Member Info for ICB888

In terms of broker guidance WH Ireland issued a note on 5/11/20 stating 130p
Condor Ready to Soar
Condor is seeking to develop the La India gold mine in Nicaragua. The deposit is a series of high-grade epithermal deposits developed along faults. The outlined resources, and defined open pit reserves, remain open along strike and depth and we are struck by the district-scale potential in the licence. Condor has a permitted reserve that can be mined by open pit and has defined an underground resource underneath three of the open pits; we expect further resources to be added to the inventory once drilling resumes. Condor is well managed with cash to finalise its economic studies. We see options for Condor in developing the project which we believe is scalable; high-grade starter pits delivering ore to a new plant or trucking to an existing plant in Nicaragua, followed by expansion and then underground mining. We expect the La India project to be a long- life, substantial mine, producing >100koz gold per year. We see an initial fair value in Condor at 130p based on a DCF analysis (NPV10) of Condor mining and processing its own ore which is fully supported by the market value of other companies operating in Nicaragua.

CNR has moved further forward since then so perhaps it should be updated.

LSE have for some reason used the uncrossing trade when in fact the sp is 45.5p down just 1.1% on low volume.

Considerable progress has been made in the last six months with 4 operations related RNS in June alone. One would expect this progress to be transformational but unfortunately we have not grabbed the markets attention. We did however get the attention of First Majestic who took 3% at 50p in part payment of the Sag Mill. So someone who knows about mining thinks it’s a good investment at 50p.
So perhaps Slimshady 69 would like to enlighten us on what Mark should be doing to pull his socks up.

Moriarty needs to understand the nature of his investment in what is essentially an investment trust. We are investing in the BoD because they are making the investment decisions so unless you have confidence in them you should not invest.
This is different to main stream investment trusts because most of its investments are pre IPO. This means the information available to shareholders in BLU can be very limited because the investee companies have very limited requirements as private companies to give information to shareholders, essentially the annual report and accounts. Even if our Directors know more current information they are not allowed to release it without the permission of the investee company.
It is all very well to make statements that things shouldn’t be tolerated but what does he suggest they do about it. Our Directors can’t force them to give information and because they are private companies if they want to sell who are they going to sell to.
The we hate Satoshipay cult that has a few persistent members on various bb’s is very tiresome. The Directors believe in it and will tell you what they can when they can. If that is not acceptable to you then the obvious course of action is to sell and move on.

Those 2 trades of 65812 were clearly a bed and isa or similar so not really a proper trade and both showing as sells. Remove those and there is very little volume. The price is up 2.2% today because the altered the spread. Yesterday it was down slightly because the altered the spread. Essentially its very quiet here with not enough volume to move the price in a significant way.

Presumably immediately after the close of trading and then the RNS landed at 17.17 along with a second one as A Ruvuma update.

Outlook
With the Ruvuma Farm-Out concluded Aminex has no debt, with all existing liabilities to ARA cleared. The Company continues to rely on nearly US$2 million in payments due from ARA upon Completion of the Farm-Out.
Even with the COVID crisis, there remains a significant and rising energy supply deficit in Tanzania, mainly when considered against growing demand, highlighting the importance of assets at different life cycles of their development like Kiliwani North, Ntorya and Nyuni. We would also note to shareholders that we are likely to be supplying gas domestically and are therefore less directly impacted by global commodity price weakness once in production.
We have seen positive signs that the Tanzanian Government is working with producers in-country to support Tanzania’s power demands which outstrip the current supply. We, therefore, remain highly optimistic about the future of this project and what it will mean to the people and Government of Tanzania.
I remain optimistic about your Company’s future as we have valuable assets in Tanzania. We have the financing to advance the Ntorya project and an outstanding partner in APT, which will help drive real growth in-country. We believe that Tanzania’s gas sector is unlocking, with the Government working hard to deliver prosperity for its citizens.
I would remind shareholders that we will be fully funded, as per the terms of the Ruvuma Farm-Out Agreement, for these activities. I want to thank shareholders for their continued support and all the staff of Aminex and its subsidiaries. They continue to endure and work hard on delivering value from our portfolio.
I look forward to providing further positive news on our activities throughout 2021.

