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Billy. Bit puzzled as to why you see a 7 to 8 bagger when sp hasn't moved with sale of manica for more than the m/cap.
NTMU you are right about risk reward on aim. The biggest risk is running out of cash and that will not happen here now so at 11m$ market cap with cash flow of $17m and some very interesting assets. this is not the company it was even a few months ago.
along With a444 and many others I put money in at levels multiples of the current level when I could have netted a handsome profit at 8p on my base holding in early 21. I got greedy at that point and added more at 4 and 5p so overall loss here too when a sale was promoted- you have to learn your lessons.
Cb got the promotion of br badly wrong we all know that - doesn’t mean we aren’t sitting on some v interesting licenses here (and the other cos) , money to invest as well.
I think there is also a strong local team around him in Zambia which is good news and a v capable operator in Martin Churchouse who is the chalk to Colin’s cheese
With an average of 5.5p - I say to myself walk away when it gets to 3p (sorry if it ever rather than when) -butg I know I will not. Hope, greed, springs eternal but I hope I sell all when it reaches 5.5001
I did think about averaging down (again) but I'm past my comfort zone now.
My average is 3.5p, every penny rise is worth nine grand to me.
10p would be perfect !
Are you listening CB ?
Generally, I'm guessing that some with deep pockets and brave souls / keen gambling ethics and averages in the 4's and 5's and 6' p may decide to average down here as we go.... which should help this s/p rally..
(when I saw that 18k buy this morning.. someone averaging down came into my mind quickly.. for eg )
Timing is important in any such averaging down play..... and the the coming weeks may be seen by some as a good time to do this ..
(BUT this remains a high risk bet generally.....no different to much of AIM though, in truth.. place your bets as you see fit - or not - and hope for the best.. etc )
PS: Towards practicing what I preach, I did average down punchily here a while back.... and am at my max bet size allowable per stock here already now (but having sold down plenty in profit, that averaging down was from as smallish base position and so I got good bang for - relatively - far from huge buck.. and I understand averaging down might easily be a bigger financial decision for plenty here though.. so please don't see anything I say in this post as advice to average down.. this is betting; anything can happen.. etc
IMHO & DYOR
We will see the whole resource sector start to rerate once it kick starts with M&A activity increasing which will see market caps of companies holding desirable assets start to increase under even limited buying pressure (seen historically.)
Particularly if a resource is defined in Zambia from phase 1 and certainly when BR economic performance with a desirable IRR is on a par to compare with similar projects.
One of those sold will see a big jump in share price, but for now I would support Andrews opinion. Let’s not get carried away again.
A44 thats what most LTH's are waiting for, history to repeat itself.
5p (magic 9p with some creative license from CB)
All the above in a short time span of Manica and BR required.
"I’ve been here since 2017 when the share price was 1p (albeit quite a few less shares ) scrabbling for a bit of alluvial gold income wondering if a mine would ever get built. the current situ much much better imo"
Yes agreed - but the co is only in a better situation because of the money many LTH have invested. But many of those LTHs (last 3 years) need this to x3 bag before they are in profit .
We (LTHs) have not benefited financially from this improvement in the company's fundamentals - which was facilitated from OUR money.
Any newbie buying in at this price will almost certainly do very well.. and LTh may even get their money back or even make a slight profit !
So digging a little deeper, it seems that with access to Anglo’s historic data pack, it has enabled the fast tracking of the early stage exploration strategy. It will save an estimated US$1.5M in direct exploration costs during the first Phase 1 of the Joint Venture.
Reading between the lines there could be good reason to be confident of finding something.
I think we are now in a very good position with $17m pretty much guaranteed cash, 2 licenses in the hottest copper spot in the world.
Bushranger in the back pocket for as and when we hit 10k copper.
I’ve been here since 2017 when the share price was 1p (albeit quite a few less shares ) scrabbling for a bit of alluvial gold income wondering if a mine would ever get built.
the current situ much much better imo
Wouldn’t be surprised if Colin adds another license in NW Zambia pretty quickly for xtr, maybe a couple , there’s one obvious spot to grab imo
Nice to see some sort of a rally here today..
It's a racing certainty that I'll never be accused of being a fan Mr Colin Bird...yet still, I'll freely admit that this s/p is unfairly low by most all definitions of my valuation criteria.. 2p ish far more than 1p ish is what I currently value this share at, even by bearish valuation criteria..
IMHO & DYOR
Frim GM, there are geologists already on the ground, sounded like they were camping rough, mention of black mambas made all a bit like indiana jones. Also likelyhood the holes will be much shorter, 120-180 m. Sounded like there would be 12 holes targetted in the 1st phase?
Somebody knows something.
£18k buy at 9.52 am
1,394,962 shares
Yep slowly going up under the radar at the moment
1,29 on the ask atm
Worth pointing out that there will be quite a significant difference to the task of defining a resource this time round from the Zambian licences to what was required on Bushranger.
The different characteristics in the types of mineralisation that are evident in Zambia, will not be disseminated or spattered in nature and difficult to follow any trend like BR porphyry’s did. Where it constantly thickened and thinned and meant was unpredictable and so needed more intensity of drilling to define a resource. Those earlier drills were simply to just try to ‘delineate’ or outline an ore body.
So if there is a find, of which there seems to be a firm belief from others directly involved that they expect results. It will not follow the same exploration path as BR took. A resource can be more confidently defined with far less drilling intensity.
So when you hear Colin state that the plan is to loosely define a resource to sell it on there is not technically any reason to disbelieve him or accuse BS in that respect.
Thanks Bob was part in jest of course, but it does open up some questions, like were those artisanal workings mined for copper or are they associate indicators that coincide with a trend? Have Xtr already commissioned any of their own air or ground surveys in that area yet that supports that starting location? Or are those the first steps?
Any thing else you can recall mentioned from GM however insignificant?
I think we are all thirsty for more news around what is already known now.
There was deeper reasoning, analysis of previous exploration, new ways of looking at those results, and things seemingly being in a straight line.
If you're wanting to find Zebra you don't go looking in South Kensington, Zak
I'm confident that Mr Colin Bird will find Zebra in Zambia, in fairness.
Very hopefully he finds Copper too.
Not being cynical when I say that, if after months of expert analysis and geological mapping to determine the architecture from all historical and all other more recent data, the highly experienced geologist team have decided to just drill near where there are artisanal workings evident. I hope that’s not what you are implying Bob 🤔😉
‘Laughs nervously’
From what was said at GM I am expecting after analysis of historical data, by (April / May), drilling should get underway, most likely in southern part of the donut shaped sector, as historical artisan workings are evident there.
"It's like a Gord smoking a cigar riding a Elephant Zak !"
I wonder when the drill programme will be announced ?
That could double the SP from here alone.
A return to Zambia
It isn’t just Anglo American that is considering a return to Zambia. ZCCM-IH Board Chair, Mr. Kakenenwa Muyangwa said: “We are meeting people who looked at Zambia 10-15 years ago, and decided to invest somewhere else. Now, they’re coming back and saying ‘I think things have changed; we want to find out what we can do within Zambia’.”
Mr Muyangwa said there was a mixture of “investors, partners, potential partners, suppliers, and funders” who are looking for opportunities. “There’s a lot of excitement, and it’s from all over the world. We’re seeing interest from the Middle East, from Europe, the USA, and all the other traditional potential sources of investment – and we’re talking to all of them.”
https://miningforzambia.com/all-eyes-on-zambia-2024-mining-indaba/