Fundamentals & the market2 May 2024 20:31
Hi all,
as we sit here awaiting news lets look at the situation both for us and global sentiments to investing post covid when a LOT of long term investors got hijacked and saw years of loyalty, dreams and plans destroyed.
we are a company with a 5p SP who have £2.5M in the bank and no mining production. what we have is potential and maybe a plan. However this plan is not within our gift and outwith our control. at the moment.
we have all had a guess at what our share price might be short , mid and longer term.
now, potentially in a few short days, weeks....tomorrow. we may well be a company with over £80M in the bank and a realistic plan for mining production with both a fantastic annual margin and owners of the BEST grade of mineral sands globally. fortunately, luckily and timing wise magical. Mineral sands resource is now a BIG deal in the world of resource. its a very hot commodity thanks to east V west resource battle. there is no rhyme or reason to it but if this is one of their battlegrounds we have been very lucky indeed.
so back to my point......5p SP in a company that has potential and £2.5M VERSUS a company that has all of the above, plus a world renowned partner, a hot commodity, geopolitical games, a government on board and proven quality product. my opinion is when it drops we are going to go to 25p -35p, we will see buying and selling in the millions daily and when we start to offtake the LTH will be rewarded with well over £1 per share.
all of this is caveated because who knows what the market will like or think. there are floundering companies that have huge MCap for no discernible reason and great companies that are peanuts.
the one thing i believe that will make us fly over the next 3 years is this fact.....................WE HAVE NO DEBT. the massive corporate investors hate deabt as they have no control over terms or hedging..........DYOR
the best companies HAVE NO DEBT...
sorry all, i got there eventually, have a good one
Ando