Member Info for scott309

The CEO previously estimated 50,000t/pa fluorspar at $480/t. So, $24m revenue, say $12m profit + high grade gallium. $10m capex. The MCap looks way undervalued just for the fluorspar and gallium. IMHO, the fluorspar and gallium off-takers will be all over this to mostly finance the capex. Then onto the rare earths project with financing from the US. The MRE should be worth waiting for as I'm sure they will give production estimates for the fluorspar and gallium with a 6 month DFS to follow and, all being well, production in early 2028 (probably later than the CEO has estimated, i.e. mid/late-2027).

MP looks way over-valued on recent quarter results, but perhaps they're in the early stages. Pensana seems to be comparable in terms of future production, but at a fraction of their market cap. Any thoughts on a reasonable valuation for Pensana - $2-5bn?

Just Googled it - $5000 to $13000/tonne. So, taking an average, that's $180m to Pensana!

Correction - How much does a tonne of MREC go for?

The news seems highly significant, but not much market reaction so far. How does a tonne of MREC currently go for?

Many thanks for the notes of the meeting, Scotpak

CYB, You're correct, he definitely said he was being forced to stay suspended against his wish to return to the market. I was there and he was speaking very quietly at times, so no wonder many didn't hear what he said.

There must be significant penalties for walking off site and terminating a contract. So, if Corica decide to proceed with legal action, they may well lose and face costs and penalties, which may take years to resolve.

Evraz, the ownership is something like 90% at Yanfolila with the government having maybe an option to buy another 10% and at Kouroussa it's something like 85%, but still stunning prospects for the near term. Clarification of the ownership is difficult to find on the website, but I'm sure others here will know for sure.

Goldstone Resources are also in twice and 90 to 147 appear to be in alphabetical order...

Happysparrow, the report you referenced didn't give any age related data and so you couldn't draw any personal conclusions from it. Like most medications there will be exclusions and in view of the speed at which the vaccines have been produced, it's understandable they haven't got the exclusions right. The vaccine is risky and it may be right for you not to have it, but If you're over say 75 with a weak immune system, you wouldn't call it independent thinking not to take the vaccine. You really need a PhD in immunology or virology to have a truly independent view on the Covid vaccine - even then a lot of them will put out total nonsense on youtube and elsewhere - trawling the internet and drawing conclusions from inconclusive reports doesn't really do it.

SC are a big drag on the SP as it was for AAZ when a major shareholder decided to exit. Then you have the drop in grades, but both are relatively short term headwinds. SC should be off the radar very soon (< 3%) and completely out in 2-3 months. In that time frame Hum becomes debt free, updates the Yanfolila resource model with new drill results - there's clearly a lot more resources around, probably gets the mine permit for Kouroussa and reports exploration for Dugbe.
Unless you're into short term trading, probably best to ignore the 'noise' for a month or 2.

At least there's a vaccine for Ebola now and experience in containing it, so shouldn't be a problem for Kouroussa.
Hopefully they can contain it and minimise the spread. Covid is probably more of a problem in Guinea.

'The reason for the gold/precious-metal drop is the US treasury bond yields leaping to the highest since March.'

Rich, that doesn't seem credible, the dollar has hardly moved but gold has dropped about 5% in the last 2-3days.

We've seen 3 or 4 significant $30+ drops within a minute or 2. It looks more like an algorithm forcing out stop losses and then buying back in.

Yes, probably naive to think illegal payments or deals outside the Takeover laws would be prosecuted......

Maybe on the same terms......otherwise it would prejudicial to accepting a low-ball offer...-I'm not a lawyer, just on common sense observations.

Sands, you said 'if DB gets offered a golden handcuff deal'
That would be illegal in a takeover scenario.

I think there's a legal requirement in a takeover to treat all shareholders equally. So the bidder can't go round offering incentives to one or some major shareholder(s) but not other shareholders.

The margins in the travel and hospitality sectors were miniscule before Covid in comparison with gold miners at even $1500/oz. A lot of them were in trouble before Covid - remember Thomas Cook?

It would surely be against LSE rules, i.e. illegal, to do a placing whilst in possession of inside information, especially favourable FDA minutes/decision?