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It may come as a surprise to people here but I spoke to several small cap investors this morning about DGI and none of them had every heard of the Company and had no idea that three top guys from Tesla had taken control. I sold my Argo this morning and topped up with DGI . The hard thing will be to hold on to this share for three years but that is what I'm going to try to do and turn £10k into £1m.
This is the best chance of a 100 bagger I have ever seen. It is relatively risk free too imho.
The Tesla Team are top guys very very well connected, they have a reputation at stake.
DGI will suddenly be regarded with great respect by the EV industry with them on board.
There are lots of small undervalued companies for them to hoover up.
I'm going to get a bit more, even if it only 10 bags from here it makes a difference to me.
BEN is back at the placing price from 2 years ago but now they have a railroad, a wash plant, two high wall miners, the underground mining, and can produce 70k to 80k clean tons per month and make $40 a ton. They are so cheap compared to the US listed miners they must be vulnerable to a bid. Indian MET coal demand is growing strongly as Wilson said 'we have never been in a better place than right now'
As Wilson says all US MET Coal producers, Arch, Warrior, Ramaco etc are all at all time highs. They are all listed in the US with proper investors, we are on AIM . When a bid comes in for an AIM company it is at 100%, 200% premium because the market is totally misvaluing our companies. That will change one day.
I like a placing for the right reasons. This one is, their business is growing like topsy with an amazing blue chip client list. Brokers are going for 40p eps for the year to start 1st Jan, I suspect that is a bit optimistic but they may make 30p, on 20x (which would be cheap for an AI business) that is £6. Very exciting little company IMHO
And until he's done it can't move up. Someone must know who it is and take him out. The value of the Company has moved ahead massively over the last few months but the shares are down on one investor constantly dumping stock, they must be a distressed seller but until they are finished the shares cannot move ahead. I'm just watching for a large matched bargain to go through. Fair value must be closer to 40p now imho
High Vol B up $3 to $238. Nov futures are way above this level.
Its all about the accountants, so many companies reporting on the last possible day because the bean counters are all WFH. Anyway the figures are so old they don't mean anything imho, its all about what is happening now, production is growing, the coal price is on the rise and costs have come down.
We have 30% of our deposit High Vol A. Usually, the difference between A and B is $20 so we could see High Vol B up again soon. Every $10 gives BEN a further $10,000,000 on the bottom line and using a PE of 5x an extra $50,000,000 on the value of the business. BEN is only valued at $69m.
Thanks Mr Bond. I'm surprised the shares didn't move up significantly last week but now we are set fair to be a multiple of today's price, it just seems to take a while for the market to wake up but wake up it will. The imbalance of supply and demand in the US should drive MET coal much higher over the coming months. BEN is now totally the wrong price. Good luck to all who held on.
I feel for the management at BENs, they have worked something of a miracle getting this mine running, washplant repaired and upgraded, the railway line repaired and permissions granted, the deep mine working efficiently, two HWMs running on double shifts, more permits granted etc etc, the a big collapse in coal price brought about by Russian dumping and suspect coal deliveries sent from Australia to India....... At last the stars have aligned for them and this is going to be a super profitable Company paying massive dividends. Well done guys and good luck going forward.
I've come off the fence today and added a bit this morning. It may be a little early to call a change in MET coal but looking back it was over $300 earlier this year and over $450 last year. At those levels BEN would be making $150,000,000 to $250,000,000 and the shares would be way over £1. A 10p dividend would also be small change for them. It may pay to be brave.