Member Info for RollingInIt

Well, an outline of a protracted timetable has emerged from their Annual Report, yesterday, with the following:

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As at the date of this report, the Company has announced the acquisition of a 22.10% shareholding interest in VRFB Holdings Limited (the “VRFB Transaction”). Given that the Company has been in active discussions with the relevant stakeholders in connection with the VRFB Transaction for the past several weeks, and because the Board was wary of the significant risk posed by other interested parties making offers should negotiations between the Company and such stakeholders become unduly protracted, the Board resolved that it was in the best interests of the Company and Shareholders as a whole if the VRFB Transaction was prioritised ahead of calling a Shareholder meeting to vote on the Board’s recommendation.

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Fully understand adopting the sequence of events above and it demonstrates commercial intelligence. Pleased by that.

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Notwithstanding the announced VRFB Transaction, the Board shall propose a resolution to Shareholders at the Company’s 2021 Annual General Meeting, to be held in June, in line with the commitment that was contained in the Prospectus (such extract as set out above). The Board will unanimously recommend to Shareholders that they vote in favour of the Company continuing to pursue an Acquisition for a further 12 months, the Acquisition being the VRFB Transaction. Shareholders should note the VRFB Transaction remains subject to certain (additional) Shareholder and regulatory approval,

*** and which the Board currently anticipates will take between four and five months to conclude. ***

The Company will communicate with Shareholders at a later date in respect of such additional resolutions that they will be asked to vote on.

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However, conversely, the second extract above demonstrates, for me at least, a distinct lack of pace, particularly as key resolutions to unlock progress will be made at the AGM in June.

Four to five months to conclude the purchase of a percentage interest in an existing operating enterprise, regardless of 'wooden dollar' complexity. Not impressed by the lack of pace at all. Let's hope it's simply a case of 'under promise and over deliver'.

Myles McNulty
@MylesMcNulty
·
19h
Three more blocks in
@guildesports
taken at 6.9p, 7.1p and 7.3p. A lot more research carried out over weekend - on relative valuation analysis (especially precedent transactions in the private space), #GILD could be valued several multiples higher already.

Working on note still!
Quote Tweet

Myles McNulty
@MylesMcNulty
· 5 May
Momentum trade just entered: #GILD - had to pay well over the odds! Write up to follow.

Sween

Well, it's an 'of the moment' sector. Here's Myles McNulty's take on it from a BMN perspective in a recent tweet.

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A class interview from #BMN's CEO.

BMN has been - and continues to be - a major catalyst in driving the growth of what looks certain to become a multi-billion dollar market: VRFBs, for industrial-scale energy storage.

A market dependent on BMN's highest value products.

Genius.
Quote Tweet

Bushveld Minerals
@BushveldMin_Ltd
· 6 Apr
Bushveld Minerals CEO, Fortune Mojapelo provides an update that Bushveld & other investors are investing US$30 million into Enerox, a leading #VRFB manufacturer, providing the company with capital required to increase capacity to 30MW

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If ever I get the choice by having advanced notice (such as COPL), I will always opt not to remain invested during any temporary suspension, regardless of possible uplifts on relist, for exactly the reason you've just highlighted.

There's no timetable, other than a final date for the transaction to complete. Here, I had no choice but to remain invested and it's a relatively small % of my investing pot, so I'm not overly perturbed but I never appreciate having a choice removed to sell a stock of ever I wanted to, not that I was looking to sell here yet. It's just a personal preference, never to be controlled by someone else's pace or lack of it.

The short answer to your question .... I haven't the faintest idea.

Can only buy in very small amounts at the moment on ii.

I think the final word on whether the Gas and Oil / Condensate can be extracted commercially has to be with the chap running the show. He believes it can be.

________

Joe Salomon interview a few weeks ago..

Salient points:

______

"The potential here is large"

"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"

"We know the Gas is in the ground"

"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"

"it's not a complex process"

"to increase the Gas flow rates to very, very, commercial rates"

"the Company is back to a clean and clear state"

"back in control of our destiny, so that's a really major outcome"

'Opinion'. That's reasonable and yes, let's hope it's not the case. :o)

You 'expect' what you like.

A 'prediction' isn't fact until it happens.

More importantly, it simply means 'it will be going ahead'.

Call me old fashioned but I see that as a positive.

Worth remembering the initial reasoning for the purchase, the potential of many multiples of it's current value.

Referring to the recent podcast:

______

So, that podcast roughly describes the undervaluation.

20 times for the Vanadium
20 times for the Nickel
80 times for Burwell

On that basis, over a 100 bagger.

:o)

Yrab

You may have written it yesterday and even if it repeats today, that doesn't determine the outcome for every subsequent day.

Patience.

