Member Info for Valuation-it-is

https://www.reuters.com/article/china-lng/china-tells-state-firms-not-to-divert-lng-to-ensure-own-supply-bloomberg-news-idUSKBN2RC0KC
The West should expect the same approach to be employed in metals/rare earths/chips.

Prof. Michael Clark is a powerhouse of information on the Ukrainian war - seldom do you get such a good interview. Outstanding, thanks for posting.

In what way is Cornish Lithium "badly run"?
Please give some facts to back up your view.
No one else seems to think the same. The Government would not be giving it millions in grants if it was.

Rights issues are more expensive than placings, but do not dilute existing shareholders unless they do not take up their rights. Giving discounted shares to outsiders can change who controls a company. Placings also tend to transfer wealth from existing shareholders to the new ones. Only if the money raised by the placing creates more value than the raise, can the dilution of existing shareholders value be offset and perhaps exceeded. If you do not want to see new shareholders come in at prices below those you have paid, then DO NOT vote your pre-emption rights away, or do not buy shares in companies that have already done so.

Alkemy Capital Investments Plc

Tees Valley Lithium partners with bp to trial green hydrogen in lithium process

Alkemy Capital Investments plc ("Alkemy") (ALK:LSE) (JV2:FRA) is pleased to announce that its wholly owned subsidiary Tees Valley Lithium Ltd ("TVL") has entered into a Memorandum of Understanding ("MOU") with bp Alternative Energy Investments Limited ("bp"), a member of the bp plc group of companies, which is focussed on the development of its large green-hydrogen electrolytic production facility in Teesside (HyGreen Teesside).

HIGHLIGHTS

· bp will seek to supply green hydrogen to TVL as part of its HyGreen Teesside project, which is currently under development
TVL to partner with bp to evaluate the feasibility of further decarbonising TVL's processes and energy requirements via a switch from natural gas to green hydrogen

· TVL is aiming to produce the world's lowest carbon lithium hydroxide by sourcing low carbon feedstock and powering an electrochemical process with offshore wind and green hydrogen

for rest see ALK statement

British Lithium and Cornish Lithium have both already received grants of several million for pilot plants.

I think a number of IPOs have been pulled due to market turmoil and sharply rising interest rates. When the latter settle it will be possible again to do DCF calculations and arrive at NPV s for projects /companies thus giving some backing rationale for the proposed offer prices.

From the Note
"Hydrogen Utopia (HUI) is developing a technology to convert non-recyclable
mixed waste plastics into carbon-free fuels, new materials, or distributed renewable
heat." and
"HUI’s chemical conversion chamber completes the first
design phase to convert waste plastics into syngas"
I thought it was PHE that was developing the technology? If HUI develop the tech, who then does the "developed tech" belong to? If HUI patent it, presumably it belongs to HUI.
Why would White take the risk of undermining PHE by doing this?

From the Note
"Hydrogen Utopia (HUI) is developing a technology to convert non-recyclable
mixed waste plastics into carbon-free fuels, new materials, or distributed renewable
heat." and
"HUI’s chemical conversion chamber completes the first
design phase to convert waste plastics into syngas"
I thought it was PHE that was developing the technology? If HUI develop the tech, who then does the "developed tech" belong to? If HUI patent it, presumably it belongs to HUI.
Why would White take the risk of undermining PHE by doing this?

Surely this Winter is the time we need DMGs.... Any extra electricity generation will be welcome to offset our lack of gas. But to do so with waste un-recyclable plastic must be a huge win, win.
So is investment zone status planned for future Peel/PHE sites? Is planning going to be fast tracked? Is the PHE board working on such opportunities?
We have missed the opportunity to raise sufficient finance when the market was crying out for hydrogen exposure. We missed the opportunity to build DMGs before the kit shot up in price. We have missed the opportunity to supply electricity into a period of extremely high prices.......................Why?

Some communication might be re-assuring.

Offtake MOU for 25% of Saltend's annual production supplying raw materials for magnet production.

Pensana is extremely pleased to be entering into a strategic relationship with a major non-Chinese industry player supplying Rare Earth oxides from the Saltend processing hub.

The Company will continue to develop the independent and sustainable supply chain for low carbon rare earth products to be produced in Europe.

Pensana recently broke ground at the Saltend Chemical Park in the Humber Freeport UK with high-value raw materials supplied from the hydroelectric-powered state-of-the-art mine at Longonjo in Angola.

Chairman Paul Atherley commented:

"This agreement represents a significant step forward in our goal of providing an independent and sustainable supply of rare earth magnets for the Electric Vehicle and Offshore Wind industries.

It is also an important step in finalising the financing for the project.

By having a significant industry partner across the globe, we now have further validation that Pensana's project is an essential element in the growing independent value chain for these critical minerals.

