a leaky ship may have revealed a discovery here perhaps.
Quote from: petejh on December 07, 2021, 08:35:35 pma leaky ship may have revealed a discovery here perhaps.I've had my suspicions on this front.Management team have been very very cautious with their wording but it's clear that they anticipate being able to announce something more positive in the future. Whether that would be enough to justify the current valuation is another matter.I sold most of my position today to reallocate elsewhere.
Meanwhile, I'd urge anybody interested in the tin investment thesis to look at Alphamin. I was saying it at around 60c, 70c, 80c, 90c and it's still the same no-brainer. Join the dots in this recent report from Edison - especially focus on the 'expansion valuation part', and compare with the exploration drilling results reported since earlier this year from Mpana South. More holes to be reported before year end. Mpana South resource estimate to be announced early 2022 and then again one month later. Anyone concerned by the DRC jurisdiction could hedge by putting 50/50 in Alphamin / Metals X (Australian company, the only other major tin producer available to buy on western markets).It's quite funny that Alphamin's mine has this year turned into one of the top 3 mines globally for most valuable ore per ton. Yep, high-grade tin, @ $40,000 per ton or a gold equivalent grade of 31 g/t, is a more valuable ore per ton than nearly all current gold, platinum, uranium, silver or rare-earths mines.
Tesla has agreed to a nickel supply deal with Talon Metals, a Minnesota-based company. It is the first United States supply of nickel for the electric automaker.Little-known Talon Metals (OTCMKTS: TLOFF) is traded in the OTC Markets Group and holds a valuation of 421.48M CAD ($332,456,465).Some terms of the deal are not public knowledge, according to Reuters, who initially reported the agreement. However, Tesla will buy 75,000 tonnes of nickel over six years, and Talon will also provide cobalt and iron ore to the electric automaker for its batteries. Additionally, the agreement may be extended “for up to 12 months following which Tesla has a right to terminate the agreement and Talon may elect to sell to other parties.”“This agreement is the start of an innovative partnership between Tesla and Talon for the responsible production of battery materials directly from the mine to the battery cathode. Talon is committed to meeting the highest standards of responsible production that is fully traceable and that has the lowest embedded CO2 footprint in the industry. Talon is excited to support Tesla’s mission to accelerate the transition to renewable energy,” CEO of Talon, Henri van Rooyen, said.“The Talon team has taken an innovative approach to the discovery, development and production of battery materials, including to permanently store carbon as part of mine operations and the investigation of the novel extraction of battery materials,” Drew Baglino, Senior Vice President of Powertrain and Energy Engineering at Tesla, said. “Responsible sourcing of battery materials has long been a focus for Tesla, and this project has the promise to accelerate the production of sustainable energy products in North America.”In July 2020, Tesla CEO Elon Musk called upon mining companies to supply more nickel. “Well, I’d just like to reemphasize, any mining companies out there, please mine more nickel, OK?” Musk asked. “Wherever you are in the world, please mine more nickel, and don’t wait for nickel to go back to some long–some high point that you experienced some five years ago or whatever. Go for efficiency, as environmentally friendly, nickel mining at high volume. Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way. So hopefully, this message goes out to all mining companies.”Nickel has been sought after by Tesla since then due to its environmental advantages over other rare earth metals that are used in electric car batteries. Since Musk’s call for nickel suppliers to mine more of it, Tesla has discussed and secured some nickel deals, including one with LG to supply high-nickel batteries to Gigafactory Shanghai in China next year. Tesla also signed an agreement with BHP, an Australian nickel company, in July 2021.Tesla has also been in need of nickel while the company still develops and builds its 4680 battery cell. Nickel is a key material that Tesla needs for its high-powered batteries, including the 4680 cells. The cells are currently in pilot production at the company’s Kato Road facility in Fremont, California.
