer at $900m-$1bill -or they may change policy & increase dividends .Traction in recent overseas markets should ensure future growth

Excellent update & hopefully our strong start to FY2( will continue through H1 & beyond resulting in increasing expectations as the news flow continues to exceed expectations

Cev -don’t let the b5stards get you down -not worth increasing your blood pressure .

Phil Brummit & senior specialist management team would not have joined without substantial due diligence & they are either idiots ……..or not ,& I speculating they they are not !(

Ironically ,Mid East Markets are open on Sundays & they all remained stable or rose -especially the Tel Aviv stock market indices .An unfortunate bi product of political global instability is likely to increase the demand for high quality materials from which aviation & weapons are manufactured resulting ,perversely in increased demand for high quality Titanium ,mined in a politically stable region of The World

Hopefully !

Thanks Ageos for your deep technical knowledge & for sharing your honest & pragmatic options with us all here -we are very fortunate to have your continued pragmatic & inciteful summaries of what we have ,where we are at & the possible direction of where we may travel .

Thanks also to ML for your regular ,persistent ,encouraging & well researched comments .

I hope Ageos has as many shares as ML as ,if so ,he/she too will now be in deservedly high profit here with ,no doubt ,more to follow

Realistically, Ambrose raising millions in investment funds looks challenging.There bank balance @ 31/3/24 was negligible,although they have since issued over 1 million shares & not clear how much the premium may have been.Their share issue to Valiseek gives Valiseek just under 5% of their enlarged capital & Valiseek own 75000 Ambrose shares , ie under 0.5%.

Lets hope Ambrose arent another TheoremX & never raise the capital required & should Ambrose issue £6mil of shares to us, I suspect we will own it-& back to square 1.

Perhaps The Market will be more excited than me!

Your statement ,Artic,neatly summarises the risk/reward ratio- ie you,pragmatically & in order to avoid more risk now & until you see actual product in a titanium ingot you will continue to hold an investment (which has already 4 bagged for you-a fantastic return), before buying more, while accepting that once our resource is proven & ingots produced, you are likely to have to pay a higher price , which you are prepared to for reduced risk.Others have been happy to buy ahead of our resource being proven in the hope /expectation that when that happens our SP may be substantially higher than it is now.

Good luck to all investors here, whatever your strategies-as long as they work for you with view to your risk profile.

Great to see good strength on relatively high volume without news as a catalyst.

The SEYE lovers have been quiet over recent days,with one exception & their SP action over the last week or so suggests that they maybe trying to get a fundraise done ahead of their expected cashflow break even - or not ?

Seize-there are other leading companies in the Waymo space & I would hope that we are also talking with them-no reason why they should not all have our technology if it is Market leading & essentially a white label product.I would love us to market our assumed relationship with Waymo but I also want to see a stronger Q4 than expected( hopefully aided by the Magna VW ramp up),G3 meeting production targets of 6k units in Q4 ( or more),with a substantial number of G3 units delivered installed in customer vehicles & an extension to te Magna deal + confirmation that we remain on track for cashflow break even this calender year.

Volumes of VW models are increasing which should be reflected in the KPIs for Q4 ,which could exceed expectations.G3 production & retrofit should also increase substantially this Q.

I agree that we may have hoped for a Magna extension by now,but every report published suggests we have an excellent working relationship & the only reason they wouldn't extend would be not bothered by the lack of exclusivity-which is unlikely if they believe in the integrity of their mirror solution.

Not long to wait !

Amazing % ,which can be improved !

Ben got-last Monday it was 4/5 weeks -now it’s 3/4 weeks !

Interesting summer for EEE & investors .

3 or weeks left of the drilling campaign & if SB follows previous form early results will be announced shortly afterwards with the MRE/JORC,possibly even measured,could be release by end Aug/early Sept.Being currently well funded an investment is a binary investment based on 2 possible outcomes-

1)We fail at the last hurdle & unexpectedly all drill holes are blanks - unlikely

2)All drill holes confirm the continuation of extensive high quality titanium with the potential for very high yield

Most , including our Board expect option 2 & I have no idea what our SP will be if & when this news is released.

This is the investment risk which not everyone has a appetite for & they should avoid EEE until it is de risked further & accept prospectively lower returns on their investment in return for peace of mind.

The Market is clearly encouraged right now & as a long term investor- so am I-so lets hope we are all rewarded for our commitment & vindication.

Great weekends to you all !

Only option available if placing not viable would be to sell our only prospectively viable asset we have cheaply & long before maturity & if really lucky perhaps bring in a JV partner & retain 50% of potential?

The factual output ,so far ,has been strong & we are still valued as a highly speculative Aussie explorer -quite rightly so until the JORC/MRE are published ,by the end of the summer .

Should they reveal one of the largest high grade /high recovery % titanium then the risk scenario regarding EEE will improve dramatically -we should remember that the % covered of Pitfield ,with drilling only down to 65 metres ,covering the weathered cap -is tiny when compared to the potential of the whole of Pitfield .

The JORC/MRE will reduce the risk associated with EEE substantially & perhaps the mining majors will then pay attention .

Buying at these levels (eg the 2 IIs recently investing in the raise ) provides the opportunity for a higher reward v risk ratio -which they clearly have the appetite for & looking at chunky buys over recent days ,there are others taking the same view.

We all must consider our own attitude to risk & invest accordingly

Tomorrow ?

Simple fix-change supplier ,pay a little more for a high quality product &stop losing out to the competition over a couple of bucks -pathetic !

The OEMs buying this inferior system may regret not buying a higher quality system ,albeit for an extra $. or two as the reputational & brand damage could be substantial