Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"BMW’s announcement came after the passage of the Biden administration’s Inflation Reduction Act, which limits tax incentives for electric vehicles to those with largely US-based battery manufacturing and raw materials supplies."
https://edition.cnn.com/2022/10/20/business/bmw-chairman-ev-regulations/index.html
ps. I'm not on the back burner with Bradda
Mailing list on https://www.braddaheadltd.com/
With a portfolio of assets all located within the US and valued in dollars and with the ability of US to invest via the TSX Exchange(check this ???) or through AIM in cheaper UK pounds, we can be confident that volatility of the UK pound will make Bradda an attractive investment.
Thoughts please.
ok so K potassium is some how relevant or typically seen with spodumene and maybe is a valuable asset as a completely different commodity.
Yes, that's right, ppm should be directly equivalent to % and thanks for your 09:31 message,
but look at the Red Cloud Broker Report Figure 17, can you explain Li(ppm) and K(%) they are not the same.
On page 11 they note that their valuation and 45p target only relates to the Lithium Clay form of Lithium and excludes Bradda's Brine and Pegmatite assets. The Spodumene form of Lithium which I understand is a Pegmatite or crystal or rock is the subject of today's RNS.
I found this article on Pegmatites with some photos of a mine:
https://miningir.com/4-things-you-need-to-know-about-lithium-pegmatites/
We should look for a more complete valuation to include all three resources from Red Cloud at some point.
The Red Cloud broker report is interesting:
https://www.braddaheadltd.com/wp-content/uploads/2022/03/20220329-BHL-Initiation.pdf
but does not help with definition of ppm and % concentration.
As a non-geologist I am trying to understand Bradda spodumene concentration levels, perhaps someone with more expertise might like to comment.
This morning's RNS talks about concentration levels, Charles Fitzroy noted at the end of the RNS "Historical records show that the average reported grade of the Spodumene mined during this period was 740t at 2.75% Li20! "
A few minutes googling and scanning wikepedia showed
1. "As of 2021, the Australian company AVZ Minerals[9] is developing the Manono Lithium and Tin project and has a resource size of 400 million tonnes of high grade low impurities at 1.65% lithium oxide (Li2O)[10] spodumene hard-rock based on studies and drilling of Roche Dure, one of several pegmatites in the deposit."
2. "The Talison mine in Greenbushes, Western Australia, is reported to be the 2nd largest and to have the highest grade of ore at 2.4% Li2O (2012 figures).[15]"
So it seems 1.65% is a workable level and anything above 2.5% is exceptionally good.
Charles seems excited about 2.7%.
Comments anyone?
I am invested.
Echo Energy, the Latin American focused upstream oil and gas company, was today notified that Nusakan plc (formerly Greenberry plc) holds 40,118,865 ordinary shares of 0.25 pence in the Company representing 6.65 per cent. of the current issued share capital (following the increase in the Company's issued share capital on 22 October 2019).
What does this tell you?
I agree with you MrMarky this looks to be the turning point and its a good strategic move. I am looking at a 75% loss which is a bit uncomfortable but this is not dilution. We have added more shares and in return have added what looks to be a very good asset.
Because, quote from "The Santa Cruz Sur Assets are located in the Austral Basin, adjacent to the Company's existing Tapi Aike exploration permit," then any result we get from one asset will be reflected in increased confidence in the other and we can be reasonably confident that we get a positive result as the Santa Cruz Sur asset is already producing.
So yes, a very good confidence building and strategic move.
Tim
email sent to all in group
"Separately Echo is pleased to announce that through agreement with its partner, CompañÃa General de Combustibles S.A. ("CGC"), it is to receive US$ for all sales of gas instead of Argentine Pesos to further reduce its exposure to the Peso. "
https://beta.companieshouse.gov.uk/company/07824765/filing-history
This is an interesting one and will always be up for fevered debate but we can take the figures from Echo's recent presentations as a staring point:-
James Parsons said “0.5Tcf = £1 sp”
and on the May 2018 presentation https://www.echoenergyplc.com/media/1405/echo-energy-may-18.pdf they are talking about multi Tcf exploration potential and on the Tapi Aike asset. If we take the mid case, net to echo figure of 2.2 Tcf then we can see where our sp might end up.
On page 10 Gaffney Cline Associates are proposing a total value of $400million net to Echo and Echo themselves are indicating a further $700million.
Recent videos online are well worth watching.
I'm looking forward to the next Q&A session https://yourechoenergy.com/app/panel/qa
06/07/18 2018 Q2 presentation:
1. Eastern Morocco Triassic TAGI c.21 Tcf potential, Palaesoic 10 Tcf potential
2. Southern Morocco: Best case 8.9 Tcf prospect
Spell out our assets to refresh everyone's memory.
On the 06/12/17 James Parsons said 1.0Tcf = £1.50 to share price
So what are our assets estimations today?
You are quite right Morocco, anything can happen on AIM.
We have seen this on other small oil exploration and mining companies and predicting the sp in 3 to 5 years is only ever a bit of fun like the sweep stake going on over at our sister company. But making a prediction or speculating within a 12 month time frame can bring some confidence in our investments. Its not a science, more of an art which is why a good diverse portfolio has always been the wise guidance. What we can also say is that investing in individual companies with a portfolio of assets might also reduce risks.
The frustration of the sp not reflecting the Net Asset Value of a small company if it can be assessed in any meaningful way is the problem but also the opportunity.
There are many other aspects to look at, not least of which is the quality and track record of the directors and their willingness to present and talk to individual private investors. Invest in a company where the CEO has lost the confidence of his/her investors and the sp will mercilessly be suppressed or shorted far below the Net Asset Value per share. So a good Board of Directors which is added to with highly qualified expertise as the company develops and with good investor relations also builds our confidence.
Two sister companies with the same Chairman keeps our investment from going too far away. Its a good strategy. It looks like a good opportunity.