Member Info for Tex2374

Even after yesterday’s reset on Covid stocks, I hope most are still materially up as most have multi bagged this year.

The good news is that after yesterday’s almighty sell off, there is more money around looking for a new home. Maybe some will make its way to SYME.

Hindsight is a wonderful thing, Seadoc.

LOL... sure Spotify. I will try and only pop in only ‘occasionally’ now.

It’s been walked down by the shorts. Check out the cash position and revenue. Debt is now sorted till 2024 (see last month RNS).

65%+ reoccurring revenue and finally they may get into a single platform aligning internal systems.

Highly profitable and cash generating even with a declining top line.

If their fiscal year end was in line with expectations I would hope that the divi is reinstated. Have a look at previous divi paid. The profit has not fallen off a cliff so if they reinstate there is nice upside from £2.50.

+15% in the last two days so the shorts will be getting nervous now. But of course DYOR!!!

Sorry for posting this here. Let’s end the MCRO thread now. Plenty on views on their BB

Haha Wolf! Good long term hold for your portfolio.

Check out MCRO as well.. insanely undervalued.

It’s not going to 10 bag, but has good short medium longterm upside from £2.50 and also I hope they reinstate the divi shortly which will give it a great push north.

Given your apparent ability to pick prime stocks Obelix, I am pleased to see you loading up on JAN! !

Jonesrichard, 26p in a year ! Come on, seriously? As for the guy who crunched the numbers, it makes me think of a well known quote (guess the film)... :-)

“Theoretical physics can also prove that an elephant can hang off a cliff with its tail tied to a daisy! But use your eyes, your common sense.“

Hey Lucky how are you?

for what it’s worth, things will probably get bumpy in the coming weeks. It may be worth switching off for a while on this one! I loaded up on .37 but I think I should have taken it in chunks over the coming week or so... oh well these things happen.

There is zero point in SYME releasing another “PR” RNS, if they did it would decimate the share price. Until there are tangible numbers, names, plans then no news is good news. It’s a waiting game which won’t be a problem for some, but will be for others.

On a positive front you will probably find this board gets a lot quieter and more orderly as the get rich quick crew get frustrated that the share price is not rising every day.

Tex

All good here Ob, hope you are the same. Glad it was a flatter day for you on the COVID stocks.

For those interested....this is the reason for the intermittent chat service on LSE.

Today 17:10
"The high volume of market data we're seeing and being sent is causing problems elsewhere on the website. Share Chat being turned off is to minimise the on-site issues for members and to keep live data running so people can still trade. The fix we're looking to implement is close to being finished, to prevent the website from having issues when we see a large increase in trade data. We can only give our apologies and say we're doing everything we can as quickly as we can to get it fully resolved. "

Good to get the ValOre update out and maintain our head above 5p...

One day closer to the first set of new drill results. The share is clearly ready for its next move up, we just need the impetus! Lots of news still to come in the run up to 2021.

Tex

There is a super fast test.
It is on track.
It is fully funded so no raise required.
It is one of many plays the company has.
The MCAP is sitting at £11m as of today.

This is not a one trick over inflated company which required placings to deliver anything.

Personally, I am happy to see an RNS. I am sure there are many holders in other Covid related stocks who wish they had the same! Still a punt, but I am happy to continue to hold this one and see what happens. High risk and high reward, but the signs still look very positive!

Tex

Braveheart now expects that the forecast cash costs of this project can now be met in full by Braveheart without the requirement to raise any funding from other sources.

Happy days!

I expect we will see today's Valore update confirmed in a JAN RNS in the morning:

http://valoremetals.com/news-media/news-releases/2020/valore-reports-further-encouraging-metallurgical-testing-results-from-pedra-branca-pge-project-91-palladium-recoveries-in-cyanide-leach-and-82-platinum-recovered-in-32-mass-in-gravity-sort

“We are extremely pleased with both the high palladium recoveries achieved with cyanidation tests and the gravity concentration tests which showed more than 80% of the platinum recovered in 32% of the mass,” stated ValOre’s Chairman and CEO, Jim Paterson. “These favorable and complimentary results significantly increase the optionality related to future development of the Pedra Branca project and they provide real impetus for ValOre to continue to perform tests to optimize conditions and improve metallurgical recoveries.”

Highlights from Cyanide Leach and Falcon UF Gravity Tests at Pedra Branca

Hot cyanide metallurgical test recoveries of 84.4%, 88.5% and 91.7% palladium (“Pd”) were achieved;
Falcon UF gravity test work was very effective at concentrating platinum (“Pt”) with 73.3% Pt recovered in only 9.6% of the mass and 82.6% Pt recovered in 32.1% of the mass;
Falcon UF gravity concentration may serve to optimize conditions required for the Platsol™ process (see news release date November 2, 2020) by favorably rejecting acid-consuming minerals, and consequently, three subsequent Platsol™ optimization tests have been initiated.

After the Covid stocks lost about a third of their value today there will be a lot of money looking for a new home in other sectors....

Tomorrow would be great timing for some drill results and something to make some real noise about!!!!!

Just following on form the thread on vanadium demand increasing via multiple drivers, this is just one of them tweeted by JAN..

https://oilprice.com/Energy/Energy-General/Are-Vanadium-Flow-Batteries-The-Future-Of-Utility-Scale-Energy-Storage.html

Hi Obelix,

I wouldn't like to speculate who we will sell to, the easiest option would be we just Partner with someone.. maybe a large Canadian Vanadium producer :-)

China is an obvious market given the increased Vanadium requirements forecast for steel and then the growing VRFB
and green energy storage market. However, as we have seen in the press, there is also a desire in the US to secure critical metals supply from friendly jurisdictions. So multiple potentials. For me the most import aspect is the future of the market for Vanadium and this is looking very exciting with an accelerating Vanadium deficit being created as global consumption increases and supply can't keep up.

In addition to the obvious vanadium play, we haven't even considered the potential phase 2 TiO2 play which we should hear more about when the PEA is released.

Tex

Swizz,
I haven't really looked at the Rhodium play @ Pedra Branca, I will have to have a read this week. I have seen prices are extremely high (and were at a crazy price in March 2020), but I don't understand what is driving that market and future demand.

Will do a bit of lockdown reading this evening!
Tex

Hi Obelix, as Swizz says I think we will have some drill results this week or next (we are now in week 5 since drilling commenced).

As for productionews and those updates, I am thinking this will be early 2021 with the publishing of the PEA. Of course, we could get news of the trial mining application being lodged, at any time. We now know that the new simplified Brazilian process takes a matter of a few weeks (let's assume it has reduced from about 12 weeks to 8 weeks) to conclude, so given the indications from JAN about Q1FY21 for PEA etc., it would make sense to have this submitted prior to the Christmas period. That said, knowing JAN I think they would prefer to inform us when it has been granted, rather than when it has been lodged!

Let's see.... Have a good week.
Tex

Morning Obelix.
Let’s keep fingers crossed for another solid week of trading. You never know, we may get an update!
Tex

It’s a complete punt...but could pay off handsomely long term, Dufry. I invested Friday and will add some more on the dips.

I guess I’m a little frustrated having spent too much time trying to sift through 500 posts and find the valuable ones, amongst the ‘unicorn’ rubbish and one liners around share price predictions

Not wanting to be a ‘fun sponge’ I will zip it now :-)
Tex