Member Info for cf456

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/

Jim Mellon certainly confident.

£1.25 million bought in the recent placing. And now a further £114k on the open market.

Follow the money.

Another positive RNS. Great turnaround story here.

"This is the fifth diamond that has been sold this year at a price in excess of USD50,000 realising a total sale price of USD500,000.

Mike Houston, Executive Chairman commented, "The continued and improving regularity of discovery of high-quality stones underpins the potential value of the Project and the effectiveness of our recent improvements in operational practises. I look forward to updating our shareholders on further developments at Kareevlei as we continue to implement operational initiatives to optimise the performance of the mine."

https://www.investegate.co.uk/bluerock-diamondsplc--brd-/rns/sale-of-7-63-carat-diamond-for-usd-52-000/201908190700054096J/

A rising tide lifts all boats.

"In a nutshell, the movement towards meat substitutes and vegetarian options is gathering steam – and it should not pass investors by."

https://www.investorschronicle.co.uk/shares/2019/08/15/buying-into-the-plant-based-revolution/

Another insti has been buying in, taking a 4% chunk of the company:

https://investegate.co.uk/agronomics-limited--anic-/rns/holding-s--in-company/201908121251037489I

What counts is how well the company is doing and if you check out the slide on page 10, "Q2 2019 - Excellent Results", it's clear that there is a real turnaround going on here with all key metrics increasing significantly. And that's all despite the overall diamond market.

Watching the Chairman and CEO, there's a real sense of optimism and the guidance is a positive outlook for production and growth.

Coming from a low base and with such a small market cap of £2m, if the positive trend continues then there's significant potential price upside from here imo.

In the presentation a couple of weeks back the CEO states that the company is making good headway despite this:

"I'm sure for those who are following the diamond market they'll understand that the market is a bit depressed. But even in that depressed state, we continue to have an upwards trend in terms of our value." - from 11:23

And on the "Value per Carat" slide:

- Noticing an upward trend in the average price per carat as production increases (Q1 2019 USD371 Q2 2019 USD430)

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https://ukinvestormagazine.co.uk/bluerock-diamonds-presentation-at-the-uk-investor-magazine-summer-investor-evening-18th-july-2019

https://ukinvestormagazine.co.uk/wp-content/uploads/2019/07/BlueRock-Presentation-09.07.19-.pdf

"I can see the profits of BlueRock actually doing quite nicely going forwards."

"A tiddler to watch"

And of course the big risk in not being invested is that in such an event you miss out on a huge potential rise. The shares get suspended and then on re-listing there's a massive gap up.

It's a recurring pattern that has happened a few times before and there's a very good chance it's going to happen again in the near future.

A deal of some sort going to happen soon imo.

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"North Sea dealmaker ready to raise acquisition stakes as shake up in area continues"

"RockRose Energy boss Andrew Austin has said the firm is in the market for more bumper North Sea deals..."

"Weeks after RockRose completed the $140 million (£112m) purchase of Marathon’s North Sea portfolio, Mr Austin said the acquisitive firm had the firepower for bigger deals and would not hesitate to use it if the right opportunity arose."

“Every deal we’ve done so far has been bigger than the last so watch this space,” said Mr Austin."

https://www.heraldscotland.com/business_hq/people/17815650.north-sea-dealmaker-ready-raise-acquisition-stakes-shake-area-continues/

BBC 2 this evening, 10:30pm

https://twitter.com/BBCNewsnight/status/1159550194448556032?s=19

POW holding KAT continuing to move up strongly.

"We think that there is strong chance that prices will continue to grow and, therefore, Katoro Gold with its dual gold and nickel focus seems to be a very good investment option.

Power Metals has exposure to 5.9pc of Katoro through the 10m shares it owns already and a further 10m warrants at 1.25p just above the current share price. We consider there is real potential for the share price of Katoro to rise significantly which of course will benefit the balance sheet of Power Metal Resources."

https://miningmaven.com/component/rsfiles/download-file/files?path=reports%2FPower+Metal+Resources+Haneti+Report+August+2019.pdf