The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks Skier - some interesting stats - do you mind me asking what the PE ration comes from please? It's not a number I have seen before.
I posted yesterday some potential numbers.....Worth checking BMV presentation slide on X - targeting initial production at 25K osz AU and rising to 60K oz. If AISC remains in the ball park of 630 per oz (round up to say 800 for inflation) - and POG say 2300 - or 1500 profit per oz - multiplied by 25K = 37.5M USD - our 40% = 15M. Hugely rounded figures I know but that is just the start.
I think its too optimistic to think we will be at 25K oz run rate in 12 months but I do agree with your comments about can do - so who knows! The first doors to open are the permissions and lets see how the local investor gets on with these - if opened in quick fashion I think we can be confident of further rapid progression.
ATB
Why post yesterday large trade desperate for our shares.try a bit harder.
JC -- Align Research reckon BMV can be generating £5-10m of annual profit by H2 2025. Thats's right around the corner. South Korea is a rich, can-do country -- they move (very) fast. It's nothing like cannot-do UK, where everything is in decay. The metals and mining industry today is sitting on an average PE ratio of 17. Using that ratio for even a (very) conservative £1m profit for FY 2025 puts BMV on a shareprice of 3p. A reasonable £10m profit in FY 2026 puts the BMV shareprice at 20-30p. BMV is currently at 1p. Whether you do the sums by NPV, cashflow, profit, or gold reserves, the multibagger upside here is huge.
Agree with you Gordonbennett for short term price expectation (short term being 6 to 9 months in my view) and you only have to look at where the SP has historically been - I have always believed in the potential but as my posting history will show I was frustrated with a lack of progress and I think that Aidan's interview was refreshing as it incorporated an acknowledgment that they needed local expertise on board to help navigate local bureaucracy. The fact that they are also bringing cash to the table and avoiding dilution for us shareholders is fantastic and retaining 40% on a free carry is outstanding in my view.
I would encourage any potential investor to obviously do their research and consider the numbers here. Theres also the prospect of further good news on the horizon with a similar deal structure for Kochang - if announced that will give momentum here a further tap.
The key now for BMV is to keep the news flow coming and build back sentiment as well. Certainly the SP rise yesterday will have alerted new prospective investors to our very existence.
ATB
Sold start!!
What are you thinking value wise jersey? IMO 2-3p should be achievable and mark any underlying risks. Conservative hopefully.
Hi Skier - I certainly think it has the potential to get to 10p - £71M MCAP and maybe more once production ramp up on all mines - a number of years away I suggest. In the meantime I think we need a clear and confirmed pathway to reopen - i.e. all the permissions required etc in stages 1 & 2 - once we have these in place there should be little to stop this train hopefully.
In the short term though I am certainly expecting further SP appreciation given our incredibly low MCAP but historical lack of progress might be a drag factor until we get more positive news. I am trying to be realistic and manage my own expectations - I have been here a while and can be patient for a while longer for the big returns.
ATB
It will have had an effect that’s for sure! Poor form from LSE but gave the savvy investor a chance to get in so no skin off my nose. Perhaps this time the pic got one over !
I think the main reason for the slow increase in price was because of the RNS not being put out on here not till after lunchtime.
That had a big effect if that was out at 7am on here we would have had major increases.
Maybe held back to fill them massive buys.
Today we should be over 1p plus.
10p would be awesome wouldn’t it, current sp was manipulated yesterday, im not sure that 25mil trade should have gone through live, anyway it has now so cleared and onwards!
A 10p shareprice is a fair valuation now. BMV is sitting on $3b of high-grade, high-profit gold and silver, in a wealthy country (Korea) with robust mining systems and excellent access to labour, plant and logistics. The firm has an experienced leadership team, strong local partners, and well-funded with a free-carry. Not to mention an NPV around £180m, versus today's £6m marcap. A 10p shareprice is more than fair 👍
There is also the report from align which didn’t seem to make the rounds yesterday.
https://twitter.com/AlignResearch/status/1787769195108634909
It underlines just how undervalued the share price is right now post farm out!
Agree and well worth watching the interviews from yesterday! Think we should have seen the end of anything under 1p tbh. Let’s see how she opens today!
That would be nice but highly unlikely. Let’s keep grounded and not fall into unrealistic hype and ramping. The risk reward potential is staggering at these levels and certainly could bag in the next week or so as word spreads. Good to see Aidan give a balanced interview and not be drawn on timescales- let’s see how fast the local investor unlocks the doors to take this to production. The excellent news is that once they are open we are reopening an existing mine and timeline to production should be short in mining terms. Amazing experience in the team of doing just this. Interesting to see what happens in the market today but whatever happens I’m very excited after years of waiting for this type of transformational development with BMV. Well done to the team.
A lot of new faces on this board today. Wonder how busy it will get if the TMUP and JV is announced for Kochang. Nice to see Aidan do an interview off the back of the news too. Shame he didn’t commit to any timescales though, some indication would have been nice I.e. are we talking months or years for the milestones.
Bit odd that mr Cricket tells everyone that he bought in here today, sold and lost a few hundred quid, yet recommends He1 and HeX. I’d be sceptical about taking a recommendation from someone that bought on a hype and sold the same day, losing hundreds of pounds 🫤.
I wonder how many spotted the £205k trade that flew through late morning? Pre RNS showing here too! All to play for tomorrow but expect a re rate over coming weeks
Long long way to go.Big orders are being filled up for a reason.
Https://twitter.com/StockBoxMedia/status/1787858600876003641
I'm out. Would rather lose a hundred quid than thousands. Good luck tomorrow. He1 and HeX look like the ones to watch going forward.
Can't sell much either though
Good interview- more new in the near term it seems and AB cautious about timelines - good - let the locals crack on with it.
Mms not allowing to buy. They want shares.
There's a 50/50 change this will fall back tomorrow, it only built up until RNS so done people cut their losses I guess
Mm decided to kill the market around lunch time m, who knows why, perhaps there’s a monster trade being filled. We already seen one 205£k trade!