Member Info for ontarget

There's your RNS goolang - increase in holding from one of our major holders.

https://www.proactiveinvestors.co.uk/companies/news/973405/empire-metals-gets-set-to-drill-enlarged-eclipse-gindalbie-project-drops-central-menzies-973405.html

Yes, Tesla themselves are developing novel extraction processes for clays - coming to Basin and Wikiup in due course no doubt.

But at least with the pegmatites more of the market should understand those.

Pegmatite grades are normally measured in % Li2O and typical grades are around 1%.
Clay is measured in ppm Li and typical grades are 1000-2000ppm. If you work out the equivalent LCE of each yes the grades are lower in clay as a % but because of the cost differences and other characteristics such as the homogenous nature of clays mentioned in a recent interview, it should still be economical even though the grade appears a lot lower.
As our CEO often mentions, clays are fairly new to the lithium market and a lot of people don't yet understand these factors - I've seen comments on other threads mentioning 'terrible grades' here and such like, comparing the clay grades directly to pegmatite grades. They need to do some more research.

This from November is still one of the best videos to watch on Bradda:
https://www.youtube.com/watch?v=IGjE03KuOac
Since then we've had developments on the geophysics at Spencer (now called Eureka) identifying a large underground saline deposit and a shallow clay deposit.

San Domingo initial drill program to test the extent of the deposit is in Q2 with results in Q3, according to the latest comms.
Basin East clay/sedimentary resource upgrade due in Q1, Wikieup maiden resource due Q2.
Various other things going on continuously across the many prospects.

Looks like Kingalf's boyfriend has turned up.

Wonder if a raise in Q3 will coincide with a TSX listing i.e. new stock issued on the TSX. Could be interesting.

Does Kight not have the same CGT allowance as everyone else then?
Evidence please, if you have any.
The EIS doesn't apply to buying on the open market.

Yes it's odd there's apparently been not one single trade yet. Are we features in lists of lithium stocks in the US when investors are deciding what to invest in. It might just be that nobody has yet heard of BHL(if) - will change when some PR is targetted at US investors.

No it's not AGM.

I hear they are considering doing a webinar where investors can ask questions of Huw/the directors in the next few months.
If/when this happens I assume you will be there Kingalf?

The timescales were laid out back in October.

IND submission for CAR-T in the Summer, then HEMO has to wait 30 days before commencing the trial, so clinical trials probably also starting in the Summer.

Cheers Troajan, lots going on this year and plenty of newsflow over the coming months. Might actually see the SP start to rise at some point!

This is something Finncap tends to do generally in their broker notes in my experience from other stocks with Finncap as a broker. Not sure whether it's a way of being conservative or just laziness / company don't pay them enough.

Labour and equipment costs are rising significantly (according to Eric in yesterday's webinar), due in part to increased competition for labour within the country - a side effect of it becoming more investment friendly. On top of this they have to keep increasing plant capacity at NLGM to counteract the ever-decreasing grade (again in the webinar). Then you have ongoing exploration at WK and elsewhere, and a new mine to bring online at Singida.

It's going to be an expensive year, and highly dependent on what the gold price does to determine whether a placing will be needed.

https://www.kitco.com/news/2022-01-24/Lithium-the-white-gold-is-just-getting-started-after-300-rally-in-2021-Bank-of-America.html

No it's free - you register on InvestorMeetCompany website and get a link.