Member Info for Potatohead

Lav, it is awful.... the fall in the SP today is mostly due to the Trump war. The market has yet to react to the RNS, so I expect the SP to reach the mid-20s soon.

This is a complete catastrophe for the new shareholders and the unfortunate long-term shareholders who have endured so much. I'm glad I sold when I did; I was getting rather fed up with all the shenanigans.

Reports indicate that the Iranian Revolutionary Guard has issued VHF radio warnings to vessels in the Gulf, stating that no ships are permitted to pass through the Strait of Hormuz. This is going to cause the price of oil to soar.

Averaging down works if you believe in the company's success and you have plenty of bottle.

I averaged down to 0.0040 pence after making significant purchases at 0.0025 pence and 0.0027 pence. I originally planned to sell at .150p, but then reduced this target to .120p, then to .0080p, and finally to .0060p.

This is quite a rise, considering how low the trading volume is.

BFD.... Who do you think the seller is now?

There are two massive dumps: one of 42 million at .003430, and another of 50 million at .003540.

There were a lot of huge dumps today. I wonder who the big seller is now!

More than 126 million shares were sold for less than 0.0036. At least half sold for under .0035

The biggest dump today was 42,000,000. 0.3440.

Great day today, now i want a sausage supper

Yes, it was an absolutely fantastic RNS — it was terrific! We're down by almost 5%. I pity the poor buyers who believed your rampant hype and bought at 45p — they're down by almost 10%.

BFD.

Please do not address me on this matter. If you do not have anything positive to contribute, I will not allow you to tease me just to get my reply deleted. As I have previously stated, I received the information from A1 that African spod is $100 cheaper, but I may be mistaken.

It was A1 that said that the normal retail price of the Zimbabwean Spod is $100 cheaper than the China spot price, but that might be because of shipping costs. I've checked the facts and it seems genuine, but I might be wrong, so it's not 100% guaranteed.

Humster, since I'm retired, perhaps you should consider getting a job and working more overtime. After all, I need people like you to fund my benefits.

However, I don't think our AISC will remain the same if it's calculated based on 65% recovery, given that we can only recover 35%.

If our AISC remains the same our market cap should be around £130 million

Elcobbledore

i'm using Joe's calculation if we are only at 35% instead of 65%

OK Albatross we get another £1,5 million

At today's spodumene price... The China spot spodumene price is $1,890, minus a $100 African discount, equalling $1,790. Assuming our AISC is $1,124, as Joe says, and our product yield is 5.26%, we would receive $1,518 per tonne for our spodumene, minus our AISC of $1,124. This equates to $394 x 125,000 = $49,250,000. We get 32%, which equals $15,760,000. Converting this to pounds, we make a profit of £12 million per year. Multiply this by the industry mining average of 5 to get a market capitalisation of only £60 million.

The AISC is based on a recovery rate of 65% and a price of $647 per tonne. Could someone please calculate what the AISC will be for us if our recovery rate is only 35%?

Lav, I'm in this game to make money, not to have fun. I'm too old for long-term investment strategies now; I'd rather make a quick profit. Investing in cryptocurrency is no more relaxing and profitable than investing in speculative companies on the AIM.