Member Info for Simon_Said

Lol this is what happens when people don't have a broad enough watch list!

Look around, AIM volumes are tiny right now. Holiday season.

At these kind of volumes you can't really talk about 'pressure' in price, it's just 'drift'.

But with drills stacked for the rest of this year, there'll be plenty of fuel for this one. Plenty of AIM punters have yet to cotton on, off chasing more conventional drillers with do-or-die drills rather than this diversified, smart little fund-like company. They'll be here when the relentless drilling RNS's get going which is very much imminent for this H2.

Drilling events for this company are well-defined and cover the rest of the year. People who can't wait beyond next week will be the sort who lose money most of the time anyway!

AIM is sleeping right now, very little going on across the board. At least here there have been lots of reports of a lack of stock available, so a large buy could be being worked too.

Regardless, really the short term isn't very important, there are value-creation events stacked for the months ahead.

Great news for EMH, because if Babis has ambitions like this for the EU, he absolutely cannot get involved in nasty state arbitrage taking over assets from private entities by force.

No coincidence that we've just had confirmation that laws won't (couldn't) be applied retrospectively and any deal with Diamo will be on a commercial basis.

The political shenanigans just got 'even deader'. Great stuff.

There are 3 companies associated with this business. ERC EQUIPOISE LIMITED Company number 03587074 ERCE LIMITED Company number 11316227 ERC ENERGY RESOURCE CONSULTANTS LIMITED Company number 02838429 Only one of those shows the resignation dates you mention, Persimmon, and no thanks to you for any help on this wild goose chase. Learn to use links. The officers in question appear to have been inactive since 2015 yet retained nominal positions and shares until May. So? Meanwhile, I'm sure you're going to avoid any mention of why you think this has any significance at all. You'll intentionally avoid it because you know it's incredibly spurious and indeed libellous, since you're accusing them by inference of lying in figures which were used by a public company in a public statement, which would likely be prosecutable on a number of levels. But you'd never say that, just 'Just saying...' like a wimp.

Unlike you, I can post links. https://beta.companieshouse.gov.uk/company/07371513/officers 2015. Again.

Definitely a buy, the sell price hasn't been up there this week. Someone has confidence.

Very interesting Myst, thanks for bringing that one back from the archives. All these numbers need refactoring given the lower processing costs and improved lithium recoveries, as well as potentially scaling up the tin production. Also are we still looking at the same amount of the total resource or will the DFS cover a larger area?

Hello Robin, been a while! Hope life finds you well.

'Overly' was how I took the market's response to the PFS, not my personal opinion. The mine is too large to illustrate overall extraction in one deal, as you say. The assumptions around the processing were also conservative but based on realistic numbers and strategies at the time, which have since been significantly improved.

The market expected more from it and the SP reacted badly. However the DFS is shaping up to be a very different story, as the admirable work on the process flowsheet and metallurgy continue apace.

Observe that more broadly AIM is pretty much asleep at the moment, little going on with most shares. Also this was a very technical update which those of us who are used to this company and its plans can digest (at least to some reasonable level of understanding), but to most PI's it's just technical jargon (albeit with a glossary provided!). As we've seen this stock can move very quickly, and not always requiring news to do so, but I think formal acknowledgement of an end to the political shenanigans by the CZ gov will be the first of the big SP booms. The really massive one will be the DFS, which we can already see is shaping up to be absolutely stonking.

Those 2 catalysts are both corrections to previous dents in the share price. The price was moving healthily until the PFS which was overly-conservative (and only used a small part of the mine) and dampened expectations. This is rapidly being corrected with these technical updates which will culiminate in the DFS. After the MOU it started rising hard, falling off when Babis ****ed on the party, and this too is being corrected as we have heard the new laws they are creating as a result cannot and will not be applied retrospectively.

The other potential catalyst is an offtake agreement, which could happen at any moment and of course becomes more and more likely as the 2 risk factors above become increasingly redundant.

Just finally had time to actually read that RNS the whole way through. I cannot recommend it enough. It's too long and detailed to have somebody on a forum effectively summarise it for you, spend the 10 minutes going through it. Made me feel very good about my investment here.

A strong focus is the huge improvements over the PFS in several aspects, really whetting our appetites for the DFS. As I've mentioned before, the way the company has made huge strides on the technical aspects of the project while the political shenanigans were going on really brings to mind the Rudyard Kipling line:

'If you can fill the unforgiving minute
With sixty seconds’ worth of distance run'

First time in 3 years there hasn't been an 11th July trading update. Could mean they're waiting on permission from a partner to include something with the update. As anyone who has emailed Bango lately will have found, the company talks a lot to investors about waiting for partner permission to announce new deals.

Actually looking at the date, last year was 11th July so potentially tomorrow!

Any day now Keith, it is due any time this month.

If you think about it the current performance is actually very impressive. The company has managed to significantly expand its asset base, preserving considerable cash to this day, printing quite a lot of new shares, yet the share price itself has remained quite solid between .65 and .72. This means the company, now with a much larger asset base, begins this operational phase with the share price still solid despite the new share printing - that's very impressive. And still no debt at all, and not a single one of the assets has started producing yet, so everything is still to come.

For those new to investing, if a company prints new shares but the share price stays the same, that means the market cap has risen. I'd like to see a big return on my investment, but to be clear, the fact that they've brought up the market cap whilst expanding their asset base and accruing no debt is a very healthy sign. And the market cap remains very low, which is the principle appeal of these shares, relative to the value of the assets they have acquired once unlocked.

Do either of our resident trolls have anything specific to say about the company's projects or are you merely here to make asinine comments about share price movements with no context or insight?

'Following two successful fundraisings, and three completed deals to date, Reabold has been laying the grounds for an extensive and diversified drilling campaign. We are now about to enter a period of back to back drilling news flow, with at least 6 wells planed over the next 6 months, with several being potentially transformational share price events. We re-iterate our BUY recommendation and outline the key wells in this note.'

Tantalising stuff!

Absolutely Ant. People like Myst and yourself taking time to post useful summaries like that make huge impacts on illiquid shares like this.

The good news is here now, it's just not been RNS'd (it's not technically company news so doing so would be optional and KC plays politics very quietly). So this is what forums are for! Good on you mate.

I expect next week too, could be a week's flex one way or the other.

Excited for this one, given how much has been going on.

Sidenote: Bloody glad I bought this morning's dip.

Weird sudden selling spree on nothing. I just bought the dip, why not!