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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.
Love your timely low ball reply thanks. Guess I must of touched a nerve or “two”….
The “two” of you must of gone to school together as your writing style is so similar, especially both making the same regular use of exclamation marks within your messages. That’s the real giveaway along with posting on the same dates.
Now please can you let the other Ronnie have a go at making the follow up reply. Warning, i’ll be watching out for those exclamation marks…….don’t let me down and try and hide it….lol.
are back de-ramping today i see…..Or is it really one Ronnie with two names or perhaps they are a loving couple…..notice past few weeks how they post on same day only (2 Dec, 24 Nov, 16 Nov, etc) which is sloppy work guy(s). Anyway SP closed up 4% so that went well.
Time to jog on guy(s) before you become as big an embarrassment to yourselves as the sadly departed good ole carrots was on this board…..lol.
Thanks for your efforts Manlord, much appreciated. I think in recent months SB has come to understand better the AIM market and in particular the need for regular positive news flow to support SP. Hence please recognise and praise his recent efforts on this aspect when you speak and encourage him to continue in same ongoing positive way in the coming weeks / months.
Would be good to get an update on the Stavely and Walton assets. It’s been circa 8 months since these assets were first announced (along with Pitfield) so should be news about their exploration permitting soon. I am particularly interested in Walton because the April RNS mentioned the Lithium potential.
The market starting to catch on that all the necessary pieces are nicely falling into place with the Q1 2024 production commencement forecast just around the corner.
More details….
https://www.lse.co.uk/rns/schedule-one-smarttech247-group-plc-vix5ux1jd0iy7di.html
More details…..
https://www.lse.co.uk/rns/schedule-one-smarttech247-group-plc-vix5ux1jd0iy7di.html
Good news…..Here is the direct publication by Smarttech247….
https://www.lse.co.uk/rns/intention-to-float-on-aim-dgopcjz10dcnuik.html
Here is the Smarttech247 published news release….
https://www.lse.co.uk/rns/intention-to-float-on-aim-dgopcjz10dcnuik.html
The news is now getting out…..PIRI just released RNS…
https://www.lse.co.uk/rns/PIRI/smarttech247-announces-intention-to-float-on-aim-5snklbcy5vwg730.html
Noticed RNS this morning from Conduity Capital (link below) regarding the IPO timing for Smarttech247 being lined up for 15th December. Just checked the Smarttech247 website and don’t see any equivalent news announced on there yet and so this RNS could be the first mention of it to the public and hence it is likely still somewhat under the radar this morning.
It’s excellent news for RGO to have Smarttech247 becoming a public listed Company.
https://www.lse.co.uk/rns/smarttech247-group-plc-update-sh3y62oeovvo016.html
Afritin ranked nicely at fourth on the Minerdeck (well followed on Twitter) November listing for Lithium drill results :
https://twitter.com/MinerDeck/status/1597969279202529280
If “near view” means remaining weeks of the current final quarter 2022, then I would tend to agree. However, if looking a little further ahead into 2023 as investors rather than traders should be doing, then there seems to be plenty of positive news potential coming here, namely:
- 2022 production results likely to exceed the revised guidance.
- 2023 production guidance likely to be stated higher than achieved for 2022.
- Coringa progress (mine development, Palito usage, plant permit, path forward optimisation).
- Exploration JV for Copper/Gold assets (Matilda etc).
If gold price can also head north in coming months then interest in the sector should quickly return and accelerate an SP re-rate here as and when 2023 positive news lands. Anyone coming on board at current market cap is IMO getting themselves an excellent risk / reward investment.
At 2 minutes……..”looks like a Christmas tree when it lights up” Lovely!
Today the MMs recorded 14 trades with a total volume of around 2 million shares over on the under the radar Aquis exchange. That’s significant being it’s not far off the 3.4 million shares showing up here. Seems they want to keep the true trading / volume levels from being easily visible to the market. Interesting……
The latest MKS organisation set-up rolled out a few months ago has Stuart designated as the CEO (not co-CEO) so he appears to be in the overall executive leadership position. Having someone designated as co-CEO in their set-up is unorthodox. Maybe it is pre-empting a near future split into two separate listed businesses where each will require a CEO (traditional shops retail and online retail)???
Anyway back to LOOP, I shall watch how things pan out with their Mgt set-up etc into 2023.
Getting on with a month’s worth of field exploration works at Pitfield before the year end holiday period is really good news. Shaun and his exploration team are being smart here.
If they can find some juicy looking grab samples etc in this upcoming period then firstly that could lead to them making a positive release of visuals news to the market before year end in advance of lab analysis news in Q1 2023. This to me looks to be an excellent strategy by them that should support for maintaining a strong SP and volume in the coming weeks/months.
Btw….my new game…..predicting the number of times EEE uses the word “Giant” in their Pitfield related news releases……i count 4 in today RNS. Lovely!
Nope not convinced…..there’s plenty of Companies around with more than one founder but that doesn’t lead to them having multiple CEO’s……simple ABC of Company Mgt set-up is that there needs to be single point of ultimate executive management leadership……Chill brands (ticker: CHLL) is the other similar set-up Company that comes to mind that until recently had co-CEO’s and that did not end well.
Not so sure about being recession proof…..Zoom results seem to highlight sector headwinds.
https://www.thestreet.com/markets/zoom-stocks-slumps-as-muted-sales-outlook-clouds-q3-earnings-beat