Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Old news. This has been in the pipeline for a long time. This enlarged BRICS group would like to get away from dollar reliance but it won’t happen soon enough to help Argentina in the YPF / Peterson case.
Donkey - seriously obsessive posts. You have deep grained dislike of NvS for whatever reason. Something happened in the past and you seem very bitter. But most of us are not concerned with your personal obsessions and anger. I think companies like AA are unlikely to agree a JV with someone they have known for many years if they lacked basic integrity.
I hold here Jimmy - but I am extremely frustrated with DC. I understood the Covid challenges and think he did well, but a serious lack of delivery and transparency is bitterly disappointing. Let’s hope I’m wrong but preparations for London seem less organised than Madrid. Regret not selling in the run up to the Frankfurt show.
I don’t think London will sell out. There’s a cost of living crisis ongoing and the full event details are not confirmed. Plus, they lvcg is not particularly experienced in this type of venture. Would love to be surprised positively.
But I think we’ll see that when we calculate net revenue, Madrid will barely make money. With this O2 gig now up in the air and not fully resolved I fear revenue will be similarly compromised. The need to raise money tells us just how pressing the cash flow situation really is.
When you make assumptions for average ticket price, have you deducted VAT? It’s 21% in Spain. And there will be a commission on sales fulfilment (lvcg don’t have this capability. Then a proportion of tickets will be discounted. So I would deduct 30% from your original number to get closer to net ticket sales value after tax and handling/ fulfilment. .
Fukuro - please ignore anything by Hindenberg. Pure manipulation - I’d use a five letter word beginning with an F to describe that lot. ! Can’t be compared with Muddy Waters. BTW Muddy got BUR wrong and they are back on the up with courts processing cases and the YPF case moving forwards nicely. I see 100% upside this year, but I digress. I see even more upside with Arc!
MB10. If you are using Allied Market Research to justify projections about growth ten years hence, then good luck! Those numbers are based on a series of unfounded assumptions. I have encountered these guys in my professional life. But believe the numbers if you want.
MB10.
1. Ticket sales look very slow to me - certainly no chance of these K-Pop shows selling out in minutes.
2. Pop music is fickle. K-pop was novel. Some acts may enjoy strong, sustained success but they have no need for a brand like K- pop - they can expand globally on their own terms ( the fickleness of pop music is in contrast to,say, the bricklive business where I can see enduring appeal)
3. K-pop is in decline in the USA - the world’s biggest music market by some distance.
I am just offering a perspective on why these exciting shows in Japan and Frankfurt don’t seem to be making much progress. No wonder the broker report publication keeps getting constantly pushed back. The projections could be undermined in next to no time.
As I see it, only Madrid is showing any sort of traction for k-pop Lux, though tickets are readily available. An update would be helpful; last year we had a number of updates on strong sales progress in Frankfurt.
Lodovico
You are right about the questions. Try Googling “KPop Lux Japan”. You’ll get a top option of “ Nagoya - KPop Lux” and s second line saying “k-pop fans around the world get ready. K-POP LUX is coming to Japan for two days..”. But click on the link and you are sent to the Madrid event. Nothing about Japan. So I’d assume Japan can’t be happening. My view has always been that k-pop is a fad - at least in the west. 53% fewer k-pop tracks charted on the billboard hot 100 in 2022 according to Bang. In March an article in The Korea Times was headlined “Is K-Pop’s popularity waning after reaching its peak?” And says “ people are already concerned about the possible downfall of k-pop which achieved exponential growth during the COVID-19 pandemic”.
So things look grim and we deserve an update.
Anglo are not explorers. They have access to the key prospects and will manage the drilling with manageable risk/ exposure. They can own 70% and take control. Arc keeps a significant interest in the potential upside. JV’s are ways to share expertise and lower risk. That’s why many large mines have multiple stakeholders even if one large player exercises overall control.
Batterymetals: Anglo would never put an RNS out about a JV deal of this size through a subsidiary If the motherload is located, then I assume they will. Look through their RNS’s over the years - it would have been almost unprecedented if they had .
Whatever the price now, your comment will be right if no meaningful, economically attractive copper resource is found. But the deal sets arc’s former licenses up for proper exploration through the JV. If an attractive deposit is found, your comment is patently very wrong. Right now, you don’t know and I don’t know the answer. Anglo aren’t putting in time and money into this for no reason.