The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
EV, looking at Tradecraft's Amapa valuation spreadsheet, (which I have not simply taken at face value, I have gone through it very thoroughly), I believe $100m a year profit for 20/27% ownership is extremely conservative given current ore prices. Barksy, I'm with you on this, £1 is definitely NOT enough !!
MBW, not at all, longer term I really believe Amapa could surpass most of our expectations, certainly surpass the initial estimates that have been written on here. It's just a nagging doubt mainly due to this being the AIM market which regularly defies all logic.
Totally agree EV, if the big investors have done their research the long term returns of Amapa should make us a steal at most prices rumoured on here and beyond, taking most of us into life changing territory.
for a misfire ? The long awaited RNS completely changes the value of this company making it "worth", anything between £1 and multiple pounds as so many on here have suggested. However, as we all know, a share is worth what a buyer is prepared to pay and having been there, done that and got a drawer full of tee-shirts with REM/KDNC printed on them, the pessimist in me is dreading the RNS going off with a resounding phut instead of the bang we're all expecting. Or is it just me ??
I can't believe that any party would not want this project to go ahead. If it does, EVERYBODY wins, if not, nobody wins.
It can only be fine details that have held this up, it's best for all parties for this to go ahead, maybe a few corporate heads need to be banged together
Agreed @Dallasdaz the signs were there from very early that BCN weren't going to play ball. Makes you wonder how the JV came about in the first place, like him or loath him, DL could be a very persuasive man.
Just to be clear, we're not talking about share price here, profit based on 20% ownership and out of date figures from 10 years ago does not Equate to NPV which is based in a 14 year mine life at 5.3mt per annum. NPV x 20% or 27% ÷ number of shares = SP that dreams could be made of.
At 4.59 in the recent podcast KM states that KDNC have first right of refusal to go to 49% should Indo Sino wish to raise further capital. Can't see them needing to with over $278m sitting in a big pile at the dockside. Makes me think that 27% may be our maximum holding in Amapa, still good but not as good as 49%
I've given up trying to guess the SP, today had all the right conditions for a steady rise, instead we had a spike and a steady decline. My hope is that when KDNC becomes a billion $ company, which, with current iron ore prices, Amapa could realistically deliver, the bod get us off AIM asap.