focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I think originally... before the liquid assets was sold, I think originally the Jupitet asset was bought from Red Rock Resources, it might have been a non-public asset when Jupiter bought it but the way I read the Bell interview from 2018 (read recently) was that Jupiter bought it and thst probably explains the nice dividend RRR got from it and how that one asset, through the retained equity exposure up till late 2021 was often worth more than the market cap of RRR.
Regarding El Limon, I think that was successfully sold - at a time of lower gold price (made sense) royalty retained, let's see how that goes over the next year or two... if it starts or re-starts after not coming in for a while that does suggest some success even if there had been previous complications.
Some stuff definitely needs to be verified before it can go to RNS.
There was a wider point that has been alluded to in this general discussion about how can a company discuss its general aims, its current progress outside of what the RNS messages are currently for. It stemmed from points to potentially improve Aim that were written by a freelance financial writer who specialises in financial law. (A reply to that on twitter was mentioned by one of the posters here but the points were by the financial writer).
One thing Helpful was indisputably correct on was that his and the writer's point (independent of each other) regarding restrictions on what can be communicated and how can a company talk about its general efforts was in the same context. It is a point not specific to this company. There were a couple of points in the article that might even have united this stock's bulls and bears followers.
The article was Charle's Archer's "15 points to improve Aim" and was meant to get some people thinking, not a claim to the answers but a good read...
... over the years.
There have been a couple... of sold assets the over years and one was taken.
Kever, you seem fixated on Victoria Oil and Gas and Boil's new CFO, Boil is a different company to VOG and it has a serious asset, with farm up achieved and is in discussions for farmout with a rejuvenated and highly motivated board - you have ignored all the other good work Collins has done and his general experience - even if that includes inherited problems at VOG which involved re-tested and quite complicated legal dispute.
Rather than just concentrating on a specific, why not check out the company and recent RNS' / interviews, then see if you still want to criticise otherwise it just seems like deliberate disruption.
Mathematically Banbury you might find more than two hundred ways talk about 200 tonnes.
Historically you stated more cautious positivity regarding the lithium than me regarding potential sales, some time ago - I've never regarded the company's comments about lithium as particularly hypey - as said, I'm not up or down about it, mood wise.
The logic of your earlier comment works in the narrow sense but not when bearing in mind the company is choosing to concentrate on the more favorable commodity of the moment - that is what the purchase of equipment and organisation of staff will be focused on. As a small outfit they need to be focused on how many active hats they can wear at any one time; although paraphrasing - am not just surmising from imagination - relates to comments in a Stockbox interview.
There is no point trying to find specific mathematical evidencecto satisfy your appetite if it sacrifices something that might be transformative elsewhere. I think the companies priorities if met with success, will be a more natural remedy to the mood music - than lithium and could be better timing for growth.
It would not be better to sell a stockpile "now" if it distracted and slowed down progressing the stated priority.
Full year report will, I agree, be more detailed, that will be autumn by which time a bright breeze might have blown away some of the "bad" - which would be good.
Penultimate paragraph of Other Assets section March 28th 2024 referred to lithium as "current stockpile" in Beira and Harare. That was from the half-year report, recent StockBox interviews on YouTube are quite good and he is a fair interviewer.
Your stated belief Banbury goes against what the company boss has said in recent interviews and goes far beyond - by way of surmiding what is stated in the haf year report.
Stating surmised option as fact does not make it so...
Spending time repeating a theory does not make it evidence of fact - it just confirms, a repetition of stated opinion...
Well, it seems that it is Beira and Harare according to the company half-year report of 28th March 2024 - other assets section.
Before full confirmations it always comes down to "trust", faith - belief based on how one reads the available information and the wider political and economic issues.
I think the company is quite busy at the moment, there has been some evidence of that, confirmation will take time, hopefully there'll be a few dimes...
One variation to that, Banbury, it's not being sold any time soon it seems but confirmation of existence might compromise the physical security... so it comes back to "judge us by our exports" or even the domestic market if regulations / plans change.
My judgement on the "white gold" will wait, I have always quite liked the company for its' gold projects balanced by a little diversity - as with everything, time will tell.
RRR via their boss have said (slightly paraphrasing) lithium has been obtained from other producers and is in storage during the currently lower price.
