Member Info for Dav3J

Plenty of resistance at 0.20 still, be interesting to see where this heads once we get clear of it.

A 2p SP would give us an MCap of around £46m (2.3bn shares in issue?), with a PE ratio of maybe 10 this would mean they only need to be earning £4.6m a year. Doesn't sound too high a target to me at all.

This is a 10-bagger on iron ore JV news, no question.

https://www.sorrentoresources.com/what-we-do

"The Sorrento Resources owns one of the largest private tenement interests in Australia with exploration ground covering over 3,000km2. The company also has significant investment in Joint Ventures and investments in publicly listed resource companies both in Australia and the UK."

" THE COMPANY’S CURRENT PROJECTS INCLUDE:
....
· Direct Shipping Ore Iron ore exploration"

This is the big one for me. Direct offtake agreement for the Ozzie Iron Ore projects inbound. Huge, huge news coming.

On the rise again. Could see 0.25 by close easily.

A little surprised we've not seen the upward momentum continue this morning. Maybe by lunchtime the sellers at this level will have cleared out and we can make some more gains.

Let's not forget that we're only returning to pre-Covid SP levels now. With the price of silver flying and the company having advanced a number of their projects during this time, this is undervalued even at today's highs.

Let them sell. A bit of reconciliation at each leg up is to be expected, and liquidity is good for a share like this. We'll be back up above 0.2 within the half hour. Next stop 0.3p!

BOOOOOM

The silver may be getting all the attention at the minute, but I'm firmly of the opinion that our long term prospects with the iron projects have even greater earning potential. 60-odd % Fe grades that can be dug out of the ground and shipped to manufacturers in China as-is. That's the real prize IMO. So much going for this company at the minute.

Has a big buy just gone through?

No need to worry folks, after all FM told us months ago that he was working on something to address the dreadful SP. That monster RNS is going to drop any day now... Right?

Just daytraders getting their 10% profit out. There will be plenty who have bought in today who will be sticking around for taking profits north of .15p.

Must be a leak of potential news to drive this sort of price action!

Should be at 0.2p as it is. Even a hint of news should take us to well north of 0.3p. Strap in!

All the more reason why it's baffling that the company have still not taken any visible steps to getting us off AIM.

Back up to 128 to buy for me. False drop then, nice try MMs.

Is this just an MM engineered drop or are there some bigger sells to justify it?

AVCT board all getting their share buys in before the inevitable rerate ;)

The SP pre-Covid was around 0.2 and nothing materially has changed since then, so it's reasonable that we should see a return there fairly easily. News of a JV would push this up much further.