Member Info for BwanaMakubwa

Agree with you Doc.It would be most helpful if some of the doomsayers on here put their money where their mouths are and sell.This Board may attract a few more retail buyers if they did.There is nothing wrong with constructive criticism, but when I get really negative on a stock I just sell rather than whine.

Placing price-very hard to call.Personally assuming nothing, just in "wait and see" mode.Whereas it could be 7.5p, it could just as easily be at a premium as the cornerstone presumably has a better feel for the true future value of this company than most of us on here do.

100% agree with you GGG, the longer the shares fail to reflect the fundamentals the greater the chance we get taken out.Remuneration at Bybrook is heavily geared to portfolio performance-they will not like sitting on dead money.

Way too early yet.Although IP rich any predator would want to see much further evidence of turnaround-sales growth, cash generation, new customer traction etc.Our two main shareholders plus probably management would not accept a bid at the moment.They are fortunately heavily invested and fully aligned with us and will want far greater value accretion.Two years out-yes probably will get bid for and assuming the price is fair we will be waving goodbye to ITX.

Fears of inflation and interest rate hikes are spooking markets.Slightly ironic when our underling resource is due to inflate!! Some will be taking risk off, but inflation and interest rates will get factored in soon enough.Personally holding tight in all my positions.

Fears of inflation and interest rate hikes are also spooking everyone.Slightly ironic when our underling resource is inflating!! Some will be taking risk off, but inflation and interest rates will get factored in soon enough.Personally holding tight in all my positions.

..perhaps time for another physics lesson Picked and TDT :).

Today is a perfect example of the point SmartInvestment made yesterday regarding the 14% free float.It takes very little volume to drive this thing up 10%.Very bullish-almost as exciting as the company's excellent fundamentals!!

Octopus.
IP Group and Octopus are class shareholders and I mean proper class. Not big names like Blackrock or Fidelity ,but excellent investors in micro and small cap. Both often buy unlisted and stay with the company beyond IPO. Worth googling and should give you comfort that you are in great company. I know both groups well.

Thanks Oscar.

OscarRoberts or anyone-could you please post the link to the Telegram group. I could not find it. Thanks.

Today's resilience (FTSE down 2.75%),suggests that we are not going to fall much below 10p for very long. Smartinvestment makes an excellent point re scarcity of free float.Genuine fast organic growth with do well in virtually any market regardless of interest rates and inflation worries.

Agree the momentum has gone here for a while and we are drifting lower on divi disappointment. However, as most on here have seen this share can drift for a while and then suddenly take off with shares very difficult to buy.The fact is it remains materially undervalued on almost any metric, this will not last forever and we all know the catalysts which can/will light this up again.Unfortunately we are just all going to have to sit around for a while until one of them arrives(probably a double divi payment).The value will out and when it happens it will happen fast and the collective mood of this board will be a lot better.The fundamentals, which are excellent, really do count.

"tide".....sorry spell check!!

Interesting link iroller and as a Luddite, I get it. I will resist buying an electric car for as long as I can, but as Luke suggests below-I will not win!! My next car (in about5/6 years) will inevitably be electric. The tied has turned-the big auto manufacturers are all going electric, petrol/diesel cars will be taxed out of existence and even die hards like me will have no choice....well actually a horse and cart might work:).

Good posts nberzins and Tornadotony.
As those who invest in pre-finance resource companies will know we are now in the tedious and often dangerous period of waiting for the finance deal. Tedious because these are hugely complex deals involving many specialist professionals-banks, lawyers, institutional investors etc, etc. They take time, often a long time as all parties will be triple checking everything. Dangerous because the largely retail shareholder base gets bored, worries the finance package will not get done, see other opportunities and sell causing a drift down in the share price.
This is where trust in management comes and the astute long term holder can add to his position at bargain prices. This is precisely where we are with PRE now. I do believe we will secure the financing quite rapidly. Saltend should be quick-there will be a queue to finance this. Longonjo may take longer, although the presence of the Angolan Sovereign fund will give confidence and may even lead to some local bank lending-but we may have to wait 3/4 months for this. Personally I trust the management here for the same reasons as nberzins and Tornado plus others like China have indicated. There is massive upside here, but patience is required-chasing the hot stock of the day can be dangerous-witness RMM over the last few weeks. Buying well managed companies, with a proper strategy in strategic metals is safer-though no investment is without risk. I stand by my £10 price target in 4 years, though am expecting to be bored over the next few months.

Mayorhumdinger-I am 100% in China camp. The shares could well be lacklustre for a while whilst we await funding, which could still take a while, but I have always maintained that on a 4 year year view anything under £2 is a good buy(I have paid up to £1.70 and as low as 78p). My fag pack calculations come up with at least £10 per share on that time frame. We also know that when this share moves up, it moves fast and is difficult to buy in decent size. Below chart may be useful.

https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

No news-just looks like a decent size seller, big volume 20 mins into trading day.

Nagyielad-should be on the Company website by now.Worth watching the full hour, though some of it you will already know.

Thanks all for excellent comments.Incidentally I thought JM's body language was pretty damn confident.A couple of key things in no particular oder were:
-Management will participate in the fundraise.Clearly they have been in no position to buy since funding discussions started.
-Amongst the investors they are targeting are Sovereign Wealth Funds.This is interesting for two reasons:1.SWFs are prestigious names to have on the register.2.SWFs also very keen on debt funding-could be very useful for V.if we manage to land one on the equity register.Govt of Singapore,Norges,ADIA etc all manage multiple billions.
-If you can afford it, hold these shares for 5 years-the company will be worth several billions, will be a cash generating machine paying a nice fat dividend.Think of your yield on a 2p divi per share paid on shares bought between 2-9p.
-JM intends to build this into production and HZM will become a mine operator with a JV partner (of which there appear to be many) for V.No doubt BHP,Vale etc will come knocking, but our management team is definitely not selling us out on the cheap-they clearly know the value of their assets and will want top dollar.Imagine the value in 4 years when nickel is $30k plus.
-It is quite possible the shares will languish around current levels up until mid June.My advice would be to add as much stock as you can down here and hold onto it for dear life-because (barring any black swan events) it will make you very rich.Our patience and loyalty will be rewarded here I have no doubt.