Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
HOME entry page much improved and looks very sharp indeed. However, the DLI website still need an ABOUT page with Vision, Leadership, Video Presentation etc similar to RPG. They also need to update the CAREERS page which is well outdated. INVESTOR RELATIONS is also old hat so still a bit of tidying up to do.
575 still trading sideways but BUY side building, with c. 3m unfilled buy orders at =/+18c just before close. Prudential Sec noted.
Let's see what next week will bring with name change and all, hopefully a new beginning and a brighter future for all holders. No need to change company name if it is not coupled with a new vision, new energy and dynamics.
A fair bit of news to look forward to (not least FDA Phase II submission next month - a major milestone!).
Heimdal
VXR looking very bullish and our holding is now valued at HK$120,000,000 / >27% of RPG's MCap.
When will we see a market reaction? Heimdal
Amendment: largest jump in recent times was of course on the Rx - OTC switch on SEPT 4 with 572m shares traded and an intraday jump from 9.6c to 24c.. still, we can get big jumps here in HK on no news.
High volume going through fellas. If you look back on the chart you will see the two largest recent jumps in the sp
were not associated with any announcements: on JAN 31 2020 98m shares traded and the sp jumped from
10c -> 19.1c (intraday) and again on FEB 16 2021 with 62m and a jump from 21c -> 26.5c a week after Market Update.
I think we are overdue for a lift given: 1) significant increase in VXR holding which now underpin the sp and 2) we are moving very close to submitting completed Phase II data to FDA (major milestone!). Heimdal
Given the last Market Update I expect the following news flow for the rest of 2021:
Name change (May 28)
Confirm subscription of 3,407,063 new VXR shares @ 8c / each (June)
Confirm Phase II submission to FDA (end of June)
Potential positive result from ongoing license discussions in USA (June - ?)
Taiwan launch (June - July)
Potential positive profit warning (Aug)
Confirm China clinical trial (Oct)
Update on OTC progress in the EU (June - ?)
Potential VXR block trade (> June)
Confirm FDA Phase III start (Q4)
DLI cash flow update (?)
Japan / ROW progress (?)
Potential new ventures (?)
What would move the sp? VXR block trade exit @ + HK$100m, FDA Phase II/III progress, China CT start, positive EU news, new ventures and securing a deal in the USA (the big one which could come out of the blue any day).
Markets are choppy at the moment but RPG should hold up well given the low Market Cap, our VXR holding
and expected news flow.
Heimdal
Cheer up Bignose this a long term hold which will eventually come good. With the vital US commercialization moving ever closer this could take off any day. For now we have support around the 18-19c level and resistance around 20c which will be broken sooner or later. WRT our VXR holding, this is a good story, and it is clearly in all holders interest that the BoD take up our full entitlement of 3,407,063 new shares @ 8c each with 1,703,531 free attached options for a mere US$212,744 which is just 6.6% of the US$3.2m received recently from Wanbang. Heimdal
Agree, a very positive, well crafted and comprehensive Market Update Dougie. Unfortunate delay wrt China and roll out Taiwan but on track and positive news on USA. Also good comprehensive update on DLI. The HK market is soft, drifting 11% lower since the FEB 17 high. VXR looking solid at 71c up 2% today. Will be interesting to see how long we will hold. Maybe there will be a stronger market reaction if we offload at + HK$100,000,000. RPG will bounce in due course as the significant rise in VXR is not factored in to the sp - reflecting a very low Market Cap. A 5 star bargain! Heimdal
https://www.marketwatch.com/story/mining-stocks-climb-in-london-as-copper-surges-to-all-time-highs-11620398933
Upward and onward!
Heimdal
The May Market Update is not far away and it could include the following:
Significant increase in the value of our VXR holding - (+HK$100,000,000) underpinning the RPG share price
Confirmation of Macao launch
Confirmation of Taiwan launch
Confirmation of USA Phase II study submission
Confirmation of China clinical trial start
USA marketing study update
News on OTC roll out in EU next month
Japan
DLI status
BoD might hold the Market Update back to relaunch RPG with a new name on MAY 28 and hit the market at full blast.
Happy days!
