Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Let's hope so selpec, I like your reasoning for this. I will hang fire ordering my new Lamborghini just for now.
I am targeting SP = 40 by end of next year. Seems enormous. But look at capitalisation, - only 12.5M. With permits and completed construction, mining companies with similar production capitalise in the range +100M.
Thank you for expanding my vocabulary. I might use that in a crossword someday. Re the Hallewell Surge - again its in the RNS and another prominent feature on the price chart. Very relevant I think to where we'll be by year end so something I'm using as a guide to future price action. DYOR ATB.
Thanks Croissant and interesting. I do like my TA, but always felt with low volume AIM the TA was hit or miss vs an index or FB etc. (sorry, Meta) but will take a gander over the weekend. I’ve been interested in the volume vs trades as some seem so small I scratch my head as the dealing cost would be bigger than the trade. I guess having been so burnt on AIM I’m watching and ‘hoping’ this asset is realised. I’ve read all the way back and some interesting views esp of the more local or in the knowledge posters.
Good evening Croissant. Are you A cruciverbalist by any chance? I figure you are referring to 19,7 Looking at previous feasibility studies i feel you could be correct or even a little conservative in your expectation, due to improved operating conditions and current market outlooks.
See the posts below Bhudda for extra details. However, 10p will close a gap on the daily. That same gap has been closed on the weekly @7p - which is being respected. This is expected price action, its not based on fundamentals. We might see 10p prior to the D&C EA MPF Permitting decision, but given price action I'm thinking perhaps not. Once the permit is issued , my expectation is straight to 10p then a drift higher until the new rev 3 FS is issued and the funding is secured. By year end my hope is that we'll be back up at the price levels seen in the Hallewell Surge.
Hi VIS - exchange rate risks are an issue, especially with the BRICS and the long foretold end of the dollar empire, but for now as you've observed that appears to be working in our favour, as well. If these overseas troubles intensify my initial response would be the importance of the asset will surely increase. If the troubles abate then global demand will increase. So another win-win. Looks too good to be true, at these prices. ATB
Hi there, was long time LSE poster back in Range Resource (oh lord) days and left when I left AIM investing. Been in TUN since launch. 50p start and averaged way down.
Wondered where you got your 10p from if that’s your fair value at current point before conversions end of year and EA indicating they are happy as long as public consultation passes? Or other.
Croissant
Perhaps also worth noting that the tungsten and tin prices are denoted in strengthening dollars and are rising, whilst our cost base is denoted in £.
😂😂 It's Mr Croissant. Pleased to meet you Mr Urban.😂😂
Glad to see you have a sense of humour, Urban. I prefer a lighter tone on the board. (Whispering: "Not every one does though, so beware.") And although tongue in cheek, the "Gawthorpe Gap" is being respected on the weekly, where we have closed that gap. That's why 7p is a temporary lid on the price action - you may have spotted this (although you might not have, cough, cough). My price expectation is 10p (and soon) which will close the GG on the daily chart.
VIS makes a very good observation, in that external geo-political risks might actually work in our favour. News of the seizure and sale of Russian assets by the US to dollar fund the Ukraine War, and the seemingly tit-for-tat and equally dodgy $500 million dollar seizure by Russia of JPMorgan assets, does indicate overseas investing is getting riskier.
Investors seeking safe havens might want to invest closer to home. Buy British might be in vogue again and soon. And aren't they floating the £25K British ISA???? Coincidence?
ATB
.. is reacting to the re-armament drive. TUN to benefit perhaps................
Hahahhahaha. Very funny my little French pastry.
As you say, there is always one. Just sayin’.
Oh dear - there's always one. If you cast your mind back, do you remember that little pudgy kid in the playground who couldn't quite keep up ...... just sayin'.
Valuation…..
No pressure😂😂
Ahhhhhh! The Gawthorpe gap!!!
I thought it was a technical term.😂
In fairness to me though New5, Croissant telling us to check ‘March 23’ was rather vague.
Anyhow, with it now thanks, but the fact he wanted to play games in trying to be clever puts him or her squarely into the pollock bracket.
Never mind.
Try looking at the right year!
Come on Croissant. Stop teasing.
RNS 28th….sp was 1.3p. Rose to 1.35p the following day, then started a significant rise circa 4th April.
We can see the charts. I simply don’t know what this Gawthorpe gap is and therefore can’t understand the significance.
Without that knowledge, your phrase ‘look for the price to close the Gawthorpe gap’ is meaningless.
Google et al ain’t helping.
Play nicely and gis’ a clue.
RNS dated 28th March 2023 - then check the price chart and see what happened next...
Croissant,
It ain’t ‘jumping out’ at me unfortunately.
Do you mean the RNS March 25th reference the EA?..(can’t see anything for the 23rd about an e/o?)
I am with Valuation on this…..wot the ‘eck is the GG?
@VIS - Check the RNS for the e/o March 23 then look at the price chart - should jump out at you . ATB
Just noticed the registered sell of 75000 was actually a buy. I feel this is misleading a lot of people looking to invest. How do they get away with it?!
The Gawthorpe gap? Please explain.
Look for the price to close the Gawthorpe Gap.
The aggregates business I think has the potential to exceed the returns we will see from the tin . This coupled with the price inflation we're seeing for these metal concentrates suggests that the prior NPV is now substantially under estimated.
All very positive stuff.
Looks to me the EA approval is imminent, and is already factored in the share price.