We look forward to closely working with our partners and hope to expand our relationship as our project progresses with the introduction of Metal conversion and Heavy Rare earth separation at our Saltend facility powered by offshore wind, offering ultra-low embedded carbon products essential for the energy transition."
For further information, please contact, CEO Tim George or Chairman Paul Atherley at contact@pensana.co.uk or visit www.pensana.co.uk

At approx 4.45 in episode 3 PRE mentioned
https://www.bbc.co.uk/programmes/m001cdr6

..Without having to build up an expert team of professionals and do months of due diligence prior to investing a £25m sum.

i.e. same price for a retail investor-sized purchase, piggy-backing on the work the pro's have done.

" it will produce samples of by-products such as gypsum, sulphate of potash, caesium and rubidium sulphate alum"

e.g. Rubidium (99.75% pure) current price €113 per gramme
e.g. Caesium (99.8%pure) price €96 per gramme.

Cornish Lithium selects Ai Process to provide EPCC support for the hydrometallurgical section of the demonstration plant at its Trelavour Hard Rock Lithium Project

Cornish Lithium Ltd (the “Company” or “Cornish Lithium”), the pioneering mineral exploration and development company based in Cornwall, UK, is pleased to announce that Ai Process Systems Limited (“Ai Process”), one of the UK’s leading specialist process engineering consultancies, has been selected to provide detailed engineering, procurement, supply and manufacture, installation and commissioning services (“EPCC”) for the hydrometallurgical section of the demonstration scale processing plant at the Company’s TreLith Processing Site associated with the Trelavour Hard Rock Lithium Project (“Demonstration Plant”) near St Austell.

The hydrometallurgical section of the Demonstration Plant will utilise the patented Lepidico L-Max® and LOH-Max® processing technologies, which Cornish Lithium has an exclusive licence for, to produce lithium hydroxide. These elements of the Demonstration Plant are being partly funded through a £1.8 million grant from Innovate UK through the Automotive Transformation Fund’s (“ATF”) Scale up Readiness Validation competition (“SuRV”).

The Demonstration Plant is expected to produce commercial samples of lithium hydroxide for evaluation by end users, such as battery producers and automotive Original Equipment Manufacturers (OEMs). In addition, it will produce samples of by-products such as gypsum, sulphate of potash, caesium and rubidium sulphate alum. The Company has already undertaken detailed metallurgical testing of these processes at pilot scale but will now build a demonstration scale plant to validate the scale up and commercial viability of the technology.

Jeremy Wrathall, CEO and Founder of Cornish Lithium, said:
“We are delighted to be working with Ai Process as one of the UK’s leading specialist process engineering consultancies. Our Trelavour Project team has developed a strong relationship with the team at Ai Process and we look forward to collaborating with them to successfully deliver the Demonstration Plant.

“The Demonstration Plant will not only provide further validation of Lepidico’s processing technology but will also provide key operational data to inform and enable the construction of a commercial scale plant. This work will be key to developing a secure domestic supply of lithium from Cornwall to support the development of a resilient electric vehicle supply chain for the British automotive industry.”

Alan Parry, Managing Director of Ai Process, said:
“It is a privilege to be working with Cornish Lithium on such a prestigious engineering project, which we believe is the first of its kind in the UK. This kind of lithium extraction process will form part of the next “industrial revolution” in the renewables sector and we are proud to be working alongside a progressive company at the forefront of this new technology.

“Both companies have worked extremely hard together over the last year, making this project possible, we therefore look forward to delivering a successful engineering installation for both our companies, from our base near Burnley in Lancashire, to the beautiful surrounds of Cornwall.”

https://www.telegraph.co.uk/business/2022/09/27/north-sea-gas-producer-reports-8700pc-surge-profits/

bitcoinbuyer "Just maybe..... They want SML Tin Tungsten and copper......"

Truss has visited our neighbour based at Hemerdon and been appraised of the opportunities and challenges. I think the message has got through and KK/ HMG is working with Cornwall Council on the Investment zone idea. See
https://www.gov.uk/government/publications/the-growth-plan-2022-factsheet-on-investment-zones/the-growth-plan-2022-investment-zones-factsheet
For the outline plans/benefits to be bestowed.

From the Telegraph today:-
8:41AM
FTSE risers and fallers

"The FTSE 100 has climbed this morning as traders keep a close eye on comments from BoE chief economist Huw Pill after yesterday's plunge in the pound.
The blue-chip index rose 0.6pc, boosted by gains for mining stocks.
Anglo American, Rio Tinto and Glencore were among the top risers, tracking metal prices higher."

Not sure about "tracking metals prices higher" -I think it may be more to do with the metals being priced in US$, as base metals Copper, Aluminium and Nickel were lower yesterday. (Copper and Aluminium both down 1.2% and Nickel down 5.2%)
Anglo American has a focus on diamonds, copper, platinum group metals, iron ore, nickel and manganese.
Rio has a focus on Iron Ore, Aluminium, Copper and Minerals.
Glencore has a focus on copper, cobalt, zinc, nickel, coal and ferroalloys.

Tin rose 2% yesterday, and is priced in dollars, so good news for CUSN.

The Scramble for Rare Earths on BBC radio 4 at 13.45pm today and every day this week.

https://www.bbc.co.uk/programmes/m001cdr6