Member Info for TheBasher

@elcobbledore

Take a look at FRG (this looks like a real gem and some of my KOD profits have gone here), KZG and now surprisingly IRON.

GWMO are also tantalisingly close to gold production, but I sit on the fence on whether there will be another fund raise to finish the plant/operational costs.

And this morning a steady stream of mid-sized trades coming through, with an encouraging 6.75% rise:

01-Nov-24 09:09:34 4.85 206,001 Unknown* 4.60 4.90 9,991 O

01-Nov-24 09:09:17 4.70 212,575 Unknown* 4.60 4.90 9,991 O

01-Nov-24 09:06:42 4.70 250,000 Unknown* 4.60 4.90 11,750 O

01-Nov-24 09:04:34 4.55 200,000 Unknown* 4.60 4.90 9,100 O

01-Nov-24 08:59:21 4.55 164,965 Unknown* 4.60 4.90 7,506 O

01-Nov-24 08:32:30 4.6467 175,000 Unknown* 4.60 4.90 8,132 O

My decision a few days ago to take some profit out of KODAL (prior to anticipated news on the license transfer) and redirect the funds here seems to be paying off - I was concerned that I would miss KODAL's next leg up, but the License Transfer RNS this morning was not as rosy as some would have hoped and it's currently down 3.48% today.

The Firering presentation on Investor Meet Company is worth a listen. Revenue is imminent:

https://www.investormeetcompany.com/meetings/investor-presentation-730

A very muted response from the market re the MOU, possibly because the Mali govt share of profit has increased so significantly, and lithium prices are still so depressed. I would have thought the EV incentives announced in the Budget may have had a positive impact too, but there we go. When I saw the RNS notification about the license, without reading it in full, I thought I had missed the boat about re buying the shares I sold to invest elsewhere, but the devil is in the detail, plus this is an MOU, not the actual transfer.

A big trade towards the end of the trading day indicates someone with deep pockets wants in:

31-Oct-24 15:27:46 0.8955 7,817,308 Unknown* 0.90 0.91 70.00k

(I am assuming it’s a buy order being filled at a discounted price based around the price quoted at the time of trade of 0.89/0.91).

Https://www.bluestarhelium.com/wp-content/uploads/2024/10/61234480.pdf

Highlights Galactica/Pegasus

▪ Landmark farm-in agreement executed with Helium One for a 50% interest in the Galactica / Pegasus project.

▪ Helium One to pay US$1.5 million to Blue Star on completion of farm-in and fully fund the drilling of six (6) development wells at Galactica (Phase 1 of the broader Galactica / Pegasus development).

▪ Blue Star to remain operator for the project with first helium production from Galactica / Pegasus expected during H1 2025.

▪ Blue Star continues to advance a plan of development to monetise CO2 (up to 70% concentration) gas that flows from the reservoir in addition to the helium.

▪ Potential CO2 gas stream offers substantial enhancement of Galactica / Pegasus project revenues.

30-Oct-24 09:32:31 4.51 937,000 Unknown* 4.20 4.60 42.26k

That’s no small change. Let’s see how things progress sp wise over the coming weeks.

You misintrepeted my post. I am not saying i would wait for the license - but currenly up 25% on another investment using the money I made off KOD, and hoping for more BEFORE the license lands so that I might (with the wind in the right direction) jump back in with even more free money. If I miss it as I am making good return elsewhere, then no worries.

Having originally planned to hold ALL my KOD until the end of the year, this morning I decided to sell 50% (all profit) to add my to my small holding in another AIM company that has the potential for more significant near-term returns. Fortunately it is already 15% up, and continuing to climb today. Depending on timing and price movement of both companues, I may buy back in to KOD to the level of my original holding to catch the rise that I do believe will happen once the license is resolved and production starts.

Having taken a small position a couple of weeks ago, I bought more this morning on the pull back from the early rise. That buy is showing as a sell:

30-Oct-24 10:37:25 4.577 91,502 Sell* 4.50 4.70 4,188 O

And like the comments on here this morning, this looks like a very good opportunity with an imminent rise to recent highs likely very possible in the short term, let alone what might happen next year.

Https://youtu.be/nNbXoJnwrw0?feature=shared

https://youtu.be/K6ozldLQ7lk?feature=shared

It’s the same with so many AIM price movements. No big trades to warrant a 7% drop today. I don’t see this as a slow drift downwards due to lack of interest or because news is a long way off. In fact, quite the opposite. There could be transformational news incoming, and soon. So, will there be some big buys coming in shortly after an order level has been triggered at this (orchestrated?) lower level? That might explain it. If so, we may get a pretty swift reversal to head back towards the 0.1 level, as has happened recently before.

@laverda

Try this

https://simplywall.st/stocks/cn/materials/shse-601969/hainan-mining-shares/news/is-hainan-mining-shse601969-a-risky-investment

Just click the link for the news item. It does mention cash in bank vs debt, therefore the balance of liabilities….

And I posted not to make a point or offer an opinion either way on whether or not Hainan is in a solid financial position, but just because it added context to the discussion on Hainan’s SP.

I’m a holder here since 0.2 and continue to hold until the end of the year for what I think will be better return then I have at the moment.

@zippernipper

To be fair, all retail investors in IRON were misled and told multiple time via RNS (not rumour or rogue news reports) that IRON had secured financing. I don’t think it’s appropriate to hold Fortitude to account for being positive on IRON.

