IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Lse doesn’t like the link. Directors Talk it’s on twitter
https://www.***************************/a-glimpse-into-firering-strategic-minerals-ambitious-quicklime-production-plans-video/4121163558
Clynto
only a day out bud.
anyway,still on the bottom,even with this blip up,
“The project is debt free with an estimated resource of 73.7Mt @ 95.3% CaCO3 and an estimated limestone stockpile of 190,000 tonnes, which will be used to start production.”
When limestone (calcium carbonate) (CaCO3) is heated Carbon dioxide (CO2) is driven off leaving calcium oxide (CaO) which is also known as quicklime.
Depending on global location Quicklime prices per tonne range from $150 to $300.
Let’s say at bottom of this range, they’re sat on over $25 million of stockpile to get started.
Could get tasty here. Their twitter is already showing videos of the crusher in action, and kiln to heat the CaCO3 is fully permitted.
Might be a very different price by end of this year.
Slightly above it,but 3.10 looks like the bottom..imo
And not relying on equipment from Italy !
Since then lithium partner, great results and this excellent cash generating project bought.
Should exceed the IPO price soon
so i helped finance this, met the vendors (who own the asset and a chunk of frg). they've bought this for a tiny fraction of the build costs. it's all in very good condition, it barely got started when glencore pulled out of country having fallen out with the previous political regime. they have plenty of buyers lining up for end product. there is huge demand. they have plenty of ore on the ground to process. finance is in, it's pretty sticky, largely as the upside on this is mighty handsome. quickly into cashflow with first two kilns and all costs/expansions financed from cash flow. looking forward to the broker notes, some of the early '*** packet' maths suggested an irr of over 1000%. even if you divide by two and two again and two again that gives you over a 100% irr which is sensational. operational risk is firing up those kilns, they were inspected during the dd so crossed fingers it all goes to plan. by year end this should be a very different company, making money not chasing dreams with limited cash at disposal.
Dibs/bankrupty. Any thoughts on the fundraising ?
Dibs, well the drilling is now completed but really no interest shown in the share price. Guess the next news will be the results.....
Radio silence. When is this company going to update the market. They started drilling back in January and suggested they would be updating as and when? Helloooo
Strange one this, never holds any gains
They have said they will update the market as intercepts come through. Drilling commenced 9 days ago.
“Although the RC programme is expected to conclude in four to six weeks, we will update the market as intercepts are made available over the coming weeks. Samples will be sent to Intertek for assaying and first assay results are expected during Q1 2024.
"This is an exciting phase for our flagship Atex Project and am looking forward to announcing the assay results in due course."
I’ve taken a small position here and will see how it goes.
.....refreshing for a change on AIM.........finally a company doing what it said it would do!
Well Done Firering!
GLA
Think we got the spark
Needs a spark
Sp always seems depressed
Unusual buying activity here.
Its a shame NH has left tbh, totally understandable, but still a shame.
We haven't yet had a phase 2 funding commitment from RICCA RNS (as the amounts were to be done in batches at set points, with set rewards). At this stage its to hard to tell if that's because they don't see the value right now (for whatever reason), or if we just haven't got to phase 2 point yet.
The limestone part is interested and was def a curve ball, but I would like to see a few more figures put out there for us so that we can see what rev/profits it might bring in.
With Neil Herbert leaving I think the funding from the Lithium deal with Ricca is unlikely to materialise especially now lithium companies have a lower valuation. At least the company has managed to pivot towards limestone
It's difficult to know exactly because we don't know all the operating costs, but I would imagine that once they're up and running it will be a fairly profitable, cash generative sideline.
I looked into one of the main operating costs of quicklime production in Zambia, which is the 20KWh of electricity required per tonne to produce it.
Zambia has about the cheapest electricity tariffs in the world, for both personal and business customers, at about 4.4c per KWh for businesses, so the energy cost is less than $1 per tonne.
Quicklime itself, when I last looked, sells for $80-$100 per tonne. Like most commodities prices fluctuate somewhat, but I expect the Zambian market for quicklime to be fairly robust and transport costs (paid for by the buyers) will be relatively low making it attractive to local buyers, ie Zambian copper miners/producers primarily.
Does anyone know the estimated net profit per ton of quicklime please?
Interesting development indeed!
Firering are intending to acquire around a 28% interest in a near-term cashflow producing asset which Glencore has spent in excess of $100m developing, right up to the point of commissioning, for about $5m. So, that's about $28m of Glencore's expenditure bought for $5m, and the good bit is that Firering didn't need to work for and wait x number of years for it to get to the production stage.
I also note that the limestone is of exceptionally high grade at 95+% calcium carbonate, which means less waste and cheaper to convert to quicklime.
By my rough calculation the resource is equivalent to a mine life of around 175 years, using a conversion factor of 1.8 tonnes of limestone to 1 tonne quicklime and producing 600 tonnes quicklime per day. (Please feel free to correct me if I've got this wrong.)