u/expatcoder

Sounds like Metspar production is finally approaching; here's the Facebook thread

James will be giving a "firm" production start date in the coming days. Looking forward to a fixed roadmap, rather than ongoing uncertainty around when the company will actually start producing revenue.

Generally speaking over the past year the longest downward stretch we've had has been around 2 1/2 months, and with a week to go before reaching that mark we're getting close now.

Obviously the macro environment will have a lot (everything?) to say about where UUUU goes from here, but looking at next week as a possible trend reversal with UUUU and its uranium peers starting to climb higher again.

That, or we're simply absolutely toast, lol :)

Conditional use permit for Industrial/Manufacturing activity, which I take to mean Metspar/Acidspar production since they've already got the mining permits and have been stockpiling ore.

Assuming the vote is passed successfully (i.e. in favor) then that marks the go ahead for Metspar production, assuming that work crews can get the lumps plant completed, test runs run, and then kick off the first production run.

Hopefully this all comes together by end of summer, but we probably won't hear a peep from our CEO on the matter until the very last second :)

Giving it until end of year, if no substantial progress has been made with respect to Metspar/Acidspar production, tax loss harvesting it will be for ARSMF...

Curious to hear what other Ares investors think about when Metspar production will begin.

Since our CEO is famously non-committal around such taboo topics, and all we have to go on are snippets like the lumps plant being "95% complete" (from RCTV interview fully 3 months ago), perhaps we can guesstimate how far off production actually is.

The most recent update indicates that they're still working on the plant ("To bypass external supply chain delays on required piping, our team is installing locally procured Schedule 40 piping networks"), and James' last production reference was from the aforementioned RCTV interview in early April where he counters the interviewers statement that production will begin by end of year with, "oh, no, much sooner, just a few months", which is the classicly vague "committment" we've come to know so well coming from the Ares commander in chief.

Saw another redditor state that a lumps plant test run would be happening by mid-July but didn't see a source for the claim.

My guess is by September maybe the plant will be ready to go, and if there are indeed these mysterious customers (who are they?) anxiously lying in wait to get their hands on Ares' precious Metspar, then maybe this fall we'll, gasp, see first revenue.

Have my doubts though, even with such an absurdly low bar as producing low grade (minimally processed Flourspar) product, I think somehow James is going to go full "dog ate my homework" and production won't happen until end of year.

Feel free to counter my skepticism; this investment has me feeling pretty sour on JW's capabilities in running a company anywhere but directly into the ground; see his other masterwork, Nano Nuclear (NNE), for the track record of "success" :)

That's the dream, any recent progress on this front?

Have been away for awhile but I know that Scala Android was brought back from the dead by makingthematrix, albeit with a dependency on Gluon, and on the iOS front there really isn't anything short of React Native or other JavaScript-to-native option.

It's a big ask obviously, but it would be amazing to be able to just write Scala and deploy to various platforms.

Open to any and all suggestions, including AI Scala-to-X translators, or other means to stay in Scala land as much as possible.

Have been thinking about the various pieces to the Ares puzzle that will (hopefully) get us into production sooner than later.

Ares has been working with Provo Mining since the beginning; these guys do the actual work, from preparing the Lost Sheep mine to building out the production plant infrastructure (staging, electrical, etc.).

Then Bob Li's group supplies the processing equipment, and in the case of the flotation plant, the expertise to optimize refined Acidspar according to DoD specifications, and ensure expected throughput (i.e. be able to produce at scale).

Sorbie Bornholm has been one of the primary capital providers, and are part of the reason why site construction continues.

Department of Defense awarded the (upwards of) $250,000,000 contract to provide Acidspar to the military, with payments made on successful delivery of product according to specified purity (see Bob Li's expert group above). And then there's the Metspar market, which James Walker recently said customers have visited the site and are presumably looking to buy product from Ares as soon as available.

These are the main components that make up the Ares thesis, and it's certainly a compelling project, the potential is clearly there, but now James Walker and co. need to step up to the plate and deliver.

It seems like Metspar production is near, the lumps plant is effectively complete, so as far as we shareholders can tell everything is very close to being ready to go. And production is likely the only catalyst that is going to drag us out of the mud share price-wise, since Ares is a pink sheet CSX stock that gets zero passive index buying and institutional interest (other than Sorbie) to help buoy the stock.

Curious to hear what others have to think about Ares moving forward and what else other than the above will help to right the ship.

Where are we headed?

For today at least we've decoupled from CCJ and UEC, which is unusual, normally uranium sector trades more or less together with CCJ seeing the smallest swings, UEC the largest, and UUUU just behind with respect to volatility.

Already we're trading below the 200dma, which is obviously terrible since we've lost structural support, so the question is, what's going to break us out of the slump?

Assuming ASM deal closing in a month or so will provide some kind of spark, which will hopefully convince the market that no, Energy Fuels isn't on the verge of insolvency :)

Then we've got Donald Project FID in, I believe, Q3, so we do have some big ticket items on the horizon, but in the near term we've just been getting absolutely punished, would be nice to see some positive momentum again...

Obviously if you're still in the stock you're most likely trapped and/or have conviction in the company reaching production and the share price eventually turning around.

Wound up buying another 20K shares in the $.21 to $.22 range given today's absolutely massive selloff as it seems overdone, but we'll find out in the coming days whether or not this is the case.

Now, back to conviction, clearly the stampeding herd that headed for the exits today have none :), but for those of us holding heavy bags, what's your take on today's abysmal price action and the prospects for the company moving forward?

Nothing changed with respect to production timelines, which, if we're to believe the CEO, are set to kick off in the next month or two -- i.e. in James Walker's RCTV from two months ago he stated that production is just "a few months away" -- given that the lumps plant is effectively complete.

The flotation plant is another matter, but Acidspar production will probably be more toward the end of the year since as far as we know no work has been done on putting together the plant components, and testing/purity validation is much more involved than simple crush & grind lumps plant Metspar production.

Not thrilled with the share price direction -- pretty hideous after landing that massive DoD contract, raising millions of dollars, mining tons of ore, and making huge strides toward production -- literally the entire past year's worth of share price premium completely erased as if Ares consisted of some cash in the bank, land, and a deserted mine out in Utah with some active mining permits.

Curious to see what James' next update consists of, and whether or not he addresses the elephant in the room (collapsing share price under his watch).

Obviously the new board appointee has investors feeling uneasy given the individual's "interesting" history in the financial services industry.

What's not being talked about, however, is the departure of two board members (Paul Sargeant amd Raul Sanabria).

> Paul is a registered professional geoscientist, who brings significant technical and leadership experience to the role and Company.

> Raul Sanabria offers 20+ years in exploration geology, specializing in mineral deposits

I guess they performed what was needed during the ramp up from defunct/abandoned mine to the present day, and now is the time for some good ole' fashioned fraud, lol.

Joking, joking, the esteemed Mr. Esteva actually has at least one redeeming quality that I admire: he's a gambler. When, as a financial services advisor, you transfer funds between unrelated client accounts that tells me one thing, he's trying to make it happen! Go big or go home as they say.

All kidding aside, further selling pressure today, looks like we're heading back to pre-October prices, which is quite the "accomplishment" given the massive DoD contract, raised capital, and the company being on the verge production -- the way the stock is trading it's as if none of that happened, now trading at intrinsic value given cash + plant + equipment + production Flourspar mining resource liquidation.

I continue to be astonished by how such a sure thing, isn't.