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Mike1959, thanks for your reply that's very helpful. So the by-products will provide a meaningful boost to cashflow and a bit of diversification which is always helpful. On the assumption that the extraction is already costed into the planned construction budget ($390m) and the concentrate production costs are not too significant.

This may be a silly question but does anyone (ilja?) know how to work out what sort of quantity of base metals Karo will be producing per year? From the latest presentation
ANNUAL PGM PRODUCTION (6E)
194 koz
(Previous: 150 koz)
+ 0.10% Cu
+ 0.12% N
Do you apply the above percentages to the ore throughput or is it a percentage of the refined PGM output?

In general terms I think it's a positive move. However now funding is in place I feel Afritin need to supply an updated timeline for by product pilot plants, ore sorting installation, updated mineral resources etc etc. I appreciate there are a lot of moving parts but we need to have a few targets to measure progress by. Otherwise it's too easy to let things slip, this fundraise needs to produce results.

Well it could have been worse I suppose, fundraise part at 5p a share isn't too bad. They do need to make this count though as I'm a little underwhelmed with how much they managed to get done with the previous fundraise.

Im looking forward to the next quarter operations update which should come through in the next week or so. Hopefully get a bit more news on the lithium pilot plant and how the plant expansion commissioning is going.

Surely the costs associated with the current delay should be borne by the rig supplier?
I agree Serica do seem to be massively unlucky with drilling, lets hope they manage to bring some positive news with the interims announcement, a further cash build is always nice but we need to know how its going to be used.

Theres a new presentation on the website https://www.tharisa.com/presentations.php if interested (mainly focused on platinum.

Great news, and the commissioning is going to be fairly swift, I like the "is not expected to have a material impact on the production performance of the Company". Looking forward to the presentation on Thursday where we will hopefully get some more flavour on the lithium progress

A good solid update. I'm a bit surprised they have only completed two well interventions, as we were original told " Interventions will be carried out on up to five BKR wells which are subsea completions, tied back to the Bruce platform", especially as the resulting production uplifts are so good. Maybe each intervention needed more time, in any event there is the potential for another significant production boost with future intervention campaigns.

For those that are interested https://www.tharisa.com/pdf/investors/presentation/2022/unlock-the-stock-final.pdf

I don't suppose there is going to be a webcast of the AGM is there? I haven't been able to locate any links but might have missed one.
As "The Company will be holding its Annual General Meeting on 30 June and looks forward to presenting our forward plans in more detail and hearing shareholder views." It would be good to be able to listen in to the proposed forward plans.

Another great interview
https://www.miningweekly.com/article/namibia-has-potential-to-become-new-age-battery-metals-pilbara-afritin-2022-06-14/rep_id:3650

Anthony is improving his delivery in these interviews which is good to see. The story with Afritin is world class the only thing in the negative column is the speed of progress, however a modular and steady approach certainly limits any downside. I'm definitely in for the long term here, if and when the Phase two plant gets the go ahead it will be massive.

https://www.edisongroup.com/publication/initiatives-to-underpin-consistent-performance/30952/

We've also now absorbed all the costs of the Vulcan plant but have yet to reap any of the benefits. H2 should really see the chrome side of the business powering ahead into the strong (hopefully) chrome prices.

Something is definitely keeping the share range bound, its such a well run company with so many different growth prospects. The South Africa discount is completely built in to the price and yet it drops 5% on no news!

As always depending on what metric you concentrate on the results can be glowing or dire! I personally think the main thing to consider is the growth element, when the vulcan plant is firing on all cylinders (hopefully about now?) this should help reduce our chrome cost per tonne, the karo project has the potential to really boost the company revenue. If on the way to this growth we can collect dividends this can only enhance the share price over time.

My mistake I had it down as tomorrow, oh well one more day wont hurt I suppose! If the share keeps heading upwards until then I will very pleased.

I'm looking forward to tomorrows 2nd quarter/interims RNS, hopefully it confirms everything is still moving in the right direction and a there's a bit of an increase in the interim dividend too.

Its good to see another piece of the puzzle slotted into place, the company is in a great place with a clear route to growth and a plenty of positive news flow for the rest of the year.