Member Info for Zan_TM

My take hasn't changed.

I've always viewed the targets as one off production targets i.e., proving we have a plant capable of producing said amount, hence the figures building up to 2k this year are almost irrelevant as stuff will be offline while work happens to increase capability.

Just look at the scale of HL 4. Its massive compared to the rest and so backs up this scale up method.

The most recent presentation showed total expected to be produced by July 23, which fitted hitting 2k per month at year change point.

I've zero reason to doubt this.

If we find out at year change of latter when they report those figures isn't a concern to me. Yes it would be great to hear/see a "we did it" RNS around New Year but as long as it gets hit, I'm happy if we have to wait a month or so after to find out retrospectively.

Building up to 2k, you can get close to target, then scale back while doing work, but once 2k is hit, no need to scale back.

Note though. I don't expect figures to be excat. More ball park areas which will change slightly week to week, month to month, up and down.

No one risked it.

No one is buying buy in like manner no one is selling either.

Anyone daring enough to make the first trade today or are we on course for a blank day?

I've missed not seeing the 3 x under a £ trades that usually happen for us today.

It depends on how you have invested. If you bought and just held then selling at a loss, however some will have sold stakes on rises and bought back in with same % stake on a drop and thus as a total average of shares v money spent actually have a much lower average price per share than the share price has ever been at.

However a lot are likely just selling at a loss, for a number of reasons, no doubt some of which wont have anything to do with the company but more personal financial situations changing.

Thing is those there isn't loads of transcations per day so its not an exodus.

Good RNS this morning showing visual Spod in 18 of the 19 holes.

A
First set of assays due in Q4 22 so before Xmas we should have a much better idea of what we are sitting on.

Hi Corby,

Not years, but months is normal in all mining. I'm sure everyone wishes it was as easy as you describe but the info from these drills, like all companies drills, go towards MRE info and ultimately assist in investment decisions on if to mine or not.

The outlay to mine results in tens of millions, sometimes even hundreds of millions needing to be sourced and spent on building the plant required to sell what comes out of the ground.

Now making those massive financial decisions isn't something which can be done on a whim or iffy info. There are hundreds of explorers out there all wanting someone to help finance them, yet far fewer with the resources to do so. Not everyone will get the finance they hoped for and so to stand half a chance, you need to do things right, which often takes time.

There are plenty of decent plots out there that never got funded. In fact those which didn't have formed part of our model, by allowing us to pick them up on the cheap.

Assay results can vary in time frame from company to company, with a lot of different factors at play, including lab location, backlog of lab work etc.

The results will come when they are ready.

Any project that relies on goverments is always choppy as someone in charge changes and so can your plans.

On this occassion I feel the change has worked in our favour so far, with a leadership who appear behind the idea.

Positive idealogy like that can only be a good thing.

Fair value is whatever it is priced at today as thats the fair price the market dictates its worth. 100 mil mcap isn't fair value thats a value you would prefer it to be at.

We have a lot of projects but none are a given to end up going ahead and so everything is an "in theory" and so I can't see the logic until more becomes certain for a 100 mil mcap.

I'm not trying to sound bleak, just being real. At this point we don't own a % of a multi billion pound company as you have suggested. We own a % of a company which might go on to be that but also might not.

Many hurdles have appeared in the last 10 years for ORCP and many overcome. Many more to go to including dilution risks. The SP in 2020 was based on less shares in issue. Its Apples and Oranges to compare then to now. Plus you had the Covid boom whereby most growth stocks got pumped to levels they haven't seen again, not just ORCP but tons of others too.

ORCP has what it needs to suceed and is clearly working on getting there but this project has taken years and still has years to go. Patience is required.

That is my initial thoughts too LW. In Q2 Bert was talking about starting construction possibly before the years out. That doesn't look likely now.

The markets have changed and maybe Lionhead want to hold off until a better picture is known of the global markets or even Malis state of affairs.

Who knows.

Is what it is. My only real concern is that the delay is in relation to Lionhead pushing back maybe.

In Q2 we were told DFS was basically ready just needed figures from updated MRE as would make DFS better, which made sense, so delay made sense.

I feel Bert is a straight up guy, so would just like to know a bit more detail on what is being improved that is causing the delay.

The SP has been stuck because of the termsheet so really need this DFS to drop.

Thats my take to Lordy.

Each step leads to the next step. The Feasibility etc lays out and prepares the road for what comes after.

The main thing is are we on route and is there a plan to get there and at present that feels like a yes.

Could they show the world that plan better? Probably. Do I need to see it? Not really.

I don't believe she has said it will take 18 months to get milestones hit but rather we have up to 18 months.

Granted they will take some time and with all projects the big one people want to see is a spade in the ground for construction with outlined completion date.

If anything, rather than to many details, its the lack of details which may well hold back the potential here for now.

-Build costings and funding arrangements laid out clearly, showing who is paying what etc.
-Estimated build start date, completion date and go live date.

Thing is to get that info you do have to also complete some others steps.

It maybe slow going, but thats part of any big infrastructure project at this stage.

Mate, if they do another, I think its time for DP to step down. There is a point where you have to question decision making abilities and if your skint, stop spending so much on un-needed projects until a few come in and revenue gets created enough to self fund.

As you say, its still an IF.

Imp, I think its because it wasn't done at a discount. That shows strength, then the extra 2p warrents atrached have a clause in them for length "12 months" and if it hits "10p".

Now that shows a very positive outlook for a raise as it suggests those who did the raise felt 10p was possible, hence adding that bit.

The extra warrents were the kicker to make it worth adding via the fundraise. Normally that kicker is the discount, but it also shows POW is happy to do things differently as for me, as far as raises go its one of the least painful Ive seen any company do in ages.

I think that is why the market likes over what the moneys for as end of the day I don't think the wider market were concerned we might not drill MFC.

A nice Uranium portfolio.

Still prospective but it really does only take one of the many projects to hit a good find and your £££'s in.

Good to see a bit more positive news here.

I know its been slow, but they are a new company and these things take time.

They can only announce what they find.

The inital target was getting the Tantilum to sample production within 18 months, creating some small but useful income for the company and proving that Lithium existing with Atex to the point it might be worth looking at using capital to attempt to create an MRE.

That was the target, still is the target and my understanding is its still on course.

Yet the company gets knocked for not doing things they never said they would in that time frame.

Such a small Mcap gives any decent finds the potential to create some big upside in a short space of time.

Not as strange as you may first think James.

St Brides Partners does the PR for Oracle and Firering, thus very likely controls both companies social media accounts.

Plant 4 looks a lot bigger than 3

Because they have just had the results in from the magnetic survey.

The core K1-6 Drill simply showed Nickel is present on site. That in its own right is not major news.

A magnetic survey on its own, with no drill info to go with it, simply shows "something is there" but you don't know if its of value (Nickel) or not.

Because we had drill hole K1-6 the recent magnetic survey tells us there is a big amount of something and the drill location shows that it is extremely likely to be Nickel as that it what the drill showed.

Now, until more drills are done (2022 brought forward drills as announced recently) you still can't say for sure that the wider magnetic results are also Nickel, but its considerably more likely to be than without that K1-6 drill info.

The new drills will hopefully confirm that there is a wider presense of Nickel and within the centre of the known magnetic area. If that happens its very exciting news.

Then you would expect further drills to occur to confirm and sure up the wider extent of this range.

So yes, still along way to go, but as far as starts go its a good one.