Member Info for Rover62

I’d hoped that we would have had some further news by now of progress.
Do I hope for too much?
PIs drifting away, as is SP.

I’m holding as I believe this will come good.

Q3 results should be out beginning of November.

However if your thinking of investing the share price will be substantially higher by then as news is due within this quarter about the financial deal. That is a big relating event for the SP.

https://www.globaldata.com/global-nickel-production-recover-6-8-2021-supported-indonesia-philippines-says-globaldata/

The interesting item in the presentation for me was the breakdown of the flake size and purity.
48% of the graphite being in the premier category.
I don’t think this is truly reflected in the NVP calculation.
Any thoughts?

I was wondering what the industry consensus price for Nickel is going forward for the next 10 - 15 years.
Wouldn’t that be used in any financial deals?

I maybe wrong and most likely am.
I think we have a single seller with a load of share he needs to dispose off.
I’ve noticed that for the first couple of hours of trading each day transactions of 100k, 150k etc are being done.
I believe this is what’s holding the SP back.
I have not solid evidence so all in my suspicions.

I know that no one doubts we have the ML, but it’s nice to see it on the Tanzanian mining portal.

https://portal.madini.go.tz/map/

Search for graphite advancement

I think the discussion comes down to what deal we can get with the Offtakes.
We could go for a pre paid deal meaning less finance and equity dilution.
Any thoughts?

For construction on the ground to start in April finance needs to be done by the end of year. All the buying of equipment, hiring of staff etc needs to be done in the first few months of next year.

Thank you for your thoughts.

NJ in the RNS said that he hoped to have news in the ‘near term’ which is subjective to what near is. I just wanted to set my expectations. I try to be positive. I had hoped near would be this month but this year would be nice. Q1 next I would accept.
GLA

Anyone have any views on how long the next steps will be?

…. So the MMs take the SP down on open. Go figure.

If it does come tomorrow, which I surely hope, it will most likely be noon or 3pm.

Thank you for the reply all, very informative and well thought out.

My very crude headline figure (not NVP).

Just nickel @ $13.3k 1.1 million tonnes = $14.6 billion.
Costs approx $50 per ore tonne 150 million tonnes = $7.5 billion.
Plus capex $1 billion.

Is that a big enough margin for the big boys to come in?

Has anyone worked out what this means to the bottom line?

*portal

Postal updated but no ACP update. :(

Do not forget the general sentiment today.

FTSE taking a hit.

I agree.
I’ve noticed over the past week there has been a slow accumulation by one or more investors.
The way they are doing it suggests someone wanting a lot of shares at a low price.

Punter bought realised he’s paid over the odds then cancelled.