focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
http://www.smallcapnetwork.com/GoldStone-Resources-A-Buy-at-1-6Million-Market-Cap/s/via/53047/article/view/p/mid/1/id/1/ " GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration. The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold. It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt." Source: The company's last RNS. Positives of the Company which need to be looked at: 1. Low market cap of just £1.6 Million and a project which already has a JORC compliance Gold resource of 602,000 OZ, which the company is seeking to Grow. 2. The Company's immediate focus is to identify additional resources within the upper zones of the mineralised corridor through, subject to funding, further drilling to firstly add to and secondly to improve the categorisation of the existing JORC Code compliant resource for Homase to facilitate near-term planning for exploitation. 3. All mining and exploration work (and costs) will be met by Stratex International (STI) for which Goldstone (GRL) will pay Stratex a monthly fee of £1,750 Plus VAT. STI owns 33% of GRL and STI has a market cap of £9 Million (Approx). My View: Buy based on a Gold Project with an already JORC compliant resource of 600K Oz and strong chances of that increasing, a low market cap of less than £2 Million. This company is undervalued and could easy be valued at £6-7M Market cap even without any additional discovery. In the event of an additional resouce discovery its market cap could shoot to £10 to 12 Million. This looks like a good value multi bagger share.
its just a matter of a few months...lets say May/June 2015 and this share reaches 10p?
as a sell!
its a scottish company and is down on the rererendum uncertainty
tomorrow
today the stock market is at its 14 year peak hence ABG has fallen so low. if there is a fall in the stock market from these levels, then ABG will rise.
There is a lot of potential in this company. any price up to 190p is a roaring buy. Any price over 200p is a sell. This share will swing between 180 to 200p for a while.
tomorrow...buying opportunity today...
superbly cheap share! just a market cap of £7.5million and a prospective resource of 1.1 Billion barrels of Oil. its a no brainer!
will increase now, but not due to increase in company value but because of share consolidation 50 to 1. This is a good company wonder why it is not increasing. Go MMO, sky rocket....
Frontier Resources (FRI) the opportunities seem boundless Frontier Resources (FRI) Forward Momentum Established Following a period of study, the Company has started to farmout its interests in Zambia and Namibia. While there has been significant interest in Nambia previously, Zambia represents a new basin, and as such has the potential to generate significant value uplift for the Company. While it is important to remember that there is a long way to go in the Zambian exploration programme (it is currently at the aeromag stage), there are very few highly prospective near unexplored basins left, and if you exclude the Arctic, a very limited number that is available to independent EP companies. Since the first oil concession license was granted to Darcy Exploration Company in 1925, the Sultanate of Oman has come a long way to becoming: (a) one of the world’s most successful oil and gas producing countries; and (b) the largest oil and gas producing non-OPEC member in the Middle East. Initial reports on oil reserves conducted almost 100 years ago initially proved to be inconclusive. In addition the first oil exploration well turned out to be dry, however this did not deter the Omani people. Since its very first discovery, oil and gas production in the Sultanate has steadily risen, year-on-year, reaching 340 million barrels in 2013. This figure represents a 2.3% increase in production compared to 2012 and is set to rise still further in 2014. In 2013, the Ministry of Oil and Gas for Oman tendered out five new blocks, two of which have been awarded to international firms for exploration to commence this year. These blocks are located in southern Oman, where the majority of oil and gas production within the country takes place. This trend is set to continue, with the Ministry of Oil & Gas recently announcing at the International Unconventional Gas Conference and Exhibition that Oman will ‘continuously offer open blocks to the market’. This announcement is made following the completion of negotiations for several other oil blocks, including two production sharing agreements, which the Government of Oman signed in December 2013: one with Total to develop an offshore block off the northern coast with an estimated investment of $133 million; and a second agreement with Petrogas Kahil to develop an onshore block in the Al Wusta region of Oman with an estimated investment of $45 million. Oman remains focused on inward investment, with a large proportion of the revenue generated from the oil & gas sector being reinvested into the Omani people and infrastructure. In a recent speech made by HE Nasser bin Khamis al Jashmi, the undersecretary of the Ministry of Oil & Gas, during a seminar held by Oman’s In-Country Value (ICV) Committee, it was estimated that Oman’s oil and gas sector would provide approximately $64 billion in additional ICV between 2013 and 2020. Currently there are 22 int
