RE: What are the realistic risks.13 May 2021 17:34
Like any mineral exploration project findingf the stuff is not the difficult bit. The science is in finding how much of it you've got, how much you can get at, what are the concentrations (lucrative pockets and run-of-mine) and what's its lifespan. Then you have to work out the extraction and processing cost to produce the stuff you want to sell and you weigh that against the current and expected price. The problem with mining is that you have to invest in a huge amount of capital cost upfront before you can produce in commercial quantities, which is usually when one of the big companies comes in to partner up. That way you avoid huge debts and/or unsustainable rights issues. The big risk is you run out of money before you can reach production. Happens a lot - the world is dotted with 'world-class deposits' of this and that mineral which no-one can afford to develop to full commercial scale. And don't forget the substition effect. If a materal gets too expensive the boffins will try and find a subsitute or a way of doing without it. But, that said, HE1 is a strong buy unless the drilling numbers turn up a dog's dinner. Anything reasonable from the drilling will be good news for the SP.
And I've always taken them as scrip. There used to be a tax advantage over cash though I'm not sure that's still the case. But over time the scrip build up can be significant and it means you're not paying broker commission nor the spread to acquire stock.
Steady buying in small size. Obviously not many sellers after latest announcements. New broker is also supposed to bring in some institutional buying; so we might have come off the bottom and started an upwards trend.
RE: 25th Sep 2020 7:00 am RNS New borrowing facility agreed01 Oct 2020 10:03
Well worked out Hedgie. Interesting acquisition but would have liked an explanation why the added value is significantly more in year 2 over year 1. Even so buying has perked up today which has to be good.
Large orders. There seems to be a misconception about large orders going through 'after hours'. What happens is that if the automatic matching service can't take a buy or sell order in size without splitting and skewing the price the order is done off screen and reported separately. So it looks like a late trade but it's usually not. It's just late reported.
Rhydian did your funds suddenly become available. If not there's a sudden flurry of activity which is unusual for this stock in recent weeks. Perhaps someone's got wind of some announcements as part of the interims.
Looking at this confirmed deal from an assets valuation viewpoint is not going to work. But as a second phase startup it has a lot going for it. PHE as it was had a good idea, not yet proven commerciall,y and and interesting place in the future business of waste recycling and power generation/hydrogen. There were many big hills to climb, even before Covid. So we bought in as a prospect. Now we're in a market where waste recycling/Hydrogen are becoming normalised and PHE has a big stake in that, there's a clear track to commercialisation and if new sites can be rolled out soon the future looks very bright. Personally I think W2T have done better short term but PHE should now expect to attract solid institutional support as the plan comers to fruition. It's an even better prospect now.
Strange numbers again on this site. A late afternoon listing of a 472,286 purchase at 276 was given a value of £1million. Clearly wrong, should be over £1.3m. Pity the H sector has got so steamy recently. A 15-20 p.c. daily volatility isn't good for business. May suit the day traders but fund managers want a calmer environment with good prospects. PHE, CWR, AFC all over the place at present. Some steadying of the ships would get serious long term buyers in.
Whats going on? The board lists a sale near the close of 560,000 shares at 276 and quotes a transaction value of £2m, Do the math as the Americans say, 560,000 share at £2.76 is £1.54m, not £2m. One of these three numbers is wrong.
THat's OK - a bit of profit-taking is a) to be expected and b) good for the rest of us in that it takes shorter term holders out of the market and offers buying opportunities for investors waiting for a window to get in. No graph goes up forever without a step back.
Anyone else following this stock who has a view on the results. I'm a novice on social media economics but the overall numbers seem to be sound and the post year end progress seems excellent. Any thoughts?
RE: Another step in the right direction!27 Feb 2020 14:40
Things which go up fast tend to fall fast. And vice versa. Under 100 and I can foresee a fair bit of topping up. In the medium/long term this is a great prospect - but let's admit it - 150-160 earlier this month was a tad over-cooked.
Good post Taskmaster. That's one of the clearest articles on the subject i've read. I hope ITM stay close to the journalist and explain what they are doing - we need this kind of third party analysis to attrract wider interest. I don't know what kind of monopoly grip ITM has on this technology - perhaps someone close to the subject can explain their IP rights - but increasingingly unless the company can push ahead fast with orders and build-out I see this as a takeover prospect within the next couple of years at most. That said this is a good price base on which to set a takeover premium!
RE: So, is this the final curtain?25 Feb 2020 13:56
Going to disagree Manners. De-listing is quite common, especially when the outlook is as grim as this. FDI was always a call option on finding big stones, which they didn't. The delisting gives the big equity position holders and debtors some hope as they can afford to sit it out and wait for a private buyer in the future. PIs could go for the matched bargain market but unless you're really big in FDI it's rarely worth the bother. Cut and run while you can.