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Marana

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Everything posted by Marana

  1. In summary, while i have great doubts, if MNS can bring a 3GwH plant into production in New York and can make CATL's AUS$20M in profit per GwH (despite lacking the economies of scale), on a PE ratio of 25, this values MNS at $1.5 billion market cap or $2 per share. I suppose I will hold my shares. This issue is MNS competing with the big boys.
  2. per this link: https://www.catl.com/en/uploads/1/file/publ..._isu5va488a.pdf it appears CATL says its global sales of batteries was 40.96GWh for 2019. This made a profit of $4.356 billion Yuan https://www.chinapev.com/breaking-news/chin...es-4-4-billion/ This would be a profit of AUD$21.3M per Gwh at current exchange rates. At that time early last year CATL was valued at a peak of AUD$79B or $2B per GWh. However, CATL's profit fell for the last half-year report to $1.94B yuan for the half year to 30/6.20, here: http://www.xinhuanet.com/english/2020-08/27/c_139322201.htm Therefore, Franks' claim that 1GwH is worth $5B appears contrary to the above. CATL's share price has doubled since early 2020 (per COVID) but their expansion plans are also massive: https://www.electrive.com/2021/01/06/catl-t...acity-for-2021/
  3. while i hold some MNS, it appears the EV space is in a massive bubble with: * Tesla trading at 730 times operating cashflow from last six months or PE ratio of 900.based on last six months EPS https://tesla-cdn.thron.com/static/78Z2ZX_2...0-Update.pdf%22
  4. Frank gave an interview claiming 1GWh of plant is worth $5 billion and that MNS's New York plant with its $5M of 2nd hand equipment from a liquidation sale (i recall it was previously 1GWh to be upgraded to 3Gwh for US$52M per 2019 Annual Report) will be producing by end of 2021. The interview is here: https://omny.fm/shows/ceo-interviews/frank-...gy-technologies
  5. The last time i looked, this company has not yet issued a profit & loss statement however their quarterly cash-flow give the impression of making losses.
  6. Last annual report says: We expect to further demonstrate this in the future by delivering on our commitment to pay out 100% of free cash flow for the period to 31 December 2019. Today's report forecast US$326.6M EBITDA for the 2nd half, which is US$158M NPAT or, at 68 cents exchange rate, AUD$0.24 EPS. At current $3.20 share price, the annualised PE ratio for next half is 6.7.
  7. Market is selling it off, despite at $3.50: * Annualised PE ratio of 5.4 * Annualised dividend yield of 13.4% before tax (US$0.112 cents fully franked) * Capital return of AUS$0.44 cents Company has forecast US$327M EBITDA for 2nd half due to softer coal prices compared to US$405M last half. Some escrow shares are being early released prior to ex-dividend but the impression is they are looking for insto buyer
  8. Reported a big profit today with big dividend and big capital return.
  9. For me, the penny dropped two days ago regarding the transport costs. I can't believe how negligent I was getting caught up in the all hype; given I have done so much research over the years in transport routes in Africa and Australia.The transport costs would be $450 to $700 per tonne, dependent on the port. For example, in 2013, TGS priced 26 cents/lb from Lubumbashi to Durban (which is the longest route). Add another $100/t for road to Lubumbashi and its US$673/t from Manono to Durban. It seems the only way for DRC lithium to be competitive is a Refinery to export Lithium Carbonate.
  10. Looks like Klaus just killed DRC lithium
  11. While I don't mind having discussions with intelligent people like you; I prefer to not argue with a nincompoop like DDZX. DDZX should do proper research rather than listen to gossip.
  12. If GTT was not involved with the lithium acquisition then what is the relevance of posting about GTT? To my understanding, whoever wrote the above comment was/is misinformed. Rocco retired from 4CE months before the lithium acquisition, which appeared to be facilitated by Jason Brewer. I posted the chronology in my previous post. How is this related to 4CE, which is a company run by Sanders, Brewer and Fry? It seems like some VKA shareholders were/are very confused believing GTT brokered the 4CE acquisition.
