focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Apologies if this extends the cash discussion. My view on the RNS is that they used general working capital as a catch all pot to be the rounding elements and add some wriggle room for the company in accounting for the requirements. Personally I dont think there was a cash call requirement per se, but name a finance chief who isn't cautious and doesn't want more headspace on cash flow if there is a vehicle to get it going on anyway. I make this point this as I believe that the core rationale for the raise was simply to allow some investors to expand positions or take new positions easily and at a better price than the market - this I believe led the raise size, not what it was needed for and hence the addition of the slush pot reasoning of gen working capital to the other longlist items.
Just my view - I expect the other items were suitably fattened in $ size also to justify the raise - we may never know as the capital usage will probably not be reconciled back once these updates are completed. There will be much more exciting things to spend our time upon.
Agree Setanta - we are 2/3 through a drill that we know the expected striations of as its a sister to an existing drill not many yards away. That must significantly de-risk the outcome and expectation of difficulties prior to the big Kicker that is also known. Equally it should not be a duster on the same basis and expectation (mine at least) is that it will be high pressure leading to good hydrocarbon flows - this is all good and I would have thought lure in more punters.
What I have lost sight of is the next steps. Assuming a successful drill, we would presumably test for 2 weeks (?). What is likely to be the best way to producing from there? Do we need to revamp our gas infrastructure or do we attach to pipeline after some on site shenanigans (technical word used by cost accountants to cover activities of on-site experts).
Whilst we wait, if someone has a view on the next steps to get to production (on an assumptive basis) I would be very grateful.
Thanks Maddog
I understand the average v latest price point. Im simply looking at quick cut impact to bottom line as a result of price - for future forecasting.
Seis your point about RM costs rising as a result is valid and I suppose needs a guestimate factor in the mix overall.
If we are about to see prices rise and rise understanding the hydraulic effect to Net profit is always good.
Thank you both.
As ever, thanks for the costing estimates Seis.
I was wondering if you have the following to hand and if you would share - In terms of each metal, at expected throughputs what is the sensitivty to price?
eg for PGMS, for each $10 rise in price per ounce, JLP profits forecast to rise by $xxxx.
I realise Chrome and copper a bit more nuanced by the expected capacity produced, but I would love to see the quantum of upside relating to the wind being on our back in the rising prices.
Humble request and do ignore if that suits - I am very thankful for your contributions to the board on these areas.
AtB
NtD
Does TEK still own 77% of Microsalt. SALT mcap £43M - 77% X £43M = £33M. tek mcap = £18M!!
This is ridiculous - even if we were to shut Lucyd to reduce any future cash obligation, we are hugley undervalued with Guident not even in the mix.
Super disappointed and TEK management need to address this gap imv if they want people to invest.
Holy Moley RB,
I hope you are taking some profits as we go forward. I thought I was fully vested for my own sake in this coming good, but your position has doubled down my hopes and belief for this share. I was rooting for you anyhow by proxy, now I am even moreso - one of us loosening the shackles of everyday life is certainly a goal I can support!
Good Luck RB and good luck to all!
So a theoretical $4.6m value at this mornings MODE price x 125,000,000 tokens. Not shabby for this stage.
I could live with that
I invested for the esports but will freely admit that is a long gone tenet for holding this share. However I do hold some optimism (albeit from a fairly uninformed side) as to the PENdulum prosects of success.
Just putting this out there -i suspect there are a few others in this frame of mind who may appreciate a post that isnt so negatively framed.
If I didnt have a whiff of hope I would sell and move on...
I am happy to see that RNS. THe dark dark days arent over as yet but there is a glimmer of light growing on the horizon - the Vela investments reflect the state of the market as a whole where lack of liquidity in the market has felled the SP of many tech based shares. I am optimistic in H2 of 2024 as market sentiment hopefully returns (with interest rate drops?) and II money peeks its head out to look for growth shares to improve their performance.
