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Nothing like a bullish engulfing candle.......!!
I neither understand nor have any belief in charting, but plenty, esp ST traders, appear to.
So I'm alwas glad to have the chartists onside, even if I think it's nonsense.....sorry, 4Kandles, no offence meant.
Caribo
I beg to disagree. All BBs tend to becoming a church of the converted, and whatever LH's motives may be, he prompts others to examine the doubts he raises, and in so doing nudges all of us to keep our feet on the ground.
It's sometimes good to have a grinch, doesn't mean we have to believe him.
"nice to see you back and full of positivity. " Lol, yes, i know, but...... It's mb a good thing some is here to challenge.
Anyway, good luck with your positivity, gents. let's hope it pays off for you in 2024.
HarC
No, I didn't miss it ; I disagree with it fundamentally, which is what I tried to say. Cash is not the ONLY factor, of course, but without it you can't do much else.
Anyway, you're welcome to your view.
I genuinely hope this works out well for all holders here, I've been in similar situations and it's not nice. But I'm damn glad I'm able to look art this from the sidelines, 'cos it wre currently a holder I'd be sweating now.
"Cash isn't the most important factor"
Cash is ALWAYS the most important factor, especially so if you don't have enough of it. It's what we invest for, it's the raison d'etre of every investor, every listed company, to make cash. Forget the mission statements, the ESG polisies, the expansion plans, the critical minerals policyand the community benefits.
All those things come second to, and are only enabled by, good solid cash earnings. it's why we buy shares, it's why entrpreneurs start businesses, it's why employees turn up for work.
That's why Munger called Ebitda "bull$hit", and that's why I harp on about TGR being so woeful both at managing cash, and misleading investor expectations.
"None of his wisdom is much use when applied to higher risk £15m small cap miners with explosive growth potential. "
Believe what you will. But think ; so far , the faithful on here have accepted excuses for missing filing deadlines, temporary trading suspensions, turnover of NEDs, non payment of loan notes, a cash crunch hidden from investorsuntil the last minute...I could go on. Every time, someone pops up to say, oh, but this is different.
No, it's not. It's woeful mismanagement.
On 19 Oct, the co said it had " initiated engagements to obtain institutional debt finance2, which in layman's language is "we're trying to borrow money". no word since. mb they're on top of it. mb it will arrive tomorrow, but so far this co's promises have not been fulfilled.
Still, it's (nearly) Xmas. MB Santa will fall down Shishir's chimney with a nice sack of cash. MB.
cigam
". here we are back in the 15p range again at a circa £16m market cap, which is mad considering the business is growing production and generating sales with 45-50% gross margins. "
hmm. well gross margin is a pretty meaningless figure. net margin might be something, even ebitda might be something, tho munger says rightly that even ebitda is "bull****".
what matters is profit, and even more, cash. and that's the problem ; tgr is struggling for cash, and until that's sorted out the sp and mcap make perfect sense.
" Following the receipt of the Sales proceeds, the Directors will present their plans for the utilisation of this cash to Shareholders."
Special divi, tender offer? holders ought to be anticipatinmg some capital return given the huge discount to NAV, I would think.
This premium to NAV in the books must take NAV per share well ove 600p, even without the earn out. £94m now in cash, leaving a valuation of just £64m on the remainder. By my calcs that means 255p of SP is cash, leaving a bal of 170p vs remaining NAV of c. 450p.
Somebody pls check my maths, 'cos that's beyond ridiculous if so.
Printerman
My only advice is that if you are going to dream about the potential future share price, anchor your expectations a little by translating the figures into market cap (sp x no of shares in issue) and ask yourself if that is a reasonable figure at any given point in the mine development.
Printerman
My only advice is that if you are going to dream about the potential future share price, anchor your expectations a little by translating the figures into market cap (sp x no of shares in issue) and ask yourself if that is a reasonable figure at any given point in the mine development.
James
Sorry i and others have rather hijacked your post re the trading halt.
To return to your Q, I think no one knows, but as jwoz says if they released the DD drills piecemeal mb they'll be anxious to get some early RC results out too. I think most here, me included, are hoping and half expecting to see something b4 Xmas, but nothing is nailed on as far as i can see, so it could be well into NY.
Hear, hear, catbert.
i also welcome those pointing out -ves, keeps the BB sane and helps bting focus and balance ; too many gey carried away with emotion and get too attached to the share and/or the story.
But the -ves, just as the +ves, need to be anchored in fact and soberly presented.
At the point your calculayer breaks, so does the market. This asset could easly see the T1 price crater, invalidating all these prpjections.
Im not saying that WILL happen, but it could. My point is that for all these well intentioned projections and comparisons, there are still a lot of unknowns out there.
It is far too early to start counting chickens, when we have not even sat on the eggs yet.
Thanks, 4kandles, vesperdene11.
Still a very valuable carry as you say, but if they have to shoulder their share of development costs it's a not too far away from normal. All the way to production would have been ourageous!
i have already emailed for clarification, let's see if I get an answer.