RE: Life changer25 Oct 2019 21:50
- 100% of margins instead of 35%
- Not the biggest warrant conversion but fact its done and confirmed these will be held long term is great, you can expect more of these to be converted soon enough
- cash payments from the refinery, for sale of metal from the operating West Kytlim mine for PGM already delivered, are due before year end - how much?
- confirmation theres not going to be a placing (most pi’s biggest fear and something that was heavily played on today)
- prepares for a significant increase in production at the West Kytlim mine next year
- directors holding long term
- insider info will prevent them from adding now given engagement letter signed with investment banks
All of this from todays RNS. Some of you act like an RNS is released to the market as a text message would be sent amongst friends, ridiculous.
This will continue to rerate and move towards initial broker target of 2.8p quick enough, that was with 2m Oz in play. We have much more than that (up to 15m) and two of the biggest investment banks wanting a piece of the cake. Engagement letters signed, again some are questioning validity like as if RNS are something jotted on a scrap piece of paper. LOL
The reason for scepticism is because this feels to good to be true, and it is. Check back in a few weeks and the SP will better reflect the company (if an offer hasn’t already arrived by then). Between now and then the mm’s will have a field day(s) as you might expect but trajectory will be north. Even without this weeks news this is undervalued with a broker target of 2.8p and so far the company has met all targets, applied for all relevant licences etc and are doing an excellent job. Goldman Sachs run the market and we have a GS guy pulling strings here, enjoy the rerate.
Have a good weekend all.