Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Question 3 for me is whether in the CS trial there any fundamental issues likely to arise
as they did for perlite . In other words come April are we going to hear that the mix was not done properly , it was poured at the wrong site ......you see where the rest goes .
Proper professional project management is required . The perlite smacks of ametuers and certainly reflects badly. These are binary events - its make or break . You should be all over it .
Patience , patience , Mr Negative ! That phase / opportunity has gone . What about trust , trust , Mr CEO .
The one thing you don’t do in PLC is say something and not deliver , otherwise trust goes , confidence goes and you never recover . Not rocket science . Just do what you are paid for properly .
944Turbo , totally agree regarding GGP which has been substantially de-risked compared to the others you mention and UFO.
I can only hope that my UFO holding comes close to what GGP has achieved for me.
Why would you want to sell now when there is the probability of so much good solid news to come !
Sure the SP has risen sharply today but perhaps its just getting to where it should be .
As soon as I learned that we had the backing of Slater as an investor I piled more £'s in - they are shrewd investors . There's not a lot to be negative about here .
Thanks RO , a better day all round . Looking forward to the webinar and hearing more about the plans for the future .
Broker Note and possible news on what our finance house / partner has been doing regarding funding the $50M plus cap ex,
are the standouts for me .
Lets hope for some steady SP traction from hereon in .
Disappointing reaction today after all the wait . Like ODR I was looking at this being significant in moving the SP forward , not backwards ! Understandable if it were bad news but it is not . It may not be exciting enough for some and those with a short term agenda , hence what happened since the initial circa 6% rise this morning . I am sticking with it as there are some inflection points over the coming months as RO has explained , although I understand where ODR is coming from , having done the same myself a few weeks back . That aside , I would be interested to know people's view of the RNS this morning . Better than expected , average or not as good ( for some spectacular ) as they thought it might be ?
I have criticised the BOD on PR previously and I feel they still have to up their game but I do feel for them today in terms of the disappointing reaction of the market . They have put in a lot of thought and work to make the RNS as detailed and complete as possible and then ......irrational behaviour of the markets ! Two year payback , low financing costs , possibly avoiding dilution , a good IRR and further projects with positive discoveries - doesn't sound as though all of that could have been already priced in, or something to warrant at one time a circa 10% fall , from an initial 6% plus rise .
Let’s hope the RNS is timed to ride the positive sentiment around copper - see link below .
https://www.fxstreet.com/news/oil-has-a-lot-of-upside-copper-prices-already-at-supercycle-levels-goldman-sachs-202102120014
I have been in and out of this since 2017 - exited mainly through frustration of it never seeming to reach its potential / value and after shareholders on this board unearthed the disposal of the GGP shareholding , which in my view was done too early and was perhaps an embarrassment . Made a very small loss.
Wondering now whether the real turning point could be SFR's declaration of how much they believe they have found at A4 ,
with MTR then having a potential value for future uncapped royalty . Does anyone have a view , in particular timing - SFR's next update ?
I also find it hard to understand why SFR's share price is so lethargic . They are going hell for leather in Botswana but never seem to have the full benefits of the deals with MOD , MTR and more recently Galileo Resources recognised . Perhaps it will take actual copper production to do that ?
As for MTR , lots of irons in the fire but always full of promise rather than delivering on a decent project . Cobre and others basically radio silence . Share consolidation does not appear to have materially helped and the ASX listing may just become a cost burden - if the Aussies cant grasp SFR or Cobre , why pay any attention to Metal Tiger ?
Yes there is always the temporary shot in the arm from ST of Inv Chronicle but how long can he keep playing the same , under valued record ?
MTR has the basis of something beneficial to existing and new investors but it has to produce a big win to gain some traction .
SFR royalty and future dividend is a very good foundation but after that it appears a struggle particularly as holdings are stretched thin across numerous projects .
If I could see some light at the end of the tunnel , I could be tempted to come back in but going through the same 20p to 23p range torture again makes me nervous . On the face of it the BOD ( particularly the late TG ) have done a lot of good things and in fairness they too must feel frustrated . A change of some description is needed and a new CEO is not necessarily the answer .
DDH , that appears to contradict DCGC's post of 13:56 yesterday where we are talking cash in hand of just over A$3M at the end of December 2020 ? Are you saying the market believes the revised drilling campaign will eat that up ? If so how do you or the market know that ?
I took a decision to exit , based upon a more subjective rather than objective basis and to use the money elsewhere . That was my call and doesn’t necessarily mean I knew it would be right , like I said it was a confidence issue for me , not that I was expecting millions of tonnes of copper from the RNS . Sure I was expecting better results from the current drilling but that wasn’t at the heart of it .
The continued sell off and SP drop is unwarranted . Looked at objectively ( see very good posts from aprogerson who articulates the case for investment for the long term ) the current price is attractive . Frankly , I am surprised by the continued reaction here and in Ozz particularly with all the talk of a commodity bull market and the importance of copper .
I took the proceeds and invested in another copper discovery .Only time will tell if I did the right thing .
So , reason for the post is to recommend readers digest all the good sensible material on here as it still has the potential to be a sound long term investment .
