Member Info for PopeUrbanII

As presented you could drive a bus through that spread

Does anyone have a view on the timetable for news from the drilling program?

I have a small ACP position, much smaller than here but like the overall clean energy / tech exposure. Feels like a bit of a punt on limited research but with financing (assuming it’s achieved) could be very exciting

Very true! Good knowledge

The grand title has made me lazy - Otto puts a lot more effort into his research and analysis than I do these days

Off topic but by the time of the Council of Clement in 1095 he was known by a different name

This is a well informed board but needs to brush up on early medieval history!!!

I don’t want to get overexcited by Tesla links but it’s hard.l not to find this interesting

https://www.bloomberg.com/news/articles/2020-07-22/musk-promises-giant-contract-for-efficiently-mined-nickel

To be fair to you Rover I suspect there’s no amount of research that can lead one to assessing the probability of a c-suite punch up at an age!

Hopefully we’ll see some German buying before too long

I've come across this article on a course that I am studying and thought it might be interesting to people here given the subject - it's specifically about gold miners but it's relevant across the commodities space. I've always been pleased by HZM's community engagement and this adds to that

https://knowledge.wharton.upenn.edu/article/when-engaging-with-your-stakeholders-is-worth-its-weight-in-gold/
This is the actual article
file:///C:/Users/rjbla/Downloads/Henisz_Dorobantu_Nartey-2014-Strategic_Management_Journal.pdf

This isn't a comment on Hummingbird directly but I've come across it on a course that I am studying and thought it might be interesting to people here given the subject

https://knowledge.wharton.upenn.edu/article/when-engaging-with-your-stakeholders-is-worth-its-weight-in-gold/
This is the actual article
file:///C:/Users/rjbla/Downloads/Henisz_Dorobantu_Nartey-2014-Strategic_Management_Journal.pdf

How many people remember the chaos caused by Jack Petchy owning 25-30% of a bunch of Listed real estate companies back in 2008/9? When new capital was needed it was impossible as he had negative control but no cash. Rights issues were doomed to fail as it was obvious the nil paids would be dumped on the market. This company has been over leveraged and starved of capital for years. This was inevitable

Can’t see bond holders closing it but they may end up being the owners rather than Intu

I bought at 4p have no intention of selling

I’m not being negative, you see loads of debates about near term means. I think this could still take a few weeks, on lots of boards you see people interpreting near term as in within a few days and people then get angry with management if they don’t hear on those timescales

I’m very positive on this, all I’m saying is I hope if we don’t get news in a matter of days people don’t start getting angry about it. If I’m wrong and something does come out in the next few days that would be awesome. On the other hand I’m happy to be patient - the economics of this suggest it is only a matter of when not if

Great to see progress and the market react well to it

I wouldn’t get over excited about imminent news, it’s going to be a matter of weeks between people being under NDA and deals actually being done

I’m not knocking it just don’t want people to expect something in the next few days and get upset if it doesn’t come

Yes but today Open Orphan owns Imutex so any valuation of ORPH should include value for ORPH's stake in Imutex. Looks like the market is currently not much ascribing much if any value to it - one of the reasons why there should be a lot of upside at the current price

No mention of challenge studies specifically but some companies are speeding things up
https://www.fiercepharma.com/vaccines/nih-preps-late-stage-studies-moderna-az-and-j-j-coronavirus-vaccines-wsj

I’m in both. I’m new to ACP and have a fairly small holding have been in HZM for a while

For me ACP was a complete punt where I’m very comfortable with HZM. Calling ACP a punt is more a reflection of the amount of understanding I had of the company and the graphite market compared to what I know about HZM rather than a comment of the fundamentals of both companies

It partly depends on what is happening with trade creditors as well - but it's definitely going very well in the right direction

Sounds like a pretty amazing set up

Just one question, what does GOD stand for?

The depreciation is pretty irrelevant, it's non-cash so it has no impact now from a returns perspective

Whilst it would absolutely be a good thing to get an update on mine life (and that may have an impact on depreciation from an accounting question) the depreciation charge on the P&L is a different matter and really doesn't mean anything. What matters is cash generation and then what they do with it....