Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
>>Certainly some like to nit pick here, imagine if you were on a jet to a holiday destination and were seated next to them. Fuc#ing nightmare. Funny how some like to bore on.
jamtart this is true but to offer a balanced view a silver mine is a departure from why most invested (graphite play / Tanzania / energy transition / EVs etc). The going on holiday equivalent would be you boarded a flight to Tenerife now you're landing in Thailand (making no value judgement on which holiday destination is better).
I'm reasonably bullish about the silver mine development because I believe it offers near term opportunity to progress while we wait for Blackrock to (hopefully) get their deal over the line and start building our rail/road/elec/infrastructure. And I think this project was chosen for near term potential, not something that's many years away. Lets see.
Must start calling it Canyon Silver got Silver Canyon stuck in my head for some reason. Must be a mental image thing, a canyon made entirely of silver....if only!
Https://miningdataonline.com/property/605/Lucky-Friday-Mine.aspx#Processing
Interesting data on the processing side:
Silver head grade around 400-500 g/t
5000koz+ estimated production in 2024 (silver, 10Moz equivalent means I assume 2x silver revenues from the other metals lead/zinc). So around $300m/annum annual revenue from Lucky Friday in 2024.
I guess as Silver Canyon is 'proven up' using modern methods what we'll be looking out for is how our grades, and quantities, compare to the above as it is likely to be a benchmark being one of the largest mines of its type in the area (and the world?)
On the london stock exchange site, not shown here yet.
Looks awfully much like a bed&isa though (with it being £20k) what's weird is it's only one side of the trade and it seems to be at Ask (where normally these execute at bid to enable more shares to go in the ISA). I had a very similar amount in my bed and ISA a few weeks ago.
Thing I don't get is why Amtech holds his shares if he thinks MB is a joker who won't deliver. Why hold your shares? If you believe that, then you think they're going to 0 (the minimum price the share can get to). Instead he holds because - presumably thinks they will go up in value. Which means MB delivers or there's some miraculous AIM market bubble affording an exit. Well I think the latter is unlikely to happen soon so it must be the former.
I've long since sold the companies/shares where I don't believe in the mgt, moved on, and never posted on those boards again. And there were many. And generally the sp went to 0.
Ah the filter feature. Love it :) GLA
Kabunga invented Cov19 as he clearly started selling before it became a big thing. Master trader that he was. It was in the tealeaves. Correlation is not always causation. Did he make the right call about the Tanz gov? Maybe - but lets hope they're slow rather than complete non starter otherwise Blackrock shareholders are stuffed. Should we have thrown money at the project if the gov didn't play ball and bkt didn't progress? Probably not - the money has to achieve something right. The final proof in that pudding will evidently when Blackrock start construction (or don't).
You know Posco are the largest graphite trader in the world right? If they can't make it work nobody will, it's really that simple.
Anyway we're due an update on our second asset soon. Lets hope its a good one :)
RHT99 so you're central theorem is MB doesn't understand Tanzania and is too young inexperienced to deliver that project. It is a reasoned argument and you have your opinion. So I'll ask you, if I may, to answer a couple of mine:
- are the Blackrock Board more experienced? Here they are:
https://blackrockmining.com.au/about-us/#board
- has their customer (and shareholder) got experience in this business? here they are:
POSCO Holdings Inc is a large South Korean steel conglomerate with a market capitalisation of over US$32bn
with a large and growing battery materials business. POSCO Future M Co.,
Ltd plans to grow its anode business from 82ktpa in 2022 to 370ktpa by 2030.
All that experience and expertise and still no producing mine? Not even a definitive finance agreement? What are they doing wrong? And what could MB do better than these guys?
I see no corporate action on my account has anyone else seen one? If we're meant to vote when does the vote become available? I assume you vote ahead of the AGM?
In GBP the silver price is at 12 year high. There are worse times to be activating a silver asset, if indeed, it is capable of near term production as I expect we'll find out.
Amtech he is - and by securing a new project I do believe he is doing that. He could walk away - it was easy for JM to do so from hzm? Why doesn't he and why put another £100k in? I back him. Lets see.
Strummer, hope you are ok. I know rmm went south for you and I don't know if you managed to avoid the hzm disaster - really didn't see that coming but plenty of people afterwards of course coming ' I told you so'. Better people than us lost big there, azvalor and fidelity to name just two names (assuming orion and la mancha recover their stake and may have taken pi's to the cleaners). Just haven't see you post and obviously I lost a dear friend in the maelstrom so just checking you still here buddy? No guarantees with acp, of course, and each to their own but I remain invested. Hope you're ok.
Also if people don't like the characters involved you can always invest in 'too big to fail' companies for 0-10% returns. I can think of 2 in particular (I was invested in both) BP before the deepwater horizon debarcle and Lloyds before 2008. So if opu don't like which director doesn't get on with which other director shenanigans on AIM those are really safe bets, until they aren't. All imho
I would like to exit my trapped profit trade in profit so the best way of doing that is post daily on the acp board that its all doom and gloom. Yeah. I get it. And Jim well no idea what went wrong mate but get over it. No Dee and I didn't take 75% of the placing but this company is doing a lot better than most in my pf so thanks for the warnings but we'll just let it rill and swe what plays?
But if you're trapped in your trade you'd be bigging up the new project to get your exit! Not going no progress blah blah blah. Which means you just don't like the guy. I get it, there are people I don't like in this world (Braverman is quite near top.of that list) judt don't drone on about them all the time.
I hold just under 5% of the company pre dilution my position is declared, and clear. I want an ROI whether through Mahenge or Silver Canyon (preferably both). I'm still invested in a company with cash in the bank progressing now two projects (albeit one slower than we would like). Lets wait for the prospectus on Silver Canyon and then jump to conclusions.
It is undeniable that Blackrock have not proceeded at the lofty expectations of progress they set (their shareholders) and it is pretty clear they have engaged some serious infrastructure improvements to get their graphite out of Mahenge. If we wanted the capex hit - what is it, $30? $40? $50m? to make those improvements then of course, we could jump ahead of them in the queue and get it all going. Lets do a whip around for the $30m I'm sure raising it on AIM right now will be easy! or, lets see them do the hard yards and piggyback on their deal, it's what I would do.
If Blackrock don't progress in Tanzania nobody will, which is why personally, I think a project in the US is a great idea and I backed the raise (while we wait for an outcome on the former). GLA
I think it's ok but you can call them out. RHT99 arrives for the first time on lse forums on the ACP board despite being a member since 2019, arrives, in fact at Today 11:46.
To tell us it's all a big lie. Why? So he has a mate that has a mate that lost money in ACP? But we al have mates of mates who lost money on every share going. Even Amtech agrees AIM is a giant ponzi! But thanks for the advice anyway :)
Just love it when people spend their times on boards on shares they have no interest in, have never owned, warning others not to do the same. Knights in shining armour, robin hoods as they are. Except robin hoods don't exist in real life of course. So what's their motive? The current crop just don't like MB is my gist, I don't think they're talking the share down because they are short or want cheaper entry. At least, that's not how it looks.
...so it can't be easy, is my point. Or a much bigger company with already the biggest graphite trading co in the world ex China as a shareholder would have built their mine by now?
Ask John de Vries. Here he is 4 years ago;
https://www.youtube.com/watch?v=wPqmlB76G-g
45 seconds in:
"And now we're engaged with the government of Tanzania to secure our final development permits once we get those out of the way we're into financing and hopefully pouring concrete and steel."
AFAIK they don't have financing secured (fully) and haven't poured concrete and steel. And they / were / are ahead of us, apparently.