Member Info for Pacman72

I’m sure somebody understood that.

If anything the DFC could well be sniffing aroud the Gallium. The USA doesnt produce any Gallium and with only 700 tons produced annualy with 95% from China. They could well help with funding to bring the fluorspar and Galium mine online.

quick back of a *** packet calculation.

reckon if the shorter hasnt exited and was to exit now it would have cost them about £18k.

what a shame. and what a bad decision.

Think he might be re-evaluating his research not in week or so.

This should just be a rerate to where we should be before any news. We were massively overlooked and massively undervalued. The stock box piece on Sunday was spot on.

I asked chatgpt if demand for gallium was expected to grow. The answer was

Market Outlook and Risks

Market Size Projection: The gallium market is anticipated to grow from hundreds of millions in 2024 to potentially billions by 2034.

Regional Dominance: The Asia-Pacific region is both the largest consumer and producer (led by China), but Western nations are increasing investment in production.

Supply Chain Concerns: Over 95% of production is concentrated in China, leading to supply concerns and investment in alternative sources.

Long-term Scarcity: While demand is high, the market faces potential bottlenecks after 2028, increasing the need for improved recycling and extraction.

The Gallium we have found could well be in USA sights here. USTDA interested in the rare earths at Monte Muambe but the Gallium Discovery could attract interest from other US agencies.

The annual output of Gallium mining is somewhere just over 700tons. Put that into perspective with gold for example where output is approx 3500tons. China accounts for 95% of that output. America will want its own Gallium supply with demand expected to grow substantially.

As Cédric said there are no JORC defined Gallium deposits in the world. We will be the first.

Exciting Times

Think this is another non genuine graphic. Peak Rare Earths are not active in Monte Muambe for starters.

Probably best just to wait for official news.

Pretty sure it’s a wind up but you could just imagine him saying it.

And that’s a total guess.

Next tranche of assay results back end of next week for me.

They’ll have closed now. Probably saw a small window after first assay release and knew there would be a little spike and pull back.

With 1.6 mill shares I figured they might have made a couple grand. Every little helps.

Really excited by everything that is going on here at the moment. Seems the right time for Altona with the perfect storm going on right now for critical minerals and metals.

However, there’s one string to our bow that I am really really excited about and It’s gone under the radar a bit and that’s the Sesana copper prospect in the Kalahari copper belt. Talked about a lot in the investor presentation last year and the time line was to start drilling at the beginning of 2026. We have some big neighbours such as BHP and the Chinese firm MMG scooping up and paying silly money for everything copper in the area and if we get a discovery the mind boggles. Just something else to look forward to this year.

Warrants are a great method for raising funds and are usually exercised in a rising tide. Placings on the other hand.

Should be no need for a cash raise now for the foreseeable. More cash incoming from warrants. Constant flows of what should be good news will ensure the warrants aren’t a drag.

Exercise of warrants RNS. Another £200k in the coffers.

Well let’s hope they were so impressed with the pitch that they break the bank.

Don’t forget this is just to help with the cost of the pre feasibility study. If successful there are many other US agencies with much deeper pockets who are throwing money around like confetti at critical mineral projects. If this project stacks up then we would already be on the radar and could well see much bigger investments from these US govt agencies.

Old wise. It won’t be anything near that. The USTDA. The average grant is $400k and generally range from a few thousand upto 1 or 2 million. They support 100-200 projects a year with a budget of $80 million. Best not to over egg the size of this grant or everyone will be disappointed when it isn’t $10 mill

This should let loose if those warrants @2p get gone and we get £800k in the coffers all while sp has been strong.

As the title of the article says ‘Follow the money’

https://investornews.com/market-opinion/follow-the-money-u-s-government-funding-for-critical-minerals-companies-2023-2026/