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 certainly hope so.
This is one of those companies where you want to park a bit of speculative money, and then just leave it for 5 years and see what happened.
If Tiris gets into production, as it should, then it'll do well anyway in this Uranium cycle.
If they can unlock the Swedish part, and that resource starts to get priced in, then it could be a monster.
https://www.globaltimes.cn/content/1208529.shtml
Find out tomorrow what exactly China will restrict exports of.
I think the fundamentals for REE's miners stack up, so my 10 pence worth is there is enough compelling catalysts for this share to go up, and quite considerably if they get things right. Obviously accounting for volatility along the way.
- future REE demand, new large low cost resource, aiming to refine their own concentrate to eliminate the current discount etc.
I used to invest on fundamentals, and the 'story', and have got my timing wrong quite badly in the past. eg, I bought RBW at 18p, but fortunately topped up when it was 4.5, so averaging them out, its starting to work out.
What I've learned though, is to try and get a better understanding of the technical's. There's a cycle that Junior miners seem to go through whereby there is an initial rise (exploration success), then a few years of price decline (reality sets in, increased debt etc) then once things have flatlined and people have given up, they start to pick up again (in production and positive future catalysts for increased revenue).
If you look at a daily price chart of RBW, on 11 Aug, the price moved above the 200 DMA for the first time in 2+ years.
The week leading up to 14 Oct, the price dropped to flush out the weak hands ahead of the recent move up.
Today, the price is above all the significant daily moving averages, and the 20>50>100>200 DMA. ie, that is a bullish set up, and suggests the trend is now up.
It also looks like it needs a bit of time to consolidate, and allow the MA's to catch up to the price, before it moves up again (my perspective on the current set up).
Not trying to teach anyone how to suck eggs here, but thought I'd add this to your recent conversations.
There seems to be a sweet spot for a more optimum price entry if trading for the longer term, and that is the price flush prior to the first significant move up. ie, 14th-26th Oct, which gives a good risk reward set up. A pattern I've noticed most of these small cap miners go through.
There's another miner that looks to be setting up in the same way. Galileo Resources (GLR), an explorer with a large REE deposit, amongst other things. I'm new to the miner, so have only been looking into it this past week, but if you look at the technical's on the daily chart, it looks like RBW did between Aug-Oct. Price sitting just above the 20,50,100 & 200 DMA's.
If it follows the same path, any price weakness over the coming weeks could be a good entry point, for a buy and hold play. Very small miner (market cap £7m), so its risky, but certainly worth a look.
That youtube clip gave the best insight (thanks Baits).
- talk of building up concentrate until have enough for shipment.
- mentioned 200 tonnes needing to be accumulated, but requires an assessement of the concentrate before doing so.
- Also mentioned the uncertainty, that they might need to have 400-500t before shipment can happen. So difficult to gauge whether these are potentially monthly numbers or more of an as and when they have enough.
So, its anyones guess, but they are mining and stockpiling, so its in motion.
Concentrate is not ore, I'm not exactly sure on the cost of concentrate, and how it compares to the cost of the underlying metal, so have nothing to use as a basis for cost per tonne.
- Operating costs between $8-900k per month
- Concentrate will be a mix of Copper, Lead and Zinc,( with Lead and Zinc being considerably higher in terms of Cost per tonne.) And it was mentioned that it would be profitable even if the shipments were just Copper.
So, I have no clue. But, to be profitable it would have to exceed the operating costs, so it would have to be in excess of $1m/month.
The main thing is it will be generating revenue, and making profit, so a very positive move in the right direction.
As for the Diamonds, straight off the 2019 pres :
- Revenue after 6 months of $13.25m per Quarter
- $7.25m initial operating costs, and $5m Capex.
Adds a little bit of a sense of what to expect, but seriously needs some actual numbers from them once things are happening.
Have a good weekend all
Explains why I couldn't find any forecast figures when I scanned through their site.
You'd think if you ran a business you would a), have an idea, and b)let people know so as to attract investment.
We can dream of an ideal world.
Still, if they're going into production, and perhaps on 2 fronts by the end of the year, the share price should hopefully trend up from here.
Chicken Little
in American English
Informal
a person who spreads baseless or exaggerated reports of danger; alarmist
Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.
