Member Info for jdt1990

I reckon Al has that exact same opinion EbbsandFlows while all the stick is directed at Avcta - in my opinion wrongly. All the Govt outfits have been abismal!!

There is zero doubt the asset is hugely attractive to any interested party at circa 1.3m oz with a very low AISC. £7m mkt cap is on paper a crazy valuation. This excludes anything Haneti related too.
I think a lot of peoples concerns here are that KAT isn’t exactly cash rich and the longer this keeps dragging on (whether you fully buy the COViD rhetoric is irrelevant to this point) the business has outgoings. Lack of cash points to more frustrating methods of interim “keep the lights on” financing for PIs.
We would also love to see haneti progress but again it costs money.
I do feel Imweru was literally given away and a better deal there may have left some cash in the bank - appreciate COViD wasn’t a thing at that point but regardless, having a strong balance sheet is good business, especially when they pay themselves the money they do.
Either way I can’t see this not happening - the market and justifiably some PIs just clearly dont like the uncertainty of a timeline and what may have to happen before this gets over the line.

Crazy isn’t it the valuation of 876,000 oz for £7m mkt cap, that’s about £8/oz valuation.....just shows what little credibility LC has left! Despite that minus haneti this co. Is ridiculously undervalued

This again boils down to the motto, if your going to do it, do it right first time. Al gets stick for the missed timelines but ultimately he is a scientist and wants whatever is put out there under the name of his company to be top notch. Not a cheap Chinese test to earn a few quid in a pandemic but kill the relation of your business long term.
Govt were under pressure to get some form of test out there prior to vaccine news just to stop the public revolting and losing their minds. Vaccine is now a distraction but the more researched like us on this bb know a vaccine solution is a long way off and the govt now have a window of time to find a test that really does do the job.
Let’s just hope it’s Avct but the switch to swab I can’t see being driven by anything other than pure demand in the near term rather than trying to perfect the saliva

I also thought it was quite telling that Sean explicitly said “I know the guys at Newcrest well”.

Sounds like he is literally a clone of GH. Corporate finance M&A man, he’s got some credentials and experience!

Holy moly! Something Rio related in the wings?

Agreed Richbob. The sheer scale of what this company could potentially produce for a small pharma is mind blowing.
Kite pharma were bought out by Gilead for $11.9bn based on their Car-T potential. Kite pharma was a pre revenue, loss making business with huge debt when bought.
Let that sink in and when the naysayers come shouting saying no revenue, where’s the test etc etc. It takes one of that huge list you have there to hit and this is a different story.
Not to mention we own the IP to affimers and now have the funds to progress therapeutics.
This co. Is no COViD play, it’s just a shame it is priced that way at the moment following an influx of quick buck rainbow chasers.

StrummerJones - The one thing that is certain in investing is that nothing is nailed on or certain. You pay your money you take the risks, but they should be calculated risks.
Ghana - a democracy and one of the most politically stable countries in Western Africa.
Ghana - a heavily pro mining country who make a lot of money in taxation from foreign mining operations.
Gold - A hot commodity right now, price on the up and we know there is plenty there - look at the latest resource estimate 250% increase!
BOD - This company has some very credible and experienced board members who know a lot about this game.
The tenement - Homase south pit alone has a lot of gold. Not to mention what the north and central pits could find which run close to historically huge 0producing mines.
Equipment there an ready to mine - would you do this if you had huge doubts over being granted a permit?
Someone posted here a while ago no permit has ever been declined in Ghana at this stage (if true then we can probably seduce COViD has had a big impact.)
So based on the above - where are these red flags? Nobody can say for certain if this will or won’t happen - if we could then id put every penny I had in here. But I’ll say it’s well stacked in our favour.

What a numpty you are Sirivor. If you’re going to deramp at least do it with something a bit more factual and close to being true.
Avct will be classed as an essential workplace I have no doubts they are busting there balls over there despite the desperate cries of Some PIs and derampers on lack of news and a test to market.

You’ve literally just written a response to your initial point that explains why your first one isn’t correct plonker!

They hold $53m worth of shares as of COB Friday. They are upping the allocation to 1.66% of $5.9bn which was the GDXJ AUM Friday. So that is ~$98m or a $45m.....hope that clears it up!

Bitcoin has a long way to go to replace gold. Not arguing that virtual currencies won’t have their place and certainly with the infinite money that can be printed these days, it’s hard to not see them devaluing hugely. However, for investors, Gold is tangible, it has finite resource and that is what drives value (amongst other things of course). It’s been that way for centuries.
Fundamental economics is going to struggle short term to accommodate something like Bitcoin that is not well understood, hugely used for speculative investment, not tangible and has to be “mined”

Really valid point Quitfrankly that a business doesn’t have to just meet Mktcap and volume criteria to be included in the GDXJ. There will be other work done in the background to ensure any company they allow into the ETF has solid fundamentals

Funny how you just pop up with your random red flag posts munchbox isn’t it. You did over on GGP the other day, how did you 20p soon prediction for there?
Last week you were saying Emma is starting to look legally criminal. Delays in the EP but a 250% increase in resource and ready to mine.
Enlighten me with the red flags?

Oh it’s blue and you f*caked off......shock!

There’s also a very clear reason Scally wasn’t included in the Juri JV in my opinion. GH had to keep newcrest on side and rightly so, he threw them a bone with the 75% offering in the Juri JV to keep NCM away from Scally.
It’s a game of compromises but I feel in my bones that Scally is a belter and GH has done what he had to to keep 100% of it!

Give us some numbers then ArnoldPalmer!? You stroll up here spouting overvalued with absolutely no fundamental basis behind it.
There has been a lot...and I mean a lot....of in depth research done here by valued posters who have collaboratively put some solid numbers behind what the size of this asset it.
And before you say BBs have no impact, when the CEO mentions PIs personally in global forums and AGMs then they should be taken with credibility unlike you.
The valuation of this business is not on the MRE alone. How many tenements do GGP own? Where are they? Is there a mini gold rush going on in the Paterson?
Do some research and come back with something of value some day. Or in fact, just don’t come back.

We’ll know how much they need to buy after COB today they then purchase 18th....

FFS **** up about the blooodddyyyy housseeeee!!! Old news - no red flags - get over it and move on!