Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I’m not sure who else sent in questions or if we all had the same ones but they certainly went through all of mine.
There does appear to be a lot of confidence from the board. You always think you are undervalued, but there genuinely seems to be a lot of value realisation possible from existing/better progressed assets to stabilise the company value before Senegal and Cameroon come into the mix. It doesn’t appear to be any smoke and mirrors.
I feel more confident in letting the specialists build out the map of resource based on the drilling rather than me just reading 1g and think that it’s poor. Again, it didn’t seem fake or exaggerated, to me they seem genuinely enthused by what they have seen and therefore given their background so am I.
I have said it before that 2021 is a year for work and 2022 is when value will start to be realised and drive the SP and from the session nothing has really changed that for me. We may (and I hope) that we will see some reversals of the current SP direction shortly based on the next batch of results and some good news from IAMGOLD, but it’s clear we need to do a lot more work to get some more interest and buzz going for either some of the other Cameroon licenses or more work in Bibemi to get proof/feasibility of an asset.
Whilst I am not on as much of a % loss than some on here, I still am at a significant loss both £ and %. However, I remain comfortable and confident in the future. It may have been nicer to hold off on some of my more exuberant buys, but no such thing as hindsight trading and looking forward to more results through June.
The only thing that irked me was TL’s response about my query on news ‘throughout Q2’. The question they asked didn’t use the word ‘throughout’ like their RNS did and as O asked and I am not naive enough to assume Q3 means 1st July.
That being said, we are news rich and will have some plans formed for Q4 work to keep the news coming. We also look to have reasonable finds and the potential share issues weren’t excessive if needed so all good as we move into 2022 and will be a LOT better with some further news behind us in Bibemi, Fare and Madina Bafe over the next few weeks and months.
GLA, hold and hope for more positive news soon.
The AGM was good, hit home that more patience is required. Definitely a slow burner so just need to relax on this one and re adjust my timeline.
One big take away was the context behind the drilling which was mentioned on Monday as well.
The market is a harsh mistress and seems to only respond to big numbers in grades and meters so fingers crossed we get some of those.
Look forward to the rest of the results in Q2, Farè in Q3 & Madina Bafe in Q4/Q1-22
@kutzz watch the presentation, particularly when Bob tries to put a value on the assets that are NOT Senegal & Cameroon. Think he comes to a conservative figure of £8m so when you look at are market cap we sit at now, it makes you think.
@Jack i think they created a subsidiary in Cameroon. What we may see them do is hang on to or JV Bibemi & Wapouze and then seek to JV either with the same partner or different partner the 8 central licences. The 8 are all lumped together which if a couple / a few / or more end up having decent grades it makes mining them much cheaper since resources can be shared and the ore would be truckable, something akin to what IAMG are building out at Boto.
I think it would be an expensive task to drill out those 8 licences I mean look what IAMG are spending in Senegal to earn in on that piece of land. Think it is something like $8m
@jack keep up the positive posts, i enjoy reading them , as im such a negative nelly it helps alot
In the words of an old pal of mine , “stay lucky”
Leathal
JTB - hahaha no chance! I’d rather not top up as I already have £100k in ORR which some would say is mad and they would probably be right…. Just a chance to average down
Hardy - haha my bad, I didn’t mean for that to sound so negative it was just thinking out loud.
I’m considering topping up so at these levels but will see what the next set of results holds.
This share has been to 2p twice with ZERO news. First time the Nomad kicked the share price down which was unfortunate. If we get out of this maiden drill programme with acceptable results to the market the first round of value will be realised in Cameroon. If the stream samples yield positive drill targets in the Central Cameroon licence package this will also yield additional value. Add to this any news coming out of Senegal and that will also help. Q4 arrangements to follow the maiden drill programme will also cement value. Remember the company is going it alone on first exploration in Cameroon which will also increase the value of the business, since they haven' Jv'd all the licences away off the bat. Given the size of the territory in Cameroon they may have to partner up to cover all of the ground so it could be interesting.
Kutzz - you’re doing it again mate!
Also if it’s a promising as they say then experienced geologists at the majors will get the panties wet and want to JV…….
And whilst I’m happy to wait long term, I’d rather have been waiting in the blue which will very unlikely if bibemi doesn’t pull through this year.
Anyways let see what these assays look like
I was thinking this morning that if the maiden drill programme (on paper) doesn’t deliver great results and by that I mean - grades and widths then this is a lot longer term to see big value. Drill programme resume in Q4 that’s results in Q1/Q2 2022. Then I’m all hangs with Senala for the rest of the year. Outside of good news at Senala that’s the share price stuck here for at least another year.
although the assays highlight there is gold mineralisation and they get an idea of how the ground looks and that’s enough to entice investors you get my main point