Member Info for swinger

makes no sense to be at 9 million market cap. even if you offer a significant discount to the post tax 200 million NPV (160 GBP)- more than 16 times current SP. say we discount it based on risk, and the fact we need funding etc. How about 20 percent of that value and a market cap of about 32 million thats still a 200 percent increase. Thoughts?

whats the reason for such strong pull back from 0.17p on the MOU news. now its 0.08p.

The study envisages a project with a minimum 8.5-year mine life producing an average of 220,000 tonnes of 6% spodumene concentrate per annum.

Recoveries are expected to run at around 71%, based on laboratory metallurgical recoveries of 75%.

Life of mine revenues are expected to exceed USD$1.4bn, with an initial concentrate sale price of US$680 per tonne.

Kodal plans to build a two million tonnes per year processing plant utilising a conventional flotation circuit to maximise spodumene recovery:

The estimated cash costs ring in at USD$431 per tonne of concentrate and total capex is set at US$117mln plus contingency.

It all adds up to post tax net present value of approximately US$200mln, and an internal rate of return of 58%, or 51% post tax.

Similar to me, I bought about 2 years ago at 5p on shell announcement. Managed to buy more at 0.65p but still my average is above 2p.

Might see a profit next week!

Only because of the huge rise AAA had and VELA now too.

The buy will show later as a delayed print.

Is this not a huge buy out target now?

I mean its valued at 9 million and has a MOU with a 67 billion dollar company

Also Kodal Minerals noted that the LoM revenue exceeds $1.4bn over the 8.5 years - thats about 165 million dollars per year and the market cap is 9 million.

A cheap buy out at say 30 - 50 million? if the project is as good as it looks?
https://www.mining-technology.com/news/kodal-minerals-submits-mining-licence/

I was looking through this and picking out a few key parts from 2011 - http://resourceclips.com/wp-content/profile-assets/cnl/Pres_2.pdf

This was sold for 1.4 billion CAD is potentially of a similar size to Anza.

From first look some of the grades look similar and the area is also of similar size. 310KM for Buritica and 230KM for Anza

The mineral resources for the Buritica Gold Project are estimated at 1.1 M tonnes at an average grade of 17.8 g/t Au, 42 g/t Ag and 0.8% Zn for contained metal of 0.63 Moz Au, 1.5 Moz Ag and 18.7 Mlb Zn in the measured and indicated category; plus 6.9 M tonnes at an average grade of 11.4g/t Au, 43g/t Ag and 0.6% Zn for contained metal of 2.5 Moz Au, 9.5 Moz Ag and 88 Mlb Zn in the inferred category. This is the maiden resource for this deposit.

It would be good to see someone with knowledge on the grades take a look at Anza drilling vs Buritica. The report will take some time and then compare to Anza grades but it seems to have some fantastic grades like Buritica listed on todays RNS and on the website https://www.orosur.ca/images/TECHNICAL-REPORT_ANZ��-FINAL-24_01_2019.pdf

It could get exciting over the next couple of years when Newmount help to progress this.

Just resubmit the questions from last year or the year before. It will be exactly the same.

(yes I am a bitter shareholder)

I know we have some great shareholders but now we have reached 100 million market cap wouldn't we be on many more funds list to buy a stake?

Still has the making of a Billion dollar company if all goes to plan.

If EUA can 50 bag and reach 700 million why can't we at least 10 bag to 1 billion? who knows but fun to be here now

You say only 17 billion shares!

I have never seen anything like it.

Then they will have to consolidate the shares and do it all over again.

100 million dumped today so another 20 x 100 million sells over the next week or so then they can get more shares! The BOD are a disgrace

If EUA can be 688 Million why are we 88 million?

Its now my second biggest holing with the rise, average sub 4p so am happy but still expect double figures soon enough.

thats about 350 million shares so not huge but nice. If the BOD canceled this death spiral this would fly. However another 2.5 billion coming next month so not happening yet.

No selling this week though as they don't have the shares until the 2nd of Sept.

If I win the lottery tonight I could buy ICON and fund it.

Banks would not touch this!

But surely a PI fundraise - 500k at current price with warrants? stop the death spiral

The fund are selling at this level and will keep selling until they are at 0 and then they will get more. They got these at 0.007 and do not care about the price. Its death spiral financing - AKA Free money for the fund.

It does make me angry that the BOD can do this.

The fund are taking the P as they were sitting on a 100 percent profit for 1.8 billion shares and even now its more than 50 percent up from the 0.007p they got the shares for.

130k doesn't even cover the BODS wages and its 1.8 billion shares, utter disgrace from a joke of BOD. Its a shame because you can see the potential in this space! traders will pump this again in a couple of weeks once the fund is out and you need to be lucky to sell on the rise as they will get another 2 billion shares next month!

100 million sold earlier, guess the fund selling hard today too Bounce again then once they are out? until the next 2 billion in a few weeks

The thing is they have another 10 billion or so to convert after this then ICON have the option to extend!

I guess we will have the record for most shares in issue soon.

Funding is on its way. Tony has said as much lets give him another 2 months and if nothing I will agree with you and exit.

its hard to keep up with the 0.00 part.

I have never seen anything like it.

Could they not cancel it and do a normal fundraise? Or see the management fund a 130k? maybe I am missing the point buts it was 0.0025 to buy today now it has halved!

is that 1.85 billion shares for 130k? so thats 0.07p conversation price?

how far does 130k get you?

What is going on

Great news, The company always seem to make progress but the share price has yet to reflect this. This should be the start.

Far more buys than sells that’s a fact.