Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Given the Mcap is now only £4m and they have no cash concerns due to recent raise, one would assume the next move is up
Chart wise it looks mega over extended to the downside and a snap back should happen soon
As a few have mentioned there is some interesting M&A activity about and i wonder if the likes of Anglo American owned De Beers have their eye on BODs assets?
Hi Rich. Yes i know they've been working on some big deals for a while. Obviously never really know when things are going to kick off
But i'm safe in the knowledge family & friends were happy to get involved at 0.5p and the shareprice is on the extreme oversold side
Fundamentally its a ludicrous valuation, the broker note highlights that
Patient buyers will do very well from 0.4p
Hi IG, you’ve been around the block judging by your posting history starting in 2011 - same as mine. Be honest, have you ever really paid much attention to brokers’ notes? Especially in a small (tiny) cap share like this.
But on the flip side, if diamond prices start to recover and company operations really come good here, then I can well imagine that 4p target being conservative - but with the caveat that these things take time to unfold and in the meantime, investors might wish to avail themselves of better short term opportunities, or indeed simply stay in cash and enjoying decent interest rates? Maybe the end of the tax year might bring some welcome relief to the sp, or maybe we’ll have received good news by then? Fingers obviously crossed.
Atb
I m mean even if they achieve 25% of that target of 4p its still a multibagger from 0.4p
Its crazy as people will likely chase this soon on significant news but until then it stays quiet in the doldrums
Fantastic Risk v Reward, esp as they have plenty cash given the recent fundraise for family & friends at 0.5p
They clearly know something
Yes, a broker note has been issued
It’s by first equity
It’s on the Botswana diamonds website apparently
Link?
Just highlights how ludicrously undervalued this stock is.
I don't expect it to stay this cheap for long.
10 bagger potential in 2024
All things being equal BOD should, about now, be transferring across to TR and generating some serious revenue.
JVs should be in place in respect of Ghagoo and the piecing together of what could be a significant new mine.
But, we all know that’s not how things tend to go. I guess if it were that simple everyone would be investing in exploration companies…
What sets BOD apart, for me at least, is the people involved (namely JC), their track record, the phenomenal potential and the fact they are entirely debt free.
As JP says, commodities are cyclical. Lots of macro factors at play but BOD remains busy getting ducks in a row waiting ahead of the inevitable change of tide.
It certainly tests one’s emotions as any of the LTHs here will tell you. But the potential financial returns here are incredible and I want to be a part of it when it happens.
Yes, looking up... The SP is sinking like a stone.
Patience is a virtue. The economic cycles will spin, too slowly for some. But... They are starting to spin back towards BOD.
Looks like our seller is preparing to let the price go anywhere
Bailing out at any price.
Have a read of this, https://www.theatlantic.com/technology/archive/2024/02/lab-grown-diamond-revolution-wont-happen/677378/?gift=mZJJfvLLK2-N-97mYsXvtztMjpszZSkNt0bY33Gpivk&utm_source=copy-link&utm_medium=social&utm_campaign=share
You will see events unfolding that we allow the BOD share price to rise, and potentially in the future, become multiples.
I do wonder if the share price will recover in the next year?
But as I’m still invested, I sincerely hope so.
Think this may start to run back higher now
Imagine if de Beers come in and partner with BOD on a major JV. Would make complete sense though based on their synergies
Yes JPW makes an excellent point.
And having spoken to James Campbell, recently, regarding whether we are vulnerable or not to take over, he stated that there was nothing ‘corporate activity wise’, which would suggest someone is looking at us as a takeover target.
So much of BOD is held by family and 'friends', that it would need to see multiples of the current SP to even have a possible take over. Many realise, that are invested here, this is not an overnight up or down share, but one that can, if the market changes as predicted, see many multiples of SP in the future (years, not months).
De Beers have been mentioned in numerous articles about Botswana Diamonds. That really would be something. Feels too cheap at sub £5m Market Cap. Any hint of a catalyst and its going to see some significant upside
Https://www.slideshare.net/JamesAHCampbell1/case-study-on-ak6-karowe-mine?from_search=9
As per JCs post on Linked In. Gives a flavour of the long timelines, the level of expertise that BOD has and the phenomenal return to patient shareholders.
Off radar. All time lows. Unloved. A few decent RNSs recently that have been largely missed
JV deal with major global diamond producer close to conclusion could send this back above 1p sharpish
primed
Worth a read here: https://markets.businessinsider.com/news/commodities/diamond-prices-engagement-ring-carat-value-outlook-recession-mining-supply-2024-1
Demand from investors could account for around 15% of all available diamonds on earth, or around $180 billion worth of the stones, Kinney estimates, extrapolating based on investor demand for other commodities. Combined with rising demand and falling supply, that could send diamond prices shooting higher over the coming decades.
Kinney didn't have an exact price target, but pointed to gold as a comparison. Gold prices have rocketed over 500% since 2003, the year gold became easily tradeable in an ETF.
"Over 20 years, I expect diamond prices to go up substantially," he said.
One thing is for sure, the share price is dying a slow painful death until we receive any kind of meaningful update.
*diamond
I didn’t attend the meeting, but I think the general gist is that won’t be doing much until time and prices recover.
Mining up at Mars has ceased given the 50% reduction we’ve seen in price of the diamond category we’ve been recovering.
Today’s announcement is certainly good news, but I’m not getting excited given where the share price currently is
Did anyone attend the AGM? If so was there much to take away from the event?
Would really love an update on Thorney River. It feels like it's been a long time since we heard anything about it.