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Many of you will remember the release last August of WH Ireland’s first risked price target for REM of 0.9p. Six months later, I’ve revisited and updated their valuations to produce a higher target price of 1.24p. I should make clear that I am making no predictions myself; instead I have simply used WH Ireland’s report and have amended it to take account of the following: • to account for a small change in the US$ : GB£ exchange rate (up from 0.77c to 0.80c to £1) • to reflect REM’s purchases of greater percentage stakes in BCN, EMH and MMS; and its purchase of a stake in AOU • to reflect the cost in cash of those purchases • to correct the error in WH Ireland’s valuation of Yangibana (caused by Hastings’ error in an appendix to its Pre-Feasibility Study (PFS)) – here I’ve used Observer842’s post of 20 September 2016 as the basis for increasing the value of the project from US$52.4m to US$136.5m • to replace the DCF project valuation of Cinovec with the, now higher, MCAP valuation of EMH. Of course, the project valuation of Cinovec may well be significantly higher than this once EMH publishes its forthcoming PFS. I hope the tables that follow (see parts 2 and 3) are clear. The updated Table 1a shows that the market is currently valuing REM at the sum of its holdings in BCN, EMH, MMS and AOU and giving no value to its other projects, or any potential for growth. The updated Table 2a shows how, even applying risk-based factors, REM might be valued at over 100% of today’s share price. (A reminder that WH Ireland gave an unrisked upside case of 4.51p per share.) I’d welcome comments or amendments. I’ll aim to amend in light of these; and propose to update the tables as news unfolds, e.g. EMH’s PFS; BCN off-take agreement, if/when it is announced.
Marty ;; 3 jan 17 . He was member before that with different id last year ; think who went missing ah ;
One of my very rare posts as I actually have a life unlike you (but here lurking in the background every day). I've been in this for 3 years and that's my choice and my money. If I lose it then that's my problem is it not? I have great respect for people like Barksy, Mini and so many others (you know who you are) on this board for their research and postings. I seriously get worried that we are breathing the same air as some people, you included!!! Must be me being 60 something and grouchy. I'll get me coat!
How long are you planning on being here for, 5, 6, 7 weeks?
WTF is going on here, I have now been invested a long 4 weeks, and I have only made 2% with todays slide back down! I thought lithium was the new oil !!!!!!! It seems the lithium sector took a hit today for some reason.
Like a stuck record that you just want to frisby out of the window he is lol
Couts member since 3rd Jan 2017 REM sp .51p. Sp today .51p Post 3rd Jan I've said my bit now I won't post any more negativity here. I wanted to make my point about the 'bunker' ! I notice none of you have said 'well maybe it was a bit one sided' or 'we could've welcomed more debate against what's going on'? No, just remove anyone who reminds you of the fact your investment is dwindling quickly then maybe you can just ignore it. Don't take this the wrong way couts but two months on same sp and same posts :-)
How very dare you? I'm going to report you.
Eric just keep wasting years with your witty repartee mate! It'll keep you from looking at your dwindling investment
Plausible to people I'm paid for arguing the rem share price has performed badly (which it has) Yet it does not seem plausible (on here anyway) that people can post everyday for years on end 'wait til 14:30 when Canada opens', 'we are close to boiling point', 'there's doings afoot' and the rest of the absolute fairytale none of which has come close to coming true....and not be suspected of being a paid ramper! I remember one sad example on here weeks ago where I forget who posted it, but they were obviously having a bad day and wondering how they got so down on their investment and they were begging barksy for some positive information. It was almost like they didn't care what the information was just tell me something that will make me believe I'll get rich you only despise me so much because what I say is true....the share price isn't rising, the BOD aren't doing anything to make it rise and no information seems to be forthcoming
Poor little c. All on his own. A lone voice in the wilderness. (a complete Ahhhhh sole as it were) I'll report this post myself by the way. It seems even admin ignore him! : )
Press coverage for little old REM in oz eh ...
BISTO !
There is always news on the way, but in the meantime the asset value is up...FACT
Apologies for any spelling errors, even predictive text has got to know you :)
C*unts absolutely agree. But there is definitely something in the air that smells a little more bearable than your normal stench, let's see :)
You must be a laugh a minute down the boozer mate ;-)
The old 'there must be news on the way as people are posting hilighting how badly this firm is treating investors' This was said 3 Months ago when I joined by barksy and look, the share price is lower and there has been no good news only a huge delay! Another bunker theory completely debunked!
That's more what we need at these crucial times....publicity. Quietly covers, too quietly thus far imho
We've captured a hatful recently Mr J. Not sure muttly is going to last long before he goes in the bin though. Mind you he'll have counts to keep him company
Never be as good as our mini.
Look at all these newbies. Must be some cracking news coming. Cuonts where are ya ma boy :)
I'll decide where to invest it,thank you Maddog
Count your blessings. I got in at 1.50 for the whole of my holdings and I am 2 years on thinking of selling even though I usually stick things out - any opinions (hopefully positive lol).