RE: TRADERS11 Sep 2023 16:48
1] the current market cap is covered by their investments in FMET and PNT [that they themselves are at all time lows] currently valued at £2.6m combined, resulting in PALMS mining assets having no value attributed at all. Yes, even dogs like decades old TYM have their assets valued at £2.5m, PALM, £zero. Add a poxy £2.5m to PALM's mcap and the sp is 6p.
2] Any uplift in FMET or PNT puts an even better foundation to the SP
3] Assets all in Tier 1 jurisdictions removing geo-political risk with very encouraging prospects.
4] Aug 31 CL placing at 4.1p half taken by insiders- a few sellers thinking CL is bad; its not . But the ask has been loaded to the tune of 5m shares looking at the trades from Aug 31 - I am expecting a large trade to balance all the buys [about 5m ] and I'm guessing its Peel Hunt selling up - they had around 5.5% - figures tally. Currently well bid at 2.82, Someone has bought 3.5% last week and NT for over 300k points to an inflection point for the sp.
PR seems to be on the increase and BOD well respected.
Around 35% directors and /or sticky after Peel's exit.
And the bit I like in the finals:
"Your board is committed to finding ways to add maximum value within the shortest possible timeframe and accordingly is forever on the lookout for opportunities to develop and enhance the project pipeline of the Company." and
with a investor meet on the 19th, will we learn more. about "We have therefore developed the business to a point at which the portfolio may be rapidly commercialised" - from the finals again.
3 tier 1 assets full of goodies valued at £0 and uranium and more with FMET [cashed up, like PALM] points to a unique risk reward opportunity rarely found.