Member Info for Tuckman

WryYid, yes I just hope our board are strong enough to see the long term potential over the short term cash gains but like all things it would be great to see a plan with everything. Too much information has/is being held back from shareholders for good/bad reasons and no doubt that is why we are 2p. At least by year end we shall hopefully see some form of clarity and credibility of a direction and hopefully with it a much higher SP.
Risk / reward / trust ratio with this is very interesting, add with it the SP fluctuations! Traders are having a good time, i hope the investors can get something soon!

WryYid, at least we should know the if and when very quickly IMO. After TEO and offtake then `before` they start the spend on the BFS they really must see what offer is on the table from Russian companies ie Norilsk. It will be a low offer because of the infancy of the project but how low? We have time and money in the bank at the moment so no fire sale needed but I just don`t know what avenue we will go down? Is Adam just going to wheel and deal his way through 2021 with cash from Kun Manie? If he does then can he do the right thing for the SP? Any sniff of a deal then this SP will go up big style but again this MCAP is only 28m including NRR deal so what is to stop anyone putting an offer for the whole company for say 100m or less!
Nothing is certain and I still have my 5-20p target in Q1 but I just hope people especially LTH`s are no going to go crazy if a `small` deal is done for the asset ! The collective board must decide whats in the shareholders best interest, short term and long term!

They don’t profit near term but 10m into shipping in processing gets cash in the bank quicker at a premium iron ore price. Simple cash is king and they are spending more now to make more in the medium term. We might lose on the % but when it is converted and they have a bigger profit by selling more at a higher price we still could have the same value at an earlier time. No one knows where the iron ore price will be in the years to come but the business will be profitable and they are taking advantage of that. At least we are not spending money we do not have!

However watch out LTH’s IMO when Kun Manie gets sold off for not as much as people expect to get cash in the bank then there will be a bloodbath on here! Just putting it out there IMO, it’s going to be used as further investments next year! Wash rinse repeat and an income stream, markets like cash not potential

Well Cash is King, we may get less but we will get it much earlier which is great, very common sense decision to make hay while the sun shines for NRR but also protecting the cash we have left and not leaving us going to the market again!

MD, Mr Bowen’s has history in dealings and I am still waiting for the Russia angle with this ‘strategic deposit’ for me he is I hope working on that side and hopefully after the TEO we might see something positive. While yes the ‘deal maker’ Adam is working on a different future side! As for Mr Young, a geologist who IMO does not have the ‘final hurdle push’ but will still provide experience in all things mining!

One last word from me which will not go down well on here is that if my thoughts on Russia and Norilsk are correct then after the TEO is complete and the firm off take is done with Glencore then why even start an expensive BFS when the Russian TEO is sufficient for the potential buyers. Just wondering what the sale cost could be but again we need more information from the mine and a TEO first! Things could move very quickly IMO after TEO, but yes all we can do is guess until the RNS’s drop in the mail!
It will go I hope down one path or another! Which one ?

etank, I just hope for your emotional state that you are not expecting too much from this `sheer potential` . Yes IMO it is undervalued at current MCAP but I also doubt we will see a much higher MCAP until a `deal` is made. Cash is king at the moment and potential here is many years away. However a `sell` (don`t shoot the messenger as all IMO) would move the MCAP. The NRR deal if all goes to plan will generate lots of cash but still the market says no. So what else will move the SP, potential is not working as we can see, even a funded BFS from an offtake maybe will give a breif spike but the market IMO does not like long periods of time. For me I still am going for my 5-20p estimate Q1 and the sale of Kun Manie. Again IMO it will be a lot cheaper than the `100`s of millions` that are touted on here and I also think it will `anger` LTH`s who are expecting more. Norilsk will take it but for me no high expectaions no disappointments although if I dont make my 5p in Q1 then I will have to rethink my future planning with shares!

Still whatever price it goes for will give the company many opportunities to develop its portfolio.

Good luck all including the board police, this is just my lane of thought and no one should even think of investing for what is said on a chat board, they deserve to lose money IMO. This board will go crazy next month for TEO build up so all I hope for is an increase in the SP, I will swicth off when it does go mad as it does not help anyones mental state when the pressure builds!
As they say, When the fun stops !

Maybe low or maybe not, who knows, although with the comments on the report, IMO news could come anytime from any angle! Each to their own but the potential here is huge if that 1st deal is signed away. I wonder where the SP would open for a major deal?
Like they say you have to be in it to win it, but yes COVID and any other crazy world event could throw spanner’s in the works but the model and basis for sale and lease is all out to see!

Nice article and just shows how much potential is available, all we need is the first deal complete and a steady blueprint to follow. I hope something before year end and then a major 2021

Well if he has done then that’s great! All offloaded into more sticky hands and therefore no SP crash with sell on news brigade!

