George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Simple maths here coal in ground 100 billion valuation. 5% of that equates to a £20 share price at current shares in issue. So when the news comes and green light then we are off. Until then let the day traders mess about and the LH wait for the real fireworks.
So here is the thing. Mid August 2022 MCG share price 200p. Dow was at the level it is today. By the end of September last year Dow had fallen 5,000 points and MCG was 160p. By mid December 2022 the Dow had recovered by 6,000 points.
What I am saying is that pegged with the Dow the current share price is crazy. If we see a similar fall on the Dow in the next month then we could see a further decline in MCG.
So my advice is by little and often on the way down.
Until they can show that they have achieved what they said they would achieve in the second half then unfortunately this may well drift back to 80p or even below this. I totally believe in this share, but my head says this will go lower on no news. I will buy lower and add to my holding.
I really cannot see any value for shareholders in this now. There are too many headwinds and it looks like the business will be sold in situ less the name. But the asset thing says to me it will be a fire sale to creditors in exchange for debt. The Cineworld name will go private and they will build again.
I really thought they could get out of this, but it’s clear from this RNS any recovery will be for the benefit of creditors and not shareholders. Best of luck everyone.
I pop in once in a while to see if the ##### have left. But they haven’t.
Hope you can all see we have another Hertz here. It’s going to recover significantly in the next 12 months.
There are a couple of good posters on this board, the rest not so good. This share will ultimately be driven by news. It is clear that there is a direction of travel where CINE survives. How that reflects in the share price going forward no-one knows. But the daily movements are not worth talking about. I will see you in 6 months when we are hopefully close tot he 50p level. Bring on another Hertz.
50p+
If you believe that CINE will still be here in 12 months, then you must agree the share price will beyond 20p maybe even higher . You are either in for this or not. In between chatter is just noise.
Funny