Member Info for Naylor442

Has anyone done a read across on what the 5% for 65m would translate into for our total resource?

Size in this instance is less relevant. A Director purchase is more reflective of their optimism and confidence in the stock. It is a case of signalling. The actual purchase size isn't expected to impact actual pricing.

Don't think that is correct Laverda. We own the full 100m of cash on the basis that Hainan did not pay 100m to then give 50% back to themselves? Believe the cash is held in a different operating company from where the mining license / land is held.

Embarassing from Berenberg. Would like to know on what basis they can devalue a Target Price when there is an increased resource estimate with a higher gold price.

Would pay little notice to what they say, they are a 2nd tier equity research house and it is likely some fresh out of uni graduate who doesn't understand mining driving the analysis.

What is madness is that our market cap is now worth less than the cash which we have on balance sheet!

Because that makes loads of sense...

I would understand more if the NPV of the project wasn't a) much higher than our current market cap, and b) if the lithium price which underpinned the study was at spot...but its not. It was prudently set significantly below market.

This is such sloppy journalism, like how do these people have a job.

"The $100m acquisition of a 51% stake in the newly incorporated UK subsidiary holding the Bougouni lithium project naturally infers Kodal’s stake is worth a little under $100m."

By definiton, it meants Kodal itself is subsequently worht $200m but virture of retaining the 49% PLUS $100m cash.

Idiots.

And Devil your posts are laughable. All you do is compare the SP to the all time high, obviously it will be a loss for the people who bought at that price.

Why don't you compare it YTD, or L12, of L3Y and people will see a high positive SP increase.

You are just a fool.

Hadrian, you are so misinformed. It does not amount to "dilution" as you would call it on the basis that they were granted at a price when we were below 0.49.

Therefore at the time of grant, it was actually accretive to our valuation.

Stop trying to spread misinformation, or even worse, don't post when misinformed.

The market cap is now approximately the same as the 100m equity injection...!

See the wood through the trees people, this is just madness. Essentially market now attributing zero value to any of the assets or future income.

Massively undervalued now.

The markets are so irrational. SP hit 0.9 on the expectation of what we have been told in the past 24 hours.

When it actually happens we drop ha.

Just stay the course, this is a sure winner now. Production by end of 2024!

A few days ago people were worried that newcrest (now Newmont) wanted to sell out of GGP.

Surely people can see the wood through the trees, they have just had a JV meeting to discuss the future of Havieron, they are conitnuing decline development, they are still progressing towards the ore body.

Sounds to me like everything is still pushing ahead albeit now at a 3 month time lag to what we expected yesterday. The sell off doesn't justify the news in my opinion.

Imminent MRE to look out for so cannot understand people selling out personally.

Anyone who compares SP rather than market cap should stick to savings accounts and not invest in AIM haha

Okay then Bamps, question for you. Say the share price now goes to 3p under the watch of the current staff, should they all get incentives to get the share price back to 7p?

Would you say that would be a well deserved incentive package?

SAS it is because it is essentially a free option. If SP exceeds the exercise price then they can buy and crystallise an immediate gain. If the exercise price isnt exceeded then they have no capital at risk. That is not the same as buying the share on the market.

Think you are missing the point of my post tbh Bamps.

Would you have been happy with share incentives at 11p when we sat at 38p?

So why would you be happy awarding them when we sit at 7p to people who overseen that share price decline?

Bit counter intuitive that you can oversee value destruction and subsequently reward yourself for getting a fraction of it back.

Shaun doing what Shaun does best....dilution and lining pockets.

I wouldn't mind but saying "exercise price which is at a significant premium to the current share price " sticks in the throat a bit considering I view it as a significant discount to the share price when he joined.

Whilst nice to see the share price up today, knowing ECR, we will be back down 20% tomorrow.

Doesn't sound like Hainan have any concerns...so why should we!

I think the sell of on this share is now well over done. We are now below the price at which Hainan have come in at.

Appreciate the multiple extensions, however fundamentals are still there and a recent recommitment with the front loaded investment.