Member Info for Adastra

Crazily oversold

Ditto...

Directors have had time since the results to quantify, address and resolve the issues. The t/u in November should give a firm indication of progress and allow a more rational shareprice to prevail.

Fair comment. The BoD have given a firm indication of £37-42m this year on the £160m MCap. That allows a fair bit of elasticity to sort out the US imo. Hopefully the November update will put meat on the bones and give this the upward momentum that, as a global not just Stateside business, it deserves. I'm quite frankly amazed, given the overall quality and low valuation here, that a US based suitor hasn't jumped on board at this juncture.

Market here is flat and lacking direction. A lot of stale holders have hopefully now capitulated which should allow the price to start to reflect the absurdly low prospective p/e of around 4. The intrinsic strengths and value of the business are obvious and a few director purchases would cement that observation even in a dispirited market.

Well overdue with a p/e for this year of 4 and dropping even further given the confirmed orders falling into y/e 2025. Crazy.

It's had a couple of gors at £1, breached momentarily, and fallen back. It's high time now that a sustained volume driven attack on that level broke through. The fundamentals and provenance here are excellent so we should start to see traction as the next t/u approaches. Solid value here imo.

From August 28th RNS

Bench Scale Progress: ANSTO is currently conducting a bench scale ISR study on core from Boland. Rare earth concentrations in leachate are being monitored and used to construct an initial engineering and cost/benefit model of ISR for using a lixiviant pH of 3

Further results anticipated over the coming weeks

Given that increasing concentrations of Rare Earths are being achieved as the pH of the leaching solution is lowered we should get latest results at ANY time soon.

Yep (£0.382m)

Timing would be spot on and cause an immediate retrace. Potential purchasers have had the weekend plus a meeting day today. Expecting positions being highlighted as week unfolds. This is a steal for bigger player to run with at this level.....quick fix and rerate to p/e around 7 to 8.

Time to rerate. I've sold LGEN and picked up these at this level. Too cheap imo

Buying volume returning now. Check the RSI yourself... active investing

The vulnerability of TT at this level is certainly apparent since correction of the US alongside a buoyant RoW looks an appetizing morsel.

Blackrock have wobbled around 10.8-11.8% for 12 months and it just suggests minor adjustment of holding rather than a positive holdings decision. The retracement is general market plus smaller investors imo and should rebound as common sense on actual prospects prevails. A forward p/e for the current year of 4 is reflecting too severe a hiccough in the US business.

Main points of rns

We are well placed to define a resource of massive scale, with re-assays confirming REE mineralisation across our landholding which, in turn, de-risks follow-up drilling. Our metallurgical tests are nearing completion.

We have a great opportunity to deploy the low cost, low disturbance in situ recovery mining method at our projects, and we are well advanced in demonstrating the significant economic benefits it presents. We look forward to updating the market on the final results of our ISR bench scale testwork in due course."

Cobra is focused on REE so the gold is in for nothing. The Australian government would hopefully and sensibly block any possible Chinese effort to secure Cobra. Logically it would/will fall to an Australian mining conglomerate as test results confirm feasibility in the near future.

Stabilization and bounce-back should now be in motion and should strengthen given the underlying stability and strength of a p/e 4 business. The 38.2% Fibonacci retracement level from 142p would be approximately 87-88p and this should be a strong support level. The drop was overdone given the resilience of the business and the next few days/weeks could see interesting action from different directions. Very undervalued and oversold imo.

Stabilization and bounce-b

Give it a few days for predatory company BoD's or Private Equity to meet and digest the trading update. In a week or so we should see a big uptick in buying as the intrinsic value here is assessed. A p/e stated of just 4 for this year is just too low and the oversold position should quickly reverse. Prospects good in RoW and if US sorted quickly the outlook and sentiment will quickly reverse. This looks like the bottom of the dip at 90-92 stabilizing with a quick loft to around £1 before that happens.

Sitting duck or rerate, take your pick. Either way it's a gift at this level.