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Nice find…..that Contract value of 726 INR Crore equates to around 7.35 million GBP at current exchange rate (excluding the GST).
Could be a positive day here……
NHS to use test that prevents babies going deaf https://www.bbc.co.uk/news/health-64570089
Few posters have mentioned the office arrangements. I actually take their office set-up as a positive because if the management team had any fears that the Company would not be ultimately successful and continue to pay their wages then they would have actively sought to reduce the costs for such overheads…this management also has plenty of skin in the game with their stock holdings. All in all the Company ticks most positive boxes and the current seller has provided an excellent bargain basement opportunity to load up. I always took the view that any stock bought at under 1p in the pre-consolidation days (equivalent to 8p these days) was good value and so buying now at circa 6p is excellent opportunity. DYOR
Lots of Sulfuraphane health benefits…
https://www.youtube.com/watch?v=-brwl5USn44
The Middle East rich need to come to the “rescue” of ****stan very soon…..still holding breath.
https://www.youtube.com/watch?v=RtOeVaPvVnY
Noticed the BMN CEO listed on page 15 of linked program for the Future Minerals Forum being held next week in Saudi Arabia. Lots of big names attending / presenting throughout the week, so it’s a good networking opportunity.
https://www.futuremineralsforum.com/media/ysplacdt/conference-program-en-5.pdf
Mario has dipped his toe in…..from 54 seconds in to his video.
https://www.youtube.com/watch?v=3Wxt0Ocsrs4
My bet is the concluding news comes latest by Friday 20th Jan. So within just 2 weeks.
Its the Lunar new year holiday period in Korea (same as China celebrates) starting on 21st Jan and the whole country pretty much shuts down for a week as people travel to have their family gatherings. The Samsung guys and their lawyers will really want to be enjoying this annual main national holiday with the settlement 100% sorted beforehand. They would not want to risk having to still be working through the holiday period on the settlement (divorces would be likely)….
https://publicholidays.co.kr/2023-dates/
Why they need a speeding ticket? How after this mornings RNS can they write another one saying “we know of no reason why the SP is flying”……Lol.
Usually Friday is for bad news and good news stories are thin on the ground. Think it’s a smart move to RNS today as it will get all the market attention. Volume is going to be crazy…..
Last day of AIM trading today and yet David Norwood (a chess grandmaster amongst his many accomplishments) has continued in recent weeks to increase his stake….hmmm.
https://en.wikipedia.org/wiki/David_Norwood
Here is how Galaxy has reported the news today. Similar content as the Argo RNS and it’s noteworthy to see them stating that they intend to retain the entire operations team currently at Helios.
https://investor.galaxy.com/news/news-details/2022/Galaxy-To-Acquire-Helios-Bitcoin-Mining-Facility-from-Argo-Blockchain/default.aspx
aspects contained in this article are worth a read in the context of todays RNS results:
https://www.mining.com/web/making-the-grade-understanding-exploration-results/
To give holders who haven’t received any payment yet some positive hope…….By surprise, I just received yesterday (16 Dec) the first stage payment into my offshore based trading account (Swissquote). This was unsolicited as I had yet to start chasing them (Had been planning to do so in the upcoming Christmas holiday break) so It shows there can be progress happening behind the scenes, even after many months have passed since others received their payment.
GLA
News release issued by Smarttech247 this morning:
https://www.lse.co.uk/rns/S247/admission-to-aim-and-first-day-of-dealings-5fdkigkzbxx7hvi.html
News release from Smarttech247 this morning:
https://www.lse.co.uk/rns/S247/admission-to-aim-and-first-day-of-dealings-5fdkigkzbxx7hvi.html
They have just announced a placing at circa double it’s SP….the investor must like what he sees and be keen.
It’s a very good raise (at 0.4p) compared to current SP……The placing investor will have done his due diligence.
Red flags for me……James Parsons……JonesRichard / EoA………215 million shares issued recently needing liquidity to be offloaded.
Not cross ramping as I own both stocks…I noticed this same Spanish outfit upped their stake (from circa 5% to 10%) in Petra diamonds recently, so right now they look to be actively adding funds into UK market listed commodity related stocks and the PDL investment shows that they have some history of taking a starting position in a Company and then subsequently increasing their holding……..will be interesting if they follow the same approach here in coming months.
https://ir.q4europe.com/solutions/petradiamonds/3144/newsArticle.aspx?storyid=15598262
Great the other Ronnie has replied and happily there is an exclamation mark included (couldn’t resist could you…..lol). Now let me help you “two” gain some much needed knowledge. For the SP situation firstly:
The PDL peak SP in past year was 138p set at cob 19 April 2022.
Surprise surprise guy(s) but just about every commodity stock (big/medium/small) also had their peak SP set at around the same time……It was the Ukraine war impact etc kicking in to the global economic outlook adversely hitting the markets.
For example let’s look at the other London market listed Diamond producer having its operations in South Africa region for comparison, namely Gem Diamonds (ticker: GEMD). It’s SP peak was 77p set on the same date 19 April 2022.
Now comparing their SP’s today: PDL = 92/138 = 33% drop, whilst GEMD = 33/77 = 56% drop. So Petra is fairing much better than this peer.
Now let’s look at the history of the PDL SP at the time of recent news releases and nearby dates:
10th Oct - Day before FY22 Annual report issued - SP = 111p
11th Oct - FY22 Annual Report issued (contained the enhanced PSP details) - SP = 115p
17th Oct - circa 1 week after FY22 Report issued - SP = 120p
4th Nov - Day before Williamson tailings issue announced - SP = 115p
7th Nov - Williamson tailings issue first announced - SP = 110p
9th Nov - Day before Williamson tailing issue further news & EPSP news announced - SP = 110p
10th Nov - Williamson tailings issue further news & EPSP news announced - SP = 101p
29th Nov - Day before Williamson tailings issue further news announced - SP = 95p
30th Nov - Williamson tailings issue further news announced - SP = 88p
From this summary it is pretty clear that it’s been the tailings issue at Williamson that has been the drag on SP in the past month and even then it’s been quite muted at circa 20% SP drop. The EPSP details were known since 11th Oct and the related news on 10th Nov was only advising that major shareholders were supportive ahead of AGM voting and therefore it is IMO a red herring story that you “two guys” are peddling for the EPSP having adversely impacted the SP, when there is no associated evidence in the SP action from the last two months.
Indeed one can take the reasonable view that the EPSP is with hindsight a positive as it increases the incentive for the executive Management to most expeditiously resolve the Williams tailings issue, as it is likely risking to impact on their associated KPI’s performance. Another party that is incentivised to expeditiously resolve the Williams tailings issue is the Tanzanian government who hold a 25% ownership, so we can expect their maximum support.
I will post a separate message regarding my “thoughts on the pay awards” so I don’t overload you “two guys” with too much factual information in one go. I don’t want you getting to big a headache in one hit……lol.