Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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IMO its likely to take quite a while to churn through the 85m x 2p placing shares given the fairly low volumes, so a good opportunity to top up/average down if you're so inclined. Don't come crying when we're at Nicola Duke's 6p chart target sometime next year! :-p
Thats the madness of AIM, I was gonna sell up here and lump it all in PYC at 11p just before 9am but chickened out cos I got worried of getting spiked ha! This share is disheartening, after all the good news lately the price is still rotting away.
I agree everything looks good for the future, but do you guys think sentiment is still not right regarding OTC? Seems to be the same as a couple of other stocks in my portfolio AST and URU which have all the ducks lined up yet sentiment is bad hence the sp being depressed. Think it's a waiting game here for sentiment to change.
from yesterday interview, OTC is looking for extra cash or cash flow from Sturec and Andiamo that leaves it with a gold asset and copper cobalt asset: still mixed though, both markets and cost structures and scale of operations are a bit different. it is not focused yet on one market. is the plan to develop Akuanga and sell it before production and focus on copper cobalt large project in the long term? Is the change of name may be coupled with listing in LSE instead of AIM? both these two moves need months, the cash may last to 1Q 2019 by then extra cash would have being generated. otherwise they do not go to the length of acquiring more shares and options if they intend to dilute in the near future. any move will only add to the assets of OTC .
I didn't realise Zamsort was less advanced than the DRC? I thought they just needed a bit more dosh to finish the build?
In hindsight,given the history of cash burn and similar industry costs that he meant 1st/2nd q 2019.
yes,that was a surprise,how can they burn that much cash in 3 months? The company can't really complain at the low share price,perhaps if placings were done at higher up levels maybe using primary bid we wouldn't be trading at these levels...
He seems to think that the cash will only last until 2nd quarter next year,(did he mean 2019 ?),but given the fact he bought shares,he must see a significant lift before further placings.Or higher placing pricing maybe.I couldn't make out the word when he described the stage of acceptance (we are currently almost ...........? (25secs)presumably re the acceptance of indipendant holders of Casa then.new trenching at Casa and poss parallel element Also intends to raise further money for zamsort ?Lots of info,did I miss anything? For me casa is the cash play and Zamsort is the mine,so a longer timeframe before real payday,as cash from Casa will be used to increase stake in Zambia
what else could be better. it means double, triple but certainly does not mean half. good news on all fronts, small mines to be sold or managed by partners, main focus on gold, and company growth.
Good interview, Sturec news imminent, hopefully a buyer has been lined up. Akyanga just gets better and better, potentially doubling to over 4Moz!
https://www.youtube.com/watch?v=qv5K7ebSPPY Great interview, loving the potential to double the Casa resource and news coming within a few weeks on the Slovakian asset! Looking good!!
http://www.kitco.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html? A couple of years old but plenty of relevant info there.
More positive news marks another step for us all. Pre-2007 we'd be a lot lot higher than now when so much was added to SPs based on a whiff of potential. Different times now, but super happy with the new strategy. Step by step towards real value.
city.... disagree slightly that value is when it's sold,miners and oilers imo have a great deal of value attributed to what's in the ground before it's retrieved and sold,anyway,we sit and wait for whatever will move this north. It'll come eventually
The SP will rise accordingly when income rises. You don't want it to rise just on scoping studies. The value is in the gold when sold
we will need these changes. 1) get rid of the old stock inherited from the old regime: Slovakia mine and Eritrea Mine may be for some cash 2) enlist from aim and list in LSE instead. 3) start production in the newly acquired DRC mine in parallel with exploration, exploration of the whole lot may take years. The alternative is to just ignore the short term sales and focus on the longer term.
Looks like punters are getting fed up with going nowhere on good news,really don't know how this is going get back 4p at the moment,what more can they do but keep giving good results?,very disappointed.
PYC 10 bagged on a poxy 500k contract, OTC has 100% ownership of over 2 Moz gold that's worth in excess of £2 billion yet the price is stagnant, madness!!
http://www.sharepickers.com/ @16mins
this is beginning to look like he knows what he is doing.1. prospect/ projects that need sorting 2.Placing (very large by our mcap=short term pain) 3.options to himself and resident geologist COO 4.show further resolve by buying more himself 5 further drilling to come 6 .company name change 7 complete Casa purchase (mostly shares) 8.Further project news?sale ? he is either misguided and deluded or is at the start of something huge.GLA
The same trolls disappear every time we have good news or positivity around the share. This should tell us all we need to know about those characters and that we should NEVER listen to them. Their mission has failed here.
When sentiment return...poor appetite for AIM shares atm...
Take over rumours, that always seems to do the trick
If SP doesn't move today, nice assays and director buy .... anyone any guesses what it will take to get it moving?
short term traders are not among us in larger numbers.