Member Info for TigerByTheTail

Well, since all is doom and gloom here, can I say...
1) Vast's Zimbabwean gold assets (Vast's share of Pickstone Peerless, Eureka, and Giant mines) are easily worth the current mcap...
2) Baita Plai (Romania) alone is easily worth the current mcap, even in its current state. When it's producing in a few months' time it will be worth a lot more. (6% Cu grades equivalent, for God's sake!)
3) Manaila needs work, but can be turned into a decent mine, and it is worth good money. Blueberry, Zagra, and Remin also offer a lot of upside potential in Romania...
4) For now, the diamonds in Zimbabwe are speculative. But that can change very quickly, especially given last week's Reuters report. And if the diamonds DO happen, they are worth far more than all Vast's other assets put together.
I don't think T2, even if doesn't happen, is a terminal problem for Vast. Substitute funds can be raised in a variety of other ways, and not just by placing.
So, for me, Vast is a strong buy based on value fundamentals. The only real concern I have is to time my buys as well as possible to achieve a low average...

Hi Dodge!
If you write a post on here which is an opinion (i.e. "T2 is not coming"), please make it clear that you are giving your opinion, and not stating a fact.
FWIW, I more than half agree with your opinion, but I have no inside information or facts to back up my hunch

IMO, it's all a question of market sentiment.
This company IPOed at 10p per share, when there were far more questions than answers about the project. Nobody knew very much about the resource, or if it would be possible to operate successfully in Burundi, or how much demand there would be for Rainbow's end product. The share price then rose to 24p on a wave of optimism about the size of the resource.
Since then it has proved hard to scale up the mining and achieve the required run rate to break even and market sentiment has collapsed. BUT, we also now know a lot more about the scale of what is a completely unique mineral deposit, we know that the company can operate successfully in Burundi, and we know that there is no problem with demand for the company's product. Looked at coldly, the actual position of the company now is a lot better than at IPO, or at the start of the year. But the share price is near rock bottom.
I wrote here a few weeks' ago that Rainbow would either go bust or four-bag inside a year. After today's JORC, I think four-bagging is more likely than not. Without underestimating the risks involved, I am positioning accordingly.

Not sure I get you, profit_profit.
This is a working mine with an established supply line to market, with thyssenkrupp (no less) acting as an intermediary, and demand for its product seemingly infinite. No problem at all with buyers!
I can see some investment is required for Kiyenzi in machinery to extract the lower grade material and for trucks to move it down to the processing plant. There might also need to be additions to the current processing plant to pre-process the lower-grade material. But none of this is mega-bucks.

Hi Osboro!
In general I agree. This really needs publicity to get the share price moving back to a more reasonable level. IMO, Martin Eales is a very good and honest CEO, but I wouldn't call him "a master of hype", and a little hype wouldn't go amiss here.
I'm actually wondering if there won't be a takeover offer based on the figures in the JORC. This is a non-Chinese, non-radioactive working rare earth mine with a huge upside potential. It must be a tempting target for Lynas (though maybe they have enough problems of their own right now).

All good.
I wouldn't say "the spectre of Kabwe remains as a dampener". Rather, I'd say I'm eagerly awaiting news that JLP have struck a deal over the Sable zinc processing plant, and that Kabwe will be processing zinc in a few months' time - that would be an excellent Christmas present!

Hi Hazrat!
There's a lot of reading there! On my first quick pass, my reaction is very good.
Firstly, they have plenty of narrow veins to be getting on with - two years' worth only from these three deposits. Hopefully, they can work out how to strip and mine them quicker, and up the tonnage produced each month.
Kiyenzi is very interesting - huge tonnages at what would be (on a worldwide scale) pretty good grades. Mining will obviously involve excavators and probably explosives, so some implied cost there, but they then suggest running the product through the existing plant (so not much extra cost there). Whatever, they hope to get it into production next year (very good). The best news of all is perhaps that they may have found the carbonatite source of the rare earth deposit.
I'm not saying this is going to be easy, but there is a big rare earth mine to be developed here. Present market cap a bit of a joke, all things considering.

