Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There are in fact three Directors, not two, the Freshwater brothers, Denzion and Soloman and their uncle Mr Davies. Their large shareholding does indeed say a lot about the commitment they have to the business their Father started from nothing after escaping from Germany at the onset of war. They stated at the last AGM that they have as many shares as they want ,tempted though they were by the fall in value , to avoid further illiquidity. They have pursued a winning formula of gradually building the business taking advantage of the swings in value-making sure they, unlike many unitised funds, they are never forced sellers,more astute buyers, hence using the swings to their advantage, and that of us grateful long-term shareholders.
With currencies undermined by inflation and overextended credit this stock presents a nugget of proven gold in the ground in a benign regime with a well funded competent management at a huge discount. Looked back on in the months to come this will have been a Christmas present not to missout on.
With recent funding successfully achieved, uptake of shares by directors and Local Government approval recently recieved for the Toka Tindung project, production should commence on open pit production of at least 1.7 million ounces of gold in the New Year. With a cap. of under £30 million and a highly prospective project in Vietnam thrown in , the upside potential of this stock must be enormous for a year end punt.
I find Bad14u's comments very pertinant-clearly the market has lost some confidence despite the known assets (newbee wants them valued every week at goodness knows what cost) The trick is spotting an oversold situation. If it was a certainty the price would be much higher-but hey the uncertainty creates the opportunity and the fun!
At last Company meeting on 29th August ,assets stated at 707p a share, anything else I can help you with?
Nothing in life is certain but the probability seems to me that this stock is already overdiscounted as it has little or no exposure to US or UK residential property, is cash rich, a proven management and at a stonking 35% or so discount to prime cash generating assets.
Remember what Benjamin Graham said about 'irrational exuberance of markets'. the Market has exuberantly marked down all property stocks -this creates fantastic oppertunities and I think you will find this is a prime one.
with assets around 700p and management with a good track record moving out of USA into Europe at right time they are suffering for the sins of others-I bought more today.
Segro has been dragged down with adverse sentiment to property which has temporarily gone out of fashion.When the tide turns watch this one go.
Daejan have delivered another stunning set of results that the market has missed. They now trade on a historic p/e ratio of under 4.5 and at a discount of around 45% to prime property assets with minimal borrowings and a committed management with a winning track record going back forty years , a true gem selling for the price of a dog.
Daejan has been sold down for no good reason as forthcoming results will prove. A solid growth stock ,superbly managed with prime assets and little borrowings.
Chairman expressed confidence in coming year's outcome at A.G.M
Since being valued at around 38p Starvest's 15.48% holding in Regency Mines has more than doubled in value making the stock an asset rich bargain with a big dividend imminent.
East European property is a hotspot and Atlas has a portfolio valued at over 360p last December excluding subsequent upgrades on development land into the bargain at around 330p
Tie up with SXR Uranium 1 will add credibility and critical mass so investment funds will need to get exposure to a now, major producer and buy in
With the SXR Uranium 1 (major force in Canada) ) tie up and the massive uranium resources in Kazakhstan ,ominously attracting Chinese interest this stock has massive appeal on several fronts
Having sold NorthernDynasty for almost £100 million and sitting on £48 mill.( and rising )holding in Uramin, Galahad is now a clean play on cash and uranium at a huge discuont.
Rodney Walker is a safe pair of hands-he recently bought quite a lot at 139p-not known for rash moves-this stock should recover nicely when market settles.
Dear Tonkssa, Whoever your adviser is stick with him this stock still trades at a big discount to asset value
Riding on back of 16% holding in URA WHICH IS SOARING