question is whats it worth? |
Who didn't see that coming ! |
What a load of b's RNS!
YP |
At least they fixed the bridge on the way up to the shed. Gerson will be happy. |
Stopping for Christmas perhaps ? |
You don't have to speak Portuguese to see what that shows - F* CKED ! |
If only it were a fraud…….then could invest with more certainty. Oh well |
A mining licence in place, particularly soft well weathered rock and a potential US/Sino trade war?
Nope, not worth the risk?
YP |
Maybe worth a punt on positive phase 1 RNS ? |
The auditor insists must be delivered for revenue recognition.
REE - phase I is supposed to 'conclude within the next 4 months' according to RNS 16th July 2024, so just over 1 week?
YP |
So guidance halved. I suppose that’s delivered and recognised, but not paid for ? Around 40 USD pt if paid ? With REE feeling distant and costly ? |
The 70kt guidance was revised down to 35kt - RNS 30-09-24.
Based on CFEM payments sales are looking like circa 29kt to end Sept 24 using ~ R$230t?
YP |
‘ held as cash collateral with financial institution. ’
Financial institution? Would that be the broker then? For trading shares or margin calls or something ? You wouldn’t leave cash as collateral for a cash loan would you ? |
‘ Cash position as at end 2023 of c. US$630,000’
‘ At the end of 2023, the Company's cash position was R$3.1 million (approximately US$630,000), including about a third held as cash collateral with financial institution. ’
(So 210 US held by a financial institution as collateral) ?
Feb 2024; ‘ we are setting a guidance target of 70,000 tonnes to the year of 2024’
How’s that going ? |
11 Google reviews. 7 of which posted 3 weeks ago. Well done, even if one of the reviews is from the kpf commercial coordinator. Every review helps imo
Oh, and another from the president of the board of directors. |
Good that they have ‘reconstructed the bridge’ and fixed that section of the track (about a year ago) |
Trado MB ‘requires no specialised manpower’
Ideal ?
Ad near base…
How did that first picture of the Cat excavator pass health and safety under the terracing ? |
PVW just announced start of exploration drilling on their Scanty project,
They're using 'Trado' drilling method.
Let's see if that (Trado) makes its way in to a Harvest update?
YP |
Yep maybe at least need some water butts to store the rain …..Or maybe just use a simple magnet to separate the REE from the remaining 99.9%, and save the rain for something else ? Not feeling very optimistic here tbf,,,,Maybe needs an update ? |
Burning around 2m AU p/a ?
Around 2m AU raised while running on empty last July ? But liabilities were over 4m ? Wages 800k, travel 400k, plc costs 200k
Equals a zero imo |
There's not sufficient water available for a complicated separation process?
It could keep them busy during the rainy season?
A simple ammonium sulphate leach process providing a sellable concentrate and, yes and a fertiliser by-product!
Mind you, it might need a Dedicated storage facility?
Hurraahhh!
YP |
Plus any REE project bound to require massive dilution of shares right ?
So unless someone inadvertently strikes an oil pipeline, I don’t see how this isn’t a zero ? |
Is this going anywhere dust wise? If not, maybe repurpose the shed ? An abbatoir, a museum, a morgue, a hairdressers ? Must be some other profitable use ? |
Seem like all this needs is last April’s rare earth RNS showing 1860ppm of TREO. But that RNS didn’t help the share price much, falling over 70% since then. So dunno what the answer is. Even if there were enough rare elements, would it ever be economically viable to extract them ? |
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