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I am guessing funding has been sorted with the Banks for the explorations and production
Always happy with movement north, I wouldn't be getting to excited yet as a major rise like this is often followed by a fall. Although maybe it has got more attention to the company. Any views?
Are you happy now?
Check the sp now. It's gone up.
*ass
Don't assume....you know that just makes an assessment out of u and me...more so u.
It is time this gets back to a fair value
You bought into a company without doing research and you are now asking us for information. Very funny. ..... some people never stop amazing me.
Bought into this company in December, since then there has been very little activity whatsoever. Does anybody have any info on the company? It is difficult to gain any info on the Internet.
Rome not built in a day and folk should have had a bit more of that idea here today...... Never mind if I can get some at 2.5 again I will pick a few more up.
Nice string start and decent buying. Re-rate is on.
Looking good here. Looks like they're waiting for the license at Drozhilovskoye to be approved which is the area that contains 262,890 tonnes of molybdenum and 64,300 of tungsten. the license at Smirnovskoye’s has already been approved which contains 170.5 million tonnes of ore, including 221,700 tonnes of molybdenum and 17,100 tonnes of tungsten.
The metal revolution is on!! Thanks for that graphite.
Tennis, Obvious ones are Zinc/lead plays due to how that's performed this year. AYM, FCR, BMR, MIO to name but a few. AMC I think the mcap is now very high so would not be touching that one. URU looks good. For iron ore there are loads, like ZIOC Zanaga Iron. Quite a few will have some massive re-rates this net 12 months.
Graphite, What other metal asset plays have you seen begin a rerate? URU, KEM, AMC......?
Quite likely, that is what I thought on Friday. Its only one of the licenses with the near term renewal issue. Given they are Kazakh owned/backed that will no problem.
The application to the Kazakhstan authorities for renewal of the licences required detailed and comprehensive information in relation to the exploration works to be undertaken. The Company has spent a considerable amount of time and effort in drawing up the necessary work programmes, and dealing with correspondence in relation to the work programmes with the authorities. All necessary information has been provided and the expectation is that the licence extension for the Drozhilovskoye licence will be granted in the latter part of H2 2016. Could recent rise be on the back of the possible news on the licences which should be granted in H2 of 2016 which is nearly at an end. Juat digging into reaearch and still puzzled on sudden movement recently
I am coming in here in the morning. Will start with a small initial and see how it goes
here's an interesting chart,it shows the last few decades of industrial cycles. https://www.quandl.com/data/ISM/MAN_PMI-PMI-Composite-Index interesting stuff.lol.
according to the chartists,this commodity bear market has been the worst,since the early 70's saudi led oil embargo commodities crash and they say,these cycle tend to be 5/7 years long. so if true,a cycle reversal is well overdue(some say it started in january of this year) and yep,even the dollar bulll run,isnt effecting industrial metal prices,weird that.lol.(PM'S/gold/silver not fairing to well,lately) gla
Exactly, going back a few years ago they often said buy up to 30% of the NPV for miners. Now its less than 0.5% so the mcap of a lot of these seems in total disconnect to the resource value. Often factors like political risk/low metals prices, cash flow etc come into play but really do you discount down to these levels, especially when a recovery in the sector is being forecast.
I just decided to cast my mind back to 2009 and tried to remember how stocks behaved then. This time all industrial metals stocks seem to have been even harder hit. The crux of all this is a continued and sustained recovery. My modus-operandi has been to buy a few more than I would hope at the bottom of the curve and sell a few on the way up. Thus keeping an exposure to the stock/metal in case this recovery dues sustain itself but protecting capital. back in 2009/10 a lot of these type of stocks when on runs that ended up being 100X their starting position. It could be happening again and I for one do not intend to miss it this time around!
Well URU's nickel in the ground is potentially worth $407 billion. That will never happen and I dont think they will even go into production but asset companies like these have potential to sell off. Lets say 5% of the NPV, thats 75 million mcap. Around 36/37p?
you've had a real good run of finding off the radar,niche mineral res comps this year. noticed this one a while back,but forgot all about it,till last week. looks good.gla
Tennis, Its a 'forgotten' stock. My figures at $198bn are the values for all the metals in ground. Obviously thats never going to happen but if further work is completed 10% of that figure may end up recoverable. Like Troajan says $1.5bn NAV on the last study. Often you used to say fair value was c30% of the NPV or NAV in these situations, that would be about £4. LOL. That's never going to happen but the current price of 3p should in my opinion be somewhere closer to the float price of 50p. These type of companies will recover.