Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Look at the gold price this avo $1255. Cant believe we are still valued under £10 mill really. Anyway after yesterday's news I can feel reassured that the share price will sort itself out. Has to with all the cash that will be coming in. A new project is a while off so the bank balance can grow. Big gains ahead hopefully especially when we get 45% of the cash flow.
These figures really are astonishing over double what I was hoping for. A re rate just has to happen. Look at our market cap. Well done Bahar.
Good to see the share price recovering here. Still a long way to go. What are we valued at now, around 1.5 cents per pound in the ground and towards the top of the last Nickle cycle similar companies to us were being bought for 20 cents per pound.
Hi dobbies yes HZM doing well at long last, been there since around 2008 the same as Stratex. My portfolio now only consists of stratex, hzm and hummingbird doing well too. Just need this to follow suit...it should be, just waiting for those figures.
I have used this from the advfn board on the Ariana thread by someone valuating the Red rabbit project so have used the same principal on Altintepe. 20% of the minimum 30,000 oz annual production is 6,000 oz. Lets say costs are $600 oz. Gold now £1260 oz so that gives us a margin of $660 or £462. So 6,000 x £462= £2.772 M. With 467 million shares in issue if we divide 467 into £2.77 M we get earnings per share of 0.0059. A conservative ratio of ten times earnings was used so we arrive at a share price of 5.9p If this formula is correct when we get our 40% after pay back the valuation will be near 12p just on Altintepe alone. Makes the current share price look stupid.
Lots of gold explorers and producers well up today except for us....seems nobody likes a very low Mcap producer with no bebt with a few mill cash in the bank....
MM's quick to drop the price with a few hundred K of sells over the last few days but when we get a few hundred K buys price still down....frustrating isnt it!!!
We are back to the levels before gold decided to start it's climb.
I really cant believe we are at this price again, all that gain from February gone. Hindsight should have told me to sell a bit at 2.25p and re buy now. I will never make a trader. Top up time I think. Is this fall because Bob said we would have an update at the end of March.
MTR has huge interest was in there some time ago, unfortunately bailed out long before the rise . The managenent have done well there getting the Mcap over £20 mill. Lets hope our market cap can be the same soon and I hope you bring us luck ChazBigspuds!!
Yes has to be a good time to buy in my eyes, especially that the share price has dipped a bit recently and could do a move up to 2.5p soon with a bit if buying. Someone on advfn said that we are in shares magazine this month. We have imminent production news and drilling will start in East Africa hopefully this month. I wish I had funds to top up.
Well gold going up again after Yellen's speech after last weeks scaremongering by some knowbodies...surprise surprise! Will we see the share price carying on up after the retrace towards 2.5p range.
Seems to be bouncing back up. Should be in full ramp up now.
I should not have said anything
Holding up well even with gold down and a few bigish sells.
Really good podcast I thaught. Thanks punkfeelinglucky for organising it. What a good way to ask some good questions and Bob answered then well. Will listen to it again. Better volume and a good £13k buy towards the end.
Unbelievable that our market cap is under £10 mill for a company with cash of around £3.5 mill with I emphasize NO debt and ramping up to full production.
Just shot up after Fed announcment. Good.
Nice 500,000 buy showing.