  13. I think your inferences are baseless from possibly not being fully informed. GTT Ventures appear related to an earlier attempt to recapitalise the company and take advantage of the gold asset. I did not get the impression GTT Ventures were involved at all in the lithium acquisition because the lithium acquisition vendor shares were allotted to Jason Brewer's wife's company 1620 CAPITAL PTY LTD. GTT's Thomas resigned on 06/03/2017: https://www.asx.com.au/asxpdf/20170306/pdf/...l6fnwfysprm.pdf GTT's Tassone resigned on 28/03/2017: https://www.asx.com.au/asxpdf/20170328/pdf/...3fvnqttlzlg.pdf Darras. Stephens & Smith resigned on 1/06/17: https://www.asx.com.au/asxpdf/20170601/pdf/...nns2t8rxkyh.pdf Brewer & Sanders were appointed on 06/06/2017: https://www.asx.com.au/asxpdf/20170606/pdf/...rmxj02rn5m2.pdf Lithium acquisition was announced on 07/08/2017: https://www.asx.com.au/asxpdf/20170807/pdf/...6mmww50zsns.pdf GTT's Glovac probably stayed on to assist in an orderly transition and resigned on 17/10/17: https://www.asx.com.au/asxpdf/20171017/pdf/...9k1zvww9kv8.pdf
  14. GTT Ventures Pty Ltd appear not connected to 4CE anymore. Their ceasing to be a substantial holder notices shows GTT's Rocco Tassone was selling. Also, GTT's Patrick Glovac received 5 million director options, which he exercised on 11/12/17 and I assume sold (given the Annual Report shows the holders of the remaining 10 million director options are not Glovac). Since the GTT names are not in the recent Top 20s, unless they are in nominee accounts (which is doubtful given they do not have a history of this) they have sold out and moved on.
  15. 1620 CAPITAL PTY LTD (per ASIC search) is owned 30% by CLAUDINE MAYNARD, who also holds 10,000,000 shares in her own name and 5,000,000 director options exerciseable at 3.5 cents in the name of JBCM Consulting Pty Ltd (per ASIC search and per 4CE Annual Report), granted to Jason Brewer. CLAUDINE MAYNARD is/was obviously Jason Brewer's wife and nominee (as a little goggling will find). Given Maynard is the shareholder of these Pty Ltd companies and given Jason Brewer has not issued any director holding notices gives the impression they are no longer "associates" and gives the impression Jason Brewer does not have a "relevant interest" per section 608 of the Corporations Act and per the ASX Listing Rules. http://www8.austlii.edu.au/cgi-bin/viewdoc...01172/s608.html https://www.asx.com.au/documents/rules/gn22...f_interests.pdf
  16. Personally, I think the blog article is terrible, particularly its comparison with VRC; for the following reasons: 1. Lithium is not graphite. Graphite had a short-lived bubble and is in the doldrums. China has lots of undercapacity graphite mines but obviously not lithium mines. 2. AVZ obviously probably has the largest and lowest-operating cost hardrock lithium deposit in the world. Unlike PLS but similar to KDR, the massive open cut deposit is 100% pegmatite. The lateral widths of the deposit are enormous. The drill intersections are enormous and compare to SYR rather than to VRC. In other words, AVZ's Manono is like the Balama of lithium (although better because Balama is not the highest quality graphite). 3. VRC fell apart before the graphite bubble burst because of the views about the quality of its graphite. 4. AVZ has already obtained millions of $$$ in Chinese investment funds, namely, $13M to strategic investor Huayou Cobalt Group. 5. Airguide can't pump the stock. AVZ was pumped on its own merits during the lithium bubble. 6. AVZ at 15 cents is valued at US$400M for 100% of the deposit. 7. It looks good value to me and I re-entered recently, including buying AVZ at 16.5 cents and AVZO at 12 cents. 8. Tax loss selling might happen soon and I'll buy more if it reaches 11.5 cents (US$300M for the entire deposit). 9. 2nd bite of the cherry; lets hope.