I refer the right honourable gentleman to my post on Ironveld a couple of weeks ago, which includes an interview with the then CEO Martin Eales:

I hold one dog of a share that is 99% down and I will never sell it as it reminds me daily of what can go wrong, and that you should never invest on AIM more than you can afford to lose. I didn't for one moment think that Ironveld would become another reminder as I sit on a 96% loss. And I had good reason not to think it would.

I have been a holder since 2017. Of course AIM is a gamble, but after all the mine and processing developments, promises of funding, I expected some hurdles, but not obliteration which is what we seem to be facing. The obfuscatory news on funding was, and appears to continue to be, relentless. Does anyome remember the IG interview with Eales (the then CEO) in October 2021 after the SP rebounded almost 100% in one day on the news of imminent funding? If you can stomach watching it, click here: https://youtu.be/YUvQwl9MfUY. "The sky's the limit"... Yeah, right, and then "Its though the market doesnt believe it". And that was the clue. Lesson learnt: Follow the money, not the talk of money.

And what happend to the non-binding term sheet earlier this year from a South Africa-based financial institution regarding asset-level financing of mining and smelting activities at the high-purity iron, vanadium and titanium project? Apparently funding would allow it to invest in all planned operations, including transition to production of high-purity iron powders. But of course "non-binding" is the get out of jail card, but by then the value of my holding was minimal and not worth selling, and with the exit of Eales and the announcement there was hope.

But now fast forward 8 month and no news, no updates, no leadership comments from either Wardle (Exec Chairman) or Andersson (CEO).

Come on Ironveld, you've now got a highly experienced and succesful CEO at the helm - give the shareholders some respect by providing some straightforward, clear information, be it good OR bad (it couldn't get much worse). That's the least we deserve.

Courtesy of Simply Wall Street:

https://simplywall.st/stocks/cn/materials/shse-601969/hainan-mining-shares/news/is-hainan-mining-shse601969-a-risky-investment.

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We note that Hainan Mining Co., Ltd. (SHSE:601969) does have debt on its balance sheet. But should shareholders be worried about its use of debt?

Why Does Debt Bring Risk?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. When we examine debt levels, we first consider both cash and debt levels, together.

See our latest analysis for Hainan Mining

What Is Hainan Mining's Debt?

You can click the graphic below for the historical numbers, but it shows that as of June 2024 Hainan Mining had CN¥2.26b of debt, an increase on CN¥1.63b, over one year. However, its balance sheet shows it holds CN¥3.24b in cash, so it actually has CN¥981.7m net cash.

debt-equity-history-analysis

SHSE:601969 Debt to Equity History October 28th 2024

How Healthy Is Hainan Mining's Balance Sheet?

The latest balance sheet data shows that Hainan Mining had liabilities of CN¥3.80b due within a year, and liabilities of CN¥1.14b falling due after that. On the other hand, it had cash of CN¥3.24b and CN¥1.07b worth of receivables due within a year. So it has liabilities totalling CN¥631.6m more than its cash and near-term receivables, combined.

Given Hainan Mining has a market capitalization of CN¥14.2b, it's hard to believe these liabilities pose much threat. But there are sufficient liabilities that we would certainly recommend shareholders continue to monitor the balance sheet, going forward. Despite its noteworthy liabilities, Hainan Mining boasts net cash, so it's fair to say it does not have a heavy debt load!

In addition to that, we're happy to report that Hainan Mining has boosted its EBIT by 63%, thus reducing the spectre of future debt repayments. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Hainan Mining's ability to maintain a healthy balance sheet going forward….

Https://x.com/sharrond62/status/1851201477949206878

https://finance.yahoo.com/news/uranium-etfs-surge-big-tech-191100986.html

@cloud

Yep, I suspected that would happen while we wait for official news. The volume of trades doesn’t justify a 6% drop today so you have to ask what the reason might be (and I for one don’t think it’s because there are rumblings of anything negative - in fact, quite the opposite is just as likely)

Reported for spamming multiple boards with same or similar message.

This is something I posted on the KOD board when people kept going on about there is always a buyer for every sell and vice versa. Of course there is. Its called a Market Maker.

https://www.investopedia.com/terms/m/marketmaker.asp

KEY TAKEAWAYS

- A market maker is an individual participant or member firm of an exchange that buys and sells securities for its own account.

- Market makers provide the market with liquidity and ensure its ongoing functionality.

Brokerage houses are the most common types of market makers, providing purchase and sale solutions for investors.

- Market makers are compensated for the risk of holding assets because a security's value may decline between its purchase and sale to another buyer.

- They also make money on the bid-ask spread.

So when people say “there was someone willing to snap up the shares I was selling” it won’t be Joe Bloggs retail investor doing the buying, but a MM at their quoted price. The MM may or may not have someone on the other side of the trade, but their pricing and trade sizes may indicate whether or not they have orders to fulfil.

Crudely put, a MM is bit like WeBuyAnyCar who create a market for secondhand cars by offering to buy your car at quoted price, and then selling it on to either an immediate buyer, or hold it in stock for a future buyer. If there is a particular make and model for which they are getting a lot of buy inquiries, they’ll be keen to buy stock of that particular vehicle and may offer to buy, and also then subsequently sell, at a premium ie prices rise due to demand and availability of stock. Not quite the same, but you get my drift.

Well, I havent clocked any rogue news items, but the SP is being moved south anyway. on very little selling pressure. The markey MUST know something. Yeah right. Ooooh, I'm nervous and tempted to sell. Not.