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Buying down at this level is a full 1p lower than what the 29.9% holder paid.
Great to buy in at this level.
No debt
£8M due for the mine
Diamond mining start imminent.
I know there are LTHs sitting on large losses but you can't deny that this is way undervalued.
For new investors this is steal.
Did say placing at 0.04/0.045
Probably.y lower now.
Guys you need to buy stock with no debt,no loans or CLNs with verifiable assets.
This one is a no hoper,it's just a gravy train for the guy at the helm.
Grossly discounted to NAV at 0.4
Our largest holder paid £4.2M for their 29.9% stake,they put a fair value of £12.5M for the company in December.
Current Mcap £3.75M.
We are going to be cash positive short term and are owed £8M for the mine sale with another buyer lined up.
No one can deny the upside here.
Bought more today and shall add further.
First target 1.5p ,
Just been researching further.
So there is zero debts,no clns and no authority to raise dilutitive finance.
They are owed £3.5M,please correct me if I'm wrong .
CMS paid 1.5p for their 29.9% stake.(280M)that's way more than the current Mcap.
Appears a no brainer to me,CMS could trigger a take over,at what price though.