Vela way too cheap against assets on that backdrop of optimistic market recovery - thats my current view but I still havent bought - just feeling happier with what I havent sold at a loss.
If I didnt have a stake however, I would definitely have this on my radar.
Thanks Mikie
Who can resist a snippet of plant p o r n!
Very simple, but in a nutshell tells you of the technical skill of JLP to design this, the potential and the sheer scale at which these guys are capable of transacting - love it.
Cmon Roan!
Ragnarr is by far and away the best poster on this board in terms of info imho but not sure he has a preference for sharing his or indeed any price predictions. Now that you have asked SlugMum, why dont you kick things off with your 6 month price prediction for Blu?
Thanks Snowroll
That article was dated mid Feb 2024 and says "Scheduled for a Q1 release, Pendulum’s Forex DEX leveraging Nabla’s technology, is set to bring Forex trading onchain and improve stablecoin utility for the Polkadot and Stellar ecosystems. "
This is Slugs key concern I believe- we cant rely on the timelines - Q1 is gone and not only isnt it launched, there isnt a revised timeline for its release.
Excited by the tech here but tempered by the challenges SP and Pendulum have in keeping timelines. If i have got the wrong timeline then will be happy to be corrected.
Personally, I think we are getting close, but rather than having to dowse for this information they could give us better comms.
I still think we are a couple of years early for takeover. People will want to see proof of the pudding - we have barely started the module model and we have Roan to showcase yet, if not another refining capacity after that.
The case for takeover, if copper remains on course for the supercycle being anticipated is strong - what would supercharge any appetite for takeovers once JLP is proven is whether finance or access to resource is a limiting factor to future expansion for JLP - if the answer to that is yes, then its easy to make a case from inside a cash loaded entity as to how you would accelerate the profits to be made.
Cmon Roan
Personally I would be delighted with 10p by July (reflecting this drill findings). That would form a very strong SP platform to then stretch out further depending on the resultant Paradox drilling, Paradox gas & oil to market achievements, the impact to reserves, Hydrogen drilling, any farm in news (and its impact to our finances). From that 10p ish, I would be very optimistic we can layer out an operational programme that would see that rise to 30p to 50p range in the medium term - 1 to 2 years oprational in that no acreage or agreements necessarily required - its already within the assets of Zephyr.
I have to say, thats more than good enough for me from a 2p start point though I will most likely be slicing and taking profits as we go.
Heroric,
Your over exaggeration means the point you rely on is missed. JLP are producing copper (the 300mt per month) but this IS less than we had hoped for with the full Roan upgrade.
I cant believe you doubled down on the no copper missive when corrected - either qualify your post or I will report as it clearly mistates the position here.
Reassuring RNS from my perpsective as it demonstrates that;
1. PAT is not a one trick pony - as well as the litigation we have multiple other developments underway.
2. As per above, the share price is arguably supported by many other assets that Bhukia - what element of the 7.25p is for this element?
3. Mark is a talented boss - his deal making appears to be very good indeed. I am happy to put my trust in him.
Im guessing our next Paradox update will be CH vid on twitter from site - all id like to hear is " we are on or ahead of expected drilling timeline and maintain same outlook for 30 days". If its an RNS it means there is probably a wrinkle or 2 developing - unless its linked to other associated infrastructure at Paradox news.
Nope - Just giddy with excitement.
Whilst my aim in investing is to build an annuity income stream - effectively earning "while I sleep", it can all seem a little dull at times but Zephyr aiming to drill a new field into play in the heart of the USA is worthy of tuppence invested as per the Mary Poppins song.
During the current and next few weeks, when I am sleeping, when I am working, whilst I type this missive, there is a motivated, crack team of action mean and women drilling - day and night in an area that hosted outlaws and ne'er do wells only 150 years ago. Truly exciting if you stop to give it a thought. So whilst there is no news I am thankful for the privilige of being able to be a part of this and may even break out some Country music as a backdrop to enjoying the wait - who wants to feed the f*cking birds anyhow!