focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Last time I checked, it is funded by the Junior Partner until it hit's a certain point. Then BMV will have to support the further progression.
The terms of that was split it with the JV, at a 40% us 60% them...
Please feel free to correct me if I misunderstood...
Also from my knowledge that project is still not added to BMV's books... in terms of valuation...
DYOR, there are others here with better knowedge of BMV than myself.
Mate, it's been overdue for 12 months+ you can see it in the RNS statements go bk to September...
however southern gold was dragging the price down... align soaking their share up relieved concerns... and was a increase of their position...
don't get your hopes up to quickly... I've been here for 3 years...
gradually building my position. The company fundamentals are good!!!!
debt free
2 mines south Korea
1 Philippines (40%)
hoping for it to explode or get a rerate back to 2p where it should be
I think your right, cause I believe Alight were the people who brought out the Southern Gold Shares... I would think we should get some sort of news within the next few weeks whether it's what we want or not...
Yes, that was not good news... However the fact another company picked them up and increasing their position from BMVs perspective makes that irrelevant... IMO feel free to correct me.
My concern today was the 80k SALE... that has been one of the largest transactions I've seen for ages... anyone know anything.
Please don't use my information to buy or sell this. I am a Novice, DYOR...
I will provide information where I can that I am aware...
2 mines are in Korea (pending permit for 1 as a Concept)
1 mine is in Philippine's that 12 months ago was NOT included in the companies' value as the country was anti mining.
Now still not included, but being funded by a partner until it hits a certain stage... BMV are not required to give any funding until that stage...
and its split 40% BMV 60% Other
Delay is for the South Korea mine... That's why its so low. have been stating they would have the permit by now multiple times.
until that is obtained it will remain this low or lower. if obtained it will re-rate quickly to 2.4p+ possibly 5p - 9p in a decent time frame.
If they don't obtain it or it is rejected, PI's investments are at risk... Southern Gold was selling their positions over the last 4 month...(I think) in batches... that is now completed. So hopefully this is now the bottom, But hey investors could lose everything...
I've already lost everything in GRL and RMM...
DYOR
Everything you say makes complete sense, The one thing I do not understand is BMV is in a stronger position now than it was 24 months ago...
However cause of the delays in the mining permit it has tanked from 4p -> 2p -> 0.6p
again I've been burned and made mistakes multiple times. But each time I've learnt.
Exactly, I am a novice and I do not hide that. So far from what I've seen in companies though is the hype can be more impressive than the outcome.
If you type in google "Visualizing the Life Cycle of a Mineral Discovery - Visual Capitalist"
The pattern seems to be very predictable in terms of mining companies. This is what I'm hoping for, I could be wrong and have been consistently in the past but each time I've learnt.
DYOR
The permit is the unpleasant bit...
if that gets through, we will end up with a vast re-rating 6p - 8p
It was 5p without the additional phillipines project.
The company has 0 debt
Major investors are still onboard and have been since the start.
Align have continued to be onboard and have a recommendation in the past of 12p
company is in a stronger position now than when it was at 4p...
3 mines instead of 2.
Once we get the mining permit this will fly. if we don't we are going to be stuck
here until the company goes bust. However I believe it is govenment paperwork that is the problem.
if it does fly the hype will outweight the company potential then rerate itself.
look at GGP/GRL for a examples of this.
DYOR
I don't get this share Selling on Good News like that? Seriously This share is in a stronger position now than when it was worth 4p or 5p. GGP and GRL moved vastly on these types of news...
Yet it's barely moved!
About me...
I am a Novice, DYOR and I am invested here...
If they survive this is going to take 12 months of SOLID production to become profitable...
Ghana takes a large cut on Gold being extracted and sold. As you said Opex is going to cause debt and causing the share to have more issues.
They have 1 shift doing extraction, if they get up to scratch they will will increase the shifts...
Lets assume they do and in the same time period they get 4x 20kg in gold thats nearly $3M GROSS
But again this is still not enough and will take time to recover and grow...
This needs to explode in a good way for recovery, but I cannot see how it can do that. if it recovers were looking at 2025 IMO. I've lost 80% of my value in GRL, So I've wrote it off and stuck.
I WANT TO BE WRONG! But I just cannot see it...
In other news!
Ghana inflation has decreased by 3% this month lowest since October 2022... So we need another 30% to go back to pre Ukraine...
Also diesel is 12 Ghana Currency was 6 Pre Ukraine...
So we need that to drop as well...
Interesting. Can someone confirm if my way of thinking is correct?
We are now all dependent on the good news or bad news regarding the Mining Permit. It will potentially make or break this company? This should all come to a head within the next 2 months...
40% of Philippines mine is ours, we pay 0 expenses
Catalyse Confirming they will buy the SAU shares over time shows their confidence in the company.
The Company is now Debt Free
Directors have salary sacrificed to reduce overheads
If it's good news I think we will have a GGP and GRL moment where the share will rocket to 4p+ and beyond very sharply and quickly. The hype behind the company and interviews will result in huge amounts of people and money flowing in hyper inflating the share.
If its poor we will go down further...
I am invested here, DYOR I just wanted to others opinions.