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Yeah…you’d be bonkers to invest in a company that recycles batteries and expanding to mine the mineral ores. Anyone would’ve thought we’re gonna rely on batteries in the future!
What? Electric car sales jumped 186% in 2020! https://www.cityam.com/exclusive-uk-electric-car-market-in-top-speed-as-sales-jump-186-per-cent-during-pandemic/
Also the number of electric cars sold in Sept 2021 was nearly the same figure as for the whole of 2019! https://www.theguardian.com/business/2021/oct/05/uk-car-sales-electric-vehicles-petrol-crisis-chip-shortage
Anyway, the mining bit is just something on the side and bolted onto the recycling business ain’t it?
What? They have several prospects like:
? the Emperium Project, Idaho (USA) Close proximity to Jervois Mining Ltd’s ICO Mining Project with surveys starting in May 2022 and working with people who themselves have more substantial historical work experience within the Idaho Cobalt Belt at a cost of £100k. The Blackbird Project is an exciting cobalt project that perfectly complements and adds to the Company’s Emperium Project in the state of Idaho, USA. Annual BLM payment of £26k
? Asturmet Ni-Cu-Co Project, N. Spain – This will explore the prospective areas at and proximal to previous historical mining of copper-cobalt-nickel ore (Bronze-age to 1948) at the Aramo Mine south of Llamo village at a cost of £320k
? NW Leinster Lithium Project, Ireland – Drilling underway by earn-in JV partner with initial encouraging results and focused on the exploration for lithium mineralisation. No expenditure by the Company as costs are being incurred by Global Battery Metals Limited as part of their earn-in terms.
? TMC Property, Cameroon – at a very early stage but has the potential to host large tonnage deposits of nickel and cobalt (as per nearby world class Nkamouna Mine) as a cost of £124k. On 25.02.21, 5 licence applications were lodged with the Ministry of Mining, Republic of Cameroon, by Technology Minerals Cameroon Limited covering a total area of 2,456 square kilometres.
? Oacoma Project, South Dakota (USA). Costing £135,086 which has the potential to be a domestic (USA) source of manganese and a nearby steel operation has expressed an initial interest in the manganese product if an economic mine is viable.
Well, the battery recycling business is losing money anyway! As of 31 December 2020, Recyclus had net liabilities of £147,656 and a loss from the period from incorporation to 31 December 2020 of £147,658.
Well how are they gonna pay for all that then?
What! They have raised around £6m to fund those 5 mining assets!
Divi paying out on 1st Dec. This equates to around 7% yield if my fuzzy maths is correct!
Really wanted to buy these shares...buy I don't have any funds!!!!! Arrgghhhh!!
Thanks squeeze on Russia seems to be doing wonders to gas prices and SQZ! Let's get back upto £2.4. Let's get back to generating 'very significant returns for shareholders'.
Well, would you look at that! A bit of mystical manipulation is going on! Up in the morning, then down all day then a little spurt at the end to finished blue at 30p.
So I wasn't far off last week when I said we could get to 30p by Wed! Now upwards to the next level this week. Happy if we just make a 1p gain everyday!
Yes, it is annoying that the SP dropped after positive news. It's good to see ITM buildings on their infrastructure and orders are trickling in. I'm sure all holders would like an announcement like 'ITM wins contract to build 100mw facility', but they are not in that large capacity yet. You just need to see the company's development now and potential growth in the coming years. A new factory that is going to be build has already doubled their current capacity.
Also, as fossil fuels are on the decline and alternative energy is on the rise, particularly hydrogen, this type of energy can only grow more and more on an annual basis. So regarding the ETFs, their unit price will only grow.
Wow! What a roller-coaster of a day. Looked like a classic SP manipulation and tree share. How can it spike to 31p right at the start, then drop 16% before finishing 7% down and close to the 30p barrier? Within nothing that has changed as met coking coal still around $332. Must be retracing since the big jump only from 25p Friday last week.
I'm feeling something is gonna happen this week. Hopefully an RNS about the start of production and how much coal has been taken out! Anyone here can manage to arrange for a photo ops with the guys coming out of the mine carrying some met coal? Lol.
I see Powerhouse jump 35% on the back of their partnership with Linde. I assume this is the same Linde that is partnered with ITM? Has ITM had such SP response from their partnership?
Has a week already past? Did I miss a week? Has Xmas come early? And there I was thinking we might struggle to hit 30p by Wednesday next week! Good 'ol Uncle Ben hasn't let me down yet! This is an early Xmas present.
15% rise today. Must be compensating for yesterdays mini jump to make the average 10% daily gains we've been getting. At this rate, we will really hit 50p by the end of this month. Roll on production RNS this month!
Gonna chuck a couple of met coal on my log burner just to celebrate! Lolsssssss
Now that we are well over the 25p hump, I'm sure we might be able to get to 50p by Xmas. The Prices has already tripled since IPO last month. Good news on the shares lock in with confidence in the SP. So all I have to do is hold these for 11 months before I sell out! Lol.
See you all on the other side of 30p next week!
Price ticking up nicely...but surely it's not just based on the price of gold. Something coming on the horizon?
I'm still awaiting for the fable divi announcement!
I bet that sneaky Non-exec director dealings knew something was gonna happen when he bought 200k for just under 20p last week. Or am I seeing it right when it says he bought 4x 200k so 800k bought on LSE but RNS only says 200k?
All right, shooting past 22p resistance level. Going on up to next level!
I'm sure something is coming through...
Whilst your at it Bellers, can you put a live feed from your back garden and put it on ytube so we can watch it going up?
I'll also pop round to take some snaps whenever I'm doing some shopping around Meadowhall.
And...we have a lunchtime LIFT OFF...hit 21p now!!! Something is happening...
Oversold in recent days and now ticking back up?
Little bit of a retrace, pausing for a breather...boomeranging up. Ready to climb again!
Certainly looks like it after hours. I hope it's not a mirage and that those massive late buys will get us back up towards £2.4!
Now that all the bad news have been split, it is time to get beck to the daily 10% daily rises like last month?
Here's hoping with coal prices hopefully bottomed and slowly rising again!
Stockhead article about BHP and Vale but gives some info on demand for coal and the way met coal prices are going:
Conditions are still likely to be good though due to expectations a cold northern winter will drive demand higher in other Asian markets.
Commbank updated its forecasts for met coal and thermal coal yesterday, predicting coking coal will average US$360/t in the December quarter before sliding to US$280/t in March, US$200/t in June and US$150/t in September with a long run target of US$165/t.
https://stockhead.com.au/resources/bulk-buys-bhp-and-vale-find-divesting-coal-mines-is-harder-than-it-looks-in-2021/