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It has been said on here by astute investors that whatever you have invested here in monetary terms you will one day get back each year in dividends.
I can wait for that.
The rush is that some of us have been here for 10 years and age is not on our side.Let's hope it starts to motor now
A gift of an entry price, once the churn is over the real rise will begin
JAdam whats the rush... we've all been here for 1 year plus... we know what's coming
wasarunner, still nowt in for Vermelho then?
It will be worth the pain Wassa over the past 12 months pal..
themuir 30p is still some way off unless it gets sold. Sale value at current issued capital £500m ~ 30p is still very possible and could still happen at any point in the build cycle.
But in time at production, with both Phase 1 + Phase 2 Araguaia producing and something happening with Vermelho 30p is very possible. My average is around 3.25p so its around a 10 bag target. I might get itchy feet around 20p though if we see that!
Thanks Muir I’m still really Slubby (unchained now!) and I still say as my later entity that we might still see 40p in September for the lot.
I really don’t care though because I have actually broken even.
Be nice pal.. from 2p to 30p... ehh Luke (what was your old name can't remember) been here a while pal lol
PIFace the beauty of this company is it offers a return on many investors time horizons. Near term we have the financing / finance complete, then we have some progress on Vermelho very possible - most likely next year now. Most are agreed we will be at full value in a huge nickel bull market 2025+ for any who can wait that long. My total exit target is 30p+ here but I don't see that for many years yet. But if we get less equity issued than I expected to fund Araguaia, that number is achievable probably earlier than I anticipated. GLA
people have been waiting a while to sell though. once they've cleared we'll start to move
you can't really make it up. Orion give us $25m we see 7p. Banks give us $325m we see 4.8p. Odd, to say the least. Never mind, the smart money will be buying/adding from here on in. Let the traders get cleared of their 30% gains.
I saw this mentioned on another board and the research and posting here was very high quality with plenty of optimism like eua last year. Lots of good bullet points and someone also said when finance comes will rocket. Thanks to those people. Vermelho is the more attractive asset still to come with the battery grade nickel that Co ld supply us market.
damn. champers back in fridge. Below my 4.47p needed!
Nice one wassa... its been a bloody long time
pickedpeck - hugely significant, that. I'd come to that way of thinking of late - they hold enough cards, and macro supportive enough, to get Araguaia financed without Vermelho. We have all this to look forward to again in a future year.
How they protect Vermelho from equity dilution - we will see! But agreed, huge result. Each of Araguaia and Vermelho in due course could be £500 mcap so with modest shares in issue, who knows. 40-50p target in years to come.
I became a millionaire at 8.01 this morning. champers for breakfast today!
Excellent deal, looks an incredibly good proposition here now
Well done HZM and well done you lovely people on here, you both deserve it!
Wasa - agreed. I was fearful that Vermelho wouldn’t be retained (the bigger and fatter golden goose), but this surely now has to be valued in at least now. With no or low dilution this could land anywhere.
I hope you are right. None of my calculations had us with minimal dilution (I always worked on 2-2.5bn shares). The potential sp here in good time, if we don't have much equity dilution is just unreal. Still to stay grounded I am very happy with 2-2.5bn shares, we might be able to see 10p finance complete (as a minimum) and then nickel and build complete bringing the upside. Plus vermelho of course. Very happy to sit at 10p next year!
Didn't JM say there would be little or no solution or did I imagine this?
Yep - but not with what looks like its going to be a massive opening GAP
Wasa - with this much as a debt facility it is possible that a lot of the rest could be dealt with via offtakes. We may see very minimal dilution.
Peck... Vermelho not diluted to pay for Araguaia either. Full value maintained
imagine 50% royalty 50% equity for remainder (at any decent premium) and we're laughing. Hardly any dilution is just about possible here. We will be higher SP by end of today for sure. How high? I think djryan's initial 7p looks a target for me!