Member Info for TheBasher

@teddy-KGB2
So you are a fan of the cancel culture, with a hint of gaslighting thrown in?
In my view it’s always wise to be open to a variety of views otherwise how do we learn?
To try and discredit a contrary view by calling it the Muppet Show, or referring to people as the “herd” is disingenuous to say the least.

@marc001
As you appear to have only recently jumped in to bed with IRON, and have a 0.3p average, I’m assuming from your posts that you are not aware of all the failed promises over the last few years.
Perhaps your timing is perfect and you don’t need to worry about that as maybe this time, just maybe, the company WILL deliver on all that it has promised to deliver. BUT the reason the likes of me talk about the debt financing package for the smelter NOT being finalised is because this is EXACTLY what has happened with past deals. Promises that signing-off is imminent , and then the deals don’t happen. So our reservations as LTH’s are based on the actual performance of the board.
Many here have much higher averages than 0.3p, partly because of the promises that were made when the SP was 2p, 1.5p, 1p. so there will be a certain amount of frustration expressed on this bb.
I’ve got everything crossed that this time it will all come good.

@bankrupty
Its AIM…. it is normal . Sadly.

https://www.reuters.com/markets/commodities/lithium-still-super-charged-supply-chases-after-demand-2022-12-15/

https://www.reuters.com/markets/commodities/lithium-still-super-charged-supply-chases-after-demand-2022-12-15/

If you believe and have bought in to the ALL story then you won’t be worried about what is the normal up and down behaviour of a share price.
ALL has had a meteoric rise that typically would be overheated for a while. And yes, the market may play on that somewhat, but that could also be fuelled by the perceived presence of risk. Nothing is ever a dead cert. And in ALL’s case, the risk could well be the mining license.
Now I’m not saying that they won’t get the license (they certainly appear to be making all the right moves) but I’ve been in the markets long enough to have seen many “dead certs” not be a dead cert. No comparison intended, but ask SXX or GKP shareholders how sure they felt about the outcome of their investments. Expect the unexpected.
I still get caught out. My latest bug bear is IRONVELD - over the last 2 or 3 years there have been numerous RNS’s literally stating that funding had been agreed and they were just waiting for the money, only to find out the funder didn’t have the funds! Ok, now funds have been raised, but at huge dilution and a crushed SP which has been a major poke in the eye for my averaging down. And yes, they’ve now announced they’ve acquired a smelter for almost $0 and refurbishing it, but the deal isn’t complete because the debt acquisition part of the deal isn’t finalised. Meaningless words such as “imminent” are now common in RNS so I, and I assume the vast majority of LTHs, just don’t take the RNS’s seriously any more.
So just a cautionary tale, to share experience, and highlight the risk of over commitment in any one share.
Now, when do I buy some ALL?! The 30p level certainly looks interesting in terms of a support level…. if it gets there !

9/12/2022:https://twitter.com/ironveldplc/status/1601150961942142977?s=61&t=4aoEhdcIfnzoJnfI8UcbeA“The Board are also confident that the closing of the FCF acquisition will complete soon.”.Rinse and repeat.“Confident that…will complete soon ”.Ya de ya de ya.Change the record, Martin.Just deliver the deal COMPLETED.

I meant to say that this was NOT my intention to compare the companies! I was merely interested in the thinking behind the large investment prior to a mining license even being applied for. I have my answer!

I don’t disagree with you at all. This was a case of comparing the scale of the companies. I originally just asked about the mining license! KZG is a whole different vehicle to Atlantic lithium. Wish you all well with it.

KZG October 22 presentation states:
Reserves: JORC compliant resource estimates of combined Indicated and Inferred Tantalum deposit of 622.2kt and ,125.6kt of Lithium
Hebei Xinjian Construction to invest USD 7.5m for 49% of Lithium marketing company:
• Investment covers costs of upgrading tantalum plant to increase productivity over tenfold, and also allows for the addition of a lithium processing facility.
• Minimum $2.5 m payment in cash by February 2023 (first $500k already received)
• Up to $5m contribution to be mutually agreed in machinery, equipment and expertise
• Fully fund Namibian operation
• Lithium production and sales anticipated to commence Q1 2023

So I don’t think they see a problem with getting the Lithium extracted….and there’s 125.6kt, with production starting Q1 2023.

https://kazeraglobal.com/wp-content/uploads/2022/10/Kazera-Presentation_2022.pdf

Do your own research you lazy gump!

Listen to this interview:
https://youtu.be/Tb3aukLijCc
First sentence “We are not needing money…”

Company is funded to bring all assets to production, and becoming cash flow positive.
No need for a raise.
That message is very clear. Very happy holding my not-so-small position (for me, that is).

https://kazeraglobal.com/

Always gets my attention in anticipation about what it might reveal….

https://oilprice.com/Metals/Commodities/Rare-Earth-Supply-Chains-Are-In-Chaos.amp.html

@9billion
Hat off to you sir. An informed intelligent reply. Thank you.
Yep, risk to everything. Managed to take a position in KOD in the 0.1s before the sharp move up in to the 0.2s (with peaks in 0.4s).
Their mining licence was applied for in January 2020 and granted in November 2021. Nearly 2-years.
Do you see the same timelines playing out here?

I’ve also got a position in KAZERA GLOBAL (KZG) that appeared to “stumble” into lithium while exploring other minerals.
Currently not as well developed as ALL or KOD but still managed to raise non-dilutive funding to progress lithium opportunity and bring to production early 2023. Still appears under the radar and undervalued, given that they also have other resources now providing positive cash flow .

But it’s important to clarify!
@potatohead
You have got it wrong. It’s the exact opposite of what you are saying!

KODAL’S current SP is .26p, normally written with a “0” before the decimal point for clarity, so would become 0.26p, or £0.0026.

0026p as you have written it without a decimal point is the same as writing 26p, or £0.26. Clearly this is not KODAL’s current SP.

Admittedly, many financial trading or research sites do not include the £ or p before or after the indicated share price value (as though they are assuming that you will know). Assumption is a dangerous thing!. I have experienced and witnessed confusion about this many times.

@luckyluciano
No license, no lithium.
That’s the first thing I would be questioning.

@dunkirk - they obviously do!
@teddy - take it easy fella! Just doing some research. No agenda. Jeez.

And in doing that headline research I have to admit I took it for granted that a license was in place, especially when a JV partner was already spending $millions. Compared to some other lithium explorers that just isn’t consistent with how things pan out. PFS,
And then I came across the recent RNS saying that a license had only just been applied for.
So instead of derogatory remarks, perhaps you could offer an intelligent reply.
It doesn’t need an essay, just a couple of bullet points that indicates what I’m missing…

As I understand it:
- considerable cash has been raised and spent
- a JV partner has already committed to spending over $100m
And yet there is no mining license?
Is that right?
If so, something doesn’t smell right.

@Potatohead
Care to explain?
Did you mean 1.20p/1.50p? At the moment Kodal is 0.2575p so that would indicate a nice 5x rise.
As you’ve written 0.012p it looks like you are saying after financing the company is worth a lot less than it is now!