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Blatant bashing. There won't be any fun raising based on the timing of the $2.5m incoming.
1) Financial year end is 30 November 2023
2) "The Company aims to receive the second royalty payment (US$2.5 million) after the next resource upgrade at Basin, which is forecast to be announced in H2 of this year."
It is already H2 of this year and H2 ends on 30 November!!
So the $2.5m is forecast to arrive this year. There are only 4 months left of this year, so there wont be any raise in 6 months time.
Tp,
12 months cash, means raise at least 6 months before it runs out.
100% raise will come. They will not be a producer for a long time if at all. So no revenues coming in.
Best hope will be to sell their assets once ALL the studies have derisked their assets.
Long way to go, frankly uninvestable at this stage of project cycle, you will just be diluted!
Meant deramp
In time? Surely you can do better than that.. they're covered for the year now let's see what they've been doing and plans for next year. What kind of half ars** decamped is that?
Still think will look raise in time, enough cash till end year, 2.5 million dollers on release updated resource
Suspect this will keep rising for a while. nice and steady til an update. Got me some this am so not an impartial view. Though I believe I m right
Jaybike,
It's not my job to do the in depth analysis for you or anyone else. Most Lithium investors already know what each company has going for it. I provided the figures as a base case, it's up to each investor to DYOR on each company and come to their own conclusion as to whether the MCap for BHL is fair or not. The company said not, but they didn't provide an in depth analysis of other listed Lithium companies either.
This is a great way of comparing company values eareyeam using your in-depth analysis I think that Dacia valued at 0.8B is a complete bargain when Lamborghini are valued at 18.7B does that make Dacia a 20x ?
ALL £111.82m
BHL £16.8m
CTL £41.24m
KOD £94.66m
ZNWD £28.31m
If the MCap was the same as the next lowest, ZNWD, the share price would still only be 7.25p.
At the CTL MCap of £41.24m it would be 10.56p
I've never seen this happen. The frustration.. Look at us!! We fabulous!
Haha . Agree good on them
Guess, we'll just have to wait for these RNS's with the good news :)
We've basically just been told that lots of good things are happening and that we will har about them pretty soon.
You don't go putting out these letters if you are about to announce a load of rubbish...that's when you get a shareholder revolt or class action.
Very cheap call option on the asset and lithium at this price
Undervalued and needs a sesious rerate
ALL UPSIDE NOW. SUPER VALUABLE RESOURCE AND UNDER VALUED.
Decent gain :)
5.0 pence next stop
BOOOOOOOOM
Absolutely flying now.
Up 20% and should go higher.
3rd on the risers board.
ALL UPSIDE NOW.
I don't know why anyone would laugh at the company showing it's own frustration at the Market Cap, frustration that aligns with that of shareholders. What else can they do other than vent their and their shareholders frustration in an RNS?
Show me any other listed company with the balls to put out an RNS saying it believes the company is undervalued. Good on them I say.
You've gotta laugh, write a letter to shareholders, publish it and the market wakes up. Nice move.
"It has been a productive few months for Bradda Head, with ongoing positive indicators from our operational drilling, fieldwork, permitting efforts and strategic discussions in the US and Canada associated with all our US-based Projects. This is not reflected in the valuation of our Company in the opinion of the Board."
"In this letter, the Board wants to address the recent decline in our share price and provide an update on the status of our highly prospective Projects and emphasise why we believe our current share price level, which is significantly below our actual listing price, is undervalued and offers an extremely attractive entry level into Bradda Head."
Scroll down the page to read the letter to shareholders
https://www.lse.co.uk/rns/BHL/open-letter-to-shareholders-lqqpa5a10sj95g7.html
Down massively on this one, however no point selling.
It will could good, just need to wait it out for 3 years!
Jumped in with 25k shares (so far)