Member Info for Naylor442

You could argue that Havieron also existed all those years ago when it was drilled but not to a sufficient depth and therefore not discovered. Essentially you need the right team and structure in place in order to be able to extract value.

Also using all capital letters is just childish Paul and gives you no credibility.

@gg19.... Shaun has recently given an interview with a PI which was subsequently uploaded onto Youtube...

I'm pretty sure thats enough evidence that they are "aware PI's exist"

Very interesting. Just a shame to see the SP decline on the back of very positive news. Yet another AIM share where asset value is truly detached from the market cap.

@Laverda, I am on the fence regarding a large mining company tbh. On one hand, I agree that it reduces our likely overall return as some of the economics will be passed to the mining company, however on the other hand, it reduces our risk significantly whilst providing a return in a shorter timeframe. It is a trade off but I am leaning towards bringing in someone with mining experience. It is not particularly common to see the explorer to miner transition.
Plus if we did get a chunk of cash, we could also focus on our other assets in the portfolio.

With this SP action you'd think we got bad news yesterday...! The project NPV dwarfs our current market cap by over 10x. Annoying to see the price slide however so much upside to be had. JV / funding arrangement incoming which should see a significant re rate hopefully.

I think this is incorrect. A private equity firm typically has a target 20% return given their mandates, however pension funds / SWFs / family offices etc have lower return targets. If a company has a cost of capital of 10%, then a mid to high teen IRR is massively attractive.

Our time will come.
Based on todays USD:GBP spot rate, our market cap has 10x upside to match the post tax NPV listed in today's RNS.
So 10x upside which gives no credit to:
- Further exploration and expansion of the Bougouni
- Further upside in spodumene price (note todays' value is VERY conservative)
- Other Kodal assets aka GOLD

Post tax NPV > 500m, we have a market cap <50m, yet the SP hasn’t moved. The stock market never ceases to amaze me!

It is a joke, thats what it is...! Buys c.2x sells, yet we close over 5% down. Manipulation at its finest.

I would assume that if they haven't been displaced after 18 months then they probably wont be now Roy.

Agreed that it doesn't change anything, it's just annoying to see. It happens with a higher frequency and to a larger extent on this share than on anything else I own. Madness!

Uncrossed Trades on this share are an absolute joke.

Not sure about you lot, but I would not want to be out of this over the weekend!

Who knows what fun and games Bernie has in store for us next week...!

Personally think it is just Shaun using it as another timely reminder to investors of the quality asset which we have. He’s said multiple times that he thinks value does not reflect the asset and I think this is his attempt to remind people and convey that message.

Maybe we are in for an RNS given the strong SP reaction today? No reason behind it otherwise, so potentially a leak?

Minerals :)

He could at least of done a video!!

Come on Bernieeeee!

I think the point is more that the 5% will set a valuation floor to the SP as opposed to the final value.

* 1,000% :)