It seems very positive with everything on track. Environment in Tanzania improving for this sector and AEX pursuing the outstanding payments robustly.

Excellent post Burble
A very clear explanation of Scancell’s potential in language suitable for non scientists.
Thank you for taking the time to share that with the BB.

My new shares have now been added this morning to my original holding by Barclays and can be traded. I hope everyone else has now had their shares.

On planet earth an increase in NAV from £5.9 million to £8.9 million in the accounting year which is now £12.2 million is quite impressive performance. Not sure what the definition of a portfolio performing is on Planet Rosewall.

CBD firm South West Brands plans float on London’s main market
EXCLUSIVE: The firm is to announce its intention to pursue an IPO this week, the Evening Standard understands
standard.co.uk

Giving a detailed running commentary on an IPO (which as you comment may be a sale to IMG) is not how these transactions work. Are we getting detailed information about the JUV IPO? Perhaps you could provide some examples of other companies preparing for IPO that have given out the sort of information that you would like to have. Remember Ed will be bound by a duty of confidentiality as a Director of Leap. Further as a Director of FFWD he has to be very careful what he says about prospective valuations. He has gone as far as he can to indicate the likely value of Leap by indicating the target £50 million market cap for FFWD by the end of the year but you have to join the dots yourself . The rules for a listed company in this area are very strict.

John you highlighted the key point in your earlier post that the NAV is £12 million. The current market cap is £8 million so the sp needs to increase 50% to equal the NAV. A bargain basement price for a share that is trading at a massive discount to an NAV that looks set to increase further with the Dynasty IPO and all the other investments looking good.

I am sure that the large investors who have just invested £ millions at 5.5p don’t expect the sp to remain below 5.5p for very long. They believe they are buying at a discount and I believe they are right.

My new shares are showing on my Barclays account as they have been for several days but they have not yet been activated and consolidated into my original holding.

There is a lot of misleading speculation taking place around the creation of new shares which will be available for future use. The chairman has stated in the RNS the following
“ readying it for future investment, including from institutional investors should NAV and market cap develop as hoped."
It’s quite clear that they will only be issued SHOULD the NAV and market cap develop as hoped. By which I assume he means the £50 million plus market cap by the end of this year that Ed has talked about.
Also this fixation on Ed buying shares is not a big deal. If you are familiar with the history of FFWD you will be aware of who the Directors and large shareholders were. Some of them remain large shareholders( or their relatives do). Who appointed Ed to the board and who does he have close links to. I am sure you can join the dots and possibly come to a view as to which shares Ed may be looking after and is therefore keen to ensure the sp rises. Ed has had a very good return from EMMAC.
Most investments in the portfolio are looking very promising at the moment and we are trading massively below NAV. Let’s hope the rerate starts tomorrow morning because it is long overdue.

Marcy has commented on today’s RNS and this is his conclusion:
The acting CEO sums it up well, these moves will transform Chariot and in gas and the size of the potential with Total Eren seems to be an opportunity rarely offered to shareholders in a company such as Chariot. It has vision and with both sides of the business attracting the benefits of energy transition and the inevitably positive use of gas. I would think that the upside for the company is potentially so substantial that it would dwarf the size of the company as it is right now.

That is a very bullish conclusion predicting a multibagger. Let’s see if he is right.

It is normal to have the ability to issue new shares and it is necessary to create them at an agm or egm. I would speculate based on what the Chairman said that they will only look to issue new shares when the NAV gets to £50 million+. So essentially when Leap has been sold and the sp will be say 25p. The new shares will be issued at that price to create a fund of circa £100 million to make serious investments in the Cannabis and wellness sectors. That would allow investors to get out at a good profit if they choose when the Leap money lands. Just my thoughts if I was sitting in Ed’s shoes.

But he has given a very big hint that Leap is worth a lot of money by saying we will have a £50 million + market cap by the end of this year. The only way that will be achieved is Leap bringing in a very large sum. I believe we are in for a very pleasant surprise. Remember Ed will have a very clear idea of that sum as he is involved in the process as a Director of Leap.

Do we think South West Brands have been retained by FFWD in connection with the rebranding to SEED?