The pivot is to a commodity of a higher price and as a small company they have to concentrate their focus on what they are close to market (paraphrasing an interview).
The gold assets aren't knew, the commodity price increase is recent so it is for people to judge on their own explanations.
Personally I've never been that bothered about the lithium although it's nice to have, if it is in a cave somewhere and there is price recovery - the cave might go up in value.
Or maybe he's just concentrating on other stuff - doesn't mean he's out and everyone's allowed a rest...
During that 15 year period: there was a very good share price upside in 2010. It is clear from a quick Internet scan that the company was decently profitable in 2018. I think the last year the company was profitable was 2021 - relating to tactical decisions it made with its' liquid assets.
We know some of the recent intrinsic difficulties the company had. On top of that there were continuing pandemic restrictions and the UK had three lockdowns, third one lasted a long time. Quantive easing then quantile tightening, acceleration of interest rate increases before current plateau - hasn't been an easy environment in recent times for some small cap companies and their investors.
Placings are par of the course for junior miners until perhaps they find cashflow or sell an asset. Even bigger market caps will place occasionally, I've read about one with a trust fund - from a position of medium strength and possibly a mid tier energy company though can't remember for certain but they did choose to raise money in some way.
It's good to know the past of the company, my examples of good years are probably not exhaustive and I respect some years have not been as good.
The past should never prevent people from the future, the nature of that future can't be guaranteed so we should each of us, choose our own paths as we see fit.
The theoretical.. and the acknowledgement of the tweet re. positive throughput - also "fair enough" re. points of view i.e. positive points of view, to the higher- fair enough as well.... Maybe I wasn't clear enough that I was bearing them in mind as the possible and positive - not meant to underpin as an unfavourable contrast, was typing as I was thinking and probably could could have been clearer.
Just because a lesser figure, base case from average might be described as fair enough if genuine opinion that doesn't mean I was agreeing with it.
Liked the YouTube showing what can be achieved with not a huge amount of workers and a couple of wash plants...
Base case... and working out an average, working from that - fair enough point of view...
Am still bearing in mind News' earlier comment regarding the theoretical and Helpful citing s company tweet - seems fair enough to me within this forum re. points of view and I don't particularly have one because I personally don't have the time to go through every aspect.
But the other comments revealing overall doommongering is where I think a fair assessment by a doomster at that moment suggests to me - no greater reliability in the fairness of informal assessment.
I suggest concentrating on RNS announcements on RRR and future announcements regarding postulation of production because they will be subject to scrutiny (and no that is not a criticism of sometimes using Reach for some general updates).
If there is genuine production, then at some point: perhaps when still small or if there were signs of a bit of scale up - I would expect some independent analysis, if that happens it would be worth a read and consideration - that type of publication is less likely to have confirmatory bias.
Oh, even Del Boy did alright for a while...
If people are of means and wish to, they can take part in exclusive placings - News outlined how that can be done. Just holding a convertible loan note or a significant minority stake in another company doesn't make him an insider when discussing RRR in my opinion nor does chatting to that company's boss. I think he has only made general comments here and some illustrative comments in general contexts down the line of time, the stuff that hasn't happened in the recent short term by contrast suggests to me comments made without privileged information.
The pile on against said person suggests an intolerance for someone known to be a consistent strongly positive poster on this forum.
If there is positive development within the next few months maybe attitudes will relax a little.
Have a good weekend...
... was replying to specinvestor99...
RRR were being specific regarding the next few steps and I would expect such standards.
If someone was posting about 40 plants within six-twelve months they would probably be laughed at. Four plants on a scale up a few months later with an illustration of what may be possible is an investor showing his enthusiasm in my opinion and he was not bound by the same time frame / projection as to what the company was discussing.
Personally, am not strong enough on the maths and knowledge of what's all involved, to know whether potential figures - if they were on the basis of four wash plants and some scaled up works were within a realistic range.
It would be nice to see a little bit of production and the beginnings of cash for product- if that could be achieved and I think you were hopeful for June - if something positive could be achieved within the next few months - perceived sentiment won't be proclaimed by some as so relevant to one person's comments and a few critic's reactions or if it was, it would have even less weight in my opinion.
Have a good weekend...
Targeted criticism aside, thanks for your general comment Banburyboy. We can civilly disagree over specifics and from different perspectives.
Have a good weekend...