Member Info for Tornadotony

Added at 8.1p, despite a poor day for commodities.

FF

They are not insured because of high cost in quotes at this time.

My first line should have said, Company would be unable to insure any environmental damage once manufacturing underway if they do not take out an appropriate policy. Thanks for correcting me.

First of all, the project could be sold to a much bigger company that may have the financial resources to resolve such problems. In that scenario the issue is not relevant at all. It is a straight forward exit strategy for Blencowe.

It becomes important if the company goes into production and produces waste. The point I was making is not to lose sight of the issue and that we observe that any funding sponsor has been fully satisfied that measures are in place to prevent environmental liabilities occurring that would adversely impact their investment as well as ours.

Unable to insure any environmental damage once manufacturing underway. The company are handling dry tailings in that has to ensure minimum impact from water via compression stacking. The tailings need to be housed possibly from the environment. As manufacturing increases more tailings are generated and have the potential for a bigger environmental issue. The licence area is huge. It might involve the need to truck material for a landfill that is useful somewhere else and manage this issue properly. The company do not need the insurance at this time, but as investors we can not put up with the possibly of having no insurance if they start building up tailings without a proper way to deal with it. Of course they may be hoping another company takes the project on who can satisfy the Ugandan people that they have support in case of any environmental arising issue. Otherwise investors could wake up to an RNS that is awful and the value of the investment is nothing a few hours later and doing the exact opposite of what investors were hoping to deliver.

Https://www.valuewalk.com/investing/best-uk-hydrogen-stocks/

Absolutely. A more important client has given them a reason.

For GS to take an interest is a positive. GS being negative on share value is probably to satisfy one of ITM competitors who might see the company as a takeover prospect.

After reading past RNS and following the presentation, it looked to me as if that cash was being used to develop a higher quality, more productive and cost effective products. The cash has created additionality and intangible benefits that are more likely to fulfil future costumers needs. I therefore would hold greater optimism than most here, but also I can understand the frustrations of long term holders. Added another tranche at 63p. If one looks at accounts only it does not tell the full story.

Added yesterday at 63.X. I prefer adding on falling prices. Becomes the gift that keeps on giving.

The take away here is having plenty of cash in your portfolios to buy cheaper prices when they arrive as a volatility gift. Cash is an asset in your portfolio and if it pays a little interest on top it is all the better.

Looks like a macro market move rather than company specific.

Added 65.14p.

With gold down $300 dollars an awful lot of profit should be flowing into the market.

It looks like some authors of commentary on this board do not understand that contributions are not written for just themselves, but for all readers. It has reminded about the use of the filter button to eliminate immature children, and teaanage spotty keyboard warriors that hide behind sofas.

Titanium dioxide market goes flat around the lunar year and EEE share prices usually stay static. Market volume slows from around now until it reopens after everyone returns to work after the Lunar new Year holiday. Year of the horse begins. Do not expect a lot in either direction on the SP. China is a huge market player in this product area.

Locked in a range of 65-70p since 6 Jan. Little sign of shorts closing positions. The company is still creating a drop in the enterprise value from losses reducing the cash base. This however is likely to be cleared in Q3 of this year. The hopeful large move comes later perhaps when this crazy move in gold and geotechnical macro issues are less tense and conducive for greater investor confidence.

We shall see what happens after the presentation. The sell and buy trades are not telling us much. It is not a sell the news RNS. This share has retreated for weeks.

Hopefully some of the short positions close although they may reopen positions say at 85p

The company is in a feasibility, pilot flow sheet stage. It will be quite a few months before we have a Preliminary Evaluation Assessment with some ide of annual productivity. The next stage or what we cross into is a development feasibility study that delivers really worthwhile costings and is against what is a finalised flow sheet. This all happens well before seeking funding for any serious construction work. The flow sheet also gives an idea of what annual production volumes would be like with some degree of confidence, a likely Opex figure and assessment of the Capex expenditure to deliver a full operating plant. If the plant delivers 1 M tonnes per annum of TiO2 at a 50 year mine life, the revenue is $1.5B a year. Lets assume after financing costs that the profit is $300M a year (20% net margin) and that total share equity have quintupled to 3500 million shares. Net final profit is 11.6 cents per share or around 8.3p per share. On a 50 year mine life at 15PE would be 124p a share. 10PE rate is 83p. These figures are fairly extreme on placings, total debt, recoveries and final construction costs. At 40p having a functional mine in 7 years is a 14% average return per year of holding the investment. I therefore regard it as a good buy at the current price. In fact more generous assumptions from my worse case could easily deliver a far greater return by a factor of 3 or more. I should stress all of what I have written is quick guestimate thinking to get an entry position on a stock that has a decent asset.

4 months ago in September in previous.

Reetech it is old news. https://www.fpri.org/article/2025/08/the-us-south-africa-relationship-will-always-be-complex/

South Africa does have a closer relationship with the UK and signed a bilateral agreement 4 months covering many areas of mutual interest. USA is anti green agenda and South Africa is very much in favour of it.

Looks like your funding country has our leader for the next 5 days. Many people in the UK would be happy if he did not return from China. How hot is it in Indonesia and what is the price of tea? I ask in case they have actually given you a window in that boiler room sweat shop. Tony