GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Forecast pe of 8 is what I meant to type - normally forecasts can be unreliable but here likely to be met or exceeded.
Valuation is not high compared to sales and forecast to be on or of around 8 so very cheap. Peg ratio very good.
Multi year supercycle potentially (electric car takes 40kg copper!) and it has over 20 years proven reserves and more probable resources to exploit.
Spain is stable jurisdiction where mining is strong has cash on balance sheet and much cheaper than some peers like Antofagasta.
I picked Atalaya mining this morning as I didn't have a pure copper play. See how it goes with this one.
Good posts and information VanVan. Thanks for keeping this board regularly updated on developments. Agree exciting times and good management to lead us forward.
Thanks FekirTrader.
Can you send a link to the list of stocks? People will probably start selling from Monday for next few weeks so orderly sales and most of that may be taken up by market in normal way?
Hi longfell
I'm fairly new to the mining sector but I like Atm, Bmn, Aaz, aau (this one has underperformed recently but long term I believe it will do well) It has good management and brought a partner on board a big Turkish construction company so a big jv partner backing and they have a massive resource to explore in Salinbas and Cyprus jv is being developed for copper for a cheap earn in. There shouldn't be any further need for placements in future as half the company market cap will be in cash from the sale of its part share to the construction company and it is still making profits from its gold mines in Turkey. There should be a special dividend coming this year so that will be nice.
I also have the tiny Gwmo - I bought it as a gold play last year (the smallest holding from my miners) but I am beginning to like it more and more now with the increasing copper price as it already has a jorc compliant copper resource and much more in the ground. More chance of getting a jv with the price increasing. Also should start making money from its gold tailings soon. We are waiting for the results of the dore bar whatever one of those is! The tailings plant may make it self funding for further exploration.
I did look at arc when it was 3.8 and liked it but funds are limited presently for further investments.
I also have solgold. I only bought that as a trade as I'm trying to become an all rounder and learning trading skills; that is a trade gone wrong at 32pish. Nevermind lessons learnt. Likely to be taken over or jv but when no one knows. So should eventually get my money back and bit more hopefully.
Hello longfell
There certainly are lots of good companies at the moment in the mining sector that are attractively valued - we are spoilt for choice.
Let's hope we get more updates. I invested in the company last year for its gold and viewed the copper as uneconomical to mine but that may change in future with the expected revolution to renewables etc and demand for minerals:
https://www.telegraph.co.uk/business/2021/02/17/peak-oil-demand-coming-first-brace-almighty-supply-crunch/amp/
https://www.theguardian.com/business/2021/feb/17/mining-boom-commodity-supercycle-copper-nickel-price-investments-clean-energy
Also fair to say that our share price has zero value in it for the copper potential - is this right? You guys know this one far better than I do so interested in your views.
Thanks madder for your time on this. With copper price increasing it makes a jv a stronger possibility.
Apologies if already posted but has anyone done a rough calculation of the value of the Jorc compliant copper at today's prices?
Looks like someone else has been topping up today £280k buy!
IC do recommend S&N as a buy for the expected upturn. Markets look ahead.
Looks like someone bought £25k worth yesterday.
People are slating it already one saying its a pathetic placing at 70% discount.
So existing shareholders massively diluted. Current market at 0.85ish around £2m 3.5m placing at 0.25p and around 3.5 million warrants again later from warrant exercise at average of of .37p.
Interesting article: "The next 30 years are “likely to bring a supercycle in investments in clean energy infrastructure, clean transportation and everything else that is required to make the green transition possible”, he said."
We should be producing in a few years - the supercycle is likely to last circa 30 years according to this article and the assets will only increase in value as time goes by so shareholders should not lose out by any delays caused. We might become a very valuable company soon.
https://www.theguardian.com/business/2021/feb/17/mining-boom-commodity-supercycle-copper-nickel-price-investments-clean-energy
I believe its ex Tullow management as well.
Willibo
Uog might be worth a consideration as well and it looks like it has broken out of its long downtrend as well though I'm not an expert on charting. But fundamentals look very good and production can be increased from existing assets easily it seems so they don't need to pay millions to purchase assets and take on huge debt. Very low debt levels as well - and should be cleared in the near future. Likely to see profit upgrades with the increasing oil price.
It might need a view from the oily experts on this board.
I've bought a good percentage now and will keep them for medium and long term hopefully. Was thinking of increasing my pension percentage but would need to sell something else to get more have around 5%.
Depends on your time horizon if you're after quick profits you might need to look elsewhere but I think this one should increase fairly quickly upwards now imv.
Sorry for the number of posts you know which service it is - the one with TW.