Member Info for ConMan94

Adam, anything said in the Q&A worthy of sharing to your fellow investors?

Thanks

Further more the ruling says SRB just have to show it wont affect the community. This is where community work and £ comes into it.

Deffo a storm in a teacup and people are acting like Coringa is the be all and end all. Palito is a very successful operation.

Even if Coringa didn't go ahead, look at what it's already got. Undervalued on that alone. Still confident Coringa will go ahead.

took another 7k worth anyway to help out. Doing my bit.

People watch the SP too much, me included.

Business is sound, contracts will be won, and there may be times where no news is released but with CF I know he's working in my best interests.

People wanna see 50p tomorrow. It aint gonna happen. Relax, trust your research, trust the bod and come back in six months. Been here since 6p - full faith in the team.

https://twitter.com/ruffles80

I emailed the company and nomad last night to advise an RNS was required. Glad to see they listened.

think this drop is way overdone tbh. c£11m in cash debt free.

150p buy target according to LSE - I can't find an official announcement though?

Absolutely.

Since this whole thing kicked off, I've always believed and continue to believe that a 'Virus Defence' for every country will now become part of national defence, just like Navy, Air etc. We can see how bad this virus has affected the world. Only take some nutter to create one that is more fatal and we'd be in the mud. Going forward I expect to see the likes of Russia, China, UK and the US to spend heavily in this space. If that comes to fruition which I believe it will, OO is excellently positioned to capitalise from Western Defence investment.

ramp away user lol. Think the people who bought at 90p+ need all the help they can get lol

It's not working for me, says tweet deleted, unless Jef blocked me hahaha! Is it the tweet from 16 Nov?

ah fair enough adam, I've of yet not been involved in any delistings or fraud so I probably have a bigger risk tolerance compared to you, being involved in three.

Anyway, good to see Serabi push on. Hopefully we can get some news on when the rab is going to blast these 6 OP targets as I don't believe this has started, but if anyone could prove otherwise then please go ahead.

tweet has been deleted what did it say

The whole accounting thing was blown way out of proportion. I took advantage buying in the low 60s - Hum has great promise but they don't know how to operate a mine successfully.

SRB know how to mine, their problem has always been with comms.

Well the first compressor was supposed to be fitted in the third quarter. So when we get the update that should confirm if it was indeed fitted. the second compressor should be Q1 22.

The pump in Tunisia is a bit more wishy washy. Should be completed by end of the year, but who knows, maybe it will be done when we get the next update.

I think 6p is a bit steep. 70m for 2k boe/d which this is dropping, with no obvious route to seriously increase this at the moment. However, I think 3.5/4p would be fair value right now.

Lokanraej - you're probably right in that the company hasn't played the AIM game. But If they had been playing the game, more investors would've been hurt during the covid period and sancrai failure as whilst the pump is greater, so is the dump.

They're running the business likes a 20k producer, when in reality, the production here is still quite small and shrinking by the day and so a bit of a pump from the bod once in a while wouldn't go a miss.

Having said that, you can't really fault them too much. We know what they're plans are and it's up to each investor to either strap in for the ride or get off.

I think when the update is given the cash position could set the SP alight.

Rupert Labrum TR1 3% buyer

Ella, are you aware of the global delays in getting assay results back?

Indeed it is pedro. What we need now is the license to be granted for Coringa and funding to be announced. Once that happens, providing gold doesn't drop to the floor, I see Serabi at least £100m valuation which is bag. Check out Jaguar's valuation on the TSX and their relatively short mine life. If we can get close to that valuation we should be looking at 3x without any exploration success.

Zero Debt
Assets held paid for in full
has $15m cash (dependent on drilling)
Generating FCF
For me I struggle to see much downside risk when the co is valued at £50m.
Production to be at 75k as a conservative estimate within 2 years. This will come with debt finance and no dilution as per BOD.
We've then got multiple open pit opportunities to go for.
Then to mention M&A in the gold sector at the moment.
Really struggling to see many better gold mining options that can provide multiples returns with low downside risk.