Member Info for Propinquity

Something has to give - funds are out.

Fisher, We are - thankfully - witnessing a thaw in relations between the ebullient AR and the unsentimental duo BiB and Daz _ long may it continue; besides, they all have valid points.

When short-term, global panic episodes - such as the current one - provoke routs in the world's stock-markets, AIM seamlessly transitions from a market of extremes to one of hyper-extremes.

https://fortune.com/2020/02/27/coronavirus-stock-market-worries-dont-panic-economy/

Trout, A compendious post.

The RNS was Bobbins - manganese is Brown - but Don't be Cruel.

First, the share-price drop is in itself a consequence of the mystical arts of AIM's MMs - but if you believe that this market functions seamlessly and perfectly in valuing its listed companies in respect of their true value, then I applaud you.

Second, silence is the answer when no notable news exists to report to the market; the payment was made to NAE, in Jan - that much was clear: if you bothered to look at the payment schedule, published in one of last year's RNSes, then you would have noticed it; however, had it been missed, it would have been reported to the market: it would have constituted a failed obligation. Again, if you read the RNSes, you might be able to discern that money should be available for April's payment.

Third, even though the funding negotiations started, a while ago, the time taken between then and now - and despite being told they were at an advanced stage - would not necessarily equate to an imminent conclusion: such talks inherently comprise many details to delineate, resolve, and finalise; palatable compromises by all parties; and a deal whereby all sides feel they commercially benefit; and, moreover, they are taking place in a geopolitically uncertain climate.

Fourth, previous RNSes declare that NAE exhibit a flexibility to negotiate an extended timeline for payments.

They can update us when they have materially significant news.

https://investingnews.com/daily/resource-investing/battery-metals-investing/manganese-investing/manganese-outlook/

SBK, We’re al expecting to the news to begin mining; but, historically, has Keras been a leaky ship before news?

Bassguy, It is an issue - majority have been under the impression that the licence was granted, last year; now, he says it's still to be approved.

Russell's wording inexpertise doesn't imbue me with confidence.

Has it been granted or not? Last year, Russell said that it was granted; whereas, in today's RNS, he says it's still be approved.

Clarity, Russell, clarity - probably partly explains the drift in the share-price.

Your general faith and optimism remain justified: Keras closes in on beginning production - with substantial upside in output and revenue steadily increasing throughout the rest of this year. At the end of this year, this share-price will be multiples of its currently laughable undervaluation - a debt-free, immensely resource-increasing and profit generating company - incoming.

I would like to think it was my sagacity that kept me invested in this share as part of my pension portfolio - but it was more likely serendipitous.

My thinking, too: Tesla's just opened its Chinese factory, with an initial production of 1000 cars a week, steadily ramping up; and the others are only starting to play green-technology catch-up, with the ensuing pent-up, unprecedented demand for all the 'green revolution' minerals needed to produce their wares.

High probability of an RNS next week: the election will be out of the way.

That CEO in the video says major car manufacturers, such as Mercedes, BMW, VW, are only now starting to order their copper, which - for years - will stretch to millions of kilometres of copper - and that excludes copper-demand for the charging infrastructure for the electric cars. Long-term play, indeed - I would go so far as to say that the copper price will be significantly higher by the end of this year.

https://www.youtube.com/watch?v=rjxVwbVRimI

GT6546, Intriguing thoughts; and, yes, it makes eminent sense that Australia's capital from dirty-mining aspects - a relative term in mining, I know - can be subtly redeployed to 'cleaner mining' ones, such as gold.