Member Info for P119

Affrm sorry the problem of commenting on one aspect, should have added these comments only refer to their Mali lithium mine albeit IMO further fund raising is not appropriate for now in respect of this project. More to the Co than this though so Dyor.

Affrm you've probably found by now but fully funded in a JV with Chinese Co. Hainan. Estimated production commence 4th quarter this year. Some say as good as it gets for an AIM listed Co. Time will tell. Good luck with your research.

I am not an engineer builder or miner but the ground works pictures today seemed OK to me. I am sure many have watched the mining TV programmes on TV especially those in Alaska. For open cast mines they have a conveyor, very powerful bulldozers or diggers and trucks. Most are after gold so a different recovery process, nonetheless any structure is generally able to be moved from time to time hence little fixed ground structures required. Most permanent structures are staff quarters. Whatever we have been shown they know better than us 'experts'. Anyone spooked by the pictures should IMO invest somewhere a little less risky. Good luck to all. Our time is nigh. It will be a happy New Year if not before.

Some of the bigger sells showing are buys.

Sadly today is bringing them out in droves. Button it!

Don't tell everyone! The rampers are still don't understand

Should have used dollar values in places but same result

We've had Gap filling today, stay in because the shorters need to buy back, there is likely to be a cheap takeover.

Notice not many saying stay in because it's a great Company.

How much of the chat is wishful thinking and how much well reasoned. At 12.25 today Badvoc posted an interesting assessment. Worth a read. Sobering.

Let's dwell a moment on a cheap takeover. Is there really such a thing here. Consider, along comes a white Knight offering 50p a share. Some hopeful. IMO will not happen. A few figures plucked out of the air to explain why not. Note : only very basic figs used to illustrate the point. Debt not far short of £600m on 31/12/ 23. Add 50p a share, that's another £250m plus. Oh and don't forget those peskie bonds. Another £250m plus.. That's over £1bn of total cost. For what. In my view not a bargain.

Finally thank you to those that rattled me a few weeks ago. Good luck to all. See you on another board or two maybe.

Mary a helpful link. Thank you. I had not understood clearly before the reverse situation of equity/ debt swop.

Good luck all whatever scenario you are hoping for. As always will be winners and losers

I think today this board has generally been as honest as we are going to get on good reasoned opinion. To all that have contributed I am sure those of us that have been watching on the sidelines will have found your views helpful. Thanks.

One comment though. Is Tuesday's announcement definitely the final 2023 results PLUS the balance sheet strengthening and way forward? Perhaps someone can clarify. If not I hate to think the mkt reaction.

Oops, the systems at it again. Immortal read immoral !

IG An interesting view. I am not as knowledgeable clearly as you and Paul Curtis but I cannot see Pfc shafting the bond holders in the way you suggest. One thing you have forgotten, if in business you shaft the hand that feeds you one day it will be cut off. If the bondholders are given nothing how can pfc go to the bond mkt in future to raise finance as surely they will need to. I am rather old fashioned re ethics and believe if possible some integrity ought where possible be maintained. Although at times circumstances prevent loyalty in business, when conducting your business dealings being too clever for a short term benefit as you suggest is in my view immortal. I am a Lth but hope you are wrong

Sadly am inclined to agree with you. Whether it's D4E or an outside new investor it all produces a share dilution.

IMO the shorters are merely taking profits so if there is a pleasant surprise for us they have hedged their bets a little.

Seems to me an ideal time to trim even if you make a loss. You never know what's around the corner with this share

Surely if there was an issue they would have sold more. My personnel view is just a fund manager adjusting a holding. The fear is irrational imo. We shall see.

YorkshireBlues re shorts closing. If I had lent out shares I might want them back to get out myself. Just a thought.

I have been a holder of this share for sometime until a week ago. Finally gave up.

One thing I am ignorant about and would like to understand before I reinvest. There seems a lot of unrest re charges by advisors based on NAV.? It is normal for say an investment bond/ut to have a fund charge and of course reflected in the buy/sell price. Here of course we have a different structure. I have been trying without success to find out the level of fund charge. This to have upset so many I can only think is abnormally high. Please can anyone help. Thanks

Paul Curtis at last a sensible reason for Friday's RNS. Thanks. I thought the Co as I posted yesterday did it as a feeling of responsibility to quell a mkt getting a bit carried away. I know nothing much about the legal aspect only that at some point a Co must act. Personally think the numerous conspiracy theories are a nonsense especially those openly suggesting illegal or close to it, activity. On this board acknowledging your contribution is not fashionable but thanks again. All considered views whether or not we agree or like should be aired. It helps one obtain a more balanced view

Rock8 I tend to agree with you. I have ploughed through the 280 plus posts of the past 24hrs and am amazed how few suggest the shorters might buy back now. First we have volume. Enough worry to keep the price within range even with big buys. The perfect storm. If I were a shorter would be concerned a cheap buy out is on the cards. They have been holding for a RI and or D4E, with a share price maybe sub 20p.

Another point. I've tended to be cautious in my few posts about pump and dump and still hold that view but with all things now and again there is another way of looking at things. It has been touched upon a couple of times. I am not saying what I am now going to say I believe, but maybe, just maybe there is a thread of truth about it. I always think accusations on this board are foolhardy. To make on pure speculation is asking for trouble. The 8 -10p rise over a week or so was on no news, at least as far as we can judge. So what caused it? The rampers were talking the share price up to 42p and some were even talking about 52p. Mystic Meg would have been proud of them. How a chart which is a historic view of a trend can predict a price has always seemed daft to me. Something called an 'event' is more likely to point the way. Sorry, got side tracked. From Friday's RNS it seems the price rise was not justified. Did the BOD decide enough was enough and were forced to put a stop to it. Simply to protect YOU from future losses. The euphoria was getting out of control and not justified. Yes those of you making allsorts of accusations, conspiracy theories etc. You might be correct. But think about it. If they issued nothing and 52p was reached as some predicted then a bomb shell was issued you would be the first to shout from the roof tops how disgraceful the BOD were to prevent a bloodbath. Maybe we should be thanking them, not vilifying them. Engage brain and don't be so quick to accuse. There are nearly always very different scenarios we sometimes never consider. Is this one?

Sadly agree. I don't believe a leak. Like you want to see an RNS or confirmation of something. Everytime I read for any share rise 'but this is different', get worried. I've been suckered into this too often. Fingers crossed this is for real.

A healthy amount. Let's hope the price holds up in the next 50 minutes. It would be great to be accused of being over cautious earlier