Member Info for Twohits

*not exploration

I haven’t really looked in here since the concordia debacle/disaster/downright misrepresentation from bird’s perspective, but this news has caught my eye. One thing that sticks out immediately is him saying this is a exploration, nor even brownfield, more development. Then says looking start on a PFS hopefully finished by august 2023 - can anyone tally that for me?

Welcome aboard oscar.

Going to be interesting to see the late reported trades. Once the reshuffling of ownership and clearance of any placing flippers is done this is going to fly. Can’t see it taking that long.

Wow SOYO, can you do us all a favour and never post again? EV has been the most consistently accurate poster on this board for a long time. Who the hell are you?

The guy who knows the most of any insti investors here is maxey (albeit he is putting his money in PA). He is not dumb. The BCN deal was structured to cut gangfeng out of the asset here. Will be interesting to see if it’s them that are adding. I would much prefer someone like M&G, who just out £10m into PRE, they are clearly looking for these types of assets, they have a lot of ESG money to put to work.

The px action atm is pretty much noise. What is really encouraging is the volume and the size of some tickets going through. It’s clearly in play and much higher profile than it has previously been - which is great as the story pretty much sells itself.

This PRE and KDNC will be the stocks of 2022 and beyond.

Agree re: TR1 though, some chunky trades going through as expected. Another 2.5m gone through in 750k and 500k blocks late reported. As i said would happen about a month ago, it looks like institutions taking the increased liquidity to hoover up blocks. I expect G&P are doing the selling.

The retail placing gave punters 3 hours after the bell to work out how to place an order. It was a deliberately short window to make it look like they were giving retail a fair crack whilst diluting maxey as little as possible. To look at it as undersibscribed is somewhat missing the point. I’m amazed they got £1.8m done in that short a tome frame.

Resistance here is 120p, break that (which it not doubt will fairly quickly and it’s off to 140/150p

As an analogy with buying a car. We have agreed with the vendor the deal is done, we just need to send the V5 to the DVLA.

It is done, done let the trolls try to spook you.

Fair play, each to their own analysis. Not going to labour you on how to do yours; as your response suggests you aren’t the latter of my earlier suggestions, but run the proportion of hike in input costs from natgas hikes to the hike of end product prices and you should be less concerned. I certainly am. Also think the whole natgas/nordstream spike is temporary. The prices already have and will continue to revert to more normal levels.

Natgas prices are flat to up maybe 30% since the DFS. LCE is up multiples, to suggest that nat gas prices are a concern for the business model is at best uninformed and at worst disingenuous.

Znwd aren’t years off production. 18 months for mine build. EMH as they admit themselves are further away. The nat gas price hike is temporary. Been a huge squeeze it will abate. The concurrent rise in lithium price since their initial DFS more than compensates for the increase in gas as an input cost anyway.

Got to love it when people quote the ultimate value investor with reference to growth stocks…

Let alone the whole reason brine is less energy intensive in Sth Am is because of solar power usage. Try that on a wet cloudy day in germany…

What next - will you tell us Nelson’s lost an eye?

The water supply and pollution issues are pretty key from brine. Doesn’t matter as much in the criminally run states in south america, it does a bit more in europe, wouldn’t want to be in brine here…

And wrt to natural gas usage…from du pleasis…

“Even though this is hard-rock mining, the process involves creating a material called Zinnwaldite - named after the area it comes from - is less energy-intensive than other lithium processes, such as spodumene, as it requires one less pyrometallurgical step than other processes," he said.

Ore Mountains, Saxony. Credit: scimmery / Shutterstock
"Other ways of saving on emissions is the use of natural gases in kilns as opposed to the coal-firing used in a majority of lithium plants," he added. "While we may not be as environmentally friendly as brine producers in the Atacama - who often use solar energy for evaporation - we have the advantage of not also not having water supply or pollution issues."

And that was utterly specious; it fell because of the placing and that alone. Since the distribution hit the accounts it’s gone up.

The deal is done, desperate from the naysayers.