Member Info for TrickyDicky2

Sorrt if this has been posted already. Its from 01/04/2024 and no its not an April fools post.

"How Gulf states are putting their money into mining"

https://www.ft.com/content/59298650-540a-43cd-86f8-a6c6db0aa906

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https://www.ft.com/content/59298650-540a-43cd-86f8-a6c6db0aa906

"Leon Coetzer, chief executive of Jubilee Metals, a London-listed miner partnering with IRH to process copper from waste material at Mopani, says that “they can bring together a consortium of investment in infrastructure, power, health and logistics alongside mining”. Bringing “an ecosystem of investment” is particularly important for African countries, he adds."

TDT

Are we missing a trick?

"How Gulf states are putting their money into mining"

https://www.ft.com/content/59298650-540a-43cd-86f8-a6c6db0aa906

TDT

"The BRICS nations’ contributions to the global GDP are expected to exceed 50% by 20301."

Accuracy has never been your strong point has it Beast?

TDT

"......and are starting to lose the plot."

He would have needed to have had an understanding of the plot first before be could lose it. Helpless is just another Bell victim but he' too vain and self obsessed to realise.

TDT

Looks like Horizonte is being dumped on the TSX the same way you dump a lousy curry the day after.

I guess the rumour mill got it wrong. Nothing new there then.

TDT

"Has everyone given up on the DRC payments now?"

You have to think something likely before you can give up on it. It was never likely.

TDT

"Gold, gold, gold f***ing everywhere"

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

TDT

You can’t claim the be “…… one of the Lowest Cost Quartile Produces……” when you don’t produce anything.

TDT

“Total, about $1b. LOM 28-40 years producing 27000 tons of NI at $18k per ton gives a turnover of about $500m per annum.”

That’s turnover, what’s the free cash flow? I doubt you can rely on Horizonte’s AISC figure given how badly wrong they got the CAPEX.

TDT

Rgbuk

I wonder if Orion did a similar in depth analysis before investing in Horizonte?

TDT

And Lundy has you on ignore!

TDT

“ The Company has continued to await positive developments in the DRC and in the listing of Elephant Oil. Both these developments, which would crystallise value and bring new cash to the balance sheet, have been slower than expected to eventualise.”

“Eventualise”

That’s a new one on me.

The comedy/tragedy continues.

TDT

Picking over the wording in todays RNS I suspect that this:-

"Although the higher stripping resulted in an increase in the AISC during the year, the exposure of the orebody's grade, diversity of minerals including lithium, and scale at depth according to our geological model, will start to become glaringly apparent placing the operations in a robust position to capitalise on the rebound in the commodities markets for all our products."

Is largely the reason why we are still seeing this.

"Since the launch of the Strategic Process to identify an appropriate partner for the lithium development, leading international organisations within the lithium value chain have visited the Company's assets in Namibia, have conducted mineralogical test work, and have implemented detailed due diligence. Andrada has narrowed down the various non-binding indicative offers that have been received to date and discussions are ongoing with the objective of progressing to final binding bids."

Something that's "glaringly apparent" will encourage a better binding offer than not I should think.

TDT

Bang goes the leaky share theory 😳

TDT

Andrada is a leaky share and so far we've seen no sign news might be just around the corner. If volume and the share price pick up then an RNS will follow. Until then............

TDT

Take comfort from this sentence in the 12th. March RNS.

Strategic process

Indicative, non-binding offers for a partnership interest at the Lithium project level have been received and discussions with potential partners are progressing well.

"offers"

"potential partners"

Plural.

If you have several different interested parties in something you have for sale would you be in any hurry to make a decision? I think the longer this goes on the better the potential outcome.

TDT

CCC.

Agreed.

TDT

That will be a tea spoon then! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

TDT

Https://www.investi.com.au/api/announcements/as2/b4dffd13-051.pdf

TDT

From memory Eurasia only owns 68% of anything they pull out of West Kytlim so you need to factor that into the equation. Also, its raw platinum not the pure LME 99.9% stuff. Oh and they're also probably still reporting imperial ounces as well and not troy ounces so be careful you don't confuse the two.

In short the pile of dirt in the warehouse is worth and awful lot less than you think.

TDT