Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Southern Gold Update
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to note Southern Gold’s release regarding encouraging soil sampling results at its Deokon Project.
Metal Tiger is currently interested in 37,794,000 Southern Gold shares, representing approximately 17.72% of the company, and 7,284,500 2-year A$0.18 warrants.
The link to Southern Gold’s press release can be found below:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02364717-2A1293231?access_token=83ff96335c2d45a094df02a206a39ff4
Well gog
I have read the full document and very interesting reading it makes.
We might not be there yet but we are getting there , it is taking longer than anyone would have liked but get there we will and I for one am prepared to wait
They also see fair value at 23p/sh based on a blend of NAV and forward looking EBITDA, indicating that WRES is trading on 0.48x to their risked NAV.
Didn’t mention the 23p did you :)
Wow - Ron - another troll opens his lse account 8 days ago and posts 4 negative posts today - good planning from the troll team - must be making a fortune- well done
O another smart reply Scorpio - ganging up with your mates now - well done it’s getting like a school yard
Tounguesten - I am disappointed with today’s figures because I am invested, hold a financial stake in the company and have done for several years.
I simply cannot understand why a group of posters who are not invested spend a lot of their time posting on this BB ?
Your account was set up a couple of months ago and you have made 90+ negative posts specifically on this thread - Why?
Are you the caped crusader of Wres or something!!!!!!!
I know you won’t answer these questions directly as when anyone reads it they will know your game - anyway look forward to your reply :)
LOL, Tounguesten, isn’t it amazing that every time I point out that these non invested paid trolls are constantly trolling this share my post gets removed.
Who in their right mind would spend hours de ramping a share if they are not invested?
People who are paid to do it - that’s who and you know who you are.
No doubt this post will be removed to allow them free reign to sow doubt and suspicion - see you in July :)
Perhaps Tounguesten if you actually read the RNS and then applied the formulae to calculate the VWAP correctly instead of using your interpretation to accuse the BOD of using mates rates then your posts ( all 91 of them in a short time) would be appreciated.
Perhaps if you were a shareholder it would help. But no one can understand why you bother to come on this board with your baseless / incorrect figures to try and upset people who actually hold shares
Have a nice day
From 25th Jan RNS:-
“ Company Financial Position
Following receipt of the above warrant monies ECR now has cash balances of c.£4 million and is therefore, in the Board’s view, in an exceptionally strong financial position.
This strength of the Company’s financial position enables ECR to comfortably continue to embark on its previously announced exploration programmes with confidence.
With our own in-house drilling capability we are planning to undertake extensive drill programmes across our Victoria Goldfields interests.
Appointment of Joint Broker
ECR is pleased to announce that it has appointed Novum Securities (“Novum") as a joint broker with immediate effect. With the current cash position ECR currently has no intention of carrying out a placing.
Novum are to undertake broker research on ECR Minerals plc, with a particular focus on enhancing market awareness of the Company, notably in the institutional investor community.”
No intention of a placing - what a joke !!!!!!!!!!
Tounguesten - What exactly is your plan - you open your lse account on the 1st March 2021 - then make 89 posts in the next 39 days on a share you do not hold?
We all know your game :)
Michael Masterman and Wres board :)
The price-to-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings (EPS). The price-to-earnings ratio is also sometimes known as the price multiple or the earnings multiple.
NOTHING TO DO WITH PROFIT
The price-to-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings (EPS). The price-to-earnings ratio is also sometimes known as the price multiple or the earnings multiple
NOTHING TO DO WITH PROFIT
King Island Scheelite raises $5.6m as tungsten prices post strong gains
For most of 2020, end users of tungsten largely stayed out of the spot market due to the weakness of the market.
Now, the tight supply of tungsten concentrate and tungsten scrap has seen prices for tungsten ammonium paratungstate (APT) climb from about US$260 per metric tonne unit (A$335/mtu) in January to as high as US$460/mtu (A$593/mtu) in China during the first week of March.
It is reported that demand from customers in the United States and Europe is largely behind the price increases.
European end users are having problems locating available APT, with reports from there indicating no shipments will be coming out of China until April.
Money now coming into tungsten plays
The Australian tungsten juniors are seeing growing interest as this revival of tungsten takes place.
This week King Island Scheelite (ASX: KIS), with its Dolphin tungsten project on the Tasmanian island of the same name, raised $5.6 million through a placement of 28 million shares at $0.20 each.
Swiss investment company DACHS Capital Ag was the cornerstone supporter of the issue, taking 20 million of the new shares on offer. The Swiss company had become a King Island shareholder in January.
On Monday EQ Resources (ASX: EQR) raised $6.5 million for underground development of its historic Mt Carbine tungsten project in Queensland.
The successes by King Island and EQ Resources demonstrate the tungsten story is fast gaining traction with investors.
Strong growth in APT demand has been forecast, with the global tungsten market worth US$3.46 billion (A$4.46 billion) in 2017 now expected to reach US$6.71 billion (A$8.66 billion) by 2026.
Strategic and critical metal
Tungsten is ranked as a critical metal by the US Defence Department, the European Commission and by the United Kingdom, Japan and Australia.
It has a hardness second only to diamonds and has the highest melting point (3,422 degrees Celsius) of any metallic element.
It has wide applications in defence equipment and armaments, as well as being used in steel hardening, aircraft manufacturing, rail tracks, semiconductors and chemicals.
Here’s the rub, though: some 82% of the market is supplied by China, with the second largest source being Vietnam (7% of global supply) and third being Russia (3%).
Australia has the second largest tungsten resource in the world, accounting for 12% of global reserves but at present produces a miniscule amount.
King Island: much stronger negotiating position
King Island will use the newly raised money to pay off term debt of $4.7 million.
“With a significantly strengthened balance sheet post-placement, the company looks forward to negotiating from a much better position the debt component required to fund the recommencement of operations at the Dolphin tungsten mine,” it said.
“Following these transactions, the company will be debt-free with all assets une
Great confidence from Michael - putting his money where his mouth is - onwards and upwards now :)