Heimdal
Agree Bignose. They have certainly changed strategy. We had frequent updates for a while, about six in two months and now hardly any news - only selected holders like The Italian getting inside information on Macao launch... Not sure why they suddenly changed news flow tactics. Sold down on very low vol. Looks like they want to keep it in a tight trading range around 19c. Heimdal
VXR bouncing back strongly today, 1 hour before close it is up 14.4% at 75.5c.
It is a good story and with few listed Cu companies on the ASX there are not many alternatives for the local punters.
With a value of HK$108,000,000 our VXR holding is equal to 23.8% of the RPG MCap (or 4.5c). Heimdal
Morning Bignose, In general I share your cautionary views on resource projects and "big wigs". However, I think Bill Beament and VXR will deliver. The timing is perfect and the project is solid. Sulphur Springs is a low CAPEX and rapid payback project (given the shallow high grade nature of the deposit). I understand c. AU$200m is required in CAPEX and the bulk (ie. AU$158m) is already sorted. Approved Term Sheet for finance already received from global commodity trader Trafigurar for AU$100m of senior debt funding : https://wcsecure.weblink.com.au/pdf/VXR/02130406.pdf . An up to AU$58m strategic funding package organized by Bill Beament was secured on FEB 24. Copper prices up again last night with analysts predicting prices up to $15,000/t a 50% increase from here.
All in all VXR might well be a game changer for Regent on the short to medium track. Exit could well be an off market block trade with a super fund or similar situation but I doubt Jamie will offload for <$1.35/share or $32.1m / HK$193m.
Heimdal
Hi Dougie, copper is hot and predicted to "stay stronger for longer" (a bit like Fortacin.. lol) and with Bill Beament at the helm the VXR sp should move up quickly as they move forward towards Cu production in 2022. I understand RPG's purchase price was around $1.35 so I guess they will not sell for less than that. Bill Beament turned NST from a $10m coy to a $12B coy and he has many followers on the ASX and has already stated he wants to turn VXR into a multi-billion $ company. All in all this is looking very good and the VXR run must benefit our sp sooner or later. Last time I calculated the VXR holding it was close to 25% of the RPG MCap as such I expect a 5c lift sooner or later. Heimdal
VXR was trading at 79c this morning and now pulling back a bit. Nothing goes up in a straight line. Outlook for copper is very good indeed, probably the start of the biggest bull market ever: https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/gianni-kovacevic-copper-biggest-bull-market/ VXR will do very well out of this as Sulphur Springs is a shallow high grade deposit close to production in a safe jurisdiction with significant exploration upside. I guess RPG will do a block trade around $2-3. Not sure where you are getting your BUY/SELL data from but let's look at the trade at 10:22:06am, this was a single 380k BUY, picking up 5 individual smaller orders in the SELL queue from 19.2c to 19.4c. Heimdal
Morning Bignose, 6 x buys this morning for 1.05m shares and no sells. Our VXR holding is now worth around 5c so I strongly expect a bounce. The Market Update might mention the significant VXR holding increase if not we could well expect a positive profit warning in August. Happy days! Heimdal
VXR going from strength to strength, finished @ 74.5c today up another 3.5% (or +HK$3,575,844 today )- that should keep the lights on a little bit longer... lol We might even get a positive Profit Warning in August (only a couple of months away). Heimdal
ASX down 66 points today yet VXR is up another 9% now trading at 72c.
Our VXR holding is valued at HK$103.7m equal to 23% of the MCap (@ 18.8c).
Upward and onward, Heimdal
Wow - VXR finished at a yearly high of 66c today, up 14.8%.
Our holding is now valued at HK$95.1m equal to 21% of RPG's Market Cap.
Bounce baby, bounce!
Heimdal
Thanks Italian, encouraging. RPG is directly named which is very positive:
"About Regent Pacific (SEHK:0575.HK)
Regent Pacific is a diversified investment group based in Hong Kong currently holding various corporate and strategic investments focusing on the healthcare, wellness and life sciences sectors. The Group has a strong track record of investments and has returned approximately US$298 million to shareholders in the 21 years of financial reporting since its initial public offering."
Agree Dougie, it will rocket on good news and Market Update not far away. Seems like it is held in a narrow trading pattern. Good to see JP Morgan at the front end of the BID side. It did take some time to absorb the 4m sell order from Tai Fuk whick was moved endlessly up and down like a yo-yo all day, clearly an inexperienced trader. Heimdal