Word origin
after the chicken in a children's story who, after being struck by a falling object, warns that the sky is falling
NOUN
a person who constantly warns that a calamity is imminent; a vociferous pessimist
The Chicken Littles are warning that the stock market will collapse
PV
Don't let a few people put you off doing what you love.
I have personally got a lot of value out of your posts, and seriously appreciate you sharing your research. There will always be some bad eggs ,so ignore them and focus on the ones that appreciate you.
I'm more a cold hard facts realist myself, but welcome you postitivity. Its good energy.
Depends what your investment timeframe and criteria are, and how desperate you are to make a quick buck.
If you buy today at current price of £1.75ish, if/when these projects get into production then the chances are this share price will be significantly higher in 5/10 years time then, then that's a good investment, and your own personal decision to make.
Between now and then the share price will be all over the place. As nobody can tell you in advance what the share price will do, each person must do their own research, have their own opinion, and act accordingly. Anyone trying to convince you of something tends to have either a hidden agenda, or mental health problems. So tread carefully around these people.
If nothing comes of this, and it turns out to be a lemon, then that sucks, but that's life, and why you don't go all in on one share/company. That's just good account management and investing strategy.
Personally, it looks like a compelling opportunity, so I'm investing, and if it dips down in the coming weeks or so, for me, that's an opportunity to buy more , because I have a longer term investing perspective, and the discipline to stick to that. But that's my choice.
But do not invest, or make decisions, based on someone else telling you what you should or should not do. Do not let these people influence your own decisions or actions, by talking you into something or out of something, even if what they say may have some merit.
That's my ten pence worth, but there are certain types of people, with strong narcissistic attention seeking traits that just flat out p... me off. If you can't add value, then take a long look in the mirror and do some self reflection.
That's a lot of information to digest, but what caught my eye was, 733,000 ounces of Gold, at $600 ounce production.
At current prices, of $1800 ounce. Quick recci makes that $1200 profit, per ounce, or, $879.6m profit, on a CAPEX of £30m.
Assuming gold is trending higher over the next few years, and if exploration finds more ounces, then that can only get better.
I'm liking those numbers.
Looking at Daily charts :
- Price above 20, 50, 100 EMA's, and all 3 are rising, with 20>50. Not had this set up in well over a year.
- last week tested the rising 20/50 EMA's and bounced back up.
- overhead resistance is 200 EMA at approx 27.50.
Shorter time frames (4hr/1hr), look positive too, and support the daily.
Looks to be building up for a test of and hopefully move through those 26/27 resistance levels soon.
Guys,
Could someone please explain something to me. The buying board has 3 buys, within the last few minutes before close, of £1.05, £1.02, and £1.50.
Is this a case of someone being so bullish that they've dipped into their penny collection, and rushed in before the close, or is it some kind of auto reinvestment adminey type thing?
thanks
Prop, I agree with the risk reward set up. Aside from a the few occasions it has been sub 0.40 over the past year, it has tended to rebound off these levels and at least move up towards 0.8ish. Seems like a great time to get in. The fact they have a revenue stream, which is growing,makes it look quite undervalued to me.
There's an infinite number of ways of analysing these things, that it can drive you mad.
I think the fundamentals for Kefi are pretty strong, and I have no idea when the positive news will hit, or how 'explosive' the will be. Technically, it just looks a good time to get in, especially on any dip.
If you look at the Weekly charts, Mondays price spike stopped out exactly at the 200 Weekly EMA, as has every rally over the past few years. So what we're looking for is weekly close above the 200Week EMA, at circa 1.75. For major indexes and shares, this will trigger algos into buying mode. What effect it has on a company this size I have no idea, but the principles still the same, anyone who's buying strategy involves a momentum set up, it will then pop up on their radar as a buy.
So, from my perspective, a weekly close above 1.75, would be very positive.
Personally, I've made some howling investment decisions in the past based purely on a companies fundamentals, and what should/shouldn't be happening, about to happen etc. I found it easy to get caught up in all the noise, so I started to look at the technicals more, and see what the charts were saying.
The chart shows a rounding bottom forming over the past 18 months, a double bottom at around 0.65, and on the daily chart, the current price is above all the major averages, with 20ema having crossed up through the 200ema, and 20>50>100ema, with all moving averages turning up.
That's very bullish, and downside should be limited, but it also suggests the main resistance is at approx 2.0, and might need a few months for the price to gradually build, until it pops up through that resistance, probably as a result of the positive news people seem to be expecting.