Member Info for 42trader

I too have bought in here recently, just £6k though. A possible TO target, but if not then still not a bad company to hold as it is looking cheap with a PE of just 11.7.
Bubba- could you explain your 700p intrinsic value?

All good to see another contract won. Been watching for a while and bought in yesterday.

Almost bought more today but didn’t want to increase % of holding. The chart candles for last week looks like a setup for a rise. Hopefully another good day tomorrow.

dogstar- the report came out this morning.

This is part of what Tamesis Partners wrote reiterating their 30p tp.

“ Shanta Closer to Becoming a Mid-Tier East African Gold Producer
Singida is a low cost simple open pit operation with considerable upside to the production range and longevity. The project’s key points:
• High Returns – This is a low cost (capex $37m, AISC $930/oz) project with a reserve-based NPV8 of US$82m at $1800/oz and an IRR of 46%
• Low Risk - The internally-funded construction timetable of 24 months is quick and the mine is planned to be producing 35koz by Q1 2023 taking group production up to c.110,000oz pa.
• Disproportionate Upside - The 243koz of reserves grading 3g/t, around which the open pit is based, are only 120m deep. There is a further 664koz grading 2.11g/t of measured, indicated and inferred resource on the property with a strike length of 4. 9km and known mineralisation down to 500m.
• Adding to Shanta’s reputation in Tanzania – The construction and operation of this mine should bring about a major improvement in the socio-economic environment of the Ikungi community in Central Tanzania.”

Well done nutmegmilk on your profit here. I would suggest when you have winners you don’t sell all. Maybe deleverage by removing your initial stake then let the rest run. It is always a good idea to run your winners which then will turn an average year into a good year. Get the book called The art of execution. It’s a quick read but worth reading.

Yeah this is my largest holding too. I can't complain about a 73% increase for me here for 2 and a half years hold with most of it bought within the last year at an average of 81p. Yep happy for £1.49.

Yes Edison reports are always bullish and should be taken with a pinch of salt. The positive you can take with the report is it mirrors Liberums target of 170p.

I’ve been watching Aviation too. BOO I like, but still think there is a possibility of it seeing close to 150p before it rises again, so hold some funds back for that price.

Well I’d hold a bit longer for closer to 90p. This rise could also be some leaked news. VLG are still looking at further acquisitions and even with china deal and HS sales at zero, VLG will still be growing their profits and revenues. There is still the problem of supply and whether the company has been affected by it or not.

Actually it was me who said 50p and you agreed with it. I wouldn’t be surprised if the rise today and yesterday is because of bod buying but we will have to see. It could well be II’s buying. Either way, it does look like 42-43p was the bottom with such a bounce back. Time will tell in the end. I think a retrace to about 70p looks good and I’m time 90p. I think it will need a long time for previous highs to 115p level will be needed. Still 70-90p is still a good return for those that would buy from the lows.

What price did you get? I only saw 4 trades for when you said you were buying and then the price went up. 3 of those trades were sells and the one buy was at 43p for £1700. So for a 39% profit you need to sell at 60p.

Could the 42/43p support be the bottom? Certainly value at this price.

I too believe gold will create new highs and I’m certainly not opposed to picking up dividends from a stock bought at a low price.

Worth reading the latest report out today by Edison. Gives a target price of 30p calculated with falling gold prices to 1500 over next 6 years. Imagine if gold price rises?
They mention debt to be paid of within a year and also that PAF are 12 out 64 in the sector for highest dividend.

I'm not worried. It is past the worst and will likely only rise from here on. Today will, imo, be a buying opportunity.

Pretty much what was expected for the Q1 report.
Negatives:
Production down 3%, as known, due to disruption at Lesedi.
EBITDA down due to price of Rhodium.

Positives:
SLP expect to still hit FY targets.
Expenses reduced.
Liberium report an expected special dividend similar to last year of 3.75p. Target price of 170p.
Chip shortage expected to be resolved soon which will up the demand of Rhodium and therefore the price of Rhodium creating higher profits again.

I wouldn't be surprised for a down day today based on the negative news, even though this was expected. Overall I expect the sp to steadily rise from here for the next 6 months.

Maybe. Tbf, ST gives some pretty good tips but he often gets a good price to buy wrong. His tips are biased towards value, but value doesn’t mean too much when sentiment is gone.

I don’t think it was.
Anyway, becoming good value here now. Will BR sell out completely having originally bought around 90p I think. How low it will go who knows. Probably will hit 42-43p and if investors are lucky they might get a chance to buy in the 30’s!

If the rumours are even true then they would need funds greater than current market cap possible through dilution. It would then remove a competitor.