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.
I wonder how many missed out on today’s outstanding performance following comments from dizzy rascal……
It’s been a long time since I had a ten bagger but with a buy in price of just under 0.0023 I’m hoping this will be the one !!!!
Gla
Bought in yesterday morning first thing and got in at just under 0.23 - almost sold yesterday in the 0.3’s but held only to see it fall back into the 0.28 range. Had to leave the house and came back to see the late movement and was clearly happy I didn’t sell.
Tempting as it is to sell now I have looked at the recent movement in the SP - three months ago the SP was 6p, six months ago it was 10p….. now I know there has been a funding event and the issued shares has gone from circa 1bn to 3bn but following yesterday’s announcement I can see this gettting towards 2p next week - being the fully diluted price from three months ago. If the next announcement is as good as the company clearly thinks it’s going to be then the SP could go ballistic…. and for me that’s why I’m not selling…. Gla
Annualised revenues about 4m
Annualised costs , hopefully no more than 1.5m
EBITDA multiple - total guess at 12
Market cap of around 30m euro…..
So I’m guessing there is still value here - just a pity my average price is above the current SP….
Not an easy time to raise funds right now - far too much uncertainty in the markets with conflicts in the Ukraine and Israel. Just look at the IPO activity this year - compared to previous years AIM has dried up…..the company must be confident of increasing production, sales and free cash flow and this must have been communicated to the new investor. Let’s see how the market responds once suspension has been lifted…