Member Info for akramms

Origo Partner heading 0.8p

Zakmir Bulletin Board Heroes

Share Talk Bulletin Board Heroes, Friday 5th March 2021

https://www.share-talk.com/share-talk-bulletin-board-heroes-friday-5th-march-2021/#gs.uq0q52

Shares in Issue: 358,746,814
Current Price: 0.275p
Market Cap £0.99m

From the cash alone £1.9m, they should be sitting at 0.53p at bottom.

Currently Market Cap under £1m, from this price of 0.275p and from what explained below as cash shell being 2-3x

Like other companies with cash, as cash shells price should be between 1.05p-4.125p

They have £1.9 cash, as a cash shell, with this amount, the market cap is normally 2-3 times so £3.8m-£5.7m

They will soon have £5m cash so looking at £10-£15m market cap.

From the Buys / Sells, a lot more buys than sells

And the amount traded today almost 73% of company shares traded not in public hands and considering low market cap

They've widened spread to get traders to sell rather than buy to cover fill orders.

They will drag this as long as they can, come this afternoon after 3:00pm, you'll see all the fill orders going through.

May also get RNS Monitoring Extensions

Just hold and wait, this is still undervalued.

Tree shake, trying to out the weak sellers.

This is usual strategy by MM's, as we all know.

They need shares to trade. If they have no shares they cannot make anything, if MM's have oversold stock on their books, they will need to buy back stock to settle the books.

Whatever price it takes, that is when price starts moving up.

The number of securities in issue
358,746,814 Ordinary Shares of ?0.0001
57,000,000 Convertible Preference Shares of no par value

The percentage of ordinary shares not in public hands, in accordance with AIM Rule 26 in so far as the Company is aware 40.23% (Updated 22 January 2021)

40%+ not in public hand, of the 358,746,814 in issue 136,000,000 already traded.
Of the 60% in public hands this equated to 63% of the company traded of that which are in public hands.

MM's will have a field day trying to fill orders.

They are still undervalued at Current £1.3m Market Cap, cash of £1.9m and assets of $4.2m (£3m) of Celadon to be sold soon for $47m, £3m coming to Origo.

Total Assets £1.9m cash + $4.2m (£3m) will receive from sale of Celadon, which should have completed by Dec 2020, but was delayed due to COVID

Total Assets £5m

Market cap only £0.8m

UNDERVALUED

£1.9M CASH, 0.8m MC

I personally would look into investing this in Cryptocurrency.

Look at all these blockchain companies rallying, because of Bitcoin rising.

I ment £5m cash

If any company was to use Origo as a SPAC vehicle.

They will have enormous tax incenstive, against tax losses.

Not to mension they will have almost £5 cash

Look at Vertu (VCBC), they were on 0.5p at £0.6m MC two days ago.

They rose 100% yesterday
and 270% today reaching 3.7p

7.4x fold in 2 days.

Reason for Rise is possible SPAC vehicle.

Origo has £1.8 cash and $4.2m (£3) coming to them from a sale of Celadon for $47m, which should have been complete end od Dec 2020, but due to COVID travelling restriction has been deplayed.

This will give Origo almost £5m

Their Currenct MC today was only £0.5m before rise

Possible LEAK, the amount of trades that have just gone through in short period.

and the 100 Code this morning

Expected Celadon Mining Sale, which should have been completed end of Dec 2020

Origo will receive $4.2 of the $47m sale.

plus the £1.8m cash they already have will give them close to £5m

cash of £1.9m from accounts since last June, there current mc 0.5m, so alomst 4x their MC.

they have not done anything since then so most of this cash should still be there.

They have two assets which are out of their control, for sale.

Celadon Mining, which has been agreed for sale for $47m about $4.2m will come to Origo, there fair value on last accounts for this WAs only $1.129m, so they will be receiving over 3.7x their fair value.

Their MC is currently 0.6m

Cash £1.89m, this alone is 3 times their Market Cap
https://www.lse.co.uk/rns/OPP/half-year-report-3ttlmafljj7az7z.html

Gobi Coal $0.275m (£0.2m)

Caledon Mining fair value was carried at a "fair value" of $1.129 million, in their accounts.
But deal struct in June will give Origo $4.2m (£3.0m)

"The Company has been informed by the controlling shareholder of Celadon Mining Ltd. ("Celadon") that Celadon has entered into an agreement with a third party to sell Celadon's assets for approximately RMB 330 million net to Celadon or approximately $47 million ("the net sale proceeds") with closing scheduled for the earlier of (i) the lifting of certain restrictions on travel in connection with the global pandemic or (ii) 31 December 2020. The controlling shareholder then expects to return the net sale proceeds to Celadon's shareholders through a share buyback. If this occurs the Company would receive approximately USD 4.2 million. "
https://www.lse.co.uk/rns/OPP/investment-update-ex05p7jxt8uovh9.html

Origo Partners 1.9m Cash + £3m Asset (Celadon Mining) + Gobi coal (£0.2m) = £5.0m+

MARKET CAP ONLY £0.6m

Good News for Ascent Resources

Ascent Resources have also gone through the Bilateral Claim process against Slovenia government

Todays RNS, Governement of Slovenia are practically begging Ascent Resources not to initiate any arbitration proceedings before 19 Mar 2021.

Looks like they will be getting things sorted in short term.

Pathfinder Minerals mining concessions cover approximately 32,000 hectares of land on the Indian Ocean coast of the Zambezia province of Mozambique, known to contain the heavy minerals, ilmenite, rutile and zircon, used in the manufacture of a wide range of products across a number of industrial sectors.

http://www.pathfinderminerals.com/

03/02/2021

China extends titanium search to seabed off the coast of Zambezia

Companies headed by Chinese businessman Wu Tao have been at work for nearly 10 years in Mozambique's heavy sands, which are prized for the titanium-rich ilmenite they contain. Now, they have extended their search for the precious mineral to the seabeds of the country's coastal waters.

https://www.africaintelligence.com/mining-sector_exploration-production/2021/02/03/china-extends-titanium-search-to-seabed-off-the-coast-of-zambezia,109640028-ar1

Consider that the stock was capped at approx £80m, before licenses were taken away and when heavy mineral sands were a good degree lower than they are now

Current Market Cap 2m

BIT claim in progress to claim back 32000 Hectare Licence

Considering a benchmark for a potential claim, a 2019 Scope Study conducted by independent technical consultants estimated: “pre-tax net present value at a 10 per cent discount rate of US$1.05 billion; with projected annual revenues of US$323 million over a mine life of 30 years; and a project internal rate of return of approximately 25 per cent.

We know the BIT claim is in action.

We can see PFP have been misled about license claim.

Mozambique government will have to correct this, otherwise other foreign investors will think twice about investing into Mozambique.

Look at Ascent Resources claiming against Slovenia Government, their share price was under 2p and now over 13p, since claim has been made to recover their costs on investment in Slovenia

£34m spent on license
10 years dispute

The 2019 updated Scoping Study determined an NPV(10) of US$1.05 billion.

They would have to make a serious offer for PFP to consider, in the 10's on millions. PFP will not let this go lightly, considering China and neighbouring Kenmare Resources.

https://www.proactiveinvestors.co.uk/companies/news/941698/adm-energy-remains-bullish-on-oil-predicting-prices-to-rise-70--making-projects-more-profitable--941698.html