Well did a few calcs myself, based on the projected 11.2m Mcap after RTO. Worked out how much of that will be attributable to existing holders. Just like _Tintin_'s PE based calc it comes out around 0.3p share if I've done my sums right. However I suspect soon after RTO the future story will come clear. With DL and JG involved its not going to be a shrinking violet of a share!
We could really do with seeing a forward PE projection... DL is talking of rapid growth and dividend payments. I expect GIS have got a lot up their sleeve for the year ahead - so perhaps can't read too much in to the historical numbers. What they are doing now might be a quite different story than what accounts to Mar 2105 will show.
Riddlers comment was far from idiotic. Hightex has been running on borrowed money for sometime and has now had to go to the courts to seek protection from its creditors - it is now running on borrowed time as well! At this current time they are dangerously close to bust, albeit with some short term protection.
Contract wins are desperately needed here.... and if they come to fruition then a good recovery in SP.
However purchasers are going to be well aware of the precarious position here and will they risk taking on a contractor that could well run in to serious trouble before project completion?
If Hightex can turn this around then a good upside indeed.... however the risk here enormous.
Ever wonder why Gunn sold out fast and at rock bottom prices???
The two large 160carat+ stones recovered in January have been sold for $13.5million "These two rough diamonds (a 162.02 carat diamond and a 161.31 carat diamond) both achieved top prices, in accordance with their respective colour, clarity and expected polished yield, at Letšeng's February tender. The 162.02 carat diamond sold for US$11.1 million (US$68 687 per carat) and the 161.31 carat sold for US$2.4 million (US$14 636 per carat)."
Totally agree. Looks like production targets for 2013 have been met, if that has bolstered the previous years balance sheet then this is well undervalued. I see the dividend as the reward for taking the risk on the geographical location. I'm holding for now but might top up depending on funds available. Hoping for a steady earner here.
My first post after being a long time lurker on DTM bb...
CMCL.... fundamentals look good for an AIM miner - turns profits, returns dividends, cash in the bank, looks undervalued. Suprised its so quiet here - maybe poor sentiment towards Gold ATM is hurting???.