Keeps progressing. :o)

Not a recommendation from me for anyone else to follow but a quote from Myles McNulty, a micro-cap equity analyst, which often rings true:

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Myles McNulty
@MylesMcNulty
·
12 Apr

Mastering the Art of Doing Nothing is key to successful investing, in my view.

It requires several key skills and traits:

Patience (wait for that entry; don't sell out of boredom);

Focus (don't go chasing rainbows!);

Conviction (know what you hold, and why);

An iron stomach!

That bigger picture is now emerging, great news. :o)

A few £Million to get access to a possible £11 Billion's worth of Gas, not to mention the Oil and Condensate.

I keep focussed on the information from JS and he couldn't have made it clearer for the listener in his recent interview.

_____

Joe Salomon interview a few weeks ago..

Salient points:

______

"The potential here is large"

"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"

"We know the Gas is in the ground"

"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"

"it's not a complex process"

"to increase the Gas flow rates to very, very, commercial rates"

"the Company is back to a clean and clear state"

"back in control of our destiny, so that's a really major outcome"

______

Note, LNG import prices to India hit a high of around $18 per Mmbtu in January, which would value the 900 Bcf of contingent resources, stated by JS, by getting the LNG import prices, at around £ 11 Billion !

Additionally, there's the 55% mix of Oil / Condensate to add into the mix too.

In addition to the Gold here, there's the 'Battery Metals' focus with the Nickel.

RNS, on 3rd March:
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Battery Metals

The growing adoption of electric vehicles (EVs) is driving the increasing demand for nickel, cobalt and lithium ("Battery Metals") - which are each critical metals used as cathode materials for lithium-ion batteries in the automotive industry, as well as the energy and electronics industries.

In addition to advancing the BAM Gold Deposit on which Landore remains focused, the Company is encouraged by the increased demand for 'Battery Metals' as Landore's highly prospective Junior Lake property is host to significant Battery Metals Resources and prospects delineated by Landore prior to the discovery of BAM Gold. These resources are compliant to Canadian National Instrument 43-101 (NI43-101).

The Junior Lake Nickel is the highly sought-after Grade 1 sulphide Nickel suitable for 'Battery Metals'.

"With the burgeoning demand and increase in world prices for Battery Metals, the Board considers these projects to be viable once again, significantly adding to the overall value of Landore's highly prospective Junior Lake property."

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Also, seperately:

______

At over $20 billion dollars a year, nickel is already one of the world’s most important metal markets. However, with the rise in demand for electric vehicles, nickel is potentially on the cusp of a fundamental supply shift where quality over quantity comes crashing to the fore.

That’s because not all nickel is created equal.

Approximately 62.4 percent of today’s nickel supply is nickel laterites, which produce products such as nickel pig iron and ferronickel. While abundant, these low-grade metals are inadequate for battery manufacture. Instead, the growing demand for EV battery components must be met by higher-grade––but much rarer––nickel sulphides, which produce such products as nickel metal and nickel sulphate.

* Only 15kt of nickel was sourced from finished (Class 1) nickel in 2017; a single Chevy Bolt features 23kg of nickel in its battery.
* Future battery chemistries are expected to contain more nickel, not less­­––comprising up to 80% of the battery cathode mass used by companies like Chevy and Tesla

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And:

______

Fitch has updated its estimate of the impact of EV battery manufacturing on nickel consumption and now expects nickel demand for EV battery manufacturing to experience an annual average growth rate of 29% over 2021-2030, outpacing both lithium and cobalt demand, the analyst says.

______

Nudging up .... :o)

Giving opportunity for OEX to take 100%.

:o)

So, that podcast roughly describes the undervaluation.

20 times for the Vanadium
20 times for the Nickel
80 times for Burwell

On that basis, over a 100 bagger.

:o)

And despite the profit taking by some, the information from the interview with JS still stands and there's now the further positive about the Bhandut sale.

The ability to get LNG import prices for the Gas, really enhances the metric here. It's not just the 55% Oil Ratio, which in itself, enhances the profit from production.
_____

Joe Salomon interview..

Salient points:

______

"The potential here is large"

"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"

"We know the Gas is in the ground"

"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"

"it's not a complex process"

"to increase the Gas flow rates to very, very, commercial rates"

"the Company is back to a clean and clear state"

"back in control of our destiny, so that's a really major outcome"

______

Note, LNG import prices to India hit a high of around $18 per Mmbtu in January, which would value the 900 Bcf of contingent resources, stated by JS, by getting the LNG import prices, at around £ 11 Billion !

Additionally, there's the 55% mix of Oil / Comdensate to add into the mix too.

:o)

Wolves

As predicted, you complete bore.

Yawn.

_____

RollingInIt
Posted in: CRCL
Posts: 1,140
Price: 2.10
No Opinion
RE: Struggle to buy13 Apr 2021 14:21

The good news is, that completely out of character, you're not trying to do the opposite here .... yet.

You sound so disappointed.