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Any thoughts given the amount and timings of the late trades?
No idea but if 28p is the potential fair value I'll have a new new 730bhp Lambo Aventador in yellow please
Investors need to keep in mind that BMV has not just gold (at very high grades), but also lots of silver. And silver prices today sit at an 11-year high, on an enormous bull run, and it's just getting started...
https://www.kitco.com/news/article/2024-05-17/silver-price-makes-move-above-30-analysts-say-its-just-getting-started
What's more, take note of the huge share-trades in BMV in recent weeks. Tens and hundreds of thousands of pounds. Some folks are taking enormous positions in this.
Investors,
Keep it realistic at present we are still on a consistent solid rerate to 1.5p - 2p, with a gradual build up of people creating positions.
I've seen 80% buys to 20% sells also around £200k buys per day approximately. The past highs were 4p - 5p so again this is a seriously realistic targets. Could be a fantastic year for BMV and investors.
We need to keep in mind the following:
The hype train has yet to arrive. I Suspect that will be in the next few weeks/months.
Mountain mining permit (it will occur just a matter of when) if it doesn't we drop if it does we Rocket.
3rd gold mine JV partnership (potentially)
Philippines was not included in the value at all time high of 5ps...
Mcap was £5.70m 07.05.24
Mcap is £8.91m 18.05.24
Mcap Rerate to £9.7m
if your wondering how I did my basic Mcap calculations, I added the investment value and rounded down to £4m even though it's not our money they are still financing a project we are invested in.
6 months 4p+ 18 months 7 - 9p
DYOR
Don’t hold this back please I am looking to retire off this and take jersey crew to Walley’s chip shop
Thanks Nubi - if this does as well as I hope I can reciprocate with The Smugglers
Ticking up to 1.3p on the Ask. Within shouting distance of the 1-year high at 1.4p.
2 mill ,at full ask there
And the one year high was such a ridiculously low figure that the SP shouldn't give it a sideways glance as it passes imo.
Do you have a live view Troajan? Google finance looks like 6M now at 1.30 - do you know if this is correct?
Just gapped up - large tickets just coming through.
There have been about 2.5 million so far at 1.3, but IMO the two 2 mill trades just seconds apart were a Bed'n'ISA or Bed'n'SIPP.
Sorry 4.5 not 2.5 !
How can you possibly deal in shares without an accurate live feed JC ?
950,000 at 1.39 just gone through
I'm just an amateur accumulator Kopfkissen - a few dummy trades tends to give me all I need - I tend to concentrate more on the underlying fundamentals of the business case.
The google share graph is also very useful - I see that 950K just purchased at 1.39 - nice.
ATB
Jerseycrew
watching the cnbc ticker,so yeah,theyre live and like kopf says,1.39 paid
Do you have a recommendation for a level 2 service?
Up +11% now. This has rocket boosters under it. Incredible momentum building. BMV has 2 gold and silver mines in Asia with (very) high grades and free-carrys. NPV of its 1 mine alone in South Korea gives it the equivalent shareprice of 25-30p. Currently, 1p.
Thanks Troajan - I will have a look at CNBC feed
Spread very wide at 1.25/1.40 though !
Hi Skier - love the prediction - would you mind sharing your underlying calculation so I can understand how you get to that please?
Thanks
1.38p to Buy & 1.267p to Sell
Price ticking up on the Ask to 1.40p. About to bust thru the 1-year high much sooner than expected!
MAFL
“M&F's investable funds, £10,388,000 at the end of H1-2024 period, showed an increase of 21.8% YoY.”
6 Month Performance
LUCA Mining 98%
Capstone Copper 115%
Centerra Gold 35%
Fortuna Silver Mines 63%
Hudbay Minerals 125%
Orla Mining 48%
Pan American Silver 52%
Gold ETF / Silver ETF ~ 18%
Do I need to continue?
We could be looking at £20 million investable funds value.
£4m market cap