I will continue to monitor and depending upon priority of funds look to come back in . Bottom line , the market has over reacted as the fundamental potential remains .
Noted dcgc and thanks for the response but the smoke and mirrors of this announcement has lost my confidence and so with a small loss I am going to take the money elsewhere .
Its always a risk with AIM so I have to write it off to experience and as part of the risk
you accept when making such investments .
So unfortunately yes to your question iknuffin.
All looks far from expectations. Thats what the ASX thinks , so good it is nearly 10% down ! Smacks of desperation , using some antiquated drilling results . They even caveat in small print the thing they are bigging up.
I will be out come the morning - Another AIM fairy tale.
Bought in today as it looks good value at this price and even though it make take a little time to take off to realise the potential.
Do any of the more knowledgable LTH's have a view on the iron ore producing some income short term to fund the other as yet unproven projects ?
https://www.visualcapitalist.com/copper-driving-green-energy-revolution/
Thanks for this RO. Do you have any info on how much cobalt there may be ?
Presumably this is something PXC will look to develop after dealing with , gold , silver and copper ? Not in conjunction with !
Agree with your comments on the spread and still perplexed as to why PXC continues to go under the radar , except for the private investor . Greatland Gold was and has been supported by private investors , only recently having institutional shareholders on the register , so it is possible we can look forward to good returns on our investment . RO you have an equivalent on the GGP bulletin board , his monicker / name is Paddy Gall - a guru on Greatland and strong advocate of holding onto shares for a longer term gain , something not easy to do when you see how much the share growth has delivered in the last twelve months !
I would still like to see our CEO adopting a higher profile and promoting what PXC has and will have . We have to thank you RO for bringing Cobalt to our attention . A few interviews by the CEO would help increase awareness .
Some interesting comments and references to Sandfire's work in the KCB , can be found on the LSE BB for Metal Tiger ( MTR ).
Not promoting MTR at all ( was in it and sold - range bound and too many fingers in too many small pies ). Just gives some comfort for the potential value down the track for GLR who are in an excellent position .
Softrock and Hodgefox thanks for your response , much appreciated .
Like I said IRR have some potentially exciting projects and as you say without some risk there is not very much chance of meaningful reward . GLA
Looking at investing here and like the look of the portfolio , shareholding and management . I have read through this Board , the new presentation and RNS's. All very positive but have a slight concern about political stability in the territories in which IRR are exploring . Does anyone have any helpful views on that , in particular Hodgefox who appears to have a firm handle on the company . Thanks .
Check out Power Resources ( POW )RNS today which endorses the value of the deal with SFR .
POW have only just started whereas SFR have been drilling for months and have everything ready to drill the licences we sold to them . The KCB has huge potential and in reality will make SZ a side show ( irrespective of the conjecture on the impact of the litigation ) . Sandfire are a serious outfit who struck a deal with MOD Resources and Metal Tiger ( the best thing the latter has done ) and whilst drilling the jewel in the crown , T3 , discovered another gem in A4 .
Consequently they are not only very committed to the KCB but also convinced of its potential to be world class .
The deal done by CB will be the jewel in the crown for GLR and SFR have paid 2.68p for a share of the retained licences. They are certainly not interested in SZ. So for me 2.68 is a starting valuation for GLR with anything else being a bonus . The KCB portfolio GLR acquired was the principal reason I invested with the possibility of an income stream from SZ and that was before CB did his deal with SFR .
SFR 's success has been built on one mine in Australia and the market there has seen them as too dependant on it , hence finding an equally lucrative second string in the KCB .
The circumstances are similar to Newcrest and Greatland Gold where Newcrest need what GGP have to save their mining facility at Telfer as well as the whole discovery being far better than they could have anticipated . OK , I don't think GLR will do a GGP but if its half as successful I will be happy .
Also , the share price of GGP has had a hit over the last few weeks due not to what Newcrest are doing in creating a producing gold mine by 2023 but below expectations assay results from its initial drilling of 3 holes at GGP's 100% owned Scallywag site . Everyone was expecting another Tier 1 discovery !!!
The true value of GLR's deal will become apparent with time and in the meantime we maybe pleasantly surprised by SZ . If not the KCB deal will still ensure increased shareholder value . IMHO.
Liking these steady small incremental rises in the SP. Slowly getting there .
Wondering whether we will get a Broker Note update soon - price of silver is key to that as one of the first things that struck me about PXC was RED STAR and how the value of the asset ( therefore SP ) was linked to the price of silver , which at the time was much lower .
Anyone any views on a possible JV to develop what is looking to be some large PM discoveries ?
RO , any views on our CEO going on some PR rounds , e.g. ShareTalk , Crux , LSE , Directors Talk , Proactive ?
From what I read of the report on the proposed legal action , they are trying to enforce the principle of , " the polluter pays " and to dismiss any attempts to have passed the responsibility to subsequent owners ( GLR and/or JLP not yet operators ). This would mean that GLR / JLP are out of the frame in my view .
Are GLR or JLP proposing to undertake mining activities that would reactivate pollution or are they just dealing with the removal of tailings , which in itself is a clean up ? I would have thought that any further excavating / digging would be prohibited but it really boils down to how the pollution was caused before any judgement can be made on further mining .