Member Info for samval2403

Emotions look like they've been running high here the last week or so.

Seed performing poorly against a market that is doing the exact same; in a lot of cases worse. Stock priced at basically the Leap NAV, for me now is as good a time as any to start believing something good can happen to this fund in 2022.

Battery metals could be worth nothing.

With the clear cost increases we can see in this PEA what might the break even rate be? $20k tonne Nickel? Hard to take that chance when it's not spent a significant amount of time above that price for a long time.

I haven't done the DD to say anything with confidence on them. Just pointing out the bear case.

£1.50 fully diluted is over the full NPV in the PEA. £200m, $250m. Take $50m off for the battery metals and you're still at $133 per Oz at that valuation.

Yes the battery metal resource has significant value and junior lake has plenty of room to show it has more ounces but no one in their right mind pays that much.

Would love to be wrong of course.

BH needs over 60p to account for the time value of money JH.

I'm not sure what this goes for, for me that price range is now my new minimum expectation. Have low expectations and never be disappointed was something a wise man once said to me.

Upper end I'm less certain, PEA gives no credit to the 1/2 million inferred Oz. Of course they'll add more than 50% to the NAV in theory but we don't know the figures. I always thought this would go for somewhere between 80p and £1 a share, still have that as my upper end estimate but I make my decision on whether I'll retain a stock on the bear case.

My bear case here is investable. The truth is more likely to come from one of the geologically inclined folks on here than me though so take my opinion with a few pinches of salt.

Stand by £2 being fairytale land 100%.

£2 was fairytale land.

£1 was realistic before the large cost increase assigned in the PEA, resource 50% bigger than the last PEA with a very similar NPV. Multiple companies in Autumn got £100m per million Oz gold, it could well be on the table still at Junior lake. The company is shouting all the time about the exploration potential, that gets priced in in if there are multiple bidders.

The investment case still strong here, broker targets generally conservative. 70p sale is two bags from here, what's not to like.

I believe it's that price for the whole company Grenade. Fully diluted 30% of the post tax NPV is 41p a share.

Company up for sale, definitively confirmed. Assuming gold doesn't crash it sells absolute minimum 2x today price for BAM imo. Sale shouldn't take longer than a year even if they wait for full PFS.

Easy buy and hold for investors, imo at least. Even taking the blue sky case out after my NPV expectations weren't met, this can be worth 50-70p a share in 12 months (I've always tried to keep my expectations closer to the lower side). Investment case still very strong here.

How on earth these guys managed to raise at 10p with that revenue is mind blowing. This has the valuation of a high growth tech company when they operate in a competitive, low barrier mixers market.

There are enough AIM dogs having big moves these days that illustrate that if Seed have a big enough NAV move the SP can follow.

That's why we're all here, at 4.5p to sell risk Vs reward has to be on our side. Even if some big seller seems to feel otherwise.

You're far too cultured for me Nice, I can just about appreciate a decent IPA or Islay. Tbh I don't think they're off to raise before PEA, never off the table though.

JH on your point it's wise to appreciate the good and the bad that can happen, Nice is really nice enough in his observations for the majority of his comments. UR is much meaner (still the number 1 here of course but he can be a little stern).

Keeping your mind open that things aren't always sunshine and rainbows means when the rain comes, you've already popped your coat on, you can handle it better.

Could be going over for a raise.........

Obviously I hope not but possible right?

With pictures ha.

It's a good thread Doggo, thanks for posting. Hopefully finds its way to some potential new investors.

The Sprott 'story' isn't a story it's a theory.

Anything other than Gold or Nickel drilling is spreading the company resources thinly and a bad ROI at today's SP. 1 asset sale is key to maximising shareholder value. Segmenting raised funds ruins shareholder value at today's SP.

If no assets are sold and no one wants BAM at 1.5moz then BAM needs to get bigger.

One of the big ones for me with the distrust here is you know that if there was somebody who could come in and take a large piece at low value; or even take the company over for the NAV, Ed will be fine.

Ed has got all his research / contacts whilst Seed CEO (mainly before) that once any mates rates deal is concluded he can go somewhere else to make his money and probably have significantly more equity in it.

Also someone on the board backing it up with their own cash... Lol. Seed board members don't do that!

I know Barwick. It'd be a laugh though, and Matador is probably the only one here that could be trusted.

If you guys could band together and get Matador on the board that'd be fantastic!

Thanks for the summary board.

Shorting can be downright cruel sometimes. Good luck to everyone in here, and fingers crossed on the ramp up in tests conducted.

Hi Board,

I looked I to this last year and thought it sounded a cool business, nearly £1k a test and the market liked it a lot.

I've also seen that things aren't moving the way they'd like to in America.

Why has the SP here taken such a battering is my question? Anyone got any theories?

I'm mainly curious here, thanks for any thoughts.

Of course another presentation would be a good thing because it's exactly what they will show to investors.

It'd be nice like UR was saying the other day if we didn't even get to that point.