Member Info for PaulFG

@DRJJ - " I expect little rise towards end of the week as new investors look to get in before EIA announced."

Are you like a frigging prophet or something? lol

Lol
This company is starting to turn into one big 'maybe tomorrow' prospect, lol

There is a possibility the EIA may be announced tomorrow...

There is also a possibility it may not.

Yeah, I'm bored waiting, like all of us.

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This weekend, Damsila Exports helped the local farmers by purchasing and supplying the seeds for this season’s cultivation. Farmers play a vital role in our community and society and Damsila will always support such activities.
This project was carried out with the support of the OIC & AI officers of the Thambiluvil Agricultural Extension Centre.

#CSR #DamsilaExports #ImportanceofFarmers

https://m.facebook.com/story.php?story_fbid=267729365362874&id=111212767681202

Don't forget the drilling chaps. We should be 2/3 the way through now. Will be good to hear if they're sending the lot off to Brisbane to be tested & in one go or week by week and then how long before they expect to hear the results.

All the whoha about this other CB. So he's been buying...the share price has continued to decline whilst he's been buying. If he's now finished and that support is withdrawn from the market what does that now tell you about the immediate possible future of the share price?

In reality less than 25%. There'll be a major chunk of that 25% that'll be long term investment.

@Blakie - the geology may be identical but just bear in mind that oil does move. so until you drill you just don't know.

Disappointing week news-wise I'll grant you that.

Still two weeks remaining in October. Let's see...

HI LW,
apologies to others for o/t
They have four projects in Greenland but the TBS (Ilmenite) is the furthest along, next is a Graphite one. As I say TBS is closest to bringing value but the CEO reckons 12-18months away. Given they have only just defined the JORC resource and now looking to expand it they still have all the EIA etc etc stuff to go through. I reckon they are probably more than 18months away. Should also point out GROC 53% owned by ALBA, the projects were originally Alba's and a lot of PIs very disgruntled with management.

CMET:
If the CEA meet weekly (no idea just guesswork) then perhaps we might see another slew of announcements next week? (He said ever-hopeful)

Meanwhile
- TMS have added more companies to their October podcast sessions, but they're getting through them each day (interesting one on CHG this morning) and I'd say MF has probably requested to do his towards the end of the month with a better probability of having the EIA announcement by then.
- the 1-2-1 Mining Investment conference is currently happening so we might see a little interest after that - although I think there are something like 100 companies doing 1-2-1 presentations, so we'll see.

OCTOBER 14th just 11 more trading days remaining. I'm still hoping October will be a pivotal month for us.

Just listened to the Stockbox interview, this morning, it'll be interesting to see how much of the drilling they can accomplish before rainy season (November), otherwise delayed until February.

@ocelot yes I found the TBS vs BlueJay value comparison extraordinary.

Another comparison here, I find them very useful when we compare ourselves directly with other 'start-up' mineral sands enterprises, this time with GROC (just listed). from their opening RNS:
"An extensive surface drilling campaign at Thule Black Sands in 2018 led to the declaration of a maiden Mineral Resource of 19Mt@ 43.6% Total Heavy Minerals, with an in-situ ilmenite grade of 8.9%. This is considered by the Company to provide a solid foundation for the advancement of the TBS Project, not least as a further drilling programme has been executed at Thule Black Sands this summer with the aim of materially increasing that Mineral Resource estimate."
It's just one of 4 projects they have. The CEO gave an interview this morning: https://www.youtube.com/watch?v=0Y7NuL36iis
What I find interesting here, comparable to us:
1. They shipped off their drill samples to Brisbane from their summer drilling program, but because they're so far away they expect the whole process to take about 4 months;
2. They're not as advanced as us, not applied for EIA etc
3, The CEO compares them to BlueJay Mining (mcap about £110m) saying their mineral sands project isn't that far in advance of GROC's (mcap £9m) and basically he sees the ilmenite project alone to give GROC a comparable MCAP to BlueJay.
I'm not saying I agree with everything he says but it's interesting to note where they see themselves.

I get it but I think TBS will release value in the comoany first. Shame the tests take so long but minerals sands in big demand and the grade looks good.

@LW exactly the point I made last week about the type of drilling they're undertaking.

The other thing to bear in mind here, I was listening to a podcast this morning that made the point that the junior explorers could see further declines as, and he think he was mainly discussing American taxpayers (could be aussie too), investors look to book taxable losses. This is one of the few areas they will have taxable losses so you could see even more declines as we approach the end of the year.

At the very least, Airborne, we are further up the queue than we were last week, or last month for that matter. OR even when the infamous 'within-a-month' statement was made.

Looking at Twitter ( https://twitter.com/yodahanforce/status/1447891720717447168 ) it seems the Sri Lankan CEA is now on a roll, approving various EIA for projects

Hopefully not long now.

Podcasts lined up so far for the month of #October as follows :

#CHF @ChesterfieldPlc
#CMET @MetalsCapital
#HMI @harvestminerals
#LND @landore_plc
#PALM @PantherMetals

TMS has now published three of the above with just CMET & LND remaining. SL didn't pull her punches in any and I particularly enjoyed PALM.
Not long now before we hear from MF

It certainly feels bouncy, Craig.
It's all about risk profile I guess you take on more risk now by entering before we see the dotted line, but then you potentially gain greater rewards too.
Trade-offs, trade-offs...