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...probably Otus selling out of their last bits? They had 7M or so left on 9th Jan, almost 5 months ago... Probably sold 3M into the volume last week... Can't have much left IMO...

PS they typically issue a trading statement in late July/early August so only 9-10 weeks away possibly...

You don't have to like a cruel theocratic dictatorship to recognise that the moron in the White House has been comprehensively outfoxed by them.

I think you're exaggerating the debt issue. It's barely 0.5x EBITDA (when really debt only starts to become a concern above 2x), and should start declining soon as they had some one-off investment in Mexico.

Slater's PEG ratio theory (P/E divided by profit growth rate) says that anything under 1 is considered very good value. PEGs under 0.5 are rare. And yet on a p/e today of 4 and a profit growth rate of say 20%, CTA's PEG ratio is 0.2 (!!)

I think the only thing holding us back from a rapid doubling to 70-80p is that Otus are possibly still dumping. But who knows, they might change their mind now? Or other smallcap instis might take an interest, or Gyllenhammer might buy more.

I certainly believe that by the time next results roll around in 4 months' time, we'll be pushing into that range.

Good luck all, no advice intended etc

Despite the rise yesterday, and Otus possibly using the volume spike to dump the last of their shares this week, the good results and very positive outlook show that CTA should surely at least double from 35p in the coming weeks?? I've put my money where my mouth is today, and bought not far off 200k which is a big chunk of my portfolio.

GLA, no advice intended

Cedbin those are useful Revenue figures thanks. €12m p.a. rev target sounds good. But are there figures for the likely Costs?!

I had expected a bit of a bounce back today and it has done so. *Hopefully* strong support at 2.5p, consolidation for a bit, and then start a run back up towards 4p+ with expected news flow over the summer?

GLA NAI

Surely the phased production (ie. phased funding), focusing initially on the main ore body which does have a substantial reserve, and an IRR of 90%(!!), means that funding won't be a significant problem? It's an IRR to die for! Drill out the other bodies later when cash starts flowing in... Seems like a pretty straightforward plan to me!

The resources are still there though....

Yes almost all of the Beehive resources are inferred, and need to be 'formally' upgraded in due course, but given the previous drilling campaigns there must be high 'informal' confidence that this will happen successfully in future phases.

There seems to be strong demand as soon as it dips below 8p to buy m? Someone bought 602k shares at 7.80p at 2pm today, it must have been a buy looking at the trading around that time. Almost £50k isn't a small bet to place in the current markets IMO

Millions of warrants still to be exercised. Completion of financing package. General market weakness due to the orange emperor's war. But all these should be resolved soon.

55m **warrants I meant

Charles Archer supports it and the company appears to have prospective ground, but the valuation seems high to me. The company's website says there are 55m shares and 10m warrants outstanding, so really there are 200m shares fully diluted, so market cap is £25m. That seems high to me given its stage of development. Unless anyone can say different? Will do some more research. NAI

The other risk (elephant in the room) is of course the gold price. If it were to take a tumble in the next 12 months, down to $2500 say, the company would still be profitable (around 70-80% lower) but would be possibly struggling to generate enough cash to ramp up the rest of its portfolio. But we need to stay positive LOL...

I've bought in here over the last few days. There is clearly execution risk remaining, but the management seem to be well on top of it. I was slightly worried about AISC costs also in terms of escalating diesel costs in remote locations, but they're building their own hydro power stations! Really have all bases covered.

My only niggling worry is whether the orange emperor might try some 'excursion' to distract from his abject failure in Iran? I suppose he would probably choose to invade somewhere he would get more votes from in the mid-terms like Cuba?

Can anyone explain why the company use such a mix of USD and CAD in their reports? Makes it all confusing -unnecessarily in my view...

The medium/long term prospects seem very good here, but I think the thing holding the SP back is that there are at least one and possibly two £2m dilutions incoming at a 20% discount in the short term... Also the balance sheet is quite messy with quite a bit of debt and interest payments for a microcap, and a chunky contingent consideration to be paid from Kaipola revenues. They will probably need the extra £2m X 2 to get to first revenues IMO. So assume 500m shares I would say.

People having a pop at Ian and saying it's a lifestyle business need to remember that he put millions of his own money in at 28p... And he's not a super wealthy guy... So he may be a poor investor but he's definitely not a shyster...

Yes we're expecting two major high street retailer launches probably before the end of May? Will be interesting to see the pricing.