Member Info for myfirstmillion

The shareprice went up on Friday

Thanks chaps some interesting points both ways to consider. I guess the company will run all the figures and come up with the optimal outcome for the company and it's shareholders whatever that might be. They'll have a good handle on all the costs versus benefits etc. I trust them to make the right decision. I'm just really happy to be part of something that could be life changing for many.

Thanks chaps some interesting points both ways to consider. I guess the company will run all the figures and come up with the optimal outcome for the company and it's shareholders whatever that might be. They'll have a good handle on all the costs versus benefits etc. I trust them to make the right decision. I'm just really happy to be part of something that could be life changing for many.

I personally loved this interview it really sounded extremely positive to me. I can't make up my mind which route they should take. If they go down the self funded route, $10 million is a cinch and might mean we can just get a loan and avoid any dilution, it would also mean we get value achieved sooner with some still very good economics. The alternative is to JV, give up some of our equity but for even better economics but a bit longer to wait.

For me it hinges on one thing. If we go down the first route, with the cash we'd be bringing in how long would it be before we could fund the titanium / vanadium mining and processing ourselves? If we could fund 100% ourselves within say a year of commencing mining and not have to give up any equity I would favour that route. I don't know what it would cost us to mine and treat the titanium to make the titanium powder that is valuable so it's hard to tell how long it might take to raise the requisite funds. If it is very expensive and would take us years of production then I would favour the JV route as long as we don't have to give up too much. Interested to hear what others think and if anyone can illuminate wrt the CAPEX required for the second option.

I would just add that during most of that time Copper was at very low prices, as soon as Copper prices started to pick up we had the offer. Fortunately as prices have continued to rise that has now fallen through, with Copper taking out all time highs and predicted to possibly go to $15,000 over the next couple of years I've a feeling that it won't be anywhere near as hard to find someone willing to take Mankayan off our hands. First we need to get the licence extended though.

Jim Paterson at a uranium conference

https://twitter.com/ValoreMetals/status/1388104626986172418?s=19

The figures they came out with for 2020 were average figures so will include downtime.

Aye MM there's no doubting the massive potential here, could literally be life changing for investors if everything falls into place.

https://twitter.com/UKInvestorMAG/status/1388084541684846596?s=19

Sorry for the repetition MM if lse would get their act together this wouldn't keep happening. I refreshed on tlou thread and nothing as soon as I post your post then appeared. Feel sorry for anyone that actually pays for a subscription to this site!

https://twitter.com/TlouEnergy/status/1388041085281349633?s=19

https://twitter.com/duediligenceguy/status/1387918458747301888?s=19

"Maybe I'm wrong, but isn't it likely that the PEA will slip from q2 given the current pace of drilling?"

The chart will most likely know before we do, I'll keep a close eye on it.

Second touch and bounce off of support today. Consolidating nicely with a shallow trough rather than an aggressive drop. Love the way this share behaves from a technical standpoint. Can't say when the next move North will occur but every day that passes gets us a day closer to the the updated PEA which is scheduled for this quarter and will likely be very good, so I don't think it will be long.

https://www.tradingview.com/x/NZzz1rIV

Dunno about fresh air but with the amount of hot air from Brad we must be able to power something.

Ok so today we had the classic retest of yesterday's broken horizontal resistance that today became support as shown by the horizontal bar. You can see price rebounded nicely from here exactly as you would expect from a technical perspective. What was also interesting was that we created a new intraday high price at .4. All this bodes well for further continuation of the longer term uptrend. Stay calm and enjoy the ride ;)

https://www.tradingview.com/x/gTqbmmyl

Just for clarification the previous rns was stating that the reverse takeover with Asiaphos and MMIH had been terminated but there was still the possibility that they could have done another reverse takeover or IPO and completed the deal with us.

Today's rns is saying that we've now terminated the possibility of any other kind of deal to acquire Mankayan from us which in my book is very good news.

Wrt the licence well the article the other day stated that the Phillipines is now issuing licences again and is once again 'mining friendly' and that was for an open pit mine which is far more environmentally damaging than a sub surface mine (Mankayan) so I wouldn't mind betting that Colin will keep his powder dry wrt a sale, apply to get the licence extended and then wait for approaches as Copper and Gold prices continue to climb.

That's pretty much how I see it o2b@c, these boys have done their homework wrt Jamaica.

Turnpike if you had studied charts for any length of time you would understand that they reflect all known information, whether that be in the retail sector or information that only the few are privvy to. It is reflected in the buying and selling of the underlying asset and that is what a chart displays, all that buying and selling reflected on one simple chart as price. You can doubt the veracity (if you like) of the posters but even a cursory glance by a novice can see what the chart is screaming at them.

0.5 could easily fall tomorrow and once that is breeched it's clear daylight to over a penny.

Very true RR. I'd be livid if he sold this lot for 50 million!