Member Info for restingpilgrim

PEAKDRED I think the reason this has not taken off is because a lot of people are not aware of it. recent roadshows have bought it to the attention of more people which I believe is partly responsible for the take up of the recent cash raise which also gives the buyers a solid stake in the company. I expect as others have said this raise is to get us through to the MRE without someone trying to buy the company on the cheap. Also like you say the reserves are not yet proven and thus no "proven value2 can be put on the reserves. Manlord has done some estimates but again he is extrapolating what he believes as there is nothing released to back it up but he does explain his reasoning for his values.

At the end of the day the company has hit most targets it has set for the Pitfield asset. They seem to me to be fairly careful in what they are saying despite looking to be very bullish even to the extent of calling it a Unicorn asset. You can see that more drilling is taking place and the awaited MRE is expected in the next few months but if people wait until it is published so that it is proven then they will be too late. It depends on your risk appetite whether you invest now or wait until it is all proven and everybody is aware of the enormity of it.

Not only is the size of Pitfield seemingly enormous it also seems to be of the best type of natural ore and the ore is near to surface in a very good region of the world and as the recent RNS shows it can be refined to a pure TiO2 product thus enhancing the probable income streams and margins

Cev Phil Brumit was granted share options in Jan 2025 2 million share options at 10p

Note 17 in the recent accounts RNS lists all of the outstanding options, At the date of the accounts total was 73884474 outstanding and i believe most of those are for employees including the directors

Manlord did you spot what Sean said in that that Mining News video earlier at about 2mins 20 in and how much is in Pitfiel;d

If this gets to 10 pounds a share I expect Cevodniya to do his civic duty and buy a hotel in a Capital Gains tax free country so that EEE share holders can move there for enough time to sell up and avoid Capital Gains tax !

Even though I plan to hold for the longer term I am delighted that this is finally getting the recognition that the board have been telling us it deserves, My confidence has not wavered even when getting the notices of share price falls from my broker and i want to say thanks to Cev Manlord and Aegos who gave me the confidence to invest more when the price was falling. This even though the RNS were very good to my untrained eye.

I was delighted to see a 30per cent rise last week and was wondering what might happen this week never did I dream we would see 30 per cent in the day as I was expecting that type of thing when the MRE was issued later in the year.

Hopefully this will hit the long term values we are hoping for with prices in the pounds rather than pence and we can look back to this time as when things started to move.

Watching Cevodniya and Tim is like watching Harry Enfield with old "Loadsamoney" meeting up with Nice but Dim !

Great news that we can produce a high quality product using known production techniques now it is just a question of how much have we got

Superb RNS

MasterRSI maybe read the RNS completely the accounts are attached together will all the notes to the accounts rather than picking from the statements at the start

You have to do what you feel is best for you @JBCo . Personally although I do not hold a huge amount of shares it is a good sum invested for me and I plan on riding the wave for a long time.

I wonder if the recent good run is not only due to the fund raising but maybe we are about get to the results of the last round of drilling

Manlord the other thing is that your only trying to put a value on the Thomas prospect and then only the weathered cap. Surely there would be a value in the rest of Pitfield to be priced in which would be slightly higher than the normal tiny percentage of a prospect if one has proven a high value resource in just a tiny part of the overall prospect area. Even if we take the other estimate of overall ore and say take 25 billion tonnes and allow 0.5 per cent it could still add another 2 billion or so to the valuation. There would also as Fuzzy says the other part owner to allow for

It seems crazy that this company is only valued at around 80 million when we look at the kind of numbers that Manlord is coming up with and so far no one is challenging his workings. I myself before my previous post tried to come up with a value off the MRE and the move close to production and came up with a similar view to his low end. You look at it and think I must be making a mistake somewhere. People keep saying that it needs to be backed up by MRE and obviously more work is needed to firm up figures but so far the company has been producing many surveys which seem to point to something very exciting and the RNS just keep backing this up. Even these huge numbers only represent a small fraction of the total Pitfield area . For instance the weathered cap appears to be around 50 meters deep and gives huge amounts of very good ore and yet it is believed this could go up to 5km deep . Even if it is lower percentages than the expected general 5% it is still higher concentrations than in most other deposits.

Manlord it was the Daily Mail piece that brought me here originally and since then even though the share price has not taken off yet I have been happily putting more in as I believe it will pay off in the end. Hopefully Ageos friends agree and it would be nice to know if they have invested

I have to say the only thing I can compare it too is like having a young race horse and having dreams of what it may become. Despite having been burned in the past on AIM one keeps dreaming of the big one.

Grampyan the RNS re the issue of new shares said they did not become admittable to trade until the 30th May so I assume that is why that date is on the notification of increased holding

Main point is if they can get this all the way to production without being taken out not only will the share price will be many times it current level but hopefully there would be lots of cash to fund the development of the rest of Pitfield and other projects but also for decent dividend pay outs .

If we get taken out it will be for the huge cashflow the project can provide especially if as has been proposed the final product can be produced relatively cheaply. Hopefully funding can come from off take agreements and grants to get us to large scale production.

If the MRE is as big as expected and the chance of mining is closer to 5 years than 10 it would not take a very large per tonne valuation of reserves to make this company worth in the 7 to 9 pounds a share and thus the company value in the billions

The recent RNS seem to suggest that the weathered cap may be larger than originally expected as it may go deeper in places and I believe that is why there will need to be more drilling to firm up the first MRE. The funding will also allow for quicker advancement of the other work needed to show how production can be achieved to a final product and also to quicken up the time before mining can commence

There does not seem to be too much "I" in your AI if he thinks that 20% of 2 billion will yield 600 million profit !

Thanks for your report @4Kandles.

With regards the cash position I think we burn cash far slower than people imagine as a lot of the projects are joint funded and then we also get the tax rebates for our share of expenditure. There was also an influx recently from somebody taking up options.

I hope that long term holders will make their money and that the company is allowed to advance the Pitfield project without being an early take out by someone else. Even though the current plans are massive there is also the rest of Pitfield to search as well as other projects, Obviously the two current sites of titanium are the main priority.

One would hope that EEE can maintain its independence and provide generations of production,

Although the share price has risen it is still a shock to me that it has not gone further considering where the project is with many large mines in the region together with all the good news and solid work being carried out by the company

Thank you for taking the time and posting Manlord

Remember they will also have been issued share options

Cevodniya just a gut feeling from looking at the trades. I have no evidence.

Looks like the large seller is determined to push through with offloading stock this week despite all off the positives we are seeing

I have noticed that someone also looks like they are selling so these buys give them chance to exit without dropping the price. I expect in future we may see price rising more quickly to reflect the good news as there will not be the seller in the background to meet demand.