Member Info for thomsk

The plank Coetzer has made a very good career and living out of diluting shareholders to oblivion while delivering very little. It’s time the ***t was sacked.

Long given up LTH here. Can someone pls give a lowdown on current situation. Have LRES 5:1 consolidated shares, issue pref shares in case Barryroe case comes off, raised £2m to buy Brazil graphite prospect? If so, have pref shares been issued already? If not and they look like winning, it’s a fair punt isn’t it?

Production within 3 years? They’re only looking at a 1000tpd plant to start off with. It’s not Escondida FFS.

I don’t think CMRS have any plans to build a smelter.

It would be good to see the location of the recent drills. This value in this deposit is all about the continuity of thickness and grade. Looks good so far. I think I’ll buy some more, seeing that the market seems to have missed this.

Actually it's a bit contradictory to say “very good continuity of copper mineralisation observed across multiple drill holes and zones” and “consistent width”, followed by 27% success rate.

No. 27% is their success rate of boreholes with > 0.3% copper. I'm assuming they can find a nice orebody with 1% average grade. JV a fair point @ 60% to CMRS after earn in.

Of course, we don't know the location or spacing of the boreholes. If they're on a tight, say 50m grid, and only hitting 27% > 0.3% copper they might find it difficult to lineate an economic deposit. Maybe they're scatter-gunning the whole prospect.

For this type of deposit this is the important part “very good continuity of copper mineralisation observed across multiple drill holes and zones” and “consistent width”. If CMRS can prove up 2m of shallow 1% copper (plus silver credits) across a wide area we’re all in business.

For each 100m square block we’re talking 100x100x2 =20,000m3. @1% =200m3 contained copper=200x8.960t/m3=1,792 t contained copper=1792x13000$/t=$23,296,000. Or $2.3bn per sq km.

I’m still hopeful.

Yes but US blockade remains in place which Iran thinks is violating the ceasefire. Old ceasefire expires 3:30am Tehran time. It's possible Iran will attack. That would stir things up even more than they are already.

I believe the SP will get to 15p.

KEFI will do a share consolidation so it doesn’t look like a penny stock when it moves to main market. 15p without that looks a bit optimistic.

Thanks for the TA but I think in this case SP will be determined by the drill bit.

If CMRS can prove up 2m of shallow 2% copper (plus silver) over a wide area £8M market cap will be a fraction of what it will be. C'mon CMRS!

Where did you get this info?

Surely PLSR will need more cash to build production facilities for Topaz. Suspect management will strike soon.

So if £20million, or whatever, is going into the TK project from KEFI, what effect does this have on ownership of the TK holding company? Is it a loan or equity investment?

FFS. Small cap SP nearly always goes below offer price following a raise. Hope that’s not the case this time. At least funding is finally sorted….or it is?

Trump has backed himself into a tight spot. US and Israel could bomb Iran into Gaza and it still wouldn't stop them attacking shipping in the Gulf. Land invasion is off the table. Iran has said they want US to close military bases in the Middle East which would change geopolitics forever. If this goes on for another month the pressure on Trump from the whole world (ex. Russia and Israel) will be enormous.

Now yielding 5.43%. Tempting.

I thought Long was much better in that interview. Don’t forget they need to build a 1000tpd plant to earn in 60% which defines their approach. Shallow, seamlike nature of the deposit will require relatively low capex. Mining licence so soon is amazing. Think of all the processes mining companies have to go through in other jurisdictions. Ultimately the drill bit will decide if CMRS multibags or not. I hope it does.

Expect good results from RIO tomorrow as BHP posted yesterday.