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Regarding Elemrntal Altus... the family fund who is backing them is an Egyption one, known in the gold space, from the Altus side... the company retained the royalty that had previously been announced in the then shared gold interest by RRR and POW by RNS, the brak in paragraph on previous post regarding strategies was just a typo not for extra emphasis.
Cheers...
No Banbury, Altus Strategies - going from YouTube mmemory, I believe it was 2008, had a merger of equals and is now part of Elemental Altus... Canadian listed. Altus' concentration (not exclusive) concentration of focus was considered original but interesting opportunity by the interviewer who was actually very enthusiastic without gushing or naive when interviewing the two founders of that company.
Other companies - not royalties sometimes have smaller or even just one concentration of asstet(s) in Africa (within the mning industry) some focus
on Africa is a valid strategy amongst valid strategies...
Each mining company will assess their own risk profile and jurisdictional risk, growth opportunities, geopolitics needs of the economy and so forth.
Banbury - regarding point 2, RRR sold the POW shares at a profit - some time in the last 18 months I think (max 2 years) utilising the asset for liquidity purposes at the time.
There was a junior royalties company that launched in 2008 primarily focused on gold copper, maybe a bit of iron ore. Large area of focus was Africa with some focus on Australia, only had to let one country go from its focus on assets and within the last two years (max) had a merger of equals with another slightly further advanced royalties gold company both had beenn backed by a known family fund, all inteterests at the time and still - I think, retained within the new bigger company including more South American interests and possibly Australian - just going from memory.
If a company knows what it is doing then investing in, Africa perhaps balanced by a country like Australia -even if that concentration is smaller, is not unusually risky in this industry.
That's more fear Banbury - like Indiana Jones having a challenging time... not "snakes and ladders".
Whatever happens, whatever decisions people make -hope all can have a sustaining (not eternal) cup of tea and sometimes... food as good as a happy archeologist.
At least he wants the company to make it.
But yeah, definitely a step up with clear, well presented interviews and a serious understanding of the geology.
Presume you mean... rather than a bedroom podcast...
Both in the upper half of the spread and could also have been the same person, e.g one purchase could have gone into an ISA, one ito a SIPP.
In a scenario of two different people regarding 27k, I wonder if the first could be a buy DIY done electronically but the second could also be a buy at a fractionally lower price but done over the phone with the dealing team of a brokers having negotiated the best price for another buyer...
News,
He was referring to a comment by someone -presumed to have taken part in some placings - but it was originally made in a rhetorical context: imaging a positive situation if some good gold news gave the share price some upside - so a placing could be made at a higher price than now - that is what I read in to it but it was definitely a rhetorical question and not meant as an authoritive prediction of what was going to happen.
Anyway if you are going to have a holiday and / or rest over the summer I wish you a good one and thanks for your posts...
Battery pretty much out..
Cheers
The first person to quite recently imagine a 0.2/0.3 placing was expressing a thought as a rhetorical question. It wasn't put as an authoritive prediction.
Dilution but also the reaction to the dilution, more selling than buying over that 18 month period. Amazing how even very competent people can make that mistake, I read it as intended, not wrong to correct that one. May have happened the other way round once on this forum with a 1, better to happen in writing that in actual application in numbers of personal consequence, I have on occasion made that mistake.
Not long before hand I was writing by thinking in factor's of ten.... divisible, it was obvious that approximation on my mind so apologies to relevant person if that subliminally influenced.
The Blue Star Resources comments were successfully challenged by Bell and Winnifrith in the comments after the article ditto. the creator's bit about the telegram group - very well summarised in the response by Winnifrith. Bell had a right to be annoyed because the creator of the content had said the reader would be able to recognise the companies.
It was a "stock photo" (thought the Wikipedia explanation of the term was quite good - later slang not included in the article if correctly remembered) so that can happen in terms of someone "half-inching it".
Regarding if any lithium was exported to the port: Bera but not yet sold - regardless of tactics / price of the commodity speculation, I have asked myself if lithium ore can be stored for quite a long time and tried researching that, from the limited stuff I could find I am extrapolating that it could potentially be stored intact for years?
In relation to intact commodity storage, I ask News or Heplful to let me know in general terms - if that is possible? Thanks...
Back to the responses to the article, in relation to a comment about the speculated weight of the overall sacks - lithium is dense so... heavier car batteries and tyre pressure on roads, I presume the sacks can't be too full loaded for the men to be able to move them.
The 1 tonne would have had to refer to the overall sacks and if there weren't enough to add up to that weight, perhaps the photo was taken slightly early in the gathering - perhaps a little clumsily done rather than careless. If it was delegated then it might actually be noble not to have explained further - if it could have been more precise. Maybe the collection of ore was a heavy enough visual representation.
Well, I take it from that the 10-15% is for newer licences that are not relevant to RRR and the subsidiary, could be wrong but that's my logic on it.
Not really sure what the earlier part means, guess we might find out one day. But if if it could be reliable and long enough term it might, might reduce the potential need for dilutions in relation to advancing the project.
Split / farm out / joint venture - whatever you want to call it - if it were to happen, is being discussed by you in negative terms but so is dilution to advance the project. If the former might reduce some of the latter is that negative? Some cornerstone investing might be helpful for stabilisation.
Agree that it will not be entirely rational to to try and work this out on a verbal chess board, any changes to the January 6th 2022 RNS would only ever be communicated by a further RNS.
The January 6th 2022 RNS says that Faso Greenstone Resources own 80% of the asset and Red Rock Resurces own 100% of Faso Greenstone.
Cool Banbury, with time frame, I will always mean assets and outlook. Enjoy the good weather and cycling...
Regarding possible product in June, feel free to take a good couple of weeks off... : )
Your entitled to your opinion Banbury, as you know I am neutral on your "lost bit of weight" and probably have a more generous time frame.
A royalty can also have a generous time frame...
Cheers
Thanks Banbury,
I have done some initial basic research regarding the terms of reference you included so probably have improved my knowledge slightly.
You correctly referred to experts and I think we can agree that Littlejohns auditors are expers regarding the accounts of companies.
I think it also reasonable to postulate that the Simply Wall Street platform does provide access to expert analysis of companies which is fairly up to date and quite easily accessible.
A couple of things I did note from that website was that RRRs debt to equity was 19% which was deemed acceptable. The cash runway was deemed acceptable via the green tick without a cut off but the estimation is not 0 months because of the most recent fund raise since the month it was obviously required...
Obviously the sale of an asset or the most recent fund raise helps the company remain a going concern in the short term, I think if casflow was to be achieved inthe months... ahead, that will help.
I'm not quite as negative as you regarding "no tackers" because takers require givers and only the company will have the strongest ideas on its potential tactics there.
All the best...
Asset value....
Maidit might be rounding up slightly or his source might be but I don't think he is too far off.
Simply Wall Street give Red Rock Resouces a book value of 14.68 million pound sterling and a price to book value of 0.1.
The company has not been looking to sell every asset for the last three years as one of their assets, which used to be a jointbventure, they were looking to IPO and one of their current assets they are currently looking to produce. Tactics from the past may or may not change in the present, though I think the present is still present.
Ended up a bit out sequence so thought I would start a new message. Am not going to hang around any longer, have got other things to do...
Slightly joking obviously - still positive.
Helpful, with the other comments I forgot to reply to this one, so thanks... I do understand more fully now regarding mechanisation details.