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likewise you and your family
on the m/cap all we can do now is jump on and enjoy the ride, lots to fall into place but with 3
gold prospects 2 near term and the potential growing revenue in the energy sector division
they recently established
The potential revenues in a year or two could be colossal , only time will tell the story on that
one but at this stage can't remember to many with so much diverse potential over the years
GLA
I spend my time fishing here off the coast, deep sea and shore. Have a little stretch of the Tay with some chums and enjoy the peace of it all.
Was working on a balcony in swanage bay this morning looking out at 5 cruise ships.....Covid reminders everywhere.
I’m coming round to your mcap thinking. Let’s hope so!
Stay well
Thanks for the offer
wrong end of Britain but know you lovely area well, its a good few years ago now but use to
go deep sea fishing down that way regularly stayed anywhere from Mevagissey to boats out
of white sands bay near you
tell you an old shark story sometime out of business hours lol
Well just look after yourself. Where are you in the uk? If you’re local to Dorset, let me know if you ever need anything. Genuinely.
Type 2....my daughter is type 1 with my dad type 2. They both suck (types that is, not my dad or kid -doh!).
Just stay fit and out of range of moronic non mask wearing knowitalls!
Shout if I can ever help
HaHa
just seen your post C2029
Sadly at my age , like the future share price of MNRG out of my hands and all in the lap of the gods
lol
only so many times they can service and source parts for a vintage roller , before it fails MOT
or Mort as the French say :))
The day to day stuff fancied my chances for a while yet with the medications but the new beast
seems to see the likes of me as an all you can eat buffet
dicky ticker/BP , diabetic t2, and immune system been toast for a good few years after getting
a bug in Africa (kid/liver damage)
so I am the clapped out banger in the rear parking area behind the show room these days
every day a bonus ball lol
Hi bags,
For Christ’s sake, stay safe! Hope you stay well.
Look after yourself....I need a good chap to bounce stuff off. Live healthy and happy
Xx
Another good purchase. The intent is there for such a small market cap company. Seriously going places in few years time this one. COBR well up today, we own a percentage there also.
this a long term empire build by the looks of it , I probably will not see the benefits of it
(health issues and 0 chance if covid comes a calling)
mine will end up with Marie Curie probably (looked after mum and wife)
Hi bags
I hope you’re actually right. I just know that HUM produce 10,000 ozs per month at 40% gp and their mcap is 140m. Granted, the ceo is considered a bit of a spiv and a tool.
In terms of LOM, it’s a sweet little deal. And plug Arizona in, with a dedicated guy at the helm. This has the hallmarks of a great progression for mnrg. I’ll be loading up on Friday when I can get my fellow trustee to sign the blooming mandate!
Looks like I made the right decision to sell on news (peeps so predictable lol) and will buy back in shortly as RNS was really positive imo...
12,000oz per year at $2000 is revenue of $24m lets be harsh and say only 33% profit
most company's get a market p/e of 8-12 so say we get middle for diddle 10
10 x 8m = $80m cant be bothered to look up todays x rate so call £70m
that's 14 x current market capital and the rest of the portfolio to add
saw ggp and eau as £250-300m mc when both struggling to clear 0.5p now a billion
guess my history says I underestimate lol :))
GLA
SP dropping like a Dead Cat, will it bounce.
I may miss out on current entry level but I am waiting. 750m shares to be issued against the current shares in issue of 365m. In addition how many shares will issued for the cash placing?
I think the 20-30 times is a bit high.
It’s only 400,000 ozs.
4 times mcap definitely realistic in mid term.
A nice little deal
The new AQ could be turning £10-15m clear profit in deal done +1yr
at a p/e 10 we could have a mc value of £100-150 based on that alone
could have 4 x shares in issue but x 20-30 MC on new AQ alone
GLA
I had a similar moment a few months ago. bought Valirx (VAL) at 8p. Watched it climb to 12. Then placing cut the price to 7p. Money used wisely to grow the business. I later sold many of the shares at 55p. Obviously hoping for similar here (not ramping !) but much depends on the potential acquisition of course.