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Sorry we hold 17.5m in AAU not 13.5m
I think some of us have bought a few recently, to the extent that the MMs are v short atm. Thats why they are trying to hold it down and wont have many on the offer. Either more buying will force them to raise the price and accept their losses, or some poor fool will sell to them and save their bacon. Lets hope its the former!
Yeah, this matches my rough estimates as well. Apparently the company operates at around 30% lower than the NAV...so NAV would be 10p and the SP would be 7p so either way there is a 40% upside to current levels at a minimum.
The ones we all keep mentioning are going to make loads of money and we are going to sit here reaping the benefits.
From my cursory analysis I like GGP (obviously), ORCP and Ariana. Based on these plus KEFI, Cora and Alba I get to about 10p of value. Not sure whether there are any other quoted investments, buy a half price sale is pretty compelling.
17.5myn????
According to Rns today we hold 13.5m shares in AAU not 12m.
All of these investments are up at the moment. Positive!
Don't forget we have 12m shares in Ariana Resources AAU worth circa. 0.4million. As I see it at present SVE is trading at nearly 50% discount to net asset value. So if you buy SVE at current price you are getting Ggp and others at roughly half price. Surely the share price is due a rerating , a 20% discount would be more reasonable.
Additionally that would make the KEFI asset not that valuable. Although there isn't any movement just yet through. GGP and ORCP are certainly going to be the big guns here. GGP target circa 20p, ORCP target 50p.
GGP - £300m market cap minimum for just the Havieron mine
ORCP - £2-15b asset in the Thar project taking a 12% share so 240m market cap minimum there.
Happy to have those estimations challenged.
I wouldn't be surprised if the KEFI numbers were different. GGP and ORCP are definitely correct. I'll see if I can find a date stamp on the number I found and then feedback. Should there be a 1 in 17 consolidation that would make the 1.12m accurate.
3 years ago. Is that how out of date Mkx007 is? I know its virtually impossible to find out what the holdings are, and Gemma is no help at all at SVE, but surely we can find data more recent than 3 yrs ago.
Kefi had a 1 in 17 share consolidation on 2nd March 2017. Googled it.
I cant see where there has been a share consolidation in Kefi. In fact quite the opposite. A couple of years ago there was about 640million shares in issue and now there appears 1.2 billion.
Mkx007. Thanks for info on holdings. I understand from a poster on Advfn that the kefi holding is 1.12m due to a 1 in 17 share consolidation. There are also holdings in AAU 12m and SRES 14.2m. We also have shares in Salt Lake Potash Ltd who choose I think is quote on the Australian stock market but I do not know how many they hold.
Just a heads up that oracle power, one of our larger holdings here has just received confirmation through a Letter of Intent regarding their planned project. That one should rise quite nicely. Another increase to the portfolio value.
Someone has just bought 15.5m shares worth £759,000 which means the GGP holding alone is currently worth £4.3m.
Not bad going for 1 investment. Especially as the market cap is only £3m.
PRIM has been ticked up thanks to their GGP holdings (37m) - only a matter of time before this one jumps up.
up 20% with 85m shares...looks pretty good yet again. Lets hope GGP can hold it's rise. KEFI and ORCP to have announcements as well this week.
Yes, I spent about an hour scrolling through their holdings in various companies and found what the holdings are in they companies mentioned. GGP = 85m, ORCP = 21.87m, KEFI = 19.44m, CORA = 1.2m, ALBA = 26m (estimate, based on 5% of the shares in issue at the time of reading).
Mkx007. I understand that the price is at a substantial discount to net asset value. I am aware they have 85m Ggp shares but I can't find any up to date info on their other holdings. Do you or anyone else on here know how many shares are held in the main companies invested? If so is it possible for you to publish them on here? Thanks.
irrespective of the bad investments they've made, the current value of the 5 investments (GGP,CORA,ALBA, KEFI, ORCP) is around £7m - however all are expecting growth in the short term. In 6 months time half of these will have multi-bagged should the right news come in. I'm investing here as soon as some capital becomes free to limit by potential risk of one or two not coming off.
so they are pleased to present the year end results....really...
so NAV is 4.03p per share...the share price at year end was 2.25p..market cap £1.26 million .They say that their investments take time..how long is that ??7 years??...well lest look at 7 years ago...NAV 7.94p per share..share price 5.62p market cap2.09 million . they say its a risky business with 50% not doing anything and 50% may get a good return...well its closer to 10% making a return... so they say that this can be a riskier investment we well were are the returns...zero. in fact if you have invest £10,000 in 2013 you would now have £3000...if you had just stuck it into a NASDAQ tracker ( at virtually no risk) you would have £ 21,000....thats right 7 times more money..and in the mean time the 'directors have picked up around £400,000 in salaries to 'manage' this pathetic excuse of fund management
.
Positive results for year end sept 19. Recent results from Cora and GGP should help here. Am in here, Kefi and GGP so hoping for the best. GLA
Just gone red.......!!
Does anyone know the holding the company has here?
I'm looking at splitting my exposure to GGP and ORCP through investment here as well as having a direct holding in both. Minimising risk and all that.