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what will they get for the mill ...by the time it gets bought and used it will be 5 years old be lucky to get a million back..la india has had a lot of problems maybe will get no reasonably offers metitza is a very valuable asset which should get quite a few offers...my guess metiza will be sold..and the money used to fetch people in to get a mine built at la india ...without metiza what will the company be worth????
Wow, in that case I'd hate to see you disappointed. You complain more than my wife does.
This isn’t so much a disappointment more of a dick Turpin at work
Slim I'm wondering if you b**** this much about the rest of your life's disappointments? Do you have a youtube channel where you whine non-stop about crypto? Back on to the ignore list you go.
I agree on the options. I doubt all will get exercised, either due to expiry, unwillingness or simply that the SP will not reach the strike level. I’m sitting around 60p for a valuation level but I doubt the SP will get beyond 40p due to the legacy unwillingness for the market to give full value and the likelihood of selling activity on the way up. Any options or warrants above this level would not get exercised.
From a timeline perspective I reckon they want a quick sale. With corporate taxes on the increase I suspect that a target sale would be by the end of March, although processes like this rarely go exactly to plan. If it doesn’t go by then I would imagine June or July would be more likely, the early exit heat being off.
I somewhat surprised at the number of investors walking past this given the early gains on offer. A fairly instant doubling in share price could be on offer on news, albeit a lot of volatility on the way up.
All done and dusted by June marks words not a ducking chance my words man got more story’s then Jackie Collins
All time high for pog
16yrs development
6.6mlion on a mill
O yer we are not miners
Story time with onion head
Could these options be a reason we are going for an assest sale rather than selling the company? I.e the get the money, keep a % to wait for the warrants to become available and then the warrant holder converting the warrant? Does Jim's new warrants at 15p have an exercise date like the others?
Oh, and they expire after 5 years as well.
A quick observation, which you may have taken account of, but I didn't see mentioned...
All options have some initial restrictions on when they can be exercised. None can be exercised until one year after the grant date, then only 50% can be exercised until the 2-year mark. 100% thereafter. So none of the 2022 options (granted 13/09/2022) are available and probably only 50% of the 2021 options will be available (granted 1/6/2021).
Open pit BFS only:
Indicated 827000 x 100 = $107,510,000 ($160 reduced to $130)
Inferred 69000 x 20 = $ 1,380,000 ($20 standard average)
Total 896000 $108,890,000
Convert @ 1.22 £89,254,098
Cash raised £16,744,748 (options\warrants if full dilution)
Land & SAG mill £10,000,000
Total £115 998 847
Full dilution 239,779,657
Per share value 48.4p
Upsides - add in some value for all the other gold resources:
Hi grade
Indicated 1088000 x 30 $32,640,000
Inferred 1190000 x 20 $23,800,000
U/G
Indicated 194000 x 30 $5,820,000
Inferred 898000 x 20 $17,960,000
Total $80,220,000
Convert @ 1.22 £65,754,098
per share value 27.4p
Total 75.8p, say 76p (ignore the 84p suggested earlier; I was using $160 top end vs. $130).
So, my range is 48p to 76p but I fully acknowledge that you can up the numbers give gold's bull run at the moment and that you can add in something for intangibles such as good relations with the locals and politicians and future potential. On a really optimistic scenario you could at a stretch make a case for 100p, albeit I reckon it's as unlikely as 40p at the other end.
My actual expectation is still sitting around 60p, although hopeful of a bit more.
Feel free to kick it around. The chances of me being bang on are remote. I just hope I'm in the right ball park.
Rest to follow. I caught a bloody key while writing.....
Updated for the results of the open offer. Expressed in a per share terms I reckon on somewhere between 48p and 84p, depending on what valuations you put on reserves\resources.
Looking at the dilution question first.
Options - officers
1,850,000 x 0.22 £407,000
3,375,000 x 0.42 £1,417,500
2,650,000 x 0.48 £1,272,000
3,900,000 x 0.285 £1,111,500
11,775,000 £4,208,000
Options - non - officers
4,284,000 0.42 £1,799,280 (guessed average as the strike prices unknown)
16,059,000 (options)
Warrants
8,194,125 x 0.4 £3,277,650
5,857,138 x 0.5 £2,928,569
5,803,570 x 0.35 £2,031,250
16,666,666 x 0.15 £2,500,000
36,521,499 £10,737,468
Total 52,580,499 raising £16,744,748 (depending on non-offer strike price assumption)
For full dilution add
In issue 180,532,491
Options 16,059,000
Warrants 36,521,499
Loan note conversion 6,666,667
Fully diluted 239,779,657
I doubt everything will get exercised so 240m is top end.
Open pit BFS only:
Indicated 827000 x 160 $132,320,000
Inferred 69000 x 20 $ 1,380,000
Total
Don’t like the chart on ATM plus the indicators are all showing divergence.
Might be wrong but not one for my Ghost Portfolio LOL
Ccc. Not tolerated by some on here . Personally always happy to be thrown something to check out. I am in Kdnc and having a nice little ride there. Looking to have a bit more lithium in the pf. Copper and uranium working for me too.
Been a nice little op on crypto related recently . Arb and Obc . Obvs timing crucial as ever. Been a pleasant new year generally .
Will take a peek .
Good luck
Price paid for gold in reserves ($/oz)…
In 2022 “the focus has shifted to nonproducing assets…”
https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-rrs-2022-m-and-a-price-paid-per-ounce-up-on-high-market-price
Firstly my apologies to those who are not interested in other investors recommendations and i can't blame you, but i am going to bite the bullet and give one.
ATM which use to be Afitin mining, just renamed to Andrada mining, currently a Tin producer but is very near to becoming a Lithium producer, the board is very excited for the coming year ahead and there is huge global interest in the Lithium product ATM has by the shed load.
By all means pass this by, but while we are waiting for any developing news with CNR and would like to find out more about ATM to make your own investing judgement, then this is as good as anything out there in my opinion.
We’d be rich if it wasn’t for the pesky dewampers lol.
You have got fiddly squat correct. In fact each time Zi have called the next dilution you have called it de ramping. It’s not decramping you fool it is using your common sense. 4 deramping dilutions lol. And then you try spinning it when it happens. You really are something else. How are your £ plus predictions looking??? Oh yes mc said do . Muppet
Seingred is a serial deramping trader. Agenda driven opinion that is so transparent. If you are a shareholder and buying more at the moment why would you deramp about the sanctions. The sanctions fall has been recovered by Calibre and others precisely because it is not an issue. Sleepy Joe is too busy looking for documents in his garage to bother about anything else and the sanctions at that time were blatantly electioneering. No more elections for 2 years.
Best to filter those who speak with a forked tongue.
No worries Seingred. Yeah, most other money is in funds and more boring stuff. Never been interested in crypto stuff. In some gold and silver producers but main interest is here.
Cf, thought for sure you were sherwood ont other channel.
Sorry to hear you Havnt got lower average. Hopefully you have some other performers.
Hey joe, you know where u can go.
Nobody on this billboard can say with any certainty how this will end. Differences of opinion are welcome in my view, but really the personal comment should be left on the other billboard.
Exceptionally childish comment there from Seingred....
8 minutes-ish.
Roughly what time in the podcast does he mention CNR? Tried skipping through bits as he covers loads and short on time to listen to it all.
A nice mention on Doc Holidays podcast today on Twitter.