We would love to hear your thoughts about our site and services, please take our survey here.
One more day for the TMUP to be issued "this week".....
@trader613 Not sure where Sattara is getting their info but I’d be shocked if the grant announcement were a few months away. Where are you getting your info from?
Clearly the company must have had some idea about timeline of funding when they announced in an investor presentation that they were expecting to finalise their funding in Q1/maybe Q2.
Further couple of shorts closed this morning
Three shorts closing this morning - probably one short in three chunks... Good news. Anyone with Ortex got shorting data for BMV they wouldn't mind sharing?
I'd be very interested to know when that interview was recorded; when Colin speaks about the Scoping Study RNS he says it was "last week" and then corrects himself to "this week" which says to me the interview was recorded late last week (ie around 10th March). If that's the case, the "expecting TMUPs next week" comment *could* mean this week...
Guess we'll find out soon! Either way, good to get those in the bag ASAP. Taken long enough - I'll be very happy when I know they're getting on with serious on site prep for proof of concept.
We aren’t waiting on a transfer of the license to Eurasia, just to be clear. The deal is that Eurasia’s subsidiary TGK is entitled to take 75% ownership of Monchegorske LLC, which I assume is being left for the asset buyer to do at a later stage.
Believe they already have the mining license (extraction permit) valid for 13 years from 2020 (and extendable based on LoM)
Stateside - apologies, I wasn’t clear but yes - I was talking about guaranteeing funding through to producing proof of concept gold from the ore that is already lying around from back when the mine was in production. Following that, streaming funding should be easy to come by I’d expect - once the theory has been proven the project is derisked massively for potential financiers.
I haven’t bought anything that TW has pumped because I make my investment decisions off my own research, but I have on occasion read one or two of his articles which appeared to be badly researched, badly written, and clearly backed by his own agenda.
Just going to repeat myself here, anyone listening to the charlatan that is Tom Winnifrith needs their head checking. He *always* has an agenda.
Now, onto matters that are worth our time discussing, this placing is a decent deal. Guarantees we’re funded all the way through to actually producing gold, which if anything is even more important than the TMUP news right now. Should give everyone a great deal of confidence. The TMUP was always going to come, it’s just a matter of time - funding was my biggest concern but now very happy.
Dmitry, I’m positive here but this is ramping as not ‘everything’ is sorted. We know that DFS approval and the company’s new 100% owned license application are still yet to be finalised, so it’s possible we could be waiting on one or both of those things to complete too. Not definite either way and sale news could drop at any time, but it’s silly to say that everything is lined up right at this point when we know there are outstanding items.
Rather than listening to someone else re your investments, look into the company and projected South Korea financials yourself via BMV’s RNS’. It’s not hard to look at, and you can decide for yourself the risk vs reward potential.
Great to see details here, obviously funding is the next step - discussions been ongoing for a few months now, hopefully they'll be able to get an announcement lined up with regard to that for when the TMUP is issued. Don't want to be sat around waiting for finance but £1m to complete proof of concept shouldn't be hard to come by.
If you don’t believe in the growth strategy, then don’t buy shares. I don’t care, but don’t come here claiming that your opinions like “they won’t get debt finance” are fact because you have no idea what lending conditions might be. Of course neither do I, but I’ve been very clear and fair stating that there are options. You’re putting your view across as fact and that’s entirely unreasonable when you have absolutely nothing to base it on, and I will continue to call that out.
ajs8220 you clearly have no idea what you’re talking about; the interview starts by discussing the Batangas JV deal, which was only signed and released to market on 7th Feb this year, so how could it possibly be three months old?
Get back in your box please. Many thanks.
Yours sincerely
Actual investors.
Terry, just going to copy and paste my comment on this from the other day:
UK sales - I suspect with their ultra premium strategy would go better than you think but as an investor I don't need the company to launch in the UK. I'd like it so I can try their products, but it's not necessary for their growth. The company knows - as per recent interviews - that the UK market is pretty saturated which is why their growth strategy has been based on APAC and US where things are a lot different. Trying to scare investors off by whinging about their prospects in the UK market isn't going to work. The company are very clear about where their main growth is coming from.
UK market is *NOT* the be all and and all of this company, not at all. The main growth is going to come from elsewhere.
Decent interview, thanks for pointing it out. “TMUP in the next few weeks” is the standout quote for me. Let’s see if the SK gov can deliver in that timeframe this time…