Member Info for PaulFG

Interesting interview here with the CEO of Almonty about the Moly & Tungsten sector.

You can see the great advantage for the USA in having a US-based supply of these metals.

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

Stockbox also gave a Sunday night update, very upbeat too.

Looking forward to OFs upcoming technical review on the Golconda trenching this week.

Possibly maybe even more drill results - who knows.

Great timing today having the Trenching results for Golconda, basis my final comment previously.

At the end of the day it's good to see results with decent grades, but I don't think the market will get overly excited about these - Trenching ain't diamond drilling. Certainly, increases the probability of a discovery when they do drill though - when is that?

Still a good feeling going into the weekend is always welcome these days.

Not that I want to extend the chat about POW on here but $9m cash for a junior explorer (which is what POW basically is, despite all the hifalutin chat about it being like a merchant bank/incubator model) can disappear very quickly - their one JV in the uranium space for example. SO if they truly are in that model it'll likely afford them one/two decent investments and it'll be gone by year's end, if not sooner.

That said they undoubtedly needed to raise money, so for POW shareholders I think this was a better decision than a raise on an already depressed SP. I also think it was good for us in GMET, a strategic investor with a fresh long position at these levels. (Demonstrates they see multiple returns from here.)

OF needs to keep progress going here, not waiting around for grants that IMO won't appear until towards the end of 2025 anyway, as he's doing that. Almonty Industries has changed its domicile to the USA and with the activation of new production in South Korea is starting to get mentioned as the premier global Tungsten producer outside China, its mcap is also starting to attract US interest.

We need to ensure that we're being noticed as the premier Tungsten explorer (hopefully near term producer with Tempiute) onshore in USA and Almonty doesn't grab all the attention with a reasonable small group of investors that'll be interested in this space.

Another reason I want to see OF be more proactive with Golconda & Garfield - we haven't heard anything there for quite a while now.

Prior to the DFC all offtake agreements are non-binding anyway, I don't think that'll have a major impact

Another box ticked - hopefully the studies/scenario planning concerning the scaling up of the project and linking that to energy supplies are equally positive.

According do some slide published on X it didn't look as though the Tungsten was getting considered until at least H2 2025.

I wouldn't be buying GMET hoping for news soon the grants - I'd be buying because of the excellent progress OF is making advancing as much as he can on all fronts.

It's the same ole stuff we've heard from CGNR for years - hint-hint wink-wink, mention Fosterville wink-wink, ooh ooh everyone's talking about Antimony there was a bit of that somewhere, mention that too.

Why haven't they drilled at depth? They keep saying that's where all the good stuff is - so after so many years why haven't drilled there?

The only play here is because the SP is so low people are willing to take a punt, but they'll be booking quick profits as soon as they can - probably even quicker if there's a whiff of a raise.

Oh OH don't forget to mumble something about constant talks to potential maybe possible strategic partners - we've been talking non-stop to these partners for years and years and years, but we continue to plan on a wing and a prayer.

Based on the few comments OF has made around USA grants, I feel once the whole Tempiute deal has been completely finalised then there's a more realistic chance of near-term funding to get that into production than anything for Pilot Mountain prior to the conclusion of PFS.

...it seems all of s sudden the whole critical metals world is talking about Tungsten. Even The Oregan Group

Tungsten supply crisis threatens defense and tech industries

https://www.linkedin.com/pulse/tungsten-supply-crisis-threatens-defense-tech-industries-kuegc?utm_source=share&utm_medium=member_android&utm_campaign=share_via

I actually think the investors that continue to hold and nurse long term losses are more bitter than people like me who have booked their losses and are OUT.

LW is a trader and talks his book, that's all, and he's entitled to change his mind, which he has done here several times and that's fine - at least he's reacting to where he sees reality and protecting his book.

DRJJ, I got out June 2024. Thought I might have considered re-entering before now - if they'd managed to fulfil any of the expectations they'd created - but they haven't and I happily remain out.

Don't know why it's showing up - bid-offer exactly the same.

Hopefully, we get December drill results very soon now.

"...the GSMB will provide technical services in connection with the forthcoming resampling and drilling programme."

Anyone that was here years ago when the GSMB were involved in the previous drilling program, as I was, can tell you it took them forever, they are the slowest most inefficient group of individuals - even by Sri Lanka standards! Don't expect the drilling program and results thereon for months, possibly even quarters, after they eventually start the campaign.

Interesting point made by the CEO of Almonty in this interview. China could remove its ban on the importation of Tungsten scrap in March - which would have a profound impact on the West's ability to source it.

https://youtu.be/fUkm8mPRUBw?si=KOONT0IZUqBcMeIx

Yes. Just seeing the latest rush of buying - something leaking...or another false dawn?

Trouble is lots of investors bought into POW for lots of different reasons.

I've seen a lot of comments the last few weeks along the lines...if you wanna buy GMET at a discount buy POW. I never bought into that but some perhaps did - that exposure (albeit still discounted) has been halved.

I've always thought if you want exposure to GMET, then buy GMET.

The great positive for us is that we've landed another major investor creating a new long position at current market levels, they clearly think the SP has a long way to go.

If the transaction is finalised. If the sp is even higher when the transaction is finalised I'd imagine POW shareholders will be mightily pee'd off.

Clearly POW needs the money. Feels like very short-term thinking, but perhaps necessity demands.

I cannot disagree, probably the last time I'll invest in a Colon Bird company.