Member Info for PaulFG

Every time the price drops there's usually an RNS dropped pretty quickly. lol

If you think about it, they have offtake agreements now for all the production (expanded) for Phase 1 (de-risked), they're drilling to significantly expand the resource (Mike has already hinted unofficial results look good), interested parties indicating their appetite to be involved in funding and the geopolitical events are providing a great tailwind. DFS hitting soonish.

You gotta say it looks pretty good - as long as we don't encounter any issues in-country.

Https://www.youtube.com/watch?v=Q6t7S9CM4Zw

I think IF we ever got to production we'd be looking at a decent 10-bagger. BUT let's be honest Rio is not going to be happy holding 20% of a world-class resource producing asset. So unless there's something tragic in the DFS this will be taken out.

I think the takeout premium will probably not be as great as people are hoping - merely because that's the way the market is and you just gotta look at recent premia paid (not huge, not bags). That's not to say that as a result of all the Geopolitical events governments haven't woken up to the dire state the West is in wrt critical metal production & processing. Trump knows this, finally the Europeans know this and both are starting to do something about it - it depends how aggressive this gets.

If we could bag before the DFS - not beyond the bounds and in a new world appreciation of natural resources we could see another bag on the Rio bid - so my thinking is 90p could be the takeout price - depending on when Rio trigger.

My fear was given this sell-off (mad) Rio could take advantage - an early indicator would have been them topping back up to the allowable % stake before they have to make a bid - not happened yet.

@Tigrr you could be right last time I looked about a year ago and obviously that data would have been at least a year old too

Undoubtedly a China export ban would be very bullish - technically they haven't done this , but the effect of what they have done is the same.

Important to remember:

> the USA only imports 50% of its Tungsten needs from China

> The USA have sold down their strategic stockpile of Tungsten and given the current state of world it needs to rebuild this ASAP as well as continue to buy W to satisfy its ongoing needs

> we are not currently a producer - obviously we feel we're close with Tempiute but I await OFs final analysis as to when and how much it'll cost to get us there.

Let's see what transforms in the next 2 quarters.

In fairness to HAA, so many things were out of his hands - what I found very frustrating from him was this 'next-month, next-month' constant moving deadline. This is what has shaken belief, imo, and why quite frankly the market does not react to any of the RNS's now - even though actually the fundamentals are quite bullish - its patience has simply been exhausted by constant let-downs - on timing.

We were in the hands of bankers and government bureaucrats - from the USA to Ethiopia both these constituents move at a snail's pace.

We do feel very close now, with final bow ticks coming up...let's see...

I'm not confident enough to have 30m shareholding like Crazy, but I admit to constantly doing small topups with leftover funds as I get other trades away at better levels. I actually did consider topping up big on Monday - but at the last moment I decided to go with SVML & AMRQ instead.

Stockbox interview:

https://www.youtube.com/watch?v=ERzz3VvbtJs

"Wudinna has a 279,000 Oz defined JORC Gold Mineral Resource Estimate with potential additional gold resource growth through infill and further extensional drilling. There are a further 22 orogenic gold targets identified with significant grades of between 16 g/t and 37.4 g/t gold outside of the current resource. Notably, Wudinna's gold resource is shallow with all ounces occurring within 200m of surface, presenting as suitable for low cost, camp scale open pit extraction."

I know that's why most of us arrived here, but I've been so swept up with the REE story I'd forgotten.

Take a 6 month view this has to be a screaming buy.

Just can't resist these price levels, given the fundamentals of the project. Had to buy another chunk.

@Crazy - good reminder, thanks. Easy to go to the dark side sometimes, good to be reminded.

The only 'partial' light I can see is that if they've told the contractors to prepare to proceed at the end of Q2 there are likely to be financial impacts/penalties if Kefi doesn't actually start the works by then for which the contractors have prepared.

Why do I keep topping up here????

Everything else I bought yesterday is up.

Sigh...

Yah, just by sheer luck, the timing of the new tax year and Trump (God bless him) I managed to load up another 600k yesterday, mostly below 3p.

I think with more of these type of announcements we'll see continued upward momentum - of course you just never know - but project is rapidly being de-risked.

For ONCE I timed the top-up yesterday perfectly, however time will tell ... depends which way we start to drift from here - sounds like more announcements incoming though. Could have nice cumulative effect on momentum

For ONCE I timed the top-up yesterday perfectly, however time will tell ... depends which way we start to drift from here - sounds like more announcements incoming though. Could have nice cumulative effect on momentum

US have listed a lot of critical metals including Tungsten & Antimony that are exempt from tariffs.

Lol

I'm forever looking at POW but can never bring myself to buy.

I have to agree with Rupert's comments in the RNS today, and having thought about Chinese export restrictions I started topping up today - and it looks like I wasn't alone.