Member Info for PlunderEurasia

The last placing was supposed to bridge the gap ahead of first revenue and they are under budget currently, if first revenue gets delayed then there can be a placing but this isn't on the agenda currently.

They said it was December, then February, then March, then April and now May! I'm not falling for it, I'm gonna say its June and then July!

Yes this kind of rubbish is why so many ppl are leaving the LSE, they should look at the Nasdaq after first revenue. I still expect this is a temporary dip however and we will break 3p but only battle hardened investors will survive this period.

The fact that the grades of emerald from the Kagem mine are dropping is a big sign of depletion and I'm concerned the trend will continue, with that said this is always expected in the mining business and Gemfields must be looking at other emerald and precious stone assets to continue growth and development. URAH PLC finished reconstructing the historical Mt Gravelotte mine and they are preparing their first auction in H2 2024, I expect Gemfields must be keeping a close watch here, as they have a world class emerald asset that is already producing. Thus my opinion is they should freeze dividends and prepare a bid for some new assets like Mt Gravelotte.

If the mine is profitable they won't need another fundraise and that depends primarily on the grades. If we luck out and get high grade emeralds with known antiquity, then those who own 1% or more could be joining the 10^8 club! If it's high volume commercial grade, then it's 10^6-10^7, if its opaque junk that can't get sold anywhere then they will sell the sorter and some other equipment before focusing on Zambia and we will likely get slapped with a mega placing.

URAH is not an AIM stock and they are not having random delays like the other AIM stocks I've held, it's a gem of a stock from LSE main market that has already had material run through its sorting circuit, therefore if the sorter is doing its job properly and we have had a note that initial test runs have been successful, there is not logical reason why there should be delay to the April production target, unless there is some unforseen circumstances like a machine breaking. My actual concerns are what will the quality of the stones be like and the volume, this is what will decide its fate ultimately.

I and so many ppl were scared of the URAH sorter because of our experience with PREM, I think I suggested earlier Prem should speak to Angelon about their sorters but perhaps emeralds and coloured stones are just easier to sort than Lithium because they're very brightly coloured in contrasting colours. Lithium doesn't look much different to the dirt it's recovered from, probably some chemical method is better for purification, like boiling points etc.

OAPK20, that lower price per carat for Gemfields last auction was caused by lower grade production, it looks to me that the Kagem deposit is depleted in the zones that they have been mining and they need to resort to exploration again to find higher grade regions. We have no idea what quality of material will be produced from our mine/process, in that sense it's a lottery, it can be mostly commercial grade, it can be high grade, it can be a mixture or it can be completely junk. Quality is more important than quantity.

OAPK20 it's not the overhang, it's just gotten a little bit overbought and wants to consolidate. I and some other people were on purpose trying to bid it up, so that's understandable!

Only 11 trades because we are the earliest of early birds who bought the company up for peanuts just before first revenue. This is also why some ppl have 35 year mortgages in Croydon and others cash buy in Holborn XD

One can dream a miner about two weeks away from commercial production will have a massive discount placing for you to buy in lower than the 52 week average XD

The old AA deal fell through, the KNAC agreement is not registered and the license is over due because Troy is choking the company with the connections he was using to build the company with before, I told you all to be careful with bashing him and now the share price is getting bashed in! No end in site for this before Troy or somebody else takes the steering wheel again!

If you get 30% dilution and the share price only slips 20%, this ironically means its actually 10% more expensive. This needs to drop under placing guys.

Now we are almost out of Q1 without any funding, the p word must be around the corner bar some miracle.

5m is far too low and big sign that this market cap is too low is that I as a middle income man in his early 30's owns 1% of this company.

Money and Science, I was just making this point with my friend over the phone, OXB under Dawson before 2020, had a drug discovery group that was outlicensing clinical stage vectors for millions, a cell line and vilral vector development group, process innovation team and a profitable manufacturing CDMO. You wouldn't imagine that version of OXB with Dawson would be where it is today if we skipped the Astra Zeneca vaccine saga because they were already headed places.

It's getting strangled by the bollinger bands even though its a very tame 10% rise.

Let's get this up to at least 30 today XD

Yes this morning was a funny one as the news that's supposed to be released as an RNS was instead released as a YouTube video and there was a huge pump and I did buy at my previous exit price of 0.27 and I then sold at 0.32 because end of the day business is business and many people buy and sell hopium for a living. I'm not above doing this again either but I dont actually believe in Lithium as an investment, the hopium here however is extremely lucrative!

I sold today's top so I must remind everyone what Elon Musk thinks about Lithium.

Elon Musk Opinion:

https://youtube.com/shorts/4xQxsE3XcHE?si=eVv4fa0gWvsNAg7i