Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Unloved share. Argentina coming into its own , Louisiana contributing again, ATOME holding, and Paraquay play . Profit making company.
I will continue to accumulate and wait for the market to wake up.
Crazy.
Argentine production figures to be released Quarterly!!!!! Wow!!!! Brilliant! Not having publishing these figures has been a bugbear of this chatroom for years now. That's great news that PPC will finally be doing this
Should have market cap 50 million plus, will move up at sometime, patience, right sector, oil gas green energy,
Steven the profit after tax this year [ projecting from todays rns] is by my calcs £16m gbp and the mcap could easily be £100m , even without the benefit of atome as I see it.
Ten years ago when PPC was running at a loss in had a marketcap of $66M (IIRC). Now it's made a $4.5M profit in Argentina in Q1 and forecasting $40M for the year, plus Louisiana plus whatever their 28% stake in ATOM is valued at. Market cap should be at least $100M I reckon which = 8p a share. So hey even a $50M market cap would male the SP 4p (which is a very low valuation by most multiples of EBITDA)
Onwards & upwards from here (hopefully....)
I have bought another £5k this morning in expectation.....
Yes mean at least 50, I really believe this will rerate in time, argentina has always held it back due too risk and pricing of gas oil in this country.
so market cap of £35 mill. of which £9.5 million is Atom so nett PPC market cap of £25.5 mill, these numbers suggest earning for the full year AFTER TAX of $4.5 x 4 of $18 mill or £14.75 mill.. that's a PE of 1.78 WITHOUT Salta which will produce $5 mill per year of revenue... the share price is a joke. a conservative PE would be 5 or 3 times current share price is about 6p
Drichi
A market cap of $100m (£80m) would be a share price of 3.8p. Sorry to be a killjoy but I like to be accurate!
£80m / 2,058,000,000 = 3.8p
Darien I agree with your analysis except that this years revenue will be 8% higher [ as per RNS] so I make after tax profit around £16m.
Brasso so you like to be accurate do you, what value have you put on the interest in ATOM in your share price..
Not sure markets will put too much value on atome, still early stage company and share price very volitile
Darian
I was responding to a post from Drichi:-
'Market cap should be at least $100M I reckon which = 8p a share. So hey even a $50M market cap would male the SP 4p (which is a very low valuation by most multiples of EBITDA)'
Seems as if we may have to wait until June when full years results are published for the market to cotton on to whatever is stated in outlook for coming year. Patience is obviously needed here.
@Brasso- I had done my calcs before I had eaten my weetabix and had used 1 billion shares in issue instead of two billion. D'oh! That's a few years behind the times. I remember being mad when it got to 1 billions shares, and now it's 2 billion+
Had breakfast and coffee now so my head's a bit clearer. My SP calculations were an overestimation (double) but the sentiment remains. This is a really strong RNS. It's great the Argentine production figures will be released Quarterly. It's fantastic how much cash Argentina is generating. The market cap is way too low at the moment. Q2 production figures will be better than Q1 with the four new wells coming online. It feels like PPC have turned a corner now. This could be the start of a long climb back up to a respectable SP.....