Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Good morning to you all.
I bought in here about 10 months ago at 0.12p and sold out about 2 months ago at 0.12p. I’m really pleased for all LTH’s here with the SP increases this week. It finally looks like the storm has been weathered and the new finance package should hopefully secure long term production. A great little company Wres - they do everything properly and systematically. IMO
It ain’t far on the A38 from Callington to Drakelands over the Tamar bridge at Saltash - just under 20 miles. All you need is a ‘Juggernaut’ or two for transport!
Great Proactive update from Tungsten West. The south west mining jigsaw is beginning to get a few pieces put into place. The X Ray technology sounds very interesting. IMO
We need to get behind OUR Company.
If you’re a Shareholder here and you don’t like what your seeing sell up and move on!
But we’ve had the news now to prove all the doubters wrong - Cobre renewed and PEPR for Paltridge North nearly there. I’m really looking forward to the rest of 2021....
Another excellent RNS.
I did say a couple of weeks ago that there would be multiple positive RNS’s in the coming weeks and this won’t be the last - there’s plenty of more news to follow. I love the quote from JP in the context of the increased Copper prices:
“This has occurred at a time when the Company is closing in on the regulatory approval for accessing the Paltridge North deposit.”
The market hasn’t woken up to the potential here yet and I see a re-rate of above 1p coming very soon. IMO. Good luck all.
I agree, we desperately need an update on the PEPR even if it is via Twitter. The PEPR was eventually lodged in early September last year and we’re now almost 6 months on without any detailed updates. I assume that the PEPR has been lodged for all 3 mining areas (some of which have never been mined before), but that’s even more of a reason to keep shareholders and the market updated. Fira doesn’t think we’ll get a PEPR this year, I was confident we would have had it by now - I’ve been wrong so far. This ongoing uncertainty in respect of our 2nd income stream is not helping at all.
Re: The DRC
Someone was talking about the DRC the other day and whilst it is probably the richest country in the world in terms of natural resources, it has been locked in conflict for decades and is also one of the poorest countries in the world.
I think we’ll increasingly see a move towards mining companies developing projects in safer and more politically stable countries.
The environmental footprint on mining initiatives are also starting to kick in and the Juniors and big boys can see the advantages of operating in a safer environment. Let’s remind ourselves of where our projects are - Australia, the US and the UK. Can’t get much better than that!
Cornwall Minerals were looking to raise £5m and they actually raised £8m - over subscribed by 35%. We’ll have no problem whatsoever raising the £2m needed for LCCM either through a normal capital raise and or a rights issue. However, it won’t be done yet, it’s more likely to be pulled together post PEPR when we’re above 1p. IMO. DYOR
11.7MT at 1.17% is the current Redmoor resource, with metals worth nearly £3billion .
The team are now targeting an additional 4m to 8m tonnes with a recoverable grade of up to 1.40%. A conservative estimate would be that the resource can be increased to at least 18MT with a grade hopefully above 1.30%. This would increase the value of the metals to well over an eye watering £4 Billiion. Obviously more drilling will need to be undertaken at the appropriate stage, and a full feasibility study will need to be subsequently undertaken but that’s further down the road for now.
However, don’t be fooled this is a massive project of international importance. It would not surprise me if the eventual resource is well over 20MT. IMO, DYOR
Morning, we tested 0.70p the other day and I think double that - 1.40p is a perfectly realistic target to achieve in the next 2 to 4 months. Hopefully then 2p and beyond next year. The BOD have new warrants in place at 1p, so I would expect that their target for this year is 1.5p to 2p so that they can exercise their warrants at a decent return etc.
Plenty of news and multiple RNS’s expected over the coming weeks.
A great Interview by Peter and Brett on Proactive.
Like someone one said the other day, once we recovered a bit more and we’re back to a Mcap of circa £20m, there will be a lot of interest; everyone will want to buy shares when we get back to a penny. Good luck all
For Info:
https://www.mining.com/web/jp-morgan-sees-commodity-supercycle-already-kicking-off/