The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Finally got time to listen to it. Typical Harry telling it how he sees it and I must be in a minority but I thought it was quite good.
His frustration at not getting tulu kapi over the line last year was quite evident, and this is obviously out of his hands with the political situation.
There seems to be no risk of losing a licence so once this overhang clears the obvious upsides are metal prices increasing or a formal peace process. Good volumes yesterday despite the price retrace.
Should get a chance to watch the presentation later this week. Te most important thing at present is the trading volumes staying strong and clearing any overhang.
I expect the next RNS will be a formal ceasefire and peace talks in Ethiopia which will pave the way for the finance completion RNS .
I expect voter apathy will win the day and the management are secure. I’m down on my investment but I still trust Harry to get this through even after him missing god knows how many deadlines.
If the Ethiopian had ponied up a fraction of the money they have spent on this war they could have had a bigger stake in the project and it would be signed off by now.
That’s my only thought fir the day. Have a good weekend all.
The questions and answers will be interesting. But the fact remains this isn’t a 20million pound company and is mis priced, and the placing at such low prices is appalling.
You can’t tell me with the reserves they have drilled in both countries, that this company is worth roughly the same as wishbone gold who pretty much have found nothing and is based on hype?
This will trend upwards on news and there is no way they will lose the Ethiopian licence when there has been a civil war.
As always the market cap compared to the NPV is very compelling.
The problem is I have been saying that all the way down from 2p! But I expect the overhand will disappear within the next few weeks and this to motor ahead from this low price.
IPO on the TSX of a company with licences near Red Rock at Fosterville in Aus, bodes well for the New Ballarat Gold AIM IPO where RRR has a 51% interest. Trading starts on the 6th.
Https://twitter.com/Outback_gf/status/1478437601103155204?s=20
With 62k in the bank it looks like the rest of the Jupiter mines stock will be sold down. If elephant oil lists soon I would expect that to go as well as non core. I can’t see POW shares being traded just yet with potential upside in Australia but could be wrong. With 1.6 million in liquid assets it’s not looking too bad.
The drilling is obviously munching up the cash but I’m pretty relaxed that Kenya is still worth more than the companies mcap. NBGC might be as well. As always though my feelings are will any of these territories going to come into production or should they be sold off to concentrate on Australia?
Interesting. Shame the drill assay results from Ireland are not back in. So 51 holes drilled, 29 of them hit the main vein and possibly 41 altogether so that bodes well fir a big resource upgrade.
Another 50 million quid to finish the mine and we only have just over 20 million in the bank so let’s hope financing is an option. It should be if the test results are good and they can increase the resource to a couple of million ounces as they have indicated in the past as being feasible.
Thanks for the link helpful. We may disagree on Andrew Bell, but I think we both agree this company is very undervalued. Should be a good 2022.
I’m also waiting for drill results back from Aex gold. If that takes up I think I will be selling some and topping up in RRR.
Drilling results have to be soon has something potentially leaked?
I will try not to read too much into it, this could be massive or it could just fizzle out.
The only thing you can take from these interviews is that NBGC is progressing and should start drilling this week.Kenya drilling for at least another year by the sounds of it. Considering the past history of this asset increasing the JORC reserve and disposing of it ASAP would be sensible. I wonder what they could get for it?
For some early drilling results.