The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
https://www.***************************/reabold-resources-qa-romania-project-update-lonrbd/412791811
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient." - Warren Buffett
https://twitter.com/hobionetrader/status/1168432319042072576
https://twitter.com/hobionetrader/status/1168480140122382338
"Great results out from @_BlueRock which show considerable improvements at its Kareevlei Mine since the introduction of new management team in April 2019"
https://twitter.com/StBridesP/status/1168434801214402562
"the Board remain confident that the near-term monthly production target of 40,000 tonnes is achievable and continues to expect that the Company will be operating profitably during the second half of 2019."
"Revenue of USD 1,768,275 over double that of H1 2018 (USD 821,812)"
"4,936 carats produced, over double that of H1 2018 (2,438 carats)"
Interim results out. Some highlights:
"The Board anticipates that the results for the second half of 2019 will be a significant improvement on the first half of the year and expect that the Company will be profitable in the second half."
"The increase in the carat sales for H1 2019 are largely a reflection of the significantly increased production volumes enhanced further by the increase in the average price per carat to US$405, up almost 20% on the same period in 2018."
"Kareevlei continues to deliver excellent quality diamonds, particularly in the plus US$1,000 per carat range."
"The average grade has continued to increase, as has the average coarseness of our stones."
"The quality of our stones remains high, again reflected in the average price per carat that the Kareevlei diamonds attract. Over 90% of our stones are of gem quality which sets the Kareevlei production apart from most diamond producers. The Kareevlei mine remains in the top 10 by average value per carat diamond mines in the world."
"We expect to review our guidance at the end of Q3 2019 once we have further evidence of how well the new crusher is working, although early indications are positive."
https://investegate.co.uk/bluerock-diamondsplc--brd-/rns/interim-results/201909020840038571K/
V positive.
"The presence of a 45 metre oil column in the Kirkham Abbey Formation is very exciting news for Reabold and could represent major additional upside to the West Newton discovery.
...
Further success within the Cadeby has the potential to add substantial further oil resource upside confirming West Newton as potentially the largest onshore oil discovery in the UK since Wytch Farm."
"Turner Pope Investments (TPI): The presence of a 45-metre #oil column in the Kirkham Abbey Formation is very exciting news for @ReaboldPLC
and could represent major additional upside to the #WestNewton discovery #RBD"
https://twitter.com/Share_Talk/status/1167476621479153664
"Interview with Andrew is imminent, will give date when it’s 48 hours away so I don’t jinx it!"
https://twitter.com/mgrahamwood/status/1167445953990840321
Malcy today - "huge scope for a significant upward rerating", "target price of 3750p"
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"Now all is needed is to decide on the replacements from the subs bench as it were. I said last time that RockRose Energy would have been included had it not been suspended so now I can rectify that. At 1730p it seems odd having been taken off the market at 805p but that was prior to the Marathon deal that they have just completed. The deal doubles or more production and resources and in a stroke takes it into a bigger league where I am sure more deals will be possible. At this price the shares are totally covered by cash and that leaves huge scope for a significant upward rerating, I have a target price of 3750p."
https://www.malcysblog.com/2019/08/bucket-list-6-month-update
Strong recent move up:
https://invst.ly/byhu6
https://masterinvestor.co.uk/evil-diaries/evil-knievil-palm-oil-futures
He clearly thinks the share price is considerably undervalued at the current level. Otherwise he wouldn't be buying so frequently and committing such a large amount to the purchase of shares.
He will also have a good idea of the prospects and potential upside over time.
A strong case of follow the money.
In terms of just how cheap compared to others:
https://www.youtube.com/watch?v=Bnxo0cr1TQY - from 2:53
Jim Mellon is bullish gold and reckons that it is going up a lot:
"And that’s why gold is rising, not much yet, but a lot over the next three years or so. I really wouldn’t be surprised to see gold at US 5000 an oz in that time period"
https://masterinvestor.co.uk/economics/mellon-on-the-markets-gold-and-what-comes-next
Clearly he sees a significant trend coming and CNR is a leveraged way to play that trend. Being a director he's close to the action so will have a much better view on the company's prospects. He must be very confident indeed given all his recent purchases.
If gold does indeed move up to US 5000 an oz, then CNR will comfortably multi-bag from current levels if it's not taken over before then.
"Jim Mellon is a director, he's been to site, he's a very astute investor as we all know, and he offered to put in £1.25 million....at a premium."
https://www.youtube.com/watch?v=2pDO8fYPAPs - from 12:25
He's certainly sending out a strong signal that he thinks the shares are a buy.
A huge £1.25 million bought in the placing. Then 3 consecutive on market purchases which have been RNSed.
He got where he is today by some shrewd decision making, so his heavy buying is definitely worth taking note of.
"We've got a brilliant project, very high grade, highly economic. We've got an NPV...on four different scenarios the average NPV is about 190 million US compared with a market cap of say 22 or maybe after this 25 or 26 million US.
So the price/book ratio is about 0.12, the ounces in the ground is about $9/ounce in the ground and this is almost at distressed levels.
I think if offers investors at this point incredible value."
https://www.youtube.com/watch?v=2pDO8fYPAPs - from 7:16
Excellent pullback opportunity on the slight dip.
An acquisition can happen any day, and is fairly likely given that management have stated they are on the lookout. Shares get suspended and then the price more than doubles on re-admission. Would be very frustrating to miss out on such a huge move up.
"Every deal we've done so far has been bigger than the last so watch this space"
https://www.heraldscotland.com/business_hq/people/17815650.north-sea-dealmaker-ready-raise-acquisition-stakes-shake-area-continues/