Well if you are invested now you must believe that they will complete one of these big contracts. If they do IMO it is an immediate re rate of the SP and the income will stabilise the company for many more years ahead. It is then a case of repeating the blueprint and then the sky is the limit. Some people will wait for that first contract and get in higher but that is their own risk reward gamble! Yes they may not get a big contract, only time will tell but with the small share issue and the cash in the bank and now the other new avenues being addressed then for me at the moment the next 2 months are major!

Signed contracts is what will shift this, simples, money in the bank, extra avenues and new potential directions. They have extremely low overheads for their bank balance.

If this does drop lower then I will double up. This MCAP is extremely low for the potential of 1 big deal! Looking forward to November and December, this will shift out the short term traders and hopefully go in to sticky fingers LTH’s

Nice cash in the bank this year compared to last but looks like many potential new avenues of direction are on their radar!

The additional headcount at Dukemount frees up time for more in-depth research and discussions into other exciting opportunities outside property and I look forward to updating shareholders as the year progresses.

So lots to look forward to this year!

$500m for the Capex for the mine. I believe the NRR deal was done and other future deals so we can just knock back low ball offers for the mine as we will not need cash for survival. We will be in a good financial position, and with hopeful backing of Glencore in a firm off take done we should be in a strong bargaining position for selling on. If no decent offer then yes we proceed with the development ourselves and raise the finance on debt from assets as they are developed over the years to come. Win win for shareholders either way we go. All IMO of course board police!

Not a bad forecast for the Nickel price next year for completion of the BFS, should make it look better than the PFS?

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/102120-nickel-continues-to-trade-higher-ev-conversation-grows-louder-lme-week

Little bits of info on EV demand potential and Nickel demand

I hope we will not be disappointed either :) . A website update or new presentation might not go a miss either but I will settle for one nice big profitable contract before year end hopefully!
Looking forward to end of month update and hopefully a completion notice and further money in the bank as well!

Looks like the board police doesn`t like what anyone elses opinions are they are different to there`s. No one can give any realistic SP predictions because the story is at the beginning and all the facts are not available. Jog on or deliver some facts, let others have an opinion. This is a discussion board!

https://www.kitco.com/news/2020-10-20/Nickel-export-squeeze-could-lead-to-some-more-upside.html

Anyway Nickel news, I like the bit where Norilsk is mentioned and if problems in the region maybe a change of tactics!

Maybe a buy out of Kun Manie and mine nickel locally! Just IMO of course, don`t want to upset anyone!

Etank, I do and that is why IMO I have this idea, sorry you don’t like it but that’s why I say IMO, you don’t know,I don’t know which way this will go. I am invested here for my plan not anyone else’s , if I don’t like the direction the future RNS’s indicate which way we are going i may decide to sell some or all of my holding, adding if I see even greater opportunity.

I thought this was a discussion board for any and all ideas? I have never ever said i know which way this will go and I never will.

Questions for me still outstanding, what is happening with that £3m left over from fund raising, Adam did say in an interview multiple projects, cash is king etc etc.
How quickly can a BFS be done? With a little extra $ can the process be expedited ?
What Russian input can we expect after TEO, banks finance help etc?
How long after TEO can we expect to wait for IMO firm off take agreement with Glencore and funding for full BFS?
IMO Norilsk will take Kun Manie for a much lower price than touted on here but it will be a chase for value. Quicker the sale cheaper the value so for us the longer we wait the better the price!
Above price will really just depends on how good the TEO comes out?
IMO Adam was brought in for a reason and is delivering so far. I am just going to enjoy the ride and as for SP, the ramptastic gang will build this next month for the TEO release then it will drop back then the off take will boost it then it will come back then as soon as a sale is on the cards ‘boom’

IMO this will hit 20p+ next year easy if a sale is on the cards, forget HZM it is a different animal in a different league, the market will only see merit in this if and when the time is right, I don’t know anything about completing a BFS but if it can be done quickly for a few £ more I think it would be worth it?

Just going to enjoy the ride and might even try some extra to trade on these upcoming occasions! Have fun everyone

The devil will be in the detail, it will certainly be interesting if they can secure a ‘big’ deal as to what it will mean for DKE, current MCAP very low and not much free float shares. If there are several over the next 12months where will it take us? Again have to sign the contract to deliver, hopefully news next few weeks should brighten the picture!

Yes interesting to find out what is coming, it could be any deal if they are working on several and as construction has not stopped then they could crack on with anything, if they pull a uni deal it doesn't mean to say they have to start straight away and once all the students have infected themselves they should all have herd immunity there and it will be a safe place to go :) :) :)