Member Info for gameangler

Load shedding is endemic, because of seemingly untouchable criminal elements, the situation appears out of control.

https://www.bbc.co.uk/news/world-africa-65671718

GTx1
If any investor can put an accurate value on Burford, I would be totally surprised and gobsmacked.
Though lots are having fun at the moment speculating and dreaming
There are too many moving parts, cloaked in the secrecy of client confidentiality. Added to that are multi-complexities of the various funding sources, uncertainties of complex accounting issues, court legal delays and outcomes. Not to mention the rapid growth of the business and expansion overseas.
What we do know is that we have a world leading business in their field and a superb entrepreneurial management team.
I bought my holdings below in 2012 in its early stages. Burford is a compounder and initially Chris Bogart declared dividends will be relatively nominal, as profit will be ploughed into growing the business until the sector becomes mature.
The Company settled into an annual IRR of around 30%. From 2012 , 6 years of compound growth at this 30% rate indicates around 482p ignoring tax (100p x 1.3x1.3x1.3x1.3x1.3x1.3). However in 2018 the share price had rocketed to 1,998p and looked wildly overvalued, I sold 35%. I am holding the remaining 65% in the long term, unless the management change.
Adding another 5 years of 30% of compounding brings a potential growth to 1,792p in 2023.
The recent 560p share price was grossly unvalued. Even the recent share price rise increase is derisory.
There are anticipated to be some very large cases going through their pipeline. The value of which will have highly materially positive effects on our earnings.
YPF will sit on top of this.
I feel pretty confident that when the markets settle down and come to their senses, we will be looking at 2000p +
Many people don't understand Burford and are looking at it through a rear view mirror.
There is a large potential value, in terms of work in progress, that is there but out of sight

Its great that the BBC are highlighting the importance of Liquid Biopsies in monitoring cancer treatments.
It's clear that the BBC News article has no relevant to ANGLE or Parsortix other than it being in the in the Sector.
For years Cell Search seem to have dominated the CTC monitoring , despite them not necessarily being that accurate.
The field of Liquid Biopsies looks fiendishly complex , and ANGLE is a new kid on the block, with a great product.
It will take time to partner and commercialise new products incorporating Parsortix. It takes years to launch, and get accepted, new ways of working in the medical sector.
This is a share that needs to be held by a patient investors. I'm a long term holder and happy to wait for success.

Coking Coal prices are are doing very well
https://www.reuters.com/markets/commodities/coking-coal-price-surge-backed-by-demand-supply-woes-add-froth-russell-2023-02-07/
https://www.barchart.com/futures/quotes/U7*0
Thermal coal not so good, but still a decent price
https://tradingeconomics.com/commodity/coal

There is a large deposit of Tin but the grades are relatively low. Typical mines run around 1%, Alphamin Resources new mine in the DRC is around 4.5%.
Prioritise Lithium and run the tin circuit as a bonus by-product when it is economic is surely the right strategy.
When the funding is finally secured I will be actively adding more shares.

Chiesi Pharma 107% premium

https://oilman.substack.com/p/sunday-blog-8-january-2023?sd=pf

If further investment is needed, you would expect it would be forthcoming given the quality of the assets.
Expect the flow tests results will clear up any ambiguities in the next month. I am still optimistic and adding to my holding.

This all appears like a storm in a teacup. Lets have some perspective.
For goodness sake Alkaid is only 3.4% of their stated recoverable oil resources.

Forgot to attach :

https://4043042.fs1.hubspotusercontent-na1.net/hubfs/4043042/Content%20Offers/2022.Q3%20Commentary/2022.Q3%20GR%20Market%20Commentary.pdf

Prickly
In the 'same boat' as you (plus JLP) so a long term Colin Groupie. The pick up in Copper and Gold is on the horizon with a falling USD, Overseas investors may bale out into tangible assets like gold and copper.
Read an interesting Commodity Review over the weekend. Looking good, page 13 for gold and page 19 for copper.

Evaluation of future risks
https://www.financecolombia.com/interview-sergio-guzman-evaluates-president-petros-first-100-days-what-we-can-expect-from-the-administration-going-forward/

Pasofino up for sale at the right price. Dugbe 4m+ oz gold deposit and exploration potential will be attractive to larger gold companies whose inventories are being depleted.
https://www.youtube.com/watch?v=k7Y6GMnM0X4&t=54s

https://www.youtube.com/watch?v=mww_drIOl6Y

Cash fallen from £3.67m to £2.9m in 1st Qtr.
Lots of future capital commitments on the remaining £2.9m.
The headline operating profit of £1.94m for the 1st Qtr , slightly misleading at first glance.
Still jam tomorrow, but hopefully will be in a better and more sustainable state with all the cash being spent.

Detail of Licences in Ricca Offer Document in the demerger from Atlantic
pages 14/15
https://static1.squarespace.com/static/61711a96520cb35357849fb6/t/6194b96c3b258618253177ae/1637136752418/OIS+-+Ricca+Resources+Limited+-+17.11.2021.pdf

Detail of Licences in Ricca Offer Document in the demerger from Atlantic
pages 14/15 https://static1.squarespace.com/static/61711a96520cb35357849fb6/t/6194b96c3b258618253177ae/1637136752418/OIS+-+Ricca+Resources+Limited+-+17.11.2021.pdf

The FDA is providing detailed guidance and a pathway to success.
How on earth can this be misinterpreted to be negative to the share price.?????????????
Have bought any 100,000

https://www.zawya.com/en/projects/mining/saudi-arabia-prequalifies-13-bidders-for-umm-ad-damar-mineral-site-vrghfgoo
https://www.zawya.com/en/business/energy/saudi-arabia-announces-qualified-bidders-for-second-exploration-licensing-round-umm-ad-damar-a9b7ofdt

Similar to other posters, disappointed by non-reaction to recent RNS. Personally very happy to add to my existing holding with 1m and 5m purchases. It looks like this Project will be a company maker.
The grades and shallow depths look great and there seems be be a confidence that the deposit size will be significantly extended.
Investor sentiment is poor across the world markets, with worries of a humdinger of a Recession in the not to distant future( possibly late Autumn). It may not be that bad, but there is little forward visibility and lots of risks.
Copper may turn out to be one of best investments when we get through this carnage in the world economies.

https://financialpost.com/pmn/business-pmn/warning-bells-sound-in-london-metal-exchange-zinc-market-andy-home
One of these days, hopefully not far away, new investors will get excited about holding zinc producers as shortages skyrocket the prices.
Colin in your hectic schedule, it may be time to raise the profile of the zinc potential in both Galileo and Jubilee.