West African Minerals (WAFM) Developing the new world-class iron ore district: Posted by: News Team in Directors Talk Highlights, Mining and Metals 9 July, 2014 Generation Partners acquired 6,000 square km of greenfield iron ore mining licenses directly from the Government of Cameroon in 2010 and brought in world-class mining management firm Plinian Capital, headed by Brad Mills ex-CEO of Lonmin plc and BHP Base Metals, to develop and operate the company. In less than two years, the company was listed on the London Stock Exchange AIM Market as West African Minerals Corporation (symbol WAFM:LN) and is expected to become one of the leading iron ore producers in West Africa. Through its indirect wholly-owned subsidiary Compagnie Minière du Cameroon SA (CMC Cameroon), the Group holds 100% interest in six permits for the exclusive rights to explore for iron ore and associated minerals in areas referred to as Binga, Minko, Sanaga, Lélé, Dja and Djadom in Cameroon covering a total area of approximately 6,000 square kilometres (the “CMC Permits”). All the permit areas lie nearby either existing railway lines or a proposed railway line from Mbalam to Kribi. The regional prospectivity of southern Cameroon is demonstrated by significant iron ore exploration activity that is currently occurring within the region. The CMC Permits are situated in southeastern and southwestern Cameroon, on the northern edge of the Congo Craton. The Group is targeting potentially high tonnage, 60-65% Fe content, hematite-rich mineralisation, that is regionally known to occur as a cap overlying, and derived from, weathering and oxidation of the underlying banded iron formations (BIF). The Company has received correspondence from Mr. Emmanuel Bonde, the Minister of the Ministry of Industry, Mines and Technological Development and the Secretary General of the Ministry of Industry, Mines and Technological Development confirming the Republic of Cameroon’s commitment to providing the necessary infrastructure to support all mining in the country, and ensuring all operators will have access to the infrastructure on equal terms, including the proposed harbour and railway infrastructure,
There is speculation in the market of a takeover of WAFM. possibly around 20 to 22p per share cash offer http://www.scoop.it/t/aim-market-gossip/p/4024265069/2014/07/08/west-african-minerals-lon-wafm-started-moving-on-tuesday-up-7-on-on-bid-speculation-surrounding-a-neighbour
"Maverick Petroleum Ltd., has signed an Agreement with the Government of Chad to develop Sidigui Oilfield and set up a 10,000 barrels refinery. Sedimentary structures and other studies indicate that Sidigui sands were deposited from fluvial to shallow marine waters. The Sidigui field is a faulted dome structure; it contains multiple staked pay zones, reservoir rock is good quality sandstone with porosities ranging from 200 md to 500 md. Oil, gas and condensate are present. Oil gravity is approximately 48º API and condensate gravity ranges from 50º to 52º API. Seismic data in the Lake Chad area was acquired in several stages. Three prospects have been identified in the Sidigui area. Two successful wells were drilled and tested in the Sidigui field. Both wells were cased and completed for future production. Maverick Petroleum new discovery. Executive Summary Production ramped up significantly, delivering in excess of 11,000 gross barrels oil per day ("bopd") On track to achieve first oil lift in Q1 2014 and significant production increases in the coming months Mangara-5 development well delivered highest test flow rates seen on the Mangara field; completed as a producer. Maximum combined production rate for the Cretaceous C and E sands exceeded 5,000 bopd Krim-1 Cretaceous E sands flow tested at up to 2,580 bopd Successful test of Krim's Cretaceous C and D sands should deliver an increase in reserves Bitanda exploration well spudded; targeting gross unrisked prospective resource of 277.2 - 648.3 million barrels ("mmbbl") Mobilization underway to increase drilling rig count from 2 to 6 rigs by end 2014 2014 exploration program will target 1 billion barrels of gross unrisked prospective resources Also determined to ensure that the latest quest for a sustainable oil find in the Chad Basin is met with success, the Minister of Petroleum Resources Mrs. Diezani Alison- Madueke has directed the Corporation to leave no stone unturned in its push to strike `black gold’ in the prospective Chad Basin" Source: http://www.smallcapnetwork.com/Mercom-Oil-Sands-MMO-Maverick-Petroleum-Ltd-has-signed-an-Agreement-with-the-Government-of-Chad-to-develop-Sidigui-Oilfield-and-set-up-a-10-000-barrels- refinery/s/via/34672/article/view/p/mid/1/id/154/ Maverick Petroleun is an investee company of Mercom Oil Sands (MMO)
http://www.smallcapnetwork.com/Mercom-Oil-Sands-MMO-Maverick-Petroleum-announced-a-new-discovery/s/via/36628/article/view/p/mid/1/id/72/ This is very interesting. Maverick Petroleum (MMO's investee company) is making it Big in Chad and Northern Nigeria with Oil Discoveries...
actually in the CPR there is a potential of 10.8Billion Barrels of Oil in Block 38 Oman (Owned 100% by FRI) The CPR uses a 19% success chance and an 18% recovery and comes to 10.8B*.19*.18 = 370Million Barrels of Oil. At a Rate of $10 per barrel mcap, that $3.7 Billion. If FRI farms out and gets only 25% thats still a Mcap of close to $1Billion or £600Million!!! http://www.beaufortsecurities.com/shp/research.php?vid=215 Page 7 of the research report. Now I am of the view that in the surrounding oil licences in Oman there has been a 50% success chance and a 50% recovery. So I think the CPR report is very very conservative. If you take my estimates it becomes 10.8Billion*0.5*0.5 = 2.7 Billion Barrels or $27Billion mcap at $10 per barrel. if FRI farms out its asset and gets just 25% thats a market cap of $6.7Billion or £3.9Billion!!!
FRI's market cap is £2.5m. After the new share placing the market cap will be £3m. I expect a market cap of around £3Billion at least in a year to two years time. This share has the potential to increase 1000 times... turn your thousands into millions and your millions into Billions!! Its Oil and its the Gulf region!!
ticking up- This share is the best share on AIM. With an exploration lease in Oman and the Rubb ul Khali Area. This area is known for Billions of Barrels of Oil reserves. I dare say its a matter of time and Billions of barrels of Oil will be discovered. I would value this company at several Billion Pounds!!
ABlokeinthepub- Yeah it does seem to be a mixture of old and new news. I think the potential 3.3p valuation is based on the recent investments in Lion Gold and the coal company in Vietnam. If Canadian Oil Sands were taken into account, the sp target becomes 30p! Do you have any info on the canadian oilsands assets of MMO? are they still with MMO? I think this share is surely going to shoot up. The question is when does it come into life? possibly very quickly, hence this article?