RE: regarding new posters...14 Aug 2018 07:56
Thing is the stars didn't line up as we would have all hoped in a ideal world but the are starting too now.
We have overcome the crash in ATP price which whipped most Tungsten producers out and made development of new products vertically impossible.
RHA is fully funded and apart from a small loan we are dept free which is hard to find in AIM
ATP price now recovered to $325, ownership increased to 90% from 49% and all plant and equipment paid for and production able to start within weeks.
Zulu why we would have all liked RHA to fund Zulu selling 30% for £5.1m isn't all that bad it means no more dilution for Zulu, it means DFS is covered and a true value can be put onto it.
Kdnc will also be required to stump up 30% of their share of the $68m a figure put on plant and start up Zulu.
How ever we could look at bringing another JV partner in after DFS and they could pay for plant along with KDNC or buy them out and we have a free ride.
We where never going to own 100% of Zulu unless Circum was land a few months ago.
So where are we at
- RHA 90% ownership increase from 49%
- RHA production within weeks
- ATP price pushing past $325 forecasted to break $400 by the end of the year
- Zulu JV confirmation and funded to DFS, selling 30% for £5.1m suggest a minimum valuation of £17m on Zulu alone which is still crazy cheap when looking at other resources it's been compared too, one that has a MC of over $1billion
- Circum minerals a multi billion $ reserve that we own over 5% of possible IPO September $800m
- ACRM gold shares more than doubled in price
So anyone else think this is crazy cheap £15m MC MM need to let this go could see a massive jump imo talking 100s of % for consecutive days to re-rate to what we should be at.
Will the MM let the shorters out is that why we are holding here?
Are to the MM have a large order to fill. A lot of smart money will be moving back in here just look at the assets and the potential. Even short term holders know they could easy multi bag - strong and long want to see what Zulu and Circum bring to the party.
Another interesting day / days and months ahead GLA