Member Info for Ant1986

Cannot read much into this very brief trading period, it's not listed on most platforms and the wider market has totally tanked.

There are lots of strands to this story and it's just getting going - keep your eyes on Hawk in Aus - £30m mcap with £2.5m cash and similar assets. We should leap frog them shortly but both them and us should head to £40/£50m with the right drill results and BLM decisions.

11p is my first modest target to bring it in-line with HAWK.

Can see a merger with HAWK/Arizona Lithium, longer-term, makes a lot of sense.

Sorry 90.5% gross profit - much better than revenue!

Increase in revenue = 30% increase in SP since end 2019. And I don't think many were predicting a pandemic back then that would shift the commodity price from $15 to $26 (+70%).

I don't think the SP is correct here and expect a bounce very shortly, unless silver falls below $20

Oil price up, SP down. Oil price down, SP more down.

No recovery in share price since last fall either.

Out of favour here.

It will have been forward sold and a lot of this will just be covering the II's. If I were going to invest, I'd feel much more comfortable now with £5m in the bank and unlikely to dilute again for a while. 10p next.

All had been warned about a cash raise - 6p will see it through 7p on Monday with ease. 5.5p might hold or drop a little.

It's done now. Onwards.

I hold a small leveraged position, which I'm going to be thrown out of in 30 days, I can barely get over the legality of it. I didn't enter in thinking of holding a long for 30 days.

Does anyone know when the results are due?

Dividend about to be declared and infill drilling results due from Africa's largest gold deposit and we're heading down. POG is still $150 north of built-in forecasts too.

Easy buy!

It does look cheap, especially when you consider...

DEBT FREE
2021 New Luika Gold Mine = 80k oz 2021 at AISC + Dev Costs of $1,100 (top end) and $1,750 gold price = $52m per year
2022 Singida = 32k oz 2022 at AISC + Dev Costs of $1,100 (top end) and $1,750 gold price = $20.8m per year
2024 West Kenya = 105k oz at AISC + Dev Costs of $1,100 (top end) and $1,750 gold price = $68.25m per year

2021 - $52m
2022 - $72.8m (cumulative $124.8m)
2023 - $72.8m (cumulative $197.6m)
2024 - $141m (cumulative $338.6m)
2025 - $141m (cumulative $479.6m)
2026 - $141m (cumulative $620.6m)

I think I've used very modest numbers and allow for no gold price increase or economies/improvements in production.

Currently, we sit at $220m, so within just 5/6 years we should rake in more than 3 times mcap!

Looking forward to the results from West Kenya - we're cheap as chips, especially when all calculations have been done at $1,700 - this is just bonus territory!

Really solid company that ticks lots of boxes for me.

https://www.constructionenquirer.com/2021/02/09/costain-to-start-150m-delayed-m6-smart-motorway-job/

https://www.proactiveinvestors.co.uk/companies/news/222504/westminster-enjoys-good-trading-momentum-as-it-goes-debt-free-222504.html

Mike, I don't mean it in the strictest sense of the word, however, in the context of the share price, it's never aligned to shareholders. I'm not here to split hairs, I hold and want to see contracts and net profit, and a bloody big improvement in share price. I don't want dilution and fixing CLN's year after year. And yes, don't bait me ;)

Yes, often, AIM companies lie through their teeth and talk about jam tomorrow until you lose everything. Westminster haven't been as bad but have hugely under delivered. I hope that changes.

And it's a BIG IF, they convert an airport contract, I have to take a very different view of the company. I have it down as a sham at present. Those 7p warrants would be in danger and beyond.

For equity raise, would be my shout, hence the weight on the SP I spoke of yesterday - something was holding it.

Uh-oh, are you short?

Just looking through it this morning and it reads well - equity raise the only blemish but it has a very material use that adds immediate $100 NPV so it in effect doubles the value. Nice!!

Looks like a pension fund buying to me?