Member Info for Valuation-it-is

Https://www.bbc.co.uk/news/articles/c86je4vyg36o

Von der Leyen calls for Britain and Europe to ‘team up’

Ursula von der Leyen said that investors had said for many years they “are ready to start”, urging Britain and Europe to offer the “regulatory certainty, the predictability” needed for energy investment.

“Thank you for the UK’s continued leadership on energy security and more generally for the excellent co-operation between the European Union and the UK,” she said.

“This is a powerhouse indeed for clean energy and the energy of the future. And the North Sea has it all.”

Tariffs make sourcing raw materials ‘more important’

The European Commission president said the UK and Europe “need critical raw materials” for energy security.

“This is all the more important in the context of looming trade restrictions and export bans,” she said.

“These minerals are the building blocks of the green transition and work is already underway.”

Source: Telegraph

Tariffs make sourcing raw materials ‘more important’

The European Commission president said the UK and Europe “need critical raw materials” for energy security.

“This is all the more important in the context of looming trade restrictions and export bans,” she said.

“These minerals are the building blocks of the green transition and work is already underway.”

Source: Telegraph

Tariffs make sourcing raw materials ‘more important’

The European Commission president said the UK and Europe “need critical raw materials” for energy security.

“This is all the more important in the context of looming trade restrictions and export bans,” she said.

“These minerals are the building blocks of the green transition and work is already underway.”

Source: Telegraph

Tariffs make sourcing raw materials ‘more important’

The European Commission president said the UK and Europe “need critical raw materials” for energy security.

“This is all the more important in the context of looming trade restrictions and export bans,” she said.

“These minerals are the building blocks of the green transition and work is already underway.”

Source: Telegraph

Https://www.lme.com/en/News/Press-releases/2025/LME-explores-establishing-price-premia-for-sustainable-metals

Https://www.msn.com/en-gb/money/other/china-threatens-huge-car-shortages-and-shutdowns-in-trump-trade-war/ar-AA1Dg3fu

Https://www.bbc.co.uk/news/articles/c1drqeev36qo

Prop

My understanding from conversations is Yes, the UK is still considered as domestic, but I have not confirmed that by looking at US source texts

LME tin stocks below 3000T again.

My understanding is that the UK is recognised as a domestic supplier to the US and ths UK companies can benefit from the priveliges afforded to such suppliers - grants/investment and possibly more to come. Little seen as yet though. Any thoughts Prop?

Ilovesushi

Thank you for your kind words. I can understand your point too that the longer term nature of this business and necessary staged nature of capital requirements may not be suitable for all investors - those who perhaps want to trade, or need to take a shorter term view.

For the record, the number of shares before the placing was 2,015m The placing was 333m shares

Ilovesushi

Suggest you take a look at the post of 10.18 today.

Valueplayer1 You are not considering the whole picture i.e. why the placing arose. That was to gain a grant of £750k.

If HMG offers a £750k on the condition the company raises another £750k from shareholders it is a straightforward decision to make. (Like exchanging 50p coins ,one for one, for pound coins)

The numbers:-Using the share price pre placing i.e. 0.4p, dilution was minimal at 3.547%, whereas the increase in value of the company i.e. the addition of the £750k grant compared with the market cap before the issue was 750k/ 8063k or 9.3%.

So as a result of winning this grant and undertaking the placing, shareholders are 5.4% better off. (1.093x 0.9645 ) And that is before the money is put to work, which hopefully will be hugely beneficial.

One should perhaps not use the 0.4p share price for these calculations but the price at close the day before the announcement of the matched grant funding which would have been Friday 4th April. The close then was 0.38p.

Running through the numbers again, to see what the complete effect was since just before the grant announcement, gives the effect of dilution as 2.987% and the impact of receiving the grant on the value of the company as + 9.792%

Overall therefore shareholders are theoretically 6.5% better off as a result of this grant plus issue.

Clearly the price in the market is not reflecting this because either sales of shares or expectations of sales of new shares, as a result of the placing have gone up considerably.

The management should be congratulated for pulling this value enhancing deal off. How times have changed.

Conclusion:- As ever, just after a placing can be a good time to buy

Informative article, reads positive leading up to the "spring" UK gov critical minerals strategy update

https://www.gov.uk/government/publications/uk-critical-minerals-midstream-and-recycling-capability-report

coupled with government intentions

https://www.labourtogether.uk/all-reports/refining-the-uks-critical-minerals-strategy

Informative article, reads positive leading up to the "spring" UK gov critical minerals strategy update

https://www.gov.uk/government/publications/uk-critical-minerals-midstream-and-recycling-capability-report

coupled with government intentions

https://www.labourtogether.uk/all-reports/refining-the-uks-critical-minerals-strategy

interesting thought, but i do not think hmg is in this just to triple their money. you may be right though, they may decide they have other things to do with their cash later on. my guess is that they will want to bring their influence to bear on cusn strategy or even m&a consolidation in the "cluster".

the funding for british steel is already allocated and will come from the £2.5bn steel fund. hmg does not have to find more money - or so they say for s****horpe.

Whojamaflip you asked..........

"Why would insti’s pump large investment in a mining company that is still at stage 1 and production is a year away at best?"

Because there will not be the shares available at a later date. Most of the capital that will be needed to build the process plant and mine will be loan capital. There is likely to be very little extra equity needed. So an II will not receive an offer of enough shares. They will probably have to build up a stake gradually then top up post FID or miss out. In any case I cannot see existing shareholders who have been invested for years, not taking all they can, and not let newcomers scoop the pool at a late stage. Patience will hopefully (FID permitting) pay off.

WattaMes

Suggest you take a look at the record of the Chairman Clive Newall.

Suggest you take a look at the awards for exploration of the year won by CT last year.

Suggest you take a look at the result of the exploration programme with ref to the tin.