Member Info for SlurmsMckenzie

I'll leave predictions to the traders.

Did you read the tweets in the correct order this time? Was it really worth tweeting about. Especially out of context?

Did you miss his prior post giving it context from a trader's perspective?

https://mobile.twitter.com/SimonSaint3/status/1538939912094883841

Oh

Erm thanks

I'll try again. I really should stop drinking white lightning for lunch.

"1p incoming " wasn't it ? he said or words to that effect.

1p incoming wasn't t he said or something like that.

https://www.lse.co.uk/rns/HZM/proposed-us633-million-funding-package-ggkw8jeppm8k671.html

The 25 million cost overrun figure is for a specific facility isn't it? Actual contingency far exceeds that

"· US$25 Million Cost Overrun Debt Facility ("Proposed Cost Overrun Debt Facility"): Orion is proposing that a member of its group provides the Proposed Cost Overrun Debt Facility to be used, if required, for the construction of Araguaia. The Proposed Cost Overrun Debt Facility is subject amongst other things on definitive documentation and would form part of a total of US$99 million in dedicated cost overrun funding and contingency funding for the Project‘

Wow did not see that next move coming

You're not interested in my yes answer though, I already know which way you want to spin this, it's like a very dull game of chess.

Yes a director has bought in

1) I told you this last time you asked
2) it's In an rns and this site has a director dealings page you can visit.

Having read the RNS in full now (yes I should have done that this morning). There is no doubt in my mind now that the 50% referred to as being on budget is the money that has been spent. There is *not* a remainder 50% that is over budget

”As at the end of April 2022, the Company had awarded contracts totalling US$204 million with a further U$66 million of contracts to be awarded imminently, on budget. In total this represents approximately 50% of our pre-contingency project direct capex.”

As Jezza went on to say this is "a very positive result."

Shear class I'm not sure exactly what that statement means from the company, it's a little ambiguous to me as to whether or not JM means fifty percent of the capex so far .. which is what you and a lot of others have read it as or 50% of the total capex with more to be spent later ...

Dunnarunner?

I'm sure it's just a mild reshuffle.

You've mentioned this before, I'm not propagating the subject title .

There is no reason for it.

Sorry to sound rude (even by my standards) but you're flogging a dead horse here. Other people have given far more eloquent answers to the same concerns you raised a week ago

I was wondering the same thing myself. I don't think they're done. I also think they were smart enough trading wise to take a break from pumping up the price for themselves.

I'm right.

Didn't realize you'd bought in, I knew you were thinking about it

Do you have any workings on why you think there's even a remote need for dilution? I look at the balance sheet and struggle to see any need for dilution.

No need is there.

No.

Any theories as to why the price is behaving the way it is? I'm mildy surprised.

Awesome news well done all.

It's taken nuts of steel to hold

You were however right to point out macro could change very easily.

Imo macro isn't a risk as by the time the mine is producing a recession is likely to have been and gone.

It all depends on execution which is fully funded with contingency.