Member Info for Ctw2014

Hoping VW’s Power Day on Monday throws up a nice surprise for us - you never know!

..... having held EMH for ages and done very nicely with it. Looks good here too to me, so I am in.

There is a new Keith Coughlan interview out on Crux Investors via YouTube. Can’t post a link as on my phone.

There’s a new Keith Coughlan interview out on Crux Investors via YouTube. On my phone. Can’t post a link.

Very good performance by both and Ed couldn’t have been more bullish!

Says it’s valuation of 18.4p may be ‘excessively prudent’. Can’t post a link as on my phone but they have emailed a research note. No doubt someone will be able to post a link.

Strong support at that level in my view.

For those feeling gloomy, I recommend a re read of the last trading update. Revenues up 19% overall, including a 200% increase in finished goods and 88% in d2p master batch doesn’t seem too shabby to me. Several new sales appointments suggest to me that more serious sales revenue growth can be expected. To my mind this company is at a tipping point, and in a good way. Sure SP performance has been weak lately but that doesn’t mean it can’t improve. My money is on the recent trend reversing pretty soon and this doing very well. Moaning about your investment isn’t likely to encourage others and, in my view, is counter productive.

I do, yes.

Whilst I understand the disappointment with the latest update here let’s not forget that this is a company generating significant profits from its producing mine, enabling it to rapidly pay down its debt (now net cash positive and soon to be debt free). Once that debt is paid it will be throwing of a decent chunk of free cash flow and on top of that has a superb virtually risk free JV deal on a great asset at Dugbe, and the potential to double its gold output in short order via Kourroussa. That’s without the potential upside in resources at Yanfolila and the investments in Bunker Hill (which I think will actually turn out a lot better than the cynics think) and Cora. So, whilst I understand and share some of the frustrations, in my view, the current gloom, criticism and selling down of this share is overdone. For that reason I have been topping up and fully expect to see a decent recovery from here.

It hasn’t dropped 7%. The mid price shown is wrong and should be a penny higher.

Fantastic - half of the 2021 revenue guidance taken care of in one fell swoop!

But Blackrock has been reducing since November. I have put a small punt in this today. Upside massive. Downside risk relatively small, imo only. Not advice.

Personally, although the claim refers to substantial damages, I would take that with a pinch of salt. It sounds to me that the legal action is more in the nature of a judicial review and whilst I may be wrong, even if successful, damages may well be relatively limited. However, to my mind, damages is a secondary consideration. The real prize would be a removal of a major impediment to sales in Europe.

For those who don’t know, there is an investors group collectively holding almost 15 million shares (4.2%) seeking a zoom meeting with the company to discuss some of the concerns being expressed on this board, particularly re information flow, PR handling and make up of AISC etc, triggered by the last trading update. If you are interested in joining, please email investorhum@gmail.com with a note of your holding. The bigger the group/collective holding, the more the company will have to take notice.

Very funny ngnlnv ;-)

Well that is a very thorough and encouraging trading update to my mind. 19% increase in revenues overall is not too shabby but what stands out is the 200% growth in finished products (mainly Ppe gloves) to £1.8m. There is clearly room for more rapid growth here as evidenced by the significant strengthening of the sales and procurement teams to capitalize on demand with supply hitherto being the main limiting factor. Good to hear too that despite the small loss (as a result of investment in growth) and relatively low cash reserves there is sufficient cash and bank facilities to implement growth plans for 2021 which I reckon will be a good year for the company, despite the gloom from longer term holders of the stock. Hang on in there!

What a great idea, much cheaper than wood!

We had a tax credit of £89k for year ended 31/12/18 and nothing in year ending 32/12/19, according to the accounts. I can see no basis for the view that a substantial tax payment will be due, unless of course we generate a nice fat profit (after all that’s what tax is paid on) in which case, bring it on!

youtube.com/watch?v=sBhqLjWQz7g