@honestrickGood on you Honest Rick. I agree with your analysis....

@honestrick

Good on you Honest Rick.

I agree with your analysis. We have the potential to hit 7c by end of November imo. The buy side has stacked up nicely and the sell pressure has backed off. It seems we have picked up a few new holders and longer term holders have added further to their holding. All to be expected as we build towards the Demonstration Plant completion and first MgO.

Imo, the 10c marker is conservative for first MgO production and a re-rate is well on the cards. The news of first ever magnesium produced in Australia and only the second company ever in the southern hemisphere (RIMA) will surely make some headlines and draw further investment.

It will be awesome when we start climbing at .05 increments.

At the AGM I will mention your reporting idea but don't hold much hope given the work load at this pointy end of the stick. The push it took to even to get a monthly report was like pulling teeth.

We should hear some news regarding finance for the 100,000tpa plant soon and as @tropic pointed out, we have a swag of other news on the near horizon.


Here is a link some may find an interesting read.

https://www.rima.com.br/en/magnesium/#:~:text=RIMA%20is%20the%20only%20primary,a%20highly%20vertically%20integrated%20process.


RIMA uses a modified Pidgeon process that is touted as the lowest ever CO2 emissions for magnesium.

Compare their CO2 to estimated emissions from LMG and we well and truly are likely to take out the next Award from the International Magnesium Association. The award is for ENVIRONMENTAL Responsibility.

Awards draw International interest and investment.

"The Environmental Responibility award recognize companies that are playing an active role in reducing the magnesium industry's carbon footprint and that exemplify the industry's commitment to environmental responsibility."

"The award is presented to companies that demonstrate their commitment to environmental responsibility. The merit of entries is highly dependent upon carbon dioxide equivalent reductions and also based on innovation, technology, sustainability, synergies and economics."

"Congratulations to Rima Industrial for its submission, Reduced Primary Magnesium Carbon Footprint."

"The RIMA Process Study showed that RIMA's plant greenhouse gas emissions are only 10.1 Kg CO2eq/Kg Mg due to massive usage of charcoal and renewable sources of electric power"

https://www.intlmag.org/page/showcase2023

"LMG’s plant is estimated to produce 9.7 tonnes of CO2 per tonne of Mg - 53 % lower than the traditional magnesium producers’ average emissions of 21.8 tonnes of CO2 per tonne of Mg. LMG produces no CO2 emissions in the production of its SCM."

"With a renewable energy supply, CO2 emissions from magnesium production from a ferro nickel slag feedstock are estimated to be as low as 0.7 tonnes per tonne of Mg."

https://www.latrobemagnesium.com/sustainability

Great prospects ahead from many different perspectives imo.

Regards Ken

Ps. Hi to all new holders