Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Cash and cash equivalents are at 436k Dam not over 700k, that figure includes trade receivables. So the 436k will include the ‘other investments’ at 108k. So basically no they don’t have over 700k cash.
I think with Matt Bull on the board and his significant holding, a placing / dilution will be kept to a minimum. As also stated in the RNS.
Funding agreement will significantly change our cash position and expect to be agreed this quarter
Placing? Hope that they've actually done something by six months!
Results are out, over 700k cash which is good amount, so no placing needed at least for 6 months
It's always a good sign when Mizo starts to de-ramp, the share price normally retraces to a new recent high!
After his last attempt the share price reached 5.4p a short time later and that high will be a thing of the past once the mining license is agreed, funding secured and MOUs are converted to binding agreements.
You know full well this is a different management team to the one that disappointed shareholders so badly previously and includes Matt Bull, who has 800k of his own money invested, has a fantastic CV and so far has delivered on this project too. Yes, a few deadlines have been missed along the way but we all know this project is heading in the right direction.
The question to ask is, what value does making contradictory statements without any substance give Mizo? If like he claims, he needs an 8p share price to break even then why would he deramp? Surely he would want to the share price to appreciate to regain some of his losses. Or is it that he missed the boat and is now trying to deramp to get in at a lower price? hmmm, I wonder
8p is only a £40m-ish market cap......
Don't know how you dreamed up that price. Up until then you were on the right track.
This is again a carbon copy of the past.
I will happily sell at 8 p and break even ,less inflation, but that is just a dream.
Voightlander's post has finally tempted me to respond.
As a ACP shareholder of many years I must remind fellow readers that ACP is an investment company, not a mining company.
I read on their own site news from 2007 and 2008, and it all seems to be the same story of extended planning, but at least I now know why they are listed as a water business!
My take is back of a fag packet: They will sell the project once they have some certainty on deliverability, that means once they have obtained mining rights. All we have to do is to evaluate what % of the NPV they can command, and their track record on their gold project does not bode well.
However, my fag packet says that if the get a valuation of £1.00 per share, and sell it for say 35%, then the maximum value we could see is 35p per share. Discount that by 25% for good luck, and we see about 27p.
I look forward to seeing that sort of price, and then I will say goodbye...................
Dream on.
Then wake up to reallity .
Hi all first post here. Been invested here for 4 years and feel things are about to become very exciting. So I wanted to share what I thought the valuations could be here - of course always dyor and assume I know nothing.
So as I see it this is a £20 mcap company, or should be as things stand right now, so would really expect the share price to be 4p+
But this is how I envision the journey of ACP and the speculative valuations that come with progress.
* Mining Licence
* Binding Offtake Partners
£30m Market cap (8-10p SP) 2020
Once the above is complete finalising the funding would follow - however could come before or shortly after the events above which is why the share price could move very quickly in the next 3 months.
* Finance
* Joint Venture
* Combination of the above
£50m Market cap (15p SP) 2020
So as I see it the major catalyst will be the mining license once that drops we should everything fall into place shortly after. The SP would be in the mid to high teens by Christmas. However after this stage comes the grind of building the mine. This is we’re I suspect we will see a lot of investors leave on whom could well be up 200-300%. If all stays stable the price could consolidate in the mid teens but quite likely to drop below 10p as I think it will fall 50% on peak high over time. But as we all know the real value comes when the mine is built and in production.
* Build Mine
* Start Exporting
* Generate Revenue
* Expand Mine
* Pay a divided
Initial production £100m (30p SP)
In time the company could be worth 500 million (£1.50) and a dividend payer which I estimate could be in 2025 at roughly 3-3.5p.
Likely we could see the acquisition of another resource/project and could well be listed on ftse250 provided conditions of trading have been met. By 2025 we could well be looking at a company that could be returning 3-4p a year in dividends and acquiring a new assets. What’s not to like?
Anyways this is of course speculative but love to hear what you guys think?