Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
This will go down well with Saudi investors. Smart move to list it locally. Not sure what percentage will be retained by POW but given that the current value on its balance sheet is zero it's a winner π most importantly it's yet another source of investor information flow which will attract more "sticky" π°π°π°
Techno. Correct. This smart sticky strategic money which is backing a handful of mining companies with scalable opportunitiee in critical minerals. It's easy to join up the dots. POW, KAV and GMET are all winners over the next 3-5 years
Give it time! DEC did a is listing and the US volume now rivals London on many days. The point is that most US investors won't buy London listed shares. Also re GMET there are almost no freely traded shares available. They are in sticky hands (like mine). Even a modest domestic interest from domestic US investors will have an impact. I await the outcome of the grant funding application for the PM tungsten.
Tray556. I totally agree. The UK microcap audience is tiny and fickle particularly for mining shares with demand driven by domestic macro conditions. The N America audience is massive in comparison and POW has via GMET and FCM some compelling NA assets which are of interest to N American investors.
Probably 80-90% of these can't or don't buy non-USD denominated shares. One mention by Rick Rule of POW on a podcast after the listing will generate huge interest. How many US investors would like a piece of GMET!!
I suspect that the shareholder register will migrate rapidly across the pond, far faster than anyone will realise.
As for the GSA investment, a fantastic deal structure. I suspect they have at least 1 possibly 2 deals 'nailed down' in Oman (or why go there first) and Saudi. I expect plenty of RNS activity with positive news over the next few weeks from POW,GMET and FCM.
Why anyone would sell under these circumstances is beyond me. The consolidation will just widened the potential investor base dramatically Rick Rule is no fool and probably the biggest influencer in the junior mining sector in the USA and he obviously likes POW a lot. No wonder companies are giving up on AIM and the UK markets. Like everything else here they are disfunctional.
I will be adding more again on Monday!
Early days. They will be once the major food Companies start using SALT in their products..... It's something that the food companies will want to make VERY public..... "The healthier alternative...50% lower salt but no change in taste". ...
Giancotti. You make some good points although I think that it is important to point out the vast difference in expected SALT revenue and margins/ kg for B2C Vs B2B. From the customer perspective ingredient cost is a major consideration but the actual end cost also considers any changes in production processing required. IF .....SALT can be used without significant disruption to current processes (for example use in a slurry) then this is a major plus. From the SALT perspective, volume is the key when it comes to cost and margins. Announcements re brand adoption rates during the next 12 months will determine whether SALT is a ten bagger! What I like about this story is the potential to scale the business and the stable cash flow once accepted.
Lord. Yep, as I stated no progress in salt reduction solutions over the past twenty years. As I said, current alternatives have failed to pass the taste test. Possibly a reason why SALT has been endorsed by a major global player? I rest my case!
Lord. Just checked this morning with a former colleague who is still in the processed food industry. No substantial changes over the past 20 years. Food manufacturers reduce salt to a point and then taste drops off a cliff, customers complain and sales collapse. The Tate & Lyke product apparently just does not get the job done when incorporated in large scale production processes. Ok for the retail market for "healthy living" conscious individuals but the reality is that the vast majority of our salt consumption comes from the daily consumption of bread, ready meals, tinned soups, baked beans etc.... if SALT is the real deal it will be bought out by a multi national within 12 months
Lord. Having briefly been involved in "low salt" solutions almost 20 years ago and assuming nothing has changed, the existing alternatives have not been successful. This is particularly the case in processed foods like soups, frozen foods, cereals and condiments. Quite simply, at some point taste falls off a cliff! Brands face losing millions of sales and profits of consumers have a bad experience. If SALT have received the endorsement of adoption of a major brand for at least one of their lines then this is a game changer. Margins will be low for SALT but the volumes, spectacular.
The last packaging of assets to sell to a financial investor shows that Rusty is capable of innovation just like he was with the ABL's. Remember the balance sheet is only PDP reserves. I am confident that there will be more of the same type of innovation in future, either to package and sell some of the assets or to acquire new ones. I don't know but there must be plenty of declining assets owned by operators which don't fancy managing them with the ESG and ARO obligations but would appreciate a hassle free annuity from assets managed by DEC.
Oiled. We all have our concerns largely due to the share price but "rolling debt" is inaccurate. The vast majority of the debt is amortising and fixed. The hedges are in place to cover the debt repayments. If the debt needed rolling over I would be worried but this is simply not the case. With no further acquisitions these assets are owned sent free. Remember DEC paid only 4 PDP assets.
Trek. Agreed. This is an opportunity for DEC to address all the issues (ARO's, depletion, debt, hedging, emissions etc) of the past 12 months and to clearly set out again the strategy for the future and show it's ESG credentials . With low NG prices, subdued new drilling, ABO compliance, there will be plenty of attractively priced assets from operators which are not set up to manage mature NG wells that DEC can bolt on to their portfolio and "sweat" the assets. Frustrating that we are where we are but DEC has always been a marathoner rather than a sprinter.
Usual calm analysis from the OB of the shorters presentation
https://open.substack.com/pub/theoakbloke/p/dec-orum-est-loqui-verum?utm_source=share&utm_medium=android&r=19pp7m
Enough errors, omissions and assumptions in the Snowcap report to more than question it's accuracy. Good to see that US investors who have a broader understanding of the O&G industry appear to agree with the OB. Shareholdings migrating across the pond which is a good thing. I should imagine that the titans of the industry like the Rice brothers are filling their boots in the January sales of DEC stock!
I suspect DEC may be in a closed period due to the financial report due soon. Certainly would stop directors Baby's. Good time to launch a short attack!? If the SP is as low after the report I will eat my hat!