Member Info for swest42

Genually struggling to see how its staying down here. It's the finance I know, but given that the F is in hand, I'm struggling. Underlying metrics e.g low stocks and many others mean it simply has to move soon. At pains not to ramp, but look at the bare evidence. It's really beginning to stand out now, to me anyhow. GL

Ok thanks. At risk of stating obvious to the regulars. This single MRE will represent a significant inflection point for IRR. With an asset on the table with a known value recognisable to the market, we can really fund and develop the next 2 assets, and Chad does appear to be the monster. Whether Ghana gets sold or used as a company asset to raise cash, either. This is the route as I see it.

Is foreseeable news likely to be drilling updates (which is fine); if so what's a reasonable timeline for a resource estimate.

A resource estimate from Ghana would completely answer my concerns. Thats the key to the next stage IMO. If theres something brewing to tie into London meet splendid. We'll see soon enough place ur bets.

Hedge do you have any concerns with finance? If u don't u don't, you're vastly more experienced than I and its possible you've seen this situation before with previous shares. Just wondering if u think everything is fine, or you have minor concerns, or significant ones. Maybe it's just me. Thanks

Hi Mike, I hope ur right. Not sure why u feel after next week things will move but its ur view and perfectly valid.
Moreover, I' m afraid the burning questions aver finance are not answered IMO. Perhaps that will emerge at the meeting. Geo wise very few concerns, I'm sold. Not easy to raise down at 18. Ghana must deliver because we must be south of 5mill cash now. We all believe Chad is massive. Doesn't square with cash. 15% scheme is periphery. I'm in here whatever, but clearly personally I feel there are 'questions'. I can't make London if I could I would ask in person. GL

To concur with preceding posts, my own queries (CF and couple of others) are answered. It would appear road is clear, fundamentals are in place. Straightforward buy and as ever DYOR but presently research shouldn't take u too long. Very last CF may need to push thro next week but EV narrative massively outweighs that. Ni and HZM must surely be described as hot.
GL

Understood and thankyou

Over 100M to shift. Could anyone elaborate on how 'its been resolved'. SMLs 20M were sold cheap yesterday job done. Not done here.

Just added a few more. sweet spot.
Stay sensible DYOR etc

Mike your burning questions are my burning questions.
Theres loads of progress and assets are tremendous, my research tells me that. I just want us all to be around in good enough financial shape to realise the fruits.
I'm long deep and strong. Currently the financial roadmap is inconclusive. I must be patient, I do have faith. Once I see the forward funding 'model' my rational engineer mind will be settle. Certainly a journey here, when I'm done with IRR be some sort of junior mining expert! Tremendous weather down south today Sping in the air. GL

Could I ask any reader if they are specifically versed in corporate finance to post their thoughts please.
This is addressed to somebody who probably works in the sector.
This question may be a tall order, it encompasses a particular skill set. Would be genuinely grateful.

Bozi I was wound up yesterday and it's calmed me down when you interpret matters longhand and I digest so thanks for the post.
finance is key presently because I know the geo is there in spades.
I'm nervous when anyone starts talking about more licences however great. Unexciting maybe but boring bill's must be paid, the prize is funds for Chad, once funds in place be much more relaxed. GL

I know I got in Monday and said a few good words about it but, well just got home and... blimey, expected a longer wait than this.
Still an easy hold and stand by all the fundamentals. Esp nice feeling as some went in sons JISA. GLA

Struggling to see how selling magic beans to suppliers, suppliers mind, in hard pressed risky parts of the world can be construed as a finance plan. Given its suppliers and the risk involved, they can't pay wages with golden tickets, presumably shares will be very very discounted. Theres no fools on here and not for first time I'm missing something and humble enough to admit it. I'll await Toros explain later (could u please Toro). I'm relieved it's only dropped 5%, won't be buying presently. Wheres DGR etc al in all this?

Seconded, because it doesn't sound good to me, could you add 2 and 2 longhand please, many thanks

Agree with all of that.
Its a matter of record on here I bought in Monday because IMO it was stand out buy price. Having made the preverbal 10/15% makes no odds that's not what I'm here for, Ni continues to be 'poor relation' to Li and Cobalt.
EV narrative becoming overwhelming. This has legs way beyond here. Big fat hold IMO.
PS for the traders - if you make 10% and out then each to their own its all valid, no judgments here. GLA

That'll be the rollercoaster to which you referred recently Toro, from which which I took some learning from.
I don't think it can be solidly valued by the market without (more) resource estimates. In the meantime an opportunity for the converted with the funds and appetite.

Great read, So many powerful constituents at play. As was said way back, in many respects IRR is not AIM like. AIM happens to be a requisite framework to bring together the entities. It's been tough here of late, but I'm feeling more confident, I think stars are beginning to align i.e some sort of deal.

Research done and I'm in for few tomorrow with no rush (plus a few in a JISA for good measure).
Wider Ni market with EV backdrop an attraction.
Board relatively quiet - herd possibly lost interest - I like it at that stage.

soutie your comment noted ref finance - its AIM and well .. theres always the finance.
Overall just over 2 entry robust to me as a base from here. GL