I keep an eye on this company - tantalum is an interesting and in demand metal. (The "supposed" lithium play here is complete bollox, as I've written many times before. There is no way that low grade hard rock lithium (not a particularly rare thing) would ever be worth mining in such a remote and harsh site.)
It's just possible that KZG will find enough tantalum to justify a sale to a bigger miner, who would then finance the desperately needed water pipe and new mining equipment and restart mining operations. So maybe, just maybe, there might be a chance to make some money here someday. But not yet, certainly.
As for Fortitude, this kind of dumb ramping irritates me. I don't like the thought of innocent punters being sucked into losses. We should all acknowledge that anything with which Giles Clarke is even vaguely involved is a very dangerous financial product.

I still like the Sonora project, even though the IRR is low, at less than 30%. But I'm still on the outside looking in here.
I just can't see the point of buying before the funding issue is resolved.
As for REM/KDNC, IMO they are a joke company whose real purpose is to line its directors' pockets, not make money for their shareholders. At the moment. I doubt they have the funds to take over a local chip shop!

Hi Demon-Hunter!
I prefer to think of us as remora (sucker fish) clinging to the underbelly of open-cruising great white sharks. Oh well, at least we get a free ride!
For my money, gold will dip over the next few days ahead of the Fed meeting, and then, if the noises coming from the Fed are appropriately dovish, it will rise quite strongly afterwards. All in all, I'm not liking the look of the world economy at the moment (let alone our own)!

IMO, there is only one explanation for today.
The market-makers seem to have an endless supply of shares to sell. I can only think of one place where so many shares could come from, and that's yet another placing.
I'm beginning to think we shareholders made a big mistake in granting AP so much headroom. It's like offering a drunk a drink; no matter how good their intentions are, they just can't say no.

GoldenBull - are you a real PI, or are you being paid to write your silly posts?
You do realise how ignorant you are of Cora, Hummingbird, and indeed gold mining in general, don't you? Cora is in a difficult position, which I hope it manages to emerge from, as I have some respect for their management.
As for Hummingbird, it is a complete toxic stock. Not only are they in a very dodgy financial position, but also their management is greedy and incompetent (and that's being nice about them).

https://af.reuters.com/article/zimbabweNews/idAFL8N1YH6ME

It's Reuters, so it is a pretty reputable source. And if it is true, then for Vast and BOD shareholders Christmas has truly come early.

https://af.reuters.com/article/zimbabweNews/idAFL8N1YH6ME

It's Reuters, so it is a pretty reputable source. And if it is true, then for Vast shareholders Christmas has truly come early.

Hi Fundraiser!
Rainbow have been mining, exporting their rare earth concentrate, delivering it to the offtaker (thyssenkrupp),and getting paid for it, for nearly a year now with no country-risk related problems. So your fears would seem to be misplaced. Remember, the mine was opened by the President and it provides a lot of local employment.
IMO, there IS a concern here. But it's not related to Burundi as a jurisdiction. Rather, it's about whether Rainbow can mine enough of their concentrate to make the operation profitable. That remains to be seen.

Fortitude - answer honestly, do you work for a PR company and/or are you being paid to write these ridiculous "booster" posts?
Everybody who is anybody knows exactly who Giles Clarke is.

Now a huge sale of 44m JLP shares pops up after hours. That's 3.3% of the entire company in one go.
Is it BMR?

Hi Fieldmouse!
These Form 8.5s are of very little importance, IMO. They reflect the activities of Flybe's two brokers on a day to day basis during the official bid process. Liberum bought some shares and sold them for a small profit, that's all. It's required paperwork.
IMO, the 8.3 forms are far more significant. They announce any substantial sells or buys by the company's bigger institutional shareholders.

Doesn't the profitability of this deal rather depend on Jubilee getting the licence to process PGMs at Platcro?
Any news on that?

Hi Mr. Tibbles,
This is no defence of the orange one, but you should look up some of the pro-slavery Democratic U.S. Presidents of the 1840s, who led America towards Civil War. One was a complete drunkard, others were just as venal and bigoted as Trump. Just saying in the interests of fairness.
Strange to think now that Abraham Lincoln was a Republican!