  17. The 2017 annual report announced on 3 April 2018 obviously has a typing error re "23 March 2017". Per the date used for most of the shareholder information, the date probably should be 28 February 2018 or otherwise 23 March 2018 per option holder information. Top 20 for 1 May 2018: https://static1.squarespace.com/static/5a1b...1+May+2018+.pdf
  18. The new rules still remain unclear however the local delegate of the Minister was present and it appears government approval was required for this export therefore the impression is the government view is positive on new mines. Maybe we hear more in a few days before John De Vries is in Tanzania obviously for this current purpose and hopefully for discussions with the new Mining Commission.
  19. Tanzania is graphite country and they would not want to lose business to Mozambique. Can only be patient for now.
  20. You have to know what is going on here. Very quick look: 7Mtpa ore plant to process 2.73% tailings. At 2% MMG & 3% govt royalty & 30% smelter cost the revenue is AUD$213M per annum at today's zinc price for 100% production (NCZ have 70% share, it seems). When ZFX were running the plant in 2007, they processed 5M to 6Mtpa of 11% ore and their annual costs (excluding royalties & depreciation) were around AUD$350M pa. (page 40. http://www.asx.com.au/asxpdf/20071026/pdf/...pmfp5n4666.pdf) Difficult to imagine processing 2.73% ore with the reagents (acid) required the costs without mining costs would be less than 50% of the ZFX costs. I did not notice any feasibility statistics in today's presentation. 2.7M tonnes at 20% grade is worth $700M in revenue at 80% recovery & 30% smelter cost & 70% mining recovery Too difficult for me.
  21. We love you here at Shares Scene, Trommel.
  22. 17 July 2017 ASX Announcement Village Roadshow Ltd (ASX:VRL) and Kirby family interests take private placement of $1.5 million in Linius Technologies Limited (ASX: LNU). The $1.5 million placement will comprise the issue of 30 million ordinary shares at an issue price of $0.05 per share. http://www.asx.com.au/asxpdf/20170717/pdf/43kp7d17fwn97j.pdf 2 September 2016 ASX Announcement Linius Technologies Limited (ASX: LNU) (Linius) is pleased to announce a strategic investment in the company from Kirby family interests. Mr Robert Kirby is the Co‐Executive Chairman and Co‐CEO of Village Roadshow, a leading international entertainment company, notably in film production, film distribution, cinema and theme parks. The Kirby family’s personal investment into Linius is seen as a strategic endorsement of the Company’s commercial aspirations. The investment totals A$500,000 for 10,000,000 ordinary shares at A$0.05 per share. http://www.asx.com.au/asxpdf/20160902/pdf/439wvzcsqsvzqd.pdf
  23. Very good & promising drill result announced yesterday, drilled at a nice 45 degree angle (dip) however by no means 'conclusive'. It was 8 metres at: * 20 g/t gold equivalent; or * 1,500 g/t silver equivalent; or * 37% lead equivalent; or * 30% zinc equivalent; * not accounting for recoveries A few more drill holes around the discovery will either prove it up as a commercial deposit or a dud. The essential need to proving continuity & greater width at depth. http://i.imgur.com/v3oos64.png
  24. I hope you scalped some profits Melua from those insane buyers. Btw, you are a good looking lady, Melua, based on your photo. Brunettes have more fun! Are you married?
  25. Marana

    EUC

    Classic HC. I am a (free-carried) shareholder and have seen clear B.S.overseas locals before, particularly on TON. The clarity of the TON information at the time easily disrepudiated those locals. I like this EUC guy. However, trade/invest as usual. The last announcement did not show any continuity horizontally therefore they appear to be banking on mineralisation that runs vertically between the existing adits (shafts). Everyone is aware EUC are chasing the leftovers & unknowns.
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