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Goldplat's 5.6% is in a 12 Month lockup until August. They did sell their share based payment for c/ £450k to , I think, a market maker for 0.95 but have no intention of keeping the share price down and would further look for another buyer for their stake after the lockup ends.....
Sellers, I think. Remember the last raise went to mostly share flippers organised by the broker, plus there are what, 3, market makers on the share register? Add to that the people in for 10% gains after drill results etc., it's going to be a long while yet before you see sustained rises before drops back, hopefully to the low 1's next time (still plenty of time for any investor or anyone considering accumulating upon milestones). We won't see a decent return until we're producing 20k ozs and the market sees we can self fund or debt fund, probably towards the end of the year.
Answer me this; How is killimapesa going to get to 50k ozs as implied in the original presentation while the company has 2 other obligations they will be under pressure to rapidly advance through to BFS stage and build?
This is going to take a long time!
Looks like the short position has increased. What we need to do is buy more shares to squeeze them out. Been watching this for a while, thought the tide had turned seeing as they now seem well funded again.......
It's only H1, what do you expect? If the shares have low value then a share buyback is a better use of funds in my opinion and would expect at least another 200k buyback after the full year. That's 3% of the free floating shares gone.
Have had a small amount here for a while after listening to a TMS podcast. Interesting how the mining licence is the first priority yet an exploration licence has preceded it. My guess is that as the offtake agreement isn't secured subject to mining licence, will take some time so will only buy some more once licence is granted and then again after the next fundraiser...... Think we're undervalued here but bluejay has had a mining licence for a while and still has no official offtake or funding so there is no rush in my view. There is also sovereign metals to look at and compare.
Thanks to a research note no doubt. Give the NPV was £576M, and we will have phase 1 making £10M annual net profit at current tin price etc., What would a reasonable market cap look like given phase 2 is 2025 at the earliest and research note states 2026? I think 15-20% NAV is fair given the time horizon and risk given where we are in time. You can hype all you want but anything else they have is early exploration stage and should only add max £40M for the lot in my view given there's no dilution risk in proving it up. That's just over 12p a share, might be a bit generous but that's my best case scenario of where the markets going to value us.......
After reading the fool article earlier, am a bit nervous, feel I should have sold some today before tomorrows news as I think motley fool offers terrible investment advice (usually finding ways to reccomend stocks after price drops like cerrilion). I think cost inflation metrics may get a negative over reaction and receive more focus than future cruise prospects in the near term and sense I may need to average down but don't have much cash....... 500p may be some other peoples targets here this year but I think we may see 220 by 9 tomorrow.
Hi chaps, have just been trawling through the gcat board and have come across this; "To acquire the Kilimapesa gold mine, the company agreed to provide Mayflower with £3.25 million,
satisfied by issuing 325 million shares at 1p in Papillion. Plus, there is deferred consideration of up
£2.35 million, also in shares at 1p per share dependent on the stage of Kilimapesa’s development
and the level of success of the Kilimapesa gold mine. In addition, shares worth £500,000 are due on
the definition of a JORC (2012) Compliant Resource of +1Moz at Kakamoeka, which is now not being
pursued."
Does anybody know if it can be assumed GDP will be getting another big tranch of shares in caracal gold later this year? I can't find anywhere whether the shares are to be payed for as a form of warrants or will be issued by gcat later on in the year either as I don't know how to interperit this.
Does anyone have any ideas?
And as a capable, competent and forward thinking investor, if I was to offer to buy your shares off of you, NOW and not in the next few weeks or at the end of the year, what sort of price would you be expecting considering the risk and upside? 25p?
I'm a bit perplexed too, am I right in thinking only ii's have to disclose short positions? It looks a bit shorted to me, I mean, just speculation here but if you didn't have to disclose a short position and were a big whale with lots of shares then it would be so easy on a small volume traded stock like this to beat it down and get richer on your short.
JJust a bit paranoid I suppose........
And me, I'm hoping for dividends, just saying the project valuation before it's built and once only permits are in place is huge
and in demand.
Not saying it's for sale but if the mining licence is granted, then it's going to be worth a lot of money, think they could easily get £100M just for the paper permits, base resources is looking for other projects as it's only producing project will be depleted in 2 years. Just saying.
Seems to be a cup and handle developing so i'm expecting a break out prior to something. Considering potential upside and how near term the cash flows will be assuming the mining licence gets granted it all depends on whether the management can get the offtake they are looking for to facilitate what I think could be, as stated in the interview, debt finance instead of a straight up share placing but can the management pull it off well and how many warrants will be attached?
Obviously taking longer for the drill results IMO. If we do see 7's will be on low volume still, all the ii's that sold out went months ago imo as their IPO price was 12p and any others that picked up shares were doing so on the way down.
Loaded up for a dead cat bounce in the morning anyone?!
| (4p)
\_/\ (a little dead cat bounce bounce)
\______ (0.2p after a few months)
Stop whining about dilution. Yes, was a painful dilution, but how did you get your shares anyway if not through the process of warrant sales anyway. Clearly your just angry you didn't buy yours last. Makes you a bit of a selfish hippocrit in my view. Thought his pizza meal was going to be a big slice of a small pizza, not a smaller piece of an even bigger pizza with other people at the table, blah blah blah, get over it. I'm just happy the company is past that phase now, didn't fully understand the risk contingencies of how it was all going to play out myself either but the original thesis of investing in a turning around mine is still intact so I'm not going to whine about not getting an even bigger return than I thought I was or that I didn't buy at the bottom. End of.
Looks like a lot of crying over valuation of the near term share price to me.
You know what the companies goal is; get to 1350tpd and evaluate expansion opportunities from that base.
For all I know, once 1350tpd is reached and the 12% loan is paid off, the company would qualify for another 3% loan to develope ther assets into a 4000tpd producer over the next 5-6 years.
That's probably what they want to do, to make themselves a lot of money, with the knowledge that 10% of their investors are cry babies.
Bye
I'd expect him to grant himself some performance options once things start going well. You have to think if he's not going to be a part of the Chinese offshore steel enterprise then he is holding something up his sleeve on that front and not just clutching at straws so to say. I do anyway.
Would take some pretty supprising drill results to move the share price meaningfully higher for more than a week though I think. Multiple intersections of around 10M @ circa 10g/t from a drill campaign is what attracts real fans and makes people day dreamers of companies and I think we'll get the 10M intersections, but it won't be a dream.