Member Info for bangrak

The CEO sold 1.6m shares at 160p 11th oct 24 to satisfy institutional demand. I do love a CEO who thinks about II before himself and brokers who assist in spinning the BS. However, there is now some value in this and the chart is improving, perhaps a small 20-25%, so I'm in at 144p. I do miss reading the multiple broker notes on this and their overly optimistic projections. Did they manage to replace the revenue from disposables with vape sales like the brokers anticipated?...........nope, just as predicted.

Considering the location and shareholding i'd say it's fairly valued at this point without a further rise in gold. I did expect slightly more production in 2026 so on a 7x gain its time to step off.

It stood out as a bargain for a few months. October was unpleasant, especially as it was a large holding for me, but today pays my bills for most of 2026. Focus on the numbers as always.

Depends on how much research you did at the start.....Worth remembering that if you go back, there were days when folk here were less excited about the movements, "why is no one buying?" . The fundamentals then said this was worth 600p when it was 195p. No analyst coverage so the masses were unable to see the value. Well done if you were in all the gold companies before the rise, this was the top as predicted. This is my first 500% gain in my investing career. I've had a few 300% and many 100% so this will be remembered, whatever happens. Stiil looks like 1400 is more fitting with a $4200 2026 average gold price. ETF Gold purchases in Asia have now outstripped the US so a lot more ETF inflows globally now, several Central banks are still very active buyers. 2024 & 2025 have been very rewarding lots of huge gains, very few losses, diligence pays off.

Investors loading up..............Independent E&Ps Maurel & Prom (MAU FP) and BW Energy (BWE NO) have announced the joint acquisition of Azule Energy’s interests in mature deepwater Blocks 14 (20%) and 14k (10%), offshore Angola. M&P and BW’s combined share of production and producing reserves is 8 kbopd and 18.6mmbbl. The transaction carries a base consideration of US$195m

Thats the equivalent here of 59p a share on flowing oil and 130p on p2 for an asset near AET.

This is cheap and unloved.

Auctus & the other brokers about a year or so ago were predicting cash of $50m, today its $6.3, having dropped by $6m in 3 months. When a house broker (CG) starts to give it a speculative buy and puts the target price under review and continually reduces anticipated production, you need to have a think.

Cash plus shares, debt, consortium funding. They need quite a bit more than they have raised before, as it would need to be 370+ so it looks very opportunistic.

60-70% of gold price movements now are ETF flows, mostly into SPDR & Ishares. Central banks have eased accounting for 10-15%, China India retail 5-10% weak in August & September. Anyone can see that this is a bubble & not sustainable, when the US ETF slows, there will be a correction. Personally, I'm reducing all of my Gold position. Very few things now stand out as 80-100% gains, all the gold ones ive made 200-500% on are up to or within 20% of my value, markets way too frothy. last time i felt like this covid arrived 4 months later.

Greenwood Capital have initiated today with.....BUY – Target 190p (≈ +70% upside)

REA trades ~70% below book; Greenwood argues this is far too steep given rising CPO prices, scaling mining income, and emerging free cash flow.

“REA is moving firmly onto the front foot – with improving returns, strong cash generation, and the shares trading at a 70% discount to book. Our SOTP gives 190p fair value.”

I would be expecting 80-100% on this before i felt it to be a reasonable valuation. Current PER on today's palm oil prices is 2.9, Cap to TNAV is too low.

Like i said to someone at 195p in Altyn Gold earlier this year when there was no interest. Just focus on the numbers.

My numbers $3550 gold current production is £46-50m net, 55k oz £51-56m net. Its not expensive but not super cheap. FPE is 4.5 it was under 2 earlier in the year. 100k oz changes things but that's not immediate.

I always thought it was suspicious that Askar bought 16% at 18p in may 24 then there was a sharp rise to 30p so sat on 100% gain, Tim Leslie managed to sell his entire holding 5.95% Aug 24 to Clarendon Trust Sub fund B at over 30p. Askar never sold any, and now he is down 33%. Just whiffs a bit too much this one. 13p is fair

Why not post some numbers showing net profit calculations, and we can have a discussion about them....

Posts occasionally where he sees value of at least 80-100%, numbers & analysis are almost always spot on. 30% here max just not enough for me.

Once you strip out the disposal/FX, the business is tracking a 38p EPS for 2025. P/E 2.6 bit too cheap despite the debt.

Central banks have eased back on buying Gold after the $3.3k was hit, and this recent price rise has been driven by ETF purchases in the US. I'm not sure, despite all the news, if this price action is sustainable for gold. Talk of $4-5k really needs central banks to be buyers and not just US retail investors chasing things. The price here did go up 13% since my last comment, hitting the 10-15% i expected. Valuation looks about right to me in this region.

Fearnleys say the VLCC rate has risen this week to $49.5k,

"The V-market is very busy, and ships are being picked off at a breathtaking pace" I also noticed crack spreads like 321 are healthy & rising, so the oil market looks better than some think.

I was a huge fan at 190p, but at 800p it's 10-15% near what i calculate is fair value based on current production. A move to 100k will add significantly to the SP, but I'm not seeing it immediately, so I'd assume it's more sideways range trading op now. Without doubt, the most event-free and easy 300% gain i've made. I hope for holders there is more to come, but judging when to step off for a bit is key to protecting gains.

H1 copper production was 1188t, article reported 1693t mostly AAZ & Gilar so it produced 505t in July, base this on a slightly less bullish figure of 48k GEO means this is likely to be worth 250-270p or a 60% gain. 32% MOM gain, not 42% actually. Been trying to add more here but noticed a sudden change in bid rising today. Well spotted

42% increase MOM June to July........ scaling fast it seems 50-55k GEO my model says