Member Info for Crayons

I use IG for spreadbetting and CFDs...

I use ii (interactive investor) as an actual stock broker...

Trading account, ISAs and Sipp...14.99 per month.. 1 free trade.

I believe we have shared a grin and several frowns at a few of the AGMs 46G.

I am yet to write to Peter but have sent several communications over the years... they do little but provide a channel to vent in a constructive way.

For all the rhetoric and bravado... there's a very small group of us that will see this through to whichever end it may be (including any further raises).

I am comfortable with a total loss.

Have you actually done any research?

Many of your points are valid, and thus the share price and Mcap are where they are today.

Yet this is the same for any stock which one believes it's future value is some distance away from its current.

However, if we did some research, we could see;

The target resource is somewhere between 2.5 and 4.8 MOz.

Let's consider a 10 yr mine life...

This is a low grade, large area project and recovery rates should be projected with caution, maybe 1.5 to 2.5MOz.

Let us again be cautious and suggest 2300usd oz.

Around 3.5 - 5.7bn usd

Again let's be conservative and say 20% actual net profit.

700m - 1.14bn usd

10% for Orc

70m/10 = 7m usd per annum (about 5m gbp)

And today's Mcap is?

Suddenly looks quite attractive doesn't it!

Now of course you can shout there's alot of speculation in the above.... but it is very cautious speculation.

And at the end of the day... the game we all play is pure speculation.

I'd come back when you have some substance to support your rants... currently they are falling on deaf ears!

Some people are still buying....

First bought QFI at 24p early November 2013... I took my investment out at 43p.

However, I then bought again at 32p...

I've continued buying yearly (inc some of the open offers), my recent purchases bring my average down a tad further to 3.1p.

I've millions of the little feckers now.

It's a complete binary bet now... it has been for a while... maybe some here remember the final hour Saudi fail?

I've traded a few of the spikes along the way, so maybe my actual average is a bit lower... hey ho.

I take some comfort in the facts as they stand:

There are multiple irons in the fire... the fire doesn't seem to have reached the required temperature yet but the irons are still in!

Had it been concluded, already, that there was no need for those irons, they would have been pulled from the fire, and we would have been informed of such.

I've always appreciated adoption of a new technology, largely unproven, is no small quest. The domino effect is very real and this status quo remains.

Peter is no journey man, I've not much time for JM but he's reasonably adept with the tech side.

I was testing, even teasing, some of my AI software... I ended up with a risk/reward ratio that caused me to add a few more today.

15-25p target price

And I should be very, very happy at 14p!

Until we are told otherwise this binary bet still offers a comfortable risk/reward for me.... if it goes lower... I will add, if only to chip away at that average.

If it goes to the wall and I lose the lot... so be it but I'm not going to throw the towel in on 13 years whilst those irons are still glowing!

For some; with the benefit of hindsight, tis easy to understand yesterday's price action.

There are always others more informed than the masses.

I keep reading "buy reported as sell" yada yada... trades (bargains as they are ironically called) are simply that... there is no record of whether the trade was a buy or sell. Only 3rd party algorithms attempt to report this based on the qouted spread at the time of the trade.

On to potential valuation: Some frankly wild numbers being touted around. One should be considering a net profit to ORCP of around 5m gbp per annum. On a reasonable p/e ratio of 12 (ish)... somewhere around 0.35p would seem fair value.

With that in mind... I've bought some of the stock today.

Daydreamer2020

Posted in: BRH

Posts: 177

Price: 104.50

Strong Buy

"Results imminent

24 Feb 2021 11:41
Should see strong rise going into close....

Results due anytime within 48 hours. Likely positive and likely new price £3-£5. Last push to buy or enter at £4. Bargain at the moment......"

Oh dear oh dear, sold out of RMS sub 2p and has clearly been spiked on BRH.

Rank amateur - best ignored!

ATB

Here's a calc for you....

Let's say RMS announce a licensing deal worth £20m per annum from just 1 interested party - perhaps Volz perhaps A N Other.

That would make the current Mcap look rather silly!

These sometimes subtle, often not, concerns being aired at present are an excellent signal!

ATB

This guys sounds a little unhinged!

National news is better exposure than local ... well stone me!

One can only hope he does the decent thing come tomorrow and STFU!

ATB

As are yours to Mr Market!

You will see this tomorrow, had you even a rudimentary grasp of general market mechanics, your expectation on tomorrow's price action would be very different!

I bid you a good night!

ATB

TLM

What a disappointing opinion I have formed of you.

We are all entitled to an opinion.

Mine shall be vindicated; yours will not!

ATB

TS

You are a gentleman and a scholar!

ATB

Rather short sighted...

I bought in at 0.35

I now hold 5.5m....at a negative net cost.

Risk v Reward

ATB

10p per mask x 10m a month - 1m pcm 12m pa x P/e 8 = 96m = c4.5p per share

It gets interesting when you consider a P/e of 15 or 20.....

Or 20m masks per month at 10p or 15p....

Then one has to consider this is only masks!

There will be other innovations from P2F...

Lest we forget Gyrometrics... this could be a substantial addition to the bottom line!

I wouldn't rule out 20, 50p .....in time!

ATB