Backed the proverbial truck up with LDG which following disposal of its sole investment is trading at 13.5p despite a declared 18.5p of cash per share. Best case is they swiftly wind up and return that cash to shareholders. Worst case is they spunk it away on a duff acquisition. However given their track record and especially the track record of the investment manager DBay frittering the cash away seems highly unlikely. Another potential outcome if they don’t wind up or make a large investment is a partial return of cash and the rest retained awaiting a suitable acquisition. Another way the value may be outed is if they start buying their own shares which enhances their value and bumps the share price up towards 18p fair value. Probably as good a downside protection as it gets and potential 30% upside one way or the other but hard to call the timescale.
Good move. Just keep paying it in even when the market's dropping and it might feel like paying good money after bad - in fact especially when the market's dropping or crashing! As those contributions during declining market months and years (if they happen) will be your biggest earners when you come out the other side. I recommend this as a good read, really resonated with me, probably because I'd made many of the errors of thinking in my 20s and early 30s.
Obviously I follow a bunch of people in tinnickelcopperland. One guy I follow closely is Mark Thompson, a director at Meridian Mining, Cornish Metals and a bunch of others in that sphere. Worth a follow if you're interested about investing in tin, copper and commodities in general. There's an IPO coming to the LSE main market (not AIM). Marketing for it starts on Monday. Company is called First Tin. It has exploration projects ongoing in Germany plus a project in Aus. Like Cornish it could be another good one to get in early as the whole tin thesis - demand for 'green' tin instead of destructive Indonesian dredging, increase in demand from the energy transition and the move to put 'chips in everything', and the raging commodity price, - is beginning to get noticed by the crowd. It'll be interesting to see the marketing but from their website they're obviously heavily playing the ESG card for their 'environmentally sound' tin produced in Germany and processed in Europe. This is the way the market's going, more and more people want to feel reassured (somewhat belatedly..) that the raw materials in their car, phone, laptop and charging infrastructure weren't obtained by reliance on poverty-stricken teenagers dying in artisan Myanmar mines or via destroying marine habitat off the cost of Indonesia by a corrupt state-owned entity. I can see it doing well in the current environment, providing the whole western market system doesn't melt down over Ukraine.. It has the advantage of not being in the DRC! Could attract those muppets - sorry investors - too scared to invest in Alphamin. Website: https://firsttin.com/
Quote from: petejh on February 12, 2022, 12:16:32 pmObviously I follow a bunch of people in tinnickelcopperland. One guy I follow closely is Mark Thompson, a director at Meridian Mining, Cornish Metals and a bunch of others in that sphere. Worth a follow if you're interested about investing in tin, copper and commodities in general. There's an IPO coming to the LSE main market (not AIM). Marketing for it starts on Monday. Company is called First Tin. It has exploration projects ongoing in Germany plus a project in Aus. Like Cornish it could be another good one to get in early as the whole tin thesis - demand for 'green' tin instead of destructive Indonesian dredging, increase in demand from the energy transition and the move to put 'chips in everything', and the raging commodity price, - is beginning to get noticed by the crowd. It'll be interesting to see the marketing but from their website they're obviously heavily playing the ESG card for their 'environmentally sound' tin produced in Germany and processed in Europe. This is the way the market's going, more and more people want to feel reassured (somewhat belatedly..) that the raw materials in their car, phone, laptop and charging infrastructure weren't obtained by reliance on poverty-stricken teenagers dying in artisan Myanmar mines or via destroying marine habitat off the cost of Indonesia by a corrupt state-owned entity. I can see it doing well in the current environment, providing the whole western market system doesn't melt down over Ukraine.. It has the advantage of not being in the DRC! Could attract those muppets - sorry investors - too scared to invest in Alphamin. Website: https://firsttin.com/So, how do you get in on an IPO like that?I'm so far doing pretty poorly with my choices of shares (most of the funds are doing ok, recent dip notwithstanding). In fact...the only thing doing well so far is....you guessed it....FILO! Arrival has been a total flop. Doubt it's even a good buy at current prices.Proves the point - it's not hard to make money on the stock market, but it's even easier to lose it