The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Another interview with OF: https://www.youtube.com/watch?v=fKpc_R43NgA
Interesting to hear what he says about Fusion, given the article below, and the correlated demand for Tungsten. Of course OF is also very clear this demand could be 5-10yrs off, in the meantime test builds might slowly push up global demand.
ALL that said you just never know the Chinese might look at these fusion developments and decide to just go for it - they are pouring billions into green energy, even more reason for them to potentially cut off the supply of their Tungsten sooner rather than later...
Lots of IFs as usual, but...
I mean it's just a class outfit, but I am looking at the mcap and thinking...hmm...but then we've so much cash
GMET mentioned 29:14 in. Nothing new that we don't already know. Archer pushing the grant funding newsflow again, mentioning numbers like $10m, but I have no idea where he's plucking that number from.
https://ukinvestormagazine.co.uk/premier-african-minerals-avacta-tekcapital-and-a-small-cap-round-up-with-charles-archer/
@rob - couldn't agree more and between language in RNS's and all of HAAs interviews he's tried to get that across, which is why I believe that BANK2 announcement that Credit Committee has passed the proposal is the effective domino...then it's down to the logistics of coordinating signatures.
As I see second bank credit committee approval provides domino effect to all other finance counterparties that are lined up, with the possible exception of the Government that seems to be committed already.
Therefore, that RNS providing details on Bank2 is the go ahead (almost) imo. That RNS due, for me, anytime in the next 2 weeks will ignite the SP.
ALL THAT is ignoring the huge potential and progress currently being made in the KSA regardless of TK.
Once PING confirm they're proceeding this is de-risked. That confirmation is due by end of Q1, next month. But it could easily drag on a couple of weeks - though I don't anticipate a long delay (I'm simply going on historical stuff that happened last Q4 2023).
So right now represents a reasonable risk:reward level depending on your viewpoint as to whether PING will commit or not. Once that commitment is made I doubt there'll be another opportunity to get in at these levels (could be wrong of course), it also empowers ORCA to progress other projects which I'm personally very excited about.
Great Settlement this evening up 21% - I guess the signs were all there from the previous trading day after all. Also good to see there was a decent amount of profit taken off the table once we got about 0.9p, which indicates new longs came in in and around the settlement price - all bodes well...
...with financing sorted (fingers etc) and given the stated JORC deposits plus potential (especially from what we're seeing coming out of the KSA) if you close an eye to jurisdictional risk (which has basically been the drag here for years) we start becoming an outfit that should be getting compared to the likes of GGP. So an initial target MCAP of £100m is pretty much on the cards...
A tiny thing, but nice to see Kefi somewhere in the top 10 miners for last week, haha
https://twitter.com/MetalsMiningT/status/1761735726876500309?t=M7K9SfdAv61scDFUIUzGOQ&s=19
Could a development in nuclear fusion actually drive rapid demand for Tungsten?
"The latest success means another significant obstacle has been passed, with the AI capable of recognising plasma instabilities 300 milliseconds before they happen – enough time to make modifications to keep the plasma under control.
The new understanding could lead to grid-scale adoption of nuclear fusion energy, according to the researchers."
https://www.independent.co.uk/tech/nuclear-fusion-ai-clean-energy-b2500756.html
Yay - we settled higher than last night, just about, but I'll take it.
Given it was a Friday - traditionally a risk-off day - and there was a fair amount of selling, absorbed.
In fact, looking at the selling and how easily it was absorbed it tells me the MMs were accumulating stock...in anticipation of what I wonder???
SO for me this was a pretty bullish settle. All we need is a little headline on fundamental news and let's see....closer and closer...
I don't think we'll see any serious US buying prior to a US gov grant approval. That'll signpost to investors that the gov has recognised the strategic importance of PM. And we don't appear to be moving forward to add value on the other assets in the portfolio at the moment - as money floods in from warrants and permits are granted then I can see more interest as OF puts boots on the ground with the drilling rigs - all looks good, but we do need movement forward, which I'm sure is coming.
Nice continuing bullish momentum so far this morning - I was kinda thinking we might see some risk taken off the table ahead of the weekend (may yet still of course) but perhaps we're edging so close now to the possible announcement of the 2nd bank signup that the market just doesn't want to be out.