Member Info for Nthoftheriver

Agree with your points Confounded. That's why I added more shares after attending the presentation in September. The management are sound and taking a pragmatic approach to running the business. Not to mention Angus announcing buying more on the open market that day. Approx 8 weeks to go till the next quarter update, so hopefully get some guidance on their outlook if we still have no news on SPT. (Really appreciate Bruce/Jeremy taking to doing quarterly results, shows great maturity in running the business to me).

crl, Fair points, just venting some frustration on political progress, even though I know I shouldn't be surprised. Suppose with the price of WTI even poor margin companies now make money, so those with prospects to drill mean potential investors can look else where to invest and hope for larger gains. Trinity are lumbered by the SPT and so drilling costs and the potential increase in barrels needs to be worth while. That probably has an impact on investors coming our way.

that the T&T Govt. haven't resolved the the SPT. I mean it's obviously incredibly complex and taken over a year to look at, so best drag it on for a while longer. My view fwiw, 1. Issue an RNS to confirm the need to comprehensively review the drilling programme with resulting financial outlay and put it back to at least Q3/4. 2. Continue paying down debt and sort out those Loan Notes. 3. Heck , if Imbert and the boys still procrastinate, start paying a dividend in 2019. After all we are a business and making money. No need to get silly on the drilling if the incentive isn't there. Christmas rant over. Hope everyone is having a good Christmas and a prosperous NY to all.

Was my thinking when it came time to develop MINE 2. Did think Vale might have a shout at that point, but as we already have Teck and Glencore as shareholders I'm sure they would be in the mix. Would probably be a sensible move and avoid being diluted to death over raising funds. Assuming no one snaps us up prior to that. (Back to dreaming)

No problem Chessmen. (Apologies if the response was a bit curt, not intended)

I wrote this in response to itsaduster's similar question. I don't think Vale are worried about Nickel prices in the future, more a case restructuring the business for the current market. They have more than one Nickel mine. If you read their investor day in New York on the 6th of December they set out their stall quite clearly. They are focusing commercial mining with today's prices across their projects. http://www.vale.com/EN/investors/information-market/presentations-webcast/PresentationsWebcastsDocs/Transcript%20Vale%20Day%202017.pdf In addition it should be said the JM has been working on this deal for over a year. Personally if things pan out for us, Vale may well come back and bid for us in the future. I think they are just consolidating their business and outlay. They are still looking for a partner for their New Caladonia Nickel mine.

I don't think Vale are worried about Nickel prices in the future, more a case restructuring the business for the current market. They have more than one Nickel mine. If you read their investor day in New York on the 6th of December they set out their stall quite clearly. They are focusing commercial mining with today's prices across their projects. http://www.vale.com/EN/investors/information-market/presentations-webcast/PresentationsWebcastsDocs/Transcript%20Vale%20Day%202017.pdf

Thanks Maverick

As each stage is progressed and the Nickel price/demand increases so will the businesses value. My own view is we'll end up getting Big Boy partners or be bought out before the serious money outlays begin. Sure we will see some price action next year as news spreads.

Should say also that having read the RNS again and seen the presentations/interviews really pleased about the acquisition. We now are able to supply both Stainless Steel market and EV market properly. Previously we hoping the limonite deposits would be for EV, now we have a whole mine that can deal with this end of the market. Awesome

Thanks for the links x54v and Maverick. Really pleased to see the classification of Nickel prominently displayed in the presentation slides. The Vale mine is Class 1 so quality is suitable for EV. Also nice to hear JM spell out a bit more on what the monies raised will be used for in the proactiveinvestors link. Looking good for 2018

Must admit, I have the same questions, not to mention why if the BFS is due in Q1 are we needing to raise the money now. I was assuming the BFS would have raised the SP so meaning less dilution. I suppose the placing being unsecured means they needed to have the cash from an institution to secure the deal taking place. Is their a question mark on the BFS?

Interesting acquisition of Vale mine. Not sure what the impact will be on the placing @ 3.5p, but this should be a good deal in the long run for us.

Think our little amount may be worth something! https://www.reuters.com/article/us-australia-cobalt-batteries/australia-cobalt-rush-accelerates-on-electric-vehicle-demand-drc-troubles-idUSKBN1E90R4

Totally agree, just annoyed with speculation of fund raising without any real basis. Appreciate they may need funds for what ever the agreed next stage/phase of works is, but this surely would follow the BFS as the institutions would then have an understanding of what the funds are needed for.

Just out of interest, how much do you reckon you would need to raise? ".....But ARS still needs financing to develop this, and one opinion is that they could announce a share issue around 8p. If this happens, then there is proof for a deliberate pump and dump this summer....." Surely they don't as yet know fully what they have to develope not to mention that would be a massive dilution based on a SP of 8p. If they were going to pump and dump I would have hoped they would wait till the price was way up, just to raise a suitable chunk of money. FWIW. My average is 9.8p so under water but I'm not here for a sort term sp of a few pence above my average, so sitting tight. Will buy more if funds allow.

Same here, bought further 100K shares to bring me back below 4p average. Will see how things go with our friends LO. Can't believe they want to sell and keep the price dropping. 20% drop in price and they have a fair chunk left, daft.

I've only been in this over the last few week, pretty much building a stake on the recent pull backs. My average price is 10p so about where the SP is at present. My view fwiw, is this story is still developing out and have decided to join based on the future potential.

crl, Well politics aside, next quarter results will reaffirm we are a profitable business earning real money. Hopefully as Trinity have said, that should change for sure how the business is viewed. Just have wait it out. Unless some other positive news comes our way

Thanks Freeheel for the feedback from the management at the event.