Member Info for perroverde

Well the current Mcap is +/-£6million (with no debt).
It depends how the development of Bolivia is funded (but I'd suspect pretty easy to at least substantially third-party fund), but looking at various other lithium plays, admittedly all at various stages of development cycle, but none of which has this technology to offer, and you can see an easy £60m in my view. It is also my view that it might take a little time to get there mind you!

I wouldn't get hung up on registered office location, it's just a 'brass plate' location. The move was probably the accountant or lawyer moving offices. The actual offices are on Clontarf Road in Dublin, a fairly 'tired/shabby' 60s/70s building shared with a few other companies (mostly 162 group co's eg Arkle, Petrel etc).
If you want to see a really posh registered office, take a look at Vast Resources' (but again just someone else's place, in that instance the CFO's house)!

All of that! Plus it seems likely to me that his presence in the Kalahari was not insignificant -a solution for Ghaghoo, perhaps?

Looks to me like GSE was originally formed by 162 Group (specifically John Teeling and Jim Finn) several years ago, and transferred (‘at least’ 75% according to Companies House declaration so possibly 100%) to CLON on 1st March 2022. According to the GSE website, on 11th April 2022 an agreement was signed with the Guarani indiginous community for 50,000 hectares of land in return for 80% of the issued capital. It states plans to list on AIM. The website also states 162 Group as owners and doesn’t mention CLON, so that’s a bit hazy - though may be just that the website isn’t updated.

I take four key points from this:
- BOD is now a producing, cashflow generative mining company.
— 500 tonnes per day at Mars is 25% better than some of us expected
- Ghaghoo is still in play
- Johnno’s final sentence re LTH loyalty being rewarded shortly. Read it agaiin, he loves riddles!

PS the interview is on G11s Twitter feed.

Sounds like we are in a similar position and of like mind Battery. It’s worth keeping an eye on G11s share price (up 25% this week) not least as it’s bound to be ‘leakier’ than ARK. They have a pretty active social media presence too, I won’t post a link but there’s a pretty interesting interview yesterday highlighting its prospects (especially Stonepark) and how undervalued it is. As for ARK, with a £2m mcap I can think of higher-priced cash shells!

Personally I too like the twitter photos and updates. They don't really give much if any sensitive information away and gives a photographic 'diary' of what's happening which I like very much, it brings it all to life and helps build investor confidence. Very little if any of if would be worthy of an expensive RNS - and in any case you can't RNS a photograph! I am sure that James is very aware of the rules, so am sure diamonds will be RNS'd not Tweeted. Personally I'm hoping for RNSs on Ghaghoo and TR as much as one about diamonds from Marsf.

Exho I think it’s a bit of both - Marsfontein1 was mined a long time ago, mined in a hurry (it was so rich) and in a fairly unsophisticated manner by today’s standards, and abandoned in a hurry (much to do with a fall-out between the owners). It had, after all yielded them considerable bounty ($270m IIRC). Going back to the gravels using modern tech makes a lot of sense and although unlikely to yield another $270m it is likely to provide useful cashflow for BOD which will facilitate development of TR and the other targets referred to. JC has been saying for a while now that there’s a lot more to that postcode than TR so yes, you’re right.
Them there’s KX36 and…. Ghaghoo!

I think the prospects for a funding/jv partner should be good. It’s a great project and fits in with everything else BOD has in Botswana.
Mars andbm TR meanwhile are ‘happening’ and keep the lights on (plus a bit!).

Echo - agree re timescale for Mars to bring useful cashflow (and hopefully a few big bonus stones) then on to TR. But for me the ‘big one’ would be Ghaghoo, it would be a game-changer for BOD in Botswana in fairly short order. Most folk seem to be missing the point of its significance as a major poece of BOD’s Botswana production jigsaw. Hopefully this time with a credible funding or commercial JV partner.

No particular plans, and may even break my own 'if it doubles sell half' rule, but i have a few twopenny warrants so hoping for a bit more than that at the very least!

Echo - a good point re the ‘shares in sticky hands’. I think besides their ‘friends/family and BoD’ there’s another good chunk of shares held by a few of the long-standing posters here - myself included plus a good few of my own ‘family, friends and investor associates. Then there’s the Vutomi guys who are holding on to their shares (for now anyway) - I know because we tried to buy them amd were firmly turned down… they of all people know about the potential and what’s really happening here!
So no, not much free float at all. And no need for placing dilution for the foreseeable future.

Yep, it’s takken a while but that was worth waiting for. Now we know why O’Toole wanted all those shares! He derserves every one of them.

'Truth' if you'd bothered to read the statements, you'd know how much cash there is (and burn here is visibly minimal). The possibility of delist, should they not find a target in time, is always there in ANY shellco, but there's a fair bit of time yet. Stop spouting myopic hysterics, it's not a good look...

Terry: exactly, it is a shellco. The value is a function of cash in bank, value you attribute to listing, and value you attribute to the ability of the BOD to effect transactions (and the sector). Cash is more than the Mcap (as I write this anyway) and burn is minimal. This is one of the last Full LIst shellcos left and is aiming to do deals in a very interesting sector. Michael Ellwood is an experienced financier, and the others hardly lack gravitas. Yes it's risky but you have to weigh the risk vs the potential and the facts. If you don't understand that (or the risks involved) you shouldn't be in the kitchen (Mr 'Truth'...)

JS I’m an Accrington Stanley fan myself but can associrate with everything you’re saying.
Interesting to see volumes pick up the last few days and loose shares being mopped up (by me too but I’m limited as to what I can take now).
We’ve waited a while now, it’s finally starting to happen!

And another thing! Don’t forget the potential for operational and commercial synergy by working Ghaghoo alongside KX36. They aren’t that far apart geographically (relatively speaking!).

PS I I meant to say ‘myopic uninformed naysayers’ there!

It’s important to remember with Ghaghoo that Gem spent $240m+ developing it. It has a complete infrastructure to operate, airfield, accommodation, the lot, and it’s all pretty much intact and ready for recommission. You don’t spend $240m unless you’re pretty sure there’s a substantial return known to be capable of beimg achived. Yes they had a problem in 2017 but their withdrawal was just as much a corporate decision to refocus geographically, the damage was the catalyst. As JS said, James C has identified an alternative way of dealing with it. He needs $4m to complete tje acquisition and another few mill (but apparently not necessarily a lot of them) to get it going. At the AGM it was hinted that there are a number (half a dozen) interested potential partners. So who knows! One thing’s for sure, It isn’t necessarily the basket case the naysayers were trying to state over at Vast at the time, quite the contrary in my view.