Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Morning Bignose, yes something going on. False break yesterday. A fair bit of Fulbright activity yesterday with all the small orders noted and they were recently convicted for illegal trading by HKSE.. so maybe the workstations have gone crazy again. Anyway looks like they have sorted the workstations now and good to see the sp bouncing back this morning (on higher volume) as expected. JP Morgan quite active on the BUY front. Market Update not far away. Heimdal
Buy depth was very soft today so it was easy to push the sp down 10% on very low volume. We will probably bounce back tomorrow. False break IMO.
At least VXR is going strong up another 2.38% today. Now valued at HK$ 92,900,000 eq to 22.17 of RPG's MCap!
Sold down on small vol by Fulbright, lots of small orders going through pushing the sp down. Heimdal
RPG still holding Dougie as ASX has strict disclosure rules. Jim sold about 5m of his personal holding @ 33c.
At 63c VXR is now worth HK$90,700,000 - equal to 19.5% of RPG's MCap. I am sure VXR will have a positive impact
on our sp shortly. Cu spot prices up 1.79%, I think it will go a lot higher in the short term with Biden's rapid
Green Energy Transition. Heimdal
Sooner or later there will be a VXR driven re-rate, probably not tomorrow but maybe when VXR hit $1, representing a holding value of c. 30% of RPG's MCap. VXR currently trading at 62c, amazing run.
VXR now @ 60,5c and our holding valued at HK$ 87,000,000 which is 18.8% of the RPG MCap.
Market Update not far away Bignose, Italian said May which we will enter on Saturday,
so maybe a comprehensive update next week?
With the sky rocketing Cu prices VXR could hit $1 before long -> re-rating of 575 on the cards!
Heimdal
The new head of VXR Bill Beament has grown Northern Star from a $10m company to Australia’s second biggest gold producer with a market cap of $13 billion. In recent news he noted that he will transform VXR to a multi-billion $ company.
VXR trading at 54c this morning. Our holding is valued at HK$ 77,546,720 which is 16.1% of RPG's MCap. With the sky rocketing copper prices we should do very well from our sizable VXR holding :-)
Heimdal
Easy money to be made wrt stocks with exposure to the Green Energy Transition, not least copper producers.
VXR is a great company, Sulphur Springs is ticking all the right boxes: excellent Cu grades, shallow deposit, +10 yr mine life with very significant exploration upside, good infrastructure, no sovereign risk - all in all very well positioned to cash in on rising Cu demand - perfect timing for new copper producer. I hope we can hold on to our significant holding which might be worth $40-60,000,000 within a couple of years (maybe sooner if Cu prices go crazy on high demand). If everything else fails VXR could save us. Heimdal
Sure, that goes for all walks of life.. lol
HK Bulls just issued another BUY for RPG so maybe another run on the cards, certainly more buying today.
Market Update not far away as noted by Italian.
Heimdal
Bignose, stock broking is good honest work, do you have a problem with brokers? Heimdal
Sure Bignose, RPG will exit (in due course) but VXR is only 18mth away from production..
I very much doubt we will subscribe for more shares though.
Did you see the 3,350,000 BUY order just before close from JP Morgan @ 18.9c - only partly filled.
10k "golden finger" back in action on close with a 10k BUY @ 19.4c at 15:59:31.
Heimdal
Interesting comment by Irotschild wrt VXR/RegPac on hotcopper this am:
"Regent Pacific's core holdings of 23,849,445 shares remain untouched. They are the foundation shareholders and I believe they paid about $1.35 per share back in 2010/2011. I think they got the Sulphur Springs project right, but the timing was off as the previous cycle fizzled out before VXR could get the mine approved back in the day. Still plenty of meat on the bone if they participate in the 1 for 7. Perhaps holding on for a block trade at $2 or $3 in due time?
The recent share sales are predominantly by the director's private holdings and I believe these are well in the money as he participated in a few previous placements. I reckon the Director is just cashing some chips to spread around other stocks. A number of these are also doing pretty well as I have been following the money trail.
The market seem to welcome the liquidity as the share sales are easily absorbed."
If the exit plan is indeed $2-3 then we could be making another $50,000,000 on this LT investment. Let's see how this plays out but the timing is perfect for Cu with mine production not far away now.
Regent Pacific's MCap is currently just US$58.1m or HK$ 451m with our VXR holding worth HK$ 59,387,483 (13% of the MCap).
Heimdal
Thanks Italian. A bit disappointing as we are falling behind on the news flow front:
Confirmation of Macao launch (March)
Confirmation of Taiwan launch (April)
Confirmation of China clinical trial start (April-May)
USA marketing study news (May)
News on OTC roll out in EU (June)
Potential news on USA partner ahead of Phase III
Confirmation of USA Phase II study submission (first half of 2021)
News on Japan progress
Potential news on LATAM, India and Middle East commercial strategic partners
DLI market update
This indicate that the market update in May will be substantial and should include the
first 4-5 points, possibly more, and as such it should have a significant impact on the share price.
May is just around the corner so sit tight fellas, maybe a good time to top up at these cheap levels?
Heimdal
Dougie, 210,256 users just look at the Young.AI website. Heimdal
Italian, it is a somewhat lengthy article about the blood age feature on Young.AI "Our most favorite aging clock featured on Young.AI is probably BloodAge. It takes in a PDF of a clinical blood test and returns your age. One may wonder, how could that be useful? I already know my age. However, BloodAge prediction is different from your regular, chronological age." It goes on to explain that 46 biomarkers should be present for the most reliable BloodAge predictions, not all of them are equally important though and then list the 10 most important. All in all I think the Young.AI app is a positive development as it should assist people in living more healthy lives. With +190,000 users incl #1 in the UK I hope many users will switch to the more comprehensive version at just $14/month. Heimdal
https://medium.com/longevity-algos/top10-blood-youngai-5bc989f6805e
Heimdal
Dougie, only 2m shares traded yesterday as most traders were probably in holiday mode. Let's see how we go on Wednesday when the punters return.
WRT the ATO issue, not a great concern. US$4.50m due by the end of 2021 (still a long way to go).
In contrast our VXR holding is valued at U$9.4m and we recently received almost US$4m from Wanbang and OEP so I think we will manage in light of the significant 30% cut in salaries which saved us US$2.13m.
Heimdal