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Unfortunately the 18 consecutive buys total less than 2mm shares, whereas the 1 sell was for more than 2mm shares, so we havent quite cleared them out yet.... but nearly and then hopefully we can go up again. Hopefully positive news on 2nd cash flow from Leigh Creek either next week or the week after, leading to a second cash flow, and then we can start to move up to a more realistic price. Bit of a shocker by JP yesterday , using the R word ( raise) , cos i cant believe he has any intention of raising anywhere near to these prices.... he would do better to simply slightly slow down expenditure on Hanns Camp and or Redmoor until 2 cash flows funded it organically - no point diluting down here. Don’t forget he still has options at 1p that have vested already and expire in June next year - would be bizarre if he did actually raise money at these silly prices cos it would hurt the board more than anyone ...
Plenty of BED and ISA transactions going on , which is a positive sign as it suggests people are putting shares away for the long haul expecting significant capital gains from these levels ( ie if you were going to knock them out at 5 or 20% higher , you probably wouldnt bother to move them into a tax shelter ...
If we fast forward a year to the time LC is fully on stream , we can see a company with perhaps 300 tons of copper per month = 300*12*$7000 , giving sales of approx $25mm per yer. Add in Cobre sales of $8mm per year , giving sales of at least $30mm per year . Assume margin of 50%, giving profit of $15mm per year. If , as indicated then JP starts paying a dividend of say half of that , it means he will be paying out a yield of almost 20% annually. It is very hard to see how the share price wont be significantly higher at that point ( ie more than double ) even given the vagaries of AIM. Patience is all that is required - ignore the short term price movements and focus on the bigger picture, which is what PW indicated all the LTH are doing - the rest is just noise ....
This sounds very promising. The RNS says LG CNS had revenues of more than $3bn in 2012 from renewables so its reasonable to assume they have some idea of what they are up to and would only get involved if they thought Enestry was onto a good idea. In addition RNS of 27 Jan confirmed Enerstry had $19.5mm of revenue over next 10yrs from 2 deals already announced, and this RMNS says several other deals currently being worked on - and now LG to help get deals ?
I think you are right - and that makes 3 positive RNS in last 10 days , each with additional revenue . Regardless of what share price does ( and on AIM that seems to be anyones guess) it feels like there is real momentum building for this company which over the longer term must be very positive
Maybe a little perspective required. A week ago I had never heard of Enerstry. Nova bought 23.72% of it , and then within a week announce a) deals expected to bring Enerstry $19.5mm over 10 years ( so almost $5.0mm for Nova) and crucially b) capacity and financing for plenty more deals. Now $5.0mm over 10 years is not much I grant you , but its a lot better off than a week ago , and if it multiplied 10 fold , this could become a serious performer. So it seems to me that despite all the noise form the rampers and the derampers we should focus on the fundamentals.
i see Tricor has opened a new website this morning - same link as before : www.tricor-plc.co.uk If you click on the link "investments" and scroll down, there is a link to a website for the subsidiary which runs the sand business: http://www.tricor-env.com.sg/ Look at the revenue figures on the "operations" tab on that link - having only started in late March , revenue of $1.192mm in April , and predicted to rise to $3mm per month by Q1 2014 , and then a reference to "minerals" on top of the sand .... Could be a winner here ??
Dear Sir , I do not normally post messages although I regularly read them. However i was wanting to write about your comment as it seems inconsistent with the announcements made. I understood that Tricor pLC underwent a reorganisation in January - specifically a CVA . Surely this means that all creditors ( including HMRC with regard to their VAT claim ) received shares in place of the debt they were owed . Therefore I cannot see how Tricor PLC can "lose" the VAT claim as you put it. Instead , as per the RNS announcement of 20 Feb Tricor raised £480,000 to make investments to enable it to relist , and since then has announced in the RNS of 18 March and 28 March that they are buying and selling sand - presumably at a profit you might hope. I think that the future prospects of the company depend on that and that the VAT case is not really relevant. Does that make sense or am I barking up the wrong tree?