Member Info for hamiltonbro

Typo in last post header. Should read co not con !

Nai/DYOR

Headline is what I keep asking myself !

What would a company be valued at if it listed on the market today with a stake in an operating mine producing copper and gold ? I’d hazard a guess at more than £2m as loads of explorers on aim are valued at multiples of this and have nothing to their name.

Any other thoughts ? The sp was multiples of this last month when fear was at its worst in the market.

Nai/DYOR

Yeah I have been looking and most must be sitting on nearer 30p averages. Rubbish for them.

I like the look of the chart from a new potential investor point of view. 5p seems a reasonable target based on this news. That would then open up 10p and 15p.

Nai/DYOR

Thanks for the reply.

I could guess from the sp chart that things hadn’t exactly gone to plan in the past but with this news and the sp being at all time lows, could be a changing point ?

£2m seems to price a lot of negative in. Has it dropped too far ?

Nai/DYOR

How can this only be valued at £2m when they have a stake in a producing mine ?

Could massively re rate on this news.

Nai/DYOR

Just starting to look in here and started some research notes.

A lot of resource/exploration and mining shares have gone up and multiplied recently.

These are at all time lows and capped at £2m despite having a stake in a producing mine. The mine has had $350m spent on it since 2006. Lots of other companies valued at multiples of this don’t have a resource, never mind a mine or income.

Wondering whether it’s worth buying now or whether they have further to fall before a rise. Last placings were 3.3p (a premium at the time) and at 12.5p. 2.75p seems cheap.

The Chairman was buying at 12p for c. £38,000 in February. He’s put £4m in altogether.

Looks like their 11% interest would be worth $2m (£1.6m) to the company on 6 months revenue ?

Nai/DYOR

2.5p earlier today and now near 100% up.

Lots of opps in this market.

Nai/DYOR

Rise here could be bigger than HEMO.

Twitter saying there was a presentation today ? Obviously went well if so !!

Nai/DYOR

Not much stock around down here.

I remember when it went to nearer 30p. From down here in a day few years back.

Nai/DYOR

10p here we come. PYC another about to multibag also imho.

Nai/DYOR

Looks like it. Lots of good info on Twitter. Been buying these and DMTR.

These types of stocks have been flying.

Nai/DYOR

I am out. 100% in a day will do me.

Good luck all holders. Should be 20p but I set limits and when 100% hit I take profits.

Nai/DYOR

MM’s are currently bidding 22.5p for stock so can see a rebound coming.

Not sure why they are down here.

On a P/E ratio of about 4 at this moment when should be multiples of that.

Nai/DYOR

www.edisongroup.com/publication/accentuating-the-opportunities/26195/

Above was written when sp was 34p.

Valuation: Still well below marcomms peers
Despite the uptick on the back of this trading update, the share price remains well below a peer set of smaller quoted marcomms companies, albeit that the business models vary considerably. These stocks are currently trading on an FY20 P/E of 12.9x and EV/EBITDA of 8.8x. We would expect this differential to start to close as the group builds a record of delivering revenues and profits at least in line with expectations.

---------

P/E here of 12.9 x would be 64.5p

NAI/DYOR

Anyone else struggling to buy shares in here ?

I have been trying for days and even though they are knocking the price down and getting a few shares in, they won't sell any unless it is a FOK order for a low amount.

These should be nearer to 50p than 20p in my opinion.

NAI/DYOR

Total current liabilities 3.5 million euros lol

Nai/Dyor

Be interesting if they use a placing as the choice of the next fundraising which must be very close looking at the balance sheet.

What price would a placing be at do people think ?

Nai/DYOR

As far as I can see the nominal value is 0.001 euros so they can place at anything above that. Not sure how many shares they have left to be issued ?

Nai/DYOR

People selling under the bid price this morning. Never a good sign.

Nai/Dyor

I would have a read of the balance sheet and ask yourselves how long can they last without needing another placing or other form of fundraising.

Of course a JV partner might come along or a bigger company who just takes them out but this company had 3.3m euros worth of liabilities falling due this year and just 153,000 euros in cash and receivables at the half year stage.

They have raised 250,000 in July but how long is that going to last ? I would imagine that wouldn't even cover corporate costs associated with listing on AIM, plus you have director fees, office, exploration etc etc ? 6 months operating expenses were 285,000 euros. See half year report.

I have no position here and won't any time soon as they have done nothing but disappoint ever since it came to AIM.

I wonder what they are and how they are going to pay those 3.3m in liabilities ?

NAI/DYOR