Member Info for Candid

Great to see ARB finally moving past the 4p area
Big test coming up for BTC, if it breaks $7315 it will start getting very interesting

I tend to agree, they should be minting it right now with demand for Videoconferencing tools such as Microsoft Teams skyrocketing and demand for cloud based technology increasing.
There’s a lot of public and private sector companies who are struggling to operate remotely with outdated IT systems and would pay big premiums for rapid solutions.

This is under the radar with a 22% discount to NAV. The business model is very low risk too.
I wonder when they will add to their U308 physical purchases, taking more supply off the market.
(They have a 10 year framework agreement with Kazatomprom and can purchase $100m a year)
I can see a capital raise coming soon, but the great thing is that this is not dilutive, it will go straight to the NAV.

Nice Q1 update, revenues up, costs down and nearly £2m cash in the bank at 31 March. (That’s pretty decent for a company with only a £3m market cap)
Waiting for news on further contract wins..

Product available in the next 5 weeks, expect the share price to climb steadily in the lead-up to this.
https://www.proactiveinvestors.co.uk/companies/news/917591/genedrive-aiming-to-have-a-coronavirus-test-available-within-five-weeks-917591.html

Very substantial buys by 2 directors, they obvs have deep pockets.
Don’t know why AIM and ASX prices are not similar, you might as well buy on ASX where the mid-price is 36c (approx 18.4p)

Interesting rise today, MM games before the placing news on ASX tonight or perhaps a leak from UK based Lombard Odier Asset Management? (largest holder)
The last placing was done at a 10% discount, so this implies around 17p if the same is used here again, but perhaps it will be done higher or even at a premium?

From the recent update, what cost reduction exercise is possible here?

“Separately, we have completed a major cost reduction exercise across the board at Arc to ensure we are in the best possible financial shape going forward as we all adapt to the Covid-19 crisis. A separate update on this - as well as the work we are completing on the Kalaba Commercial Scale Demonstration plant and drilling programme - will be published shortly."

Bitcoin on it’s way towards testing $7200 again. BTC Halving event is expected in approx 4 weeks time, can we see significant rally as the date approaches? I think traders will expect a rise and will go long

The December Loan of US$1.7m and proceeds from sale of Sturec (approx US$260,000 1st payment) gives just under US$2m spend for the foreseeable future, is this enough for the planned drilling campaign and other activities?
Anybody know if they are still doing the ‘drill for equity’ agreement with local drillers Baba Drilling?
Funding looks to be insufficient for development of the pilot plant and drilling so something is likely to be scaled back.
There is a chance of a JV deal with a major to expedite exploration but this has been mentioned for a while now and nothing has come of it yet.

Yes indeed, uranium might just be starting it’s long awaited bull run and the covid induced supply shock has just accelerated this. I’m loaded up on Canadian and Australian companies, not many UK listed ones other than GCL, YCA, BKY
Does anyone know the subscription price of these rights?

This consortium did very little to try and save Flybe, instead they were trying to snare taxpayer money to suppot it, scandalous..
I wouldn’t be at all surprised if they ran Flybe into the ground just to get the big tax losses.
Just remember the consortium members as they are never to be trusted and their reputation has been trashed:
Virgin Atlantic
Cyrus Capital
Stobart

why are people so excited about mining conference anyway? they are just promoting the company to potential investors.

£35k is a decent director buy.
I also think we’ll see more contract wins in the months ahead, should be an update on the Japanese railway pilot project too.

ARB will probably trade in line with BTC regardless of operational performance.
The question is will BTC gather a good run over the next few weeks and months?
I think BTC may resume it’s bullish run as a lot of money has exited equities and is looking for a new home

What are views of the next drilling campaign? (non-Havieron):
The most recent presentation points to two areas:
1) Scallywag ( 4 high priority drill targets identified)
2) Patterson Range East (8 high priority drill targets identified with 4 primary ones)

The presentation mentions that Scallywag’s four priority targets ‘expect to be drill tested in 2020’, nothing about drilling is mentioned against Patterson Range East or Black Hillsprojects, but further down in the summary it mentions ‘drill testing planned in early 2020’. So it may be more than just Scallywag drilling this year.

Btw, is Scallywag included in Newcrest’s right of first refusal as part of the farm-in agreement? It’s not clear from the presentation, it seems that it’s not but Patterson Range East and Black Hills is.

While Newcrest is busy drilling Havieron, I fully expect GH to crack on and start drilling Scallywag asap, followed by Patterson Range East.

that’s spot on Sat60, a 3m oz gold resource should be worth quite a bit, even considering it’s in DRC.
We’re talking about a $5 billion ‘in-ground’ gold resource.
No point selling it off to the 1st bidder, they need to maximize shareholder value.
Mining continues in DRC and some majors such as Ivanhoe are expanding.
From the last Casa update, it was stated that they are now in discussions with a number of third parties who they couldn’t talk to before, so this could lead to a much improved deal.

A buyout of Monchetundra is unlikely at this stage because of the following points:

1) The licence for the extended Monchetundra area has not been granted yet.
2) The reports of a 40m oz resource is an estimate of ‘potential resources’ based on some data that has not been verified yet and hence the company will need to do a lot more work (including drilling) to prove this.
3) The official existing resource stands at a modest 1.9m oz palladium equivalent (pgm + gold)

A major player would never make a bid based on unproven ‘potential’ resources and unresolved concessions claim. If they did, they would need to factor in a risk factor and the bid would be hugely discounted.
If the BoD want to sell, they would need to address the above points in order to get full value for shareholders.

***
“Research in Russia found that the whole of Monchetundra, which includes areas where Eurasia does not currently have a licence for, has a potential 40 million ounces of platinum group metals.
Eurasia added – “This data has not been independently verified by Eurasia and other than the area covered by the company’s existing licence, the company does not yet have any other licences in the area. The company would need to verify the data in the Russian Cadastre through additional work and drilling.”
***

yes indeed and am surprised it took a dip this morning, although looks to be recovering now.
Glad that these results are out of the way as they have the ‘fall-out’ from the US banking platform coming to an end and forcing MNO to shut down operations.
Only 2 months’s worth of revenue were in these results from the Airsight revenue streams, they are upbeat on growth here. Very likely that there will be more railway contracts this year so everything to play for.
Also interesting that they are now looking to reactivate the Maestrano platform, perhaps the market for this has matured or they have had some interest in it? Looking at their direct peer, a NZ company called 9Spokes (listed on ASX), they seem to be making good progress in this area and have Bank of America as a client, their market cap is $28.4m.
Perhaps MNO can outright sell their platform to a bank as I feel a bank would rather host this type of product ‘in-house’.

Good news and about time too, it should have been done ages ago, Nasdaq and biotech are the best fit and the new investor base should give it a more realistic valuation.
So what’s the likely timescale for the listing of the ADRs, 6 months?