Member Info for Batterseafish

Many warrants have been issued with each fund raise over the last few years so I asked ai to do the calculation.

So my estimate is that the economic valuation investors should think about is closer to £33–35 million than £27 million. The dilution is meaningful, but it is not the kind of dilution that doubles the company from here because most of the historic warrant overhang has already either been exercised, expired, or is already reflected in the enormous share count.

£34 million.

For me, the more important question with Bezant isn’t whether the market cap is £27m or £34m. It’s whether a company potentially entering copper production in the next few quarters deserves only a £30–35m valuation. If Hope & Gorob reaches production on schedule, investors will likely start valuing it against expected cash flow rather than its share count.

Directors must think shares overvalued.

Shares not often above directors sale level.

Most of their life spent a lot lower.

Cyclical business.

Good news and forecasts. Hold tight to your shares.

As I recall there was a low ball offer to delist previously. Wouldn't be surprised if another follows soon. Share price in bargain territory now and will bounce strongly soon.

I see space stocks plummeting in Us following what appears to be a rocket blowing up last night.

Wonder if this will affect Seraphim or maybe that explains the weakness today?

The Ft is not what it used to be. In the passed was more in depth analysis of many shares considered worth buying. Its been dumbed down and slimmed down unfortunately. I still subscribe though. It's ok for macro trends but nor micro IMHO.

Is a bid coming?

Is price just correcting previous rise or disappointing results? Seems company has long term promise but that's always been the case.

I suggest watching Aljazeera for most accurate reporting I. The fog of war.......which is lifting but question as to weather it really is the beginning of the end game.

Only possible benefit from weaker copper prices could be that development prospects become cheaper.

In short the market is betting that the war will soon be over and oil will flow freely from the gulf. There's also an adage not to bet against Trump as he always gets what he wants. That is why IMHO the broader share market is holding up well. If this analysis is incorrect then broader shares will drop and oil plays like this will rise. Many Analysts and commentators on You tube

express the view that oil is going to 150 short term but this is not a main stream view. On cnbc most commentators are saying that based on passed wars and oil supply disruption what we are witnessing is short term and will soon reverse. The futures are saying this too. Could be that western media is full of propaganda pushing the view that this will be over soon. Trump is no doubt under pressure probably from all governments aside from Is'l to end this ASAP.

Possibly another placing by recent seller? Maybe this rose more at the start and is now taking a breather? Maybe investors going for safety of Bp and Shell which have more diversified businesses. Oil futures a year out are far below spot prices and it's those prices the market is focussed on, (according to analysis in FT.)

Helium shortage as a result of events in the gulf could possibly expedite progress here? Worth hanging on for drilling in any event IMHO.

Isn't share buy back a waste of capital in the circumstances and would be better used towards replacing resource?

Oil dropping as Donald provides insurance to all tankers in the gulf and US navy to escort tankers.

This is effectively closed according to FT as no insurance available for vessels. Gkp could benefit.

So Perplexity calculation re Sa sale proceeds could reach 6p per share sp surely Jubilee is worth at least 50% more than present share price to reflect Zambian copper and processing operation?

'Rough calculation: $28.1 million cash equivalent divided by an estimated 1.3-1.5 billion total shares (based on market cap hints at ~£50 million / 3.6p) yields approximately 1.9-2.2 pence per share from proceeds to date; remaining ~$65 million (if fully paid) could add ~4.3-5.0 pence per share, totaling ~6-7 pence potential. Exact per-share allocation depends on final payments, costs, '

It did touch 17 then but it's likely to be much higher by July next year. As for this year perhaps more consolidation but would you want to risk being out when the rerate comes?

From the geologist: ' The project gets better all the time' .