PYX Resources: Achieving volume and diversification milestones. Watch the video here.
A bit more hurt to come imo as Hamilton look to be selling out. Maybe 10p on the cards to hit the bottom of the trend line. No indication atm for a reversal yet.
The fundamentals are strong though, so it's just a matter of holding atm and adding as close to 10p to give a good average.
Will RM sell more now, bearing in mind he still owns 21%?
Broken through the 200MA, so it does look like it could drop further, possible to bottom of the upward trend channel at approx. 220-230p. It is however sitting on a support level at the moment, so possible to have a bounce from here.
Shanta gold remains one of the most consistent operators in the industry and is now on a path to more than double its production over the next four years, significantly extend the life of the flagship mine NLGM, continue construction at Singida, and prove up resources at the high grade WKP project in Kenya. Despite this, the company is still trading on very undemanding valuation metrics including an EV/EBITDA for 2021 and 2022 of 5.5x and 3.2x respectively at $1800/oz, as well as a P/NPV of 0.27x. The NPV per share for NLGM alone is 19.2pps showing that, in our view, the market is applying less than zero value for Singida and WKP which has to be unsustainable. We keep our PT of 30p.
Missed the early drop as I was asleep. Well done to those buying in the 70's. This screams political games and I just don't see any closing of mines happening as that would be suicide for their economy and the politicians.
Because the demerge was a bit of trash in the way it has been dealt with. There is also additional charges when buying which I imagine is putting buyers off, which leaves mainly sellers and drives the sp down. Also, I think investors are worried another lockdown may happen. This is still quite a high risk share but looks incredible value now and could bounce back very quickly and provide 100% return. High risk with possible high return.
It looks to me like ii clearing out final sells. The bod buy could well of been made to scope up most of what was left to sell by the ii. Yesterdays trades indicted more buys than sells suggesting there was still more for the ii to get rid off. Whether it’s all done now or not who knows but I’d imagine a good rise when it is completed. Good move by RDH knowing he could help clear the sale by buying at or near the bottom. Ofc, only time will tell.