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I wasn’t sure anyone was following this board. Here is something else recent
https://investorintel.com/sectors/technology-metals/technology-metals-intel/new-rare-earths-processing-facility-announced-in-appia-energys-backyard/
Got to love the OTC. I got stopped out at .87. Wish I had been watching instead of working out so I could have bought some back in the .60s. Now I have to wait.
At least they did not PR it before. I liked it better when it was quietly understood
Why would someone exercise warrants at 1.33 and dump them at 1.00?
Warrants already issued and accounted for in previously issued financials are not dilution. They adjusted the price of previous warrants due to some Canadian laws. This is no news.
It’s an old article
http://www.industriall-union.org/mine-closure-huge-blow-to-workers#.XcniJLkpW64.twitter
Again all this is right next door to Goviex
Not sure either. GBR thought enough of the news to request a trading halt to announce it. Maybe the news of Rob McEwen selling some of his shares has scared people off.
https://in.reuters.com/article/niger-uranium-idINL5N2785WB
Goviex’s site in Niger is a short 10km away from the mill at the mine Orano is closing
I tend to agree with you. The system is rigged for the big guys and high speed traders. All we have for us is time.
That being said, when EVLLF was running up the other day, did you think that this is the big one? Did you think it was going to hold? Or did you think it would peak and pull back?
I am curious what you think and why?
They weren’t wrong for me this time. They were way overbought by every measure that I know of, formed a near perfect evening star chart pattern, and have done almost a textbook Fibonacci retrace to the 50% level. I bought back in Friday for the same number of shares, but pocketed 30%. I might have bought back in too early.
Your right though, this company is not normal. I love what they are trying to pull off and have a base of shares I will hold till the story plays out.
I hope you did some profit taking. The technicals just got ahead of themselves.
That said, I love what this company is trying to pull off. I think the story for them is just beginning.
I called them two days ago and asked some questions. I asked what the “concentrate” really is. It is 95% metals from the PCBs mostly copper by weight. The concentrate side recovers nearly all the metals except gold which it only captures about 50% of. The rest of the gold is recovered using their patented process on the wet side. I was told the next thing they are working on recovering is the tin (the second most valuable metal in the PCBs by the way). They have several things in the pipeline they could not discuss. I bet once they get they get the bugs worked out in the Canada plant they move forward with the Memphis project. It’s an interesting time for this company. Optimistic they could be revenue neutral early next year.
Just a side note, I asked if they ever tried leaching uranium. He said it was not on their radar.
I don’t mind conversing. I don’t mind healthy skepticism towards my posts. This is just such a difficult format to reply to really long posts. I did not mean to sound rude. I tend to stick to simple replies and links. I basically only use this app as a quick check if I missed a PR. There are some people who really get carried away on this site. Just check out the PRED message board. It’s like good cop/bad cop combined with a complete separation from reality on both sides.
Email EVLLF, They always reply to me. I have had one of the executives send me his cell phone number to call and discuss issues.
I believe the narrative this company is creating could play out great. But I also realize they are an OTC that has never been cash flow positive. As for what an appropriate amount of cash burn is, I don’t have a reference for this industry besides using mining as a parallel. It cost much more to bring a mine online that it will to bring this plant on. It’s a new process and there will be bumps if it even works.
If you don’t know about MineworX, then you need to familiarize yourself more with the relationship between the two companies and the Vancouver plant. If you are hoping for someone to talk you in to buying this then you don’t need to buy it.
As for smelters only charging x amount per pound. It’s expensive to ship 20 tons of circuit boards to them. Then on top of that you will get 500g/tonne from high quality PCBs that you have to remove all the extra components from first. At $1500/oz gold price that means there is about $500k worth in 20 tonnes. (1 ounce = about 28 grams) So for a 20 tonne shipment you might break even on only the highest grade stuff. I can keep going, but you seem to be oversimplifying the process a company has to through to get the material ready and then get it to a smelter.
E-waste is getting attention from the woke crowd and it won’t be long until some big company starts seriously marketing that they have a recycling program. Burning plastic in a smelter won’t appease the greenies.
https://www.mining-technology.com/features/featureshould-cyanide-still-be-used-in-modern-day-mining-4809245/
It’s only a matter of time before cyanide is no longer used.
They talk about all of this in their financials and financial summaries. Do your own due diligence. The fact that you know very little about MineworX tells me you are just starting to look into this.
Don’t rely on anything I say. Either the narrative they are building is something you buy or it’s not.
If they can prove this process works on a large scale and become cash flow positive then they can survive to get into other areas. There are some really high grade gold discoveries in jurisdictions that don’t allow cyanide and acid leaching. If this plant can do enough to produce an income stream for EVLLF and MWXRF to be cash flow positive and demonstrate the effectiveness of their methods then there becomes a real possibility of joint ventures and partnerships in mining.
As for those companies that will “refine” PCBs. They are horrible polluters. For a company looking for end of product life recycling solutions they are not a marketable option. EVLLF can supposedly separate all the fractions including the resins for recycling. Instead of just burning off all the non metals they allegedly create multiple recycling streams and produce very little waste. This would appeal to the greener minded and fit the narrative of higher profile companies that love that kind of PR.
It all boils down to if this plant can actually do this on a large scale.
I am fortunate in my position in this company and it’s one of the few recently I have moved in and out of at the right time to the point I am on a free roll. I am going to let this story play out. Hope this helps.
Fingers crossed. Two months since an update is a long time. I hope it’s big news about the plant.
Any word on why trading was halted besides the generic statement from iiroc
Waiting for Gadot is the perfect analogy for this stock. Maybe coincidentally this is the second board today that I follow that